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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

Video Reviews - '10

Video Reviews - '10
Phil Newton's picture

Simple Price Action Trading Locations | Week commencing 10 Jan '11

Hi Folks, 

not too many changes to the locations I looked at last week, one or two adjustments and refinements to be made as the start of some of last weeks start of movements.

EURUSD

Weekly charts developed an engulfing week on EUR a common theme we have seen recently with engulfing bars is a narrow ranging bar to follow for next week. Assuming that develops, a retracement up towards 1.3200 might be anticipated.

Secondary scenario would be a more classical assumption for price to "follow through" and continue with last weeks strong momentum and direction.

One thing that did catch my eye this weekend was most of the press was touting EUR to push down as low as 1.20, while it might get there, thinking contrarian for a moment, if the press is representative of the general public and the public are usually the last to know anything and are usually wrong then it would be fair to assume the opposite, at least in the short term.

Either way price is at a good location for a short term rally or a follow through movement and the strategy will take care of the rest.

The above comments pretty much just help me to formulate a potentially likely primary scenario that price could be a little sloppy and narrow ranged this week before price action puts in something more significant again. Obviously this is another occasion I would actually like to be wrong as although it is my preference to trade through these periods of (anticipated) slop it doesn't mean I like doing so.

Simple Price Action Trading



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Phil Newton's picture

FurQuad Snatch | Review | EURJPY 15th Dec '10

Hi Folks, 

Below is a text summary of EURJPY trade entries and trade management for Wednesday 15th Dec '10.

Following the 4 point check list (outlined in detail at the bottom of this post).There were 2 entry set ups that triggered which developed which sadly did not see any follow through during the regular trading session.

  • 1 - Location/Direction
  • 2 - Potential
  • 3 - Trigger levels
  • 4 - Entry set up and trade management as per strategy and conditions.


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Phil Newton's picture

FurQuad Snatch | Review | EURJPY 13th Dec '10

Hi Folks, 

Below is a text summary of EURJPY trade entries and trade management for Monday 13th Dec.

Following a 4 point check list (outlined in detail at the bottom of this post) there were 2 trades that set up on Monday 13th and 1 trade on Tuesday 14th which highlight a shift in the initial direction of the first few trades.



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Phil Newton's picture

FurQuad Snatch | Adjusted ATR saving the day

Hi Folks,

Just a short video to show what I'm trading and what I'm stepping away from today. Adjusted ATR saving the day again for me, opening up a few trading options for me. So far I'm pretty pleased with the quick decision to a shorter setting given the significant increase in volatility.

Enjoy

Phil

Watch this video!



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Phil Newton's picture

FurQuad Snatch | Review | 13 May '10

Hi Folks,

What a days trading, Targets up and down for today's session. Very pain free trading and as I'm typing just waiting for some final targets to be reached. Most likely I'll have to wait for them maybe overnight as most of the pairs I've traded today are showing ATR for the day having been done.

EURJPY, GBPJPY GBPUSD all powering away to multiple targets the lagger for the day is AUDJPY but still with potential for further movement. Given time of day its unlikely that they could be reached. I also might have to wait overnight with AJ before those targets get hit.

All in all a lovely days trading very pain free early quick moves to get things going and adding to the pip count for the week which is now ridiculously more than 2000 pips in total and counting.

Enjoy

Phil

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GBPJPY hitting third and final swing trade target at +210 pips.



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Phil Newton's picture

FurQuad | 10 May '10 | Standard TA inerpretation & expectation of movement

Hi Folks,

In this video I'm taking a quick look at what is on offer to me this afternoon working through some expectation of movement to give me an idea of what price could do and where price might get to should it start to move.

Enjoy

Phil

Watch this video!