Palmer, Today I want to do some back testing on the 4H charts to see how breakouts play the best on the majors (especially the EURUSD). When the 8 and 21 lay flat and then are touching and intertwining each other. Then the 89 gets involved in the ...

4 Hour Strategy (MACD)

Thanks Jaroo. I have tightened up my stop losses, set a few into the profit zone. Maybe not the best method, but their could be upcoming resistence towards all GBPUSD, GBPJPY, and AUDUSD. Of all four tradse the EURCHF looked the best. So I will hold ...

james16 Chart Thread

I put in trades on the daily charts for the following pairs... GBPUSD - Pinbar with trend. Limit Short at 1.4860. AUDUSD - BEOB with trend. Limit Short at .6315. GBPJPY - BEOB with trend. Limit Short at 142.22. EURCHF - Pinbar with trend at 50% ...

james16 Chart Thread

Looks like we might have a Pin Bar forming on the GBPUSD Daily charts, with the trend. With the previous congestion, this is not an A trade but might be worth a few pips if it breaks.

james16 Chart Thread

Breakout rules — I just want to double check, after we had some break out moves that then retraced strongly back into the consolidation area. The breakout rule is that price will break out of the consolidation area, then come back and touch ...

4 Hour Strategy (MACD)

Many will recommend you read through the thread, there are no definded terms for what is A, B, C, etc. It is all discretionary. But, I would also recommend you go to the James16 site and go to Guests. There are some very high quality vidoes there ...

james16 Chart Thread

Ryan has said that he uses Oanda and DBFX. I don't know how much he actually keeps in his brokerage accounts. I am guessing he limits the amount, so that if they go under, he doesn't lose his entire nest egg. He does have enough to trade full time ...

james16 Chart Thread

I took the GBPUSD long, as the Counter trend looked good. Good PA bars, no close resistence, break out of triangle, higher low. I got 25 pips at 500 Units (Oanda), but it didn't go very smooth. My Limit Order then closed out with a 40 pip loss at ...

4 Hour Strategy (MACD)

Thanks Mike! I can't wait to get caught up enough with my life to join the PF. I learn a lot here, but the main reason I don't join is lack of time to put it to use. I loved your video on the preview part.

james16 Chart Thread

I was just going to ask myself. I can't decide, would love to hear if anyone will hold these daily set-ups that have not triggered over the weekend (Limit Orders), or if you will pull back and wait until next Monday to decide.

james16 Chart Thread

Oh my goodness, LOL. I forget about the standard MT4 tools. Thanks Palmer.

4 Hour Strategy (MACD)

Palmer, I cannot find the ADX indicator on the FXTradeBlog website. Is it on there, or do you know where to find it quickly. I would love to start testing the indicator on the 1 hour. Thanks!

4 Hour Strategy (MACD)

Did anyone take the TC trades this morning on the EURUSD or the GBPUSD? I took the EURUSD, but I got out after only +15 pips. I didn't like the candle set-up and then I didn't like the 1.2500 number sitting right in the middle of my target profit. I ...

4 Hour Strategy (MACD)

Hookem, I passed on this trade due to the volatility of the GBP interest rate announcement this morning, and then the news out tomorrow morning, and then mix with the time of day. Best of luck, maybe I am being too conservative.

4 Hour Strategy (MACD)

Great to hear you are doing well Ryan! I still look over the 5 minute charts, especially on the 4 mornings I get up early enough to put it to use. I have not built enough confidence to put a trade down on it yet, but it is coming.

james16 Chart Thread

Good call Ghous. I played this conservatively, due to the higher low before the pin. I put in a limit order for the break of the pin, with my 1st target profit of only 20 pips. Put me in a free trade fast and see if rides out.

james16 Chart Thread

Can someone point me to where the "R-db setup" is explained? Maybe it is only on the PF, and if so, that is cool, I have plenty to learn first. I am guessing it stands for Retrace Double Bar.

james16 Chart Thread

I am not here to advertise, because I certainly don't get paid for it, but I use Oanda. As with all brokers, Oanda has its ups and downs. But you get to trade a "unit" size, so you can trade almost any specific dollar amount that is allowed with ...

4 Hour Strategy (MACD)

Palmer, thank you for your insight. Could you briefly explain why you like the current look of the USDJPY chart better than the EURUSD?

4 Hour Strategy (MACD)

Yes, often what I do is I want to win on my trade (I am new, so I am building my confidence and trying to build my account with conservative plays)... Limit Order #1) Break of Pin by 12.5% of the length of the Pin. TP at some reasonable PPZ or at a ...

james16 Chart Thread