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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 24th arpil

Natalie's picture
Last week saw breakouts and the Dollar getting a bit of a drubbing with enough to drive the Europeans to major s/r levels and profit taking zones. This has changed the landscape all across the various pairs and opened things up considerably. Dollar index is now at key support levels, which if broken would signify much deeper Dollar selling. On the calendar, the main event is Bernanke testifying and as usual it'll be all about looking for further clues/reinforcements of what the fed is expected to do over the coming months. Otherwise the calendar has things going on both sides of the atlantic pretty much every day, but not necessarily major... the 1.79-1.79 1/2 level is still intact on cable having shied away from there, while Euro has come off its channel highs at 1.24. Be very interesting to see if the Euro can gain further advancement here for an upside break or remains stuck in the Rising daily channel. The weekly looks more positively towards the former with 1.26 being the prev high buffer zone from September 05. Correspondingly Cable Zone is all the way up at 1.85 from the same sept 05 period. Remains to be seen whether cable can quickly scale these heights having been much more beleaguered, but it is in the process of losing its most dovish MPC member although MPC doesn't have much room to manoevre between mild inflation and mild stagnation.