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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 Snatch

FurQuad Snatch

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.



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



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



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



mids's picture

Mids blog | Week 2

End of week 2 in the LTR and lots learnt.



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caprica1's picture

Caprica1 FurQuad Snatch | EURJPY | Signal Overlap

Had a scenario this morning on EJ where I had 2 trade signals overlapping each other. Luckily Phil was on hand in the LTR to clarify the situation.

Basically what happened was an alt bc setup throught the short trigger and due to the positioning of the long short trigger levels, a new long trade then setup within the boundaries of the short trade.



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



mids's picture

Mids blog | Week 1

Just a quick review at the end of my first week in the live trading room. After spending the previous week learning the main strategy joining the trading room and observing how the trades are managed feels like good progress to get up to speed and also a chance to learn a lot of hint & tips on a variety of subjects.



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Phil Newton's picture

13 winning weeks in a row!

The proof of the pudding is in the eating as the saying goes.

After a rocky first week of the strategies roll out at the begging of March there have been 13 back to back winning weeks with the FurQuad Snatch strategy version.

This has got to be hands down my best strategy ever and is;

  1. 100% price action based - no fancy indicators
  2. 100% mechanical - Know exactly what, when and why to take action
  3. Most of all, Profitable

Like with all strategies there are periods of draw down and this strategy is no exception and has seen a few. What makes the difference is the lack of judgement needed and the mechanical nature of trade identification so that when price moves, I'm already on it.

The chart below shows the strategy performance in my Live Training Room where you can see in real time how I trade this strategy and deal with some of the ever changing market conditions.

FurQuad Snatch has a full and detailed strategy out line both text and video as well trade walkthroughs and trading tips to get the most out of this strategy and make it your own.

Click here if you cant see this image - 13 Winning weeks in a row!