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Range Break out, Range Reversal, Fibonacci Pull Back

Phil Newton's picture

Goin' Old Skool!

Here's one for all the Old Skool folks with a set up from way back in tha' day!

Sometimes there are times to;

bend rules

break rules

and drop a strategy in favour of another.

Today for me was such a day and a little retro Fib action. Sell those rallies...



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Phil Newton's picture

Forex Video | 19 Aug '09 | Analysis

Hi Folks,

Plan for the day is really simple for new trades today... ATR done waiting for Fibs to sell those rallies in a down trend.

keep the faith and be patient long wait could be ahead and I would expect early afternoon session before you might see any signs of them so go and do something interesting for at least the rest of the morning session.

Enjoy

Phil



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Phil Newton's picture

Forex Video | 18 Aug '09 | Analysis

Hi Folks,

Today's video showing what I'm looking for. Selling the rallies in a down trend. As I type this there has been a little bit of news out at 9:30 causing a little move up so I need to adjust the Fibs to the next previous days highs for my start points and I'll looking for an aggressive re-entry on GBP rates which are starting to develop.

Happy trading

Phil



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Phil Newton's picture

Forex Video | 11 Aug '09 | Analysis

Hi Folks,

Running pretty late with things so far today.. but better late than never.

Video highlight exactly what I'm looking at for today's trading set ups and managed to catch nice looking Live Fib set up with a bias change entry on AUDJPY. (As I'm typing this AJ scaled out for me woop free trade on)



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Phil Newton's picture

Forex Video | 29 June '09 | Analysis

Hi Folks,

Toady's video just looking at 2 cross rates (EURJPY and GBPUSD) which I'm doing for the next few days only in the LTR to allow me plenty of time to outline the new strategy set up in more detail.

Range trading and break outs covered on this short video



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Phil Newton's picture

New Strategy | Ding-a-ling-a-ding-dong | Trend, Counter Trend, and Range trading.

Hi Folks,

New Strategy video (its only temporary before it gets updated) is now available to view

Dingalingadingdong - http://www.trading-strategies.info/node/1538

Enjoy

Phil



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