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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

FurQuad

FurQuad Strategy
caprica1's picture

A new month begins

A new month has started already, sheesh can't believe it's August. Where has the time gone?

Not been doing any trading today, due to still feeling un well, bit of a spill over from the middle of last week. Caught a bit of a bug that's just knocked me for six, but feeling better than I was.



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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!



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Chop Filter

Starting with an initial observation in price

Multiple opens and closes near each other can create choppy price action not suitable for trading a trending method.

Developing this further into a filter that can be used to avoid Chop on the trending FurQuad Strategy as well as an indication to identify a new condition and Strategy deployment FurQuad Reverse Snatch.



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Phil Newton's picture

FurQuad - Chop Filter

Hi Folks,

This video shows a filter which will be officially rolled at as a strategy upgrade later in the week with the accompanying text outline as well.

The chop filter is to help avoid situations of narrow price activity over an extended period of time which is one of the least favourable conditions for this and to be honest most trending strategies.

This is the first part of the strategy upgrade and I'm looking into the finer points of taking this chop filter as the first condition to turn the strategy on its head for a FurQuad Reversal Strategy.

Watch this video!

Enjoy

Phil



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Phil Newton's picture

Quick trading update and ATR adjustment comments

Hi Folks,

A short video just to update the situation for the current trades this morning in the Live trading room as well as some updated comments regarding the ATR setting adjustment.

All in all its turning out to be a pretty reasonable days trading with only GBPUSD giving a few blips.

One thing I did forget to mention on the video is that I'm not worrying a great deal about weekly ATR either as the adjusted average days move will basically see swing trade targets met quite nicely.

Hope your having a good days trading as well

Enjoy

Phil

Watch this video!



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caprica1's picture

Caprica 1 | Attempt at discretionary TA

Following on from the discretionary TA analysis from the LTR this afternoon, I have attempted to mark off some lines on the 240m EURJPY chart.

The blue dotted lines represent what I see as a falling channel.

The white dotted lines represent what I see as a rising "thing" Don't know the name. But price in between those lines is rising and also narrowing.



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