Welcome guest, why not register to get access to more of the site?

Announcements

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 daily trade 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 daily stock market report 

 

 

You can read the step-by-step Bollinger Band Trading Strategy Guide - this is my main active trading strategy



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

Price Action

Phil Newton's picture

Discretionary trade management on GBPUSD

Hi Folks, 

A good session in the Live Trading Room. 3 trades; 

  1. Scalpers to Target 2 (+15 +30 0), swing stopped out (-20x3)
  2. Swing trade to taraget 2 (+50 +100), Scalper all 3 targets (+15 +30 +45)
  3. Scalper all 3 targets hit (+15 +30 +45)

A good session all in all but very quiet with all the action happening early morning and late afternoon. One of the things that filtering trades with the trend is the ability to easily make some discretionary adjustments to targeting using some Simple Chart Reading to potentially shoot for a larger target.

caprica1's picture

Caprica1 FurQuad Core | EURJPY | 19th-23rd July

So my decision to trade the Furquad core on EURJPY this week has seen me have a very quiet week indeed. Typically, when I decided to start, EURJPY becomes chop zone alley...sod's law I presume. So not a lot to report really on the live trade front, but I have taken the time to investigate some other options for trading the chop zone as a stand alone strategy.



The full text is only available to subscribers! : click here to subscribe >



Phil Newton's picture

Bloody awful Wednesday's... not so awful today!

Hi Folks, 

Today's video talks about the discretionary decision that was made at the start of trading this morning and reassessed this afternoon after 14:00 UK hours.

In short the last few Wednesday's have been pretty awful to put it politely. 

So what can be done? 

Without being scared off from a trade (although I believe that fear is justified at the moment)  the first thing is to acknowledge the fact that there is and has been precedent over the last several weeks to expect a horrible Wednesday theme to continue, assuming history repeats itself.

The next thing to do is to look for any supporting evidence on the charts that would warrant a discretionary decision to down tools.

Watch this video!

caprica1's picture

Caprica1 FurQuad Trade | EURJPY

Short video on how my trading day went today. I have decided to go back to the original furquad strategy for a variety of reasons, and I am focusing on EJ for the time being. So contrary to the snatch, not that active a day for me today, and not that good a set of results to start the week.

 

Watch this video!



The full text is only available to subscribers! : click here to subscribe >



caprica1's picture

Caprica1 | EURJPY | Line of best fit pattern

Well it's been a tough old week thus far. The folks of the LTR will testify to that. I think regardless of what flavour of furquad your trading, it's been very tough mentally.



The full text is only available to subscribers! : click here to subscribe >



Phil Newton's picture

GPUSD rising channel

Hi Folks,

In the Live Training Room earlier in the week we took a look at GBPUSD rising channel and discussed options for some discretionary trade management to try and take advantage of a more standard TA pattern within the context of the FurQuad Snatch rules.

A really long story short is price is at (or has been according to this snap shot) at the channel high.



The full text is only available to subscribers! : click here to subscribe >