Is anyone interested in the Pin bar/double top formed on the daily EURUSD?

james16 Chart Thread

Very interestng, thank you for sharing! I thought about taking the USDJPY long on the close of a very bullish 4hour candle on a possible move to the 89 EMA. But I chickened out, something didn't feel right. I would have been stopped out by now. It ...

4 Hour Strategy (MACD)

I guess most everyone was expecting the US Fed to cut interest rates a full point, but instead they only cut .75. Interesting.

4 Hour Strategy (MACD)

Mike, I think you went short on the EURUSD. What made you decide to go short on this pair at this time?

4 Hour Strategy (MACD)

The reason I didn't take the trade was due to the news on the USD this morning added with the fact I believe the USDCHF is close to an all time low. Other than that, it looks like a good set-up.

4 Hour Strategy (MACD)

Agreed. When I take the same trade as Phillip, I am beaming with pride. When I don't, and then post on this forum, Phillip always explains why he didn't take the trade I took, and I learn a ton. Phillip your work is amazing!

4 Hour Strategy (MACD)

USDCAD? I considered, but I passed because this pair has been sporatic this week, and the 8 and 21 EMA's are all crossed up. I am temped to take it after this 4 hour bar closes, if it stays in the negative MACD (Zero Cross), but I would only expect ...

4 Hour Strategy (MACD)

I try to read on the James16 thread at least once a week, just to refresh my memory and build confidence in the price action method. I only have used the James16 on the Daily and Weekly charts, using only Pin Bars, and BUOB and BEOB. How are your ...

4 Hour Strategy (MACD)

AUDUSD and NZDUSD both gave TC's, but I will wait to see if they retrace before I consider entering.

4 Hour Strategy (MACD)

Ryan, I am interested in the tail situation as well. If you can report back on anything you find, it would be of great use. I have been looking over it myself on the 4H charts. In the past I got burned by a long tail. Everything set-up correctly, ...

4 Hour Strategy (MACD)

I believe you entered based off of possible bar formation on the 4H, but you entered early on the 1H chart, correct? If so, I would recommend just sticking to the 4H chart and remaining patient. Many of the best traders here go days, even a few ...

4 Hour Strategy (MACD)

I am having problems with MT4. Is anyone else having connection problems to an MT4 demo account? I think the server might be down, I will wait and see if it comes back up tonight. I have MT4 on my lap top and my desktop at work. The MT4 on my ...

4 Hour Strategy (MACD)

Got up at 5 AM, as always, to check the markets. The GBPUSD set up a nice TC on my charts. I don't have a long tail to the top that is being discussed here. The 89 was well within reach, so I took the TC. Right now, I am still in the trade, but the ...

4 Hour Strategy (MACD)

Good call, there was no TC on the USDCHF, I got too excited with the bounce off of the 200 MA and expected a move towards the 89 MA. Bad trade on my part, but I will hold for a scalp opportunity.

4 Hour Strategy (MACD)

I didn't take the TC on the USDCAD, because of the previous noise (last few days of trading all sorts of indecision) and then I though we might get a move back to the 89 before coming down. I missed a good TC trade, good work hijack! I did take a TC ...

4 Hour Strategy (MACD)

My goodness the Forex markets are flat. Maybe you could scalp for a few pips here and there. Even pivot point trading looks to be of little use. What in the world is keeping the market so flat?

4 Hour Strategy (MACD)

Hello all! I have not participated much this week. I did not see many good trades set-up using the 4 hour system. There may have been some good early 1H entries, but I am not comfortable enough to try to trade based on the 1H charts. The one good ...

4 Hour Strategy (MACD)

Eric, my charts look exactly like yours (same closing times I believe), but your v104 MACD is giving different signals than my v103 MACD. Did you change the speed of the MACD? I am staying out with all the news tomorrow (GBP, USD, etc.). I am going ...

4 Hour Strategy (MACD)

"Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL" No way! Really?

4 Hour Strategy (MACD)

Ryan, I appreciate it. So far I have almost only posted my losses here. I wanted to learn what I did wrong. Overall, after 3 months of trading live, I am at about break even. Thanks to interest payments, I have made a little, LOL. I will post both ...

4 Hour Strategy (MACD)