Phil Newton's Break out Strategy

Great like it very informative

the details are very limited I doubt many people will be able to take anything from this. It is why so many people can't trade. Trade management was not mentioned. The assumption regarding price target was not based on anything statistically significant. There is not much here that I can say will give you a probabilistic advantage. Its a promotional tool to get people interested in easy money and most likely lured into paying for mediocre material

very informative. thanks.

i'm confused, on the chart the timescale below the asian range says 15:00 (3pm), shouldnt this be 23:00 (11pm)

Firstly depends where you are in the world and what times your broker uses. Secondly the range is based on price not time so a range can start before teh asian session and go on after the asian session has finnished... most commonly you will see a range through the asian session although recently there have been quite a few asian session trends

totally awesome

Correction the up move was 80 points from 1.5720-1.5800. But 80 points is $1,000 move and could have entered at 1.5710 and got another $125. Horizontal consolidation regions, this is 40pts hi/low, can break any direction and would not use a move out of this range alone to enter a trade.

A horizontal consolidation after a big up move is common. Best trade on that pattern was the 123 bottom up at 1.5720. to 1.5800, 180 pt up move. 80% of HR's after large up move will break out down. He got lucky in that he hit on a low percentage up move. Now some trader will play either way out of that. I will as well IF my indicator gives me solid hit in one direction. Basically, be a smart informed trade and know all the possibilities before you put your money on the line.

Excellent video.

What broker do you like?