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This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.

 



I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program

 



Additionally, you can now get access to what I consider to be the best stock options trading alert service.

 



Of course I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.

 



If you do want to follow along with what I am doing every day you can get access to my dail stock market report 

 



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

Week Comm 23 Jan

Phil Newton's picture
so, we find ourselves back in familiar territory again huh? price has certainly tested the trapdoor of 7500, and found it to be a solid floor thus far.....it houses 2 top fibs from the hourly/4hr frames & a daily s&r line stretching back thru 4th quarter 05. 7500-7600 is quite a hot zone for Bull/Bear combat, and in the near term the Sterling Bulls are still winning this one......I offered a very brief outline of the generic fundamentals on Friday, and they will have a very big bearing on where this pair decide to sprint to next.......... again, the Daily frame offers us a broad outline of where we are in relation to the wider landscape, & the 240min zooms us into the prev months action......it appears messy & unorganized - but we have clear barriers (either end) in which to aim at & work our plans from..... even though we're ranging, we can still look to the usual candidates (round numbers-asian tops/bottoms-fibs etc) for guidance.....this range will break, just be patient with it & don't abandon your rules in the hope of catching an early bus.........they generally provide a pretty good service on these lines :wink: