Article Member Profile: Newtron Bomb

T2W Bot

Staff member
1,427 46
My Background I’ve been trading full time since 2000 when I was 23. Prior to that, I had been dabbling since I was 15.
I was hand drawing charts between other distractions of any teenager and placed my first ‘trade’ 3 days after my 18th birthday. I purchased some shares outright and got a nice pretty certificate through the post. The shares were bought at £0.54. Looking back, I was most likely suffering from very minor panic attacks daily as the price went from £0.54 to £0.48 almost immediately. Maybe two weeks later it was £0.58 – then £0.61. When it went past £0.70 – I was in a different type of panic.
The next few months were fitful and I don’t recall sleeping or doing anything other than rushing home from college to phone my broker (pre internet days). Eventually, I caved at £1.12 and closed out using a complicated system most likely involving levers and pulleys. A pigeon may have also been involved. I was filled at £1.09. That’s when it became real and that’s when I...
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ffsear

Experienced member
1,923 351
Nice!

Great interview Phil.

One thing, I'd be intrestted to know as to why you think "the forex ship has sailed" ? How do you think the markets have changed since you traded them?
 

NVP

Legendary member
36,278 1,787
Thanks phil......some very interesting points from a seasoned veteran
 

Newtron Bomb

Experienced member
1,602 86
Great interview Phil.

One thing, I'd be intrestted to know as to why you think "the forex ship has sailed" ? How do you think the markets have changed since you traded them?
Thanks for your comments

The short answer is that the volatility is less than it was 10-years ago and I think there is more volatility elsewhere at the moment

These things are all cyclical and no doubt FX will be hot again - As traders or short term active investors - you want to trade what is moving and there are things moving further and faster by comparison

Im also looking for the next opportunity for the next decade and not trying to trade the death throes of the last decades hot button

There really is no single quick answer to this :(

If flipping beanie bears was the best use of my time and resources - thats what would be doing
 

NVP

Legendary member
36,278 1,787
Thanks for your comments

The short answer is that the volatility is less than it was 10-years ago and I think there is more volatility elsewhere at the moment

These things are all cyclical and no doubt FX will be hot again - As traders or short term active investors - you want to trade what is moving and there are things moving further and faster by comparison

Im also looking for the next opportunity for the next decade and not trying to trade the death throes of the last decades hot button

There really is no single quick answer to this :(

If flipping beanie bears was the best use of my time and resources - thats what would be doing
so where are you trading now ? ........:sneaky:
 

metrader

Experienced member
1,146 141
What happened to that 'First signal of the week' fx system? You may remember me – I was that annoying guy taking pictures at your presentation @ Holiday Inn – Heathrow (Alan invited me – I think it was in Dec 2009). Has it stopped working in 2010? Do you trade FX at all nowadays?

BTW Great interview
 

piphoe

Legendary member
10,038 194
the souless mathematicians have usurped the markets..about 2007 circa

they don't care..it's just another equation to solve to them :|

then they move on to another math adventure

grinding everything down to a razor's edge stat
 

Newtron Bomb

Experienced member
1,602 86
What happened to that 'First signal of the week' fx system? You may remember me – I was that annoying guy taking pictures at your presentation @ Holiday Inn – Heathrow (Alan invited me – I think it was in Dec 2009). Has it stopped working in 2010? Do you trade FX at all nowadays?

BTW Great interview
Ahoy there - Actually I do recall that well :)

The philosophy behind that strategy still works and I still use it today mainly on index futures