The video highlights how I short listed the pairs that I’m currently trading in the Live Trading Room

Happy Trading

Phil

Additionally I’ll be taking an official break from doing a blog due to other work commitments

It seems like roadworks are being done in the FX Market this week with several blockages expected and a diversion is certainly needed.

Is the quiet week so far surprising or as expected? As we have been talking about in the LTR this week so far this week is playing out as expected. multi 10cent+ moves over the last few week and coming into the month end and start of new month with a few big figures out at the end of the week (NFP)

As there have been such big moves I expected there to be not too much action for the first part of this week and the start of the new month on Thursday could see some money flow ahead of NFP and failing that perhaps and eary move on Friday.

Until then it really is sit on hand and wait for the set ups to develop which are taking an eternity to develop once again, that is if they set up at all.

keep the faith

Phil

Been a few weeks since Ive posted a blog entry due to a short vacation away and boy did I need a break away to recharge my batteries.

Anyways, I’m back in the saddle and I’ll get some regular posts back on the blog when something starts to look interesting. Charts do look a little messy and choppy this week. most likely due to end of month and NFP on Friday, and not to forget the multiple 10cent+ moves Ive missed while on my break away… ah well always another day!

So with that in mind I’ll be starting my presentations again today at the usual time in the usual place

http://www.fxstreet.com/search/contributors/authors/author.aspx?id=27ba7b24-e6e4-4b8b-9443-2457d23752c6

see you all there

Phil

We had another great session and after a few technical hitches it was recorded and should be on site later in the day/week and I’ll pop the link up as soon as its done.

I’d also like to do a little self promotion as I still have a few places in my own daily training / trading room that are still available.

I will be closing new members off at the end of the week regardless of if these places are taken.

As FXStreet.com readers you can get the first two months at a 50% discount to the normal subscription.

FX Street Members Discount to my Daily Live Training Room

Recorded session link

Please feel free to contact me if you have any questions about toady’s session or the training room.

Kind regards

Phil

Sponsored by 
Type: Webinar

Register for this Session

Expert: Phil Newton, Developer of Trading Strategies at Trading Strategies.info
Moderator: Maud Gilson
Start: Wed, Aug 12 2009, 10:00 GMT
End: Wed, Aug 12 2009, 10:45 GMT
Participants: 23 pre-registered participants

There are still a few cross rates need to play catch up and they might start to pick up pace as we head into the final furlong

still looking for some break out trades and locking in some good profits now on the early GBPUSD and GBPJPY trades.

Not bad at all by the days end and there is still a photo Finnish to consider

Hope you all had a good days trading

Phil

OK not much life I grant you that today but life non the less… just enough to fill a petri dish

EURJPY, CADJPY Break outs, waiting for scale out targets

GBPJPY GBPUSD new lows and ATM has started

Still waiting for other cross rates to hit my trigger levels

GBPJPY finally scaled out and on a free run… looking for 65% ATR to lock in some pips with ATM method

Weekend crystal ball thinking about some scenario’s for Mondays trading session. The charts looking pretty interesting again for the start of the trading week and I’m hoping to see the week start with a bang again similar to the start of last week.

Could be pretty interesting now that we have the last round of major news items out the way and has clearly triggered some movement already… just need to see if I get any follow through.

Scenario’s planned for on the video again relative to my trading plan and will need to update those views slightly on new information.

Happy Trading

Phil

Euro and Swissy showing aggressive range reversal set ups and conservative entries just about to set up but not triggered yet. break outs are also still an option here. Although given the time of day doubtful we will see too much movement ahead of tomorrows NFP release.

The only other pair that is setting up for me is EURJPY with a break out.. so far one break even trade and looking for a re-entry.

3 trades so far today 1 stopped out for BE 2 open and managed to break even so the only thing I’m loosing so far today is my time invested in these trades, and to be quite frank I didn’t really expect anything to set up at all today.

Most likely I will see price continue to bounce of current S/R levels until post new tomorrow.

Not banking any profits (at least not yet) but at least I’m certain not to loose any money today.