Tips & general help to make you a better trader by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Compare up to 22 different pairs at the same time, detach them, move them around, see them full screen size... and much more!
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 31st Edition
by Wayne McDonell
December 05, 12:30 GMT
Register for the webinar
Hi Floks,
I hope you dont mind me being a little lazy with this post as I didnt have time to post each item in real time as I did on my own website.
But there is a good video and a nice running commentary of some trades on the video and static charts of the late evening trades that developed on the pairs I have been trading today.
Enjoy
Phil
Hi Folks,
Looking forward to Mondays trading and the week ahead as always. Thinking about the scenario’s that could unfold for me and thinking about a plan of action to trade those scenarios based on my trading plan.
Enjoy
Phil
Hi Folks,
Slightly shorter than normal week for me so I’m looking to wrap things up today.
Earlier in the week, on Sunday night, I took a look at the markets to assess the charts for the day and week ahead. I answered my usual 3 basic questions to assess conditions and think about scenarios that could unfold so that when or if those scenarios developed I had a course of action that I could execute based on my regular trading plan.
In this video I look back at what was mentioned on that video and see the out come of that analysis both the good trades and the bad trades that developed for me.
I hope you enjoyed some equal success
Enjoy
Phil
Hi Folks,
In the following video we can see the follow up trades that resulted in Sunday nights analysis with plenty of advance warning for me as to what was going to happen based on planning for some simple scenarios. IF those scenarios developed I had a plan of action to execute in relation to my preferred entry methods which is Asian range break outs and Fibonacci retracement set ups.
Hope you all got a piece of the action
Enjoy
Phil
Hi Folks,
Sunday night as I’m typing this and I’m just getting myself ready for tomorrows trading and thinking about the scenario’s that could unfold for me and as always using the 3 basic questions to assist with this and keep me on the right track.
Deal with the facts first and then think how I can apply my entry method and money management tactics to ensure that I get the most out of whats on offer.
Enjoy
Phil
Hi Folks,
A short video highlighting my plan for the coming day (Friday) I’ve only focused on GBPUSD EURUSD GBPJPY and EURJPY but the plan is pretty much the same for any cross rate that you look at.
Identify the trend direction and look to sell the rallies in a down trend and buy the dips in an up trend. How can I do this, well I can use my entry patterns and money management to ensure gains from the set ups with Asian range break outs (a rare site at the moment) or Fibonacci set ups which seem to be the pattern of choice with the current market volatility
Enjoy the video
Enjoy
Phil
Hi Folks,
Today’s video follows on from the last video. Plan the trade and trade the plan. Patience for the set ups was certainly worth waiting for for the JPY trade and a little bit of a shame on the cadjpy trade as I was on it but just never gave me a re-entry opportunity.
On this video I show once again trading with the trend on gbpusd which as I type has now finally hit its scale out target so will not cost me anything other than time invested in the trade.
Its the same old stuff as always, follow the three basic questions, develop a plan of action around what is ACTUALLY happening on the charts and not what you think is happening. then wait, wait and wait a little more for conditions to be right before executing the plan of action
Enjoy
Phil
Today’s Forex Video showing some of the bias changes that are currently developing and how my plan is going to revolve around some of the movements that we are seeing… I also go through part of the last of the 3 basic questions to visualise how the charts could unfold for me going into tomorrows session in relation to my trading plan.. in short I have the basis covered and I now just need to see those scenarios unfold for me.
Enjoy
Phil
Hi Folks,
Today’s video follows on from the last video about bias changes which have now triggered on most of the cross rates I look at.
Also taking a look at what I’m looking at from a trade set up point of view for the day ahead
Enjoy
Phil
Hi Folks,
First video back from a short break, not a complete break just been taking it easy on the work load front.
So to start off with a short video on the 240 min directional bias’s that I’m using to dictate the trading direction for the trading day ahead. As you will see on the video there are some potential direction changes once again and this is now really highlighting some indecision after some rather larger market movements over the last several weeks.
