Thank you DXTrade, I had it backwards then. I need to read up on the divergences again, so much to learn, but even more to remember.

4 Hour Strategy (MACD)

Jim it is exciting to read someone so interested and motivated, thank you for all your share. What I posted about the price being a higher high, but the MACD being lower high, meaning there is more momentum to take price even higher, is just what I ...

4 Hour Strategy (MACD)

Jim, do you normally play the MACD divergence, and if so, how do you play it? The MACD is not as high, but the price is higher than the recent MACD high. So I am thinking there is enough momentum to send price even higher. Is this how you would play ...

4 Hour Strategy (MACD)

More USD news tomorrow? Really? I guess I will keep sitting tight then. I don't get a financial radio station, and I was not certain if it would be a big annoucement or not. Thank you!

4 Hour Strategy (MACD)

Yes, you are correct Palmer, and I am only paper trading at this point. When will the fed announcing, I am waiting on pins and needles over here?

4 Hour Strategy (MACD)

I was going to take the JPYUSD long, but held off due to the fed announcement. GRRRR.

4 Hour Strategy (MACD)

Pips, thank you, I read that twice to make certain I have it in my head. Wow, great share!

4 Hour Strategy (MACD)

Good share Tiki. Something I have never noticed myself.

james16 Chart Thread

Using this method you made 300 Pips off of only 6 trades (on the 4 hour charts) for the whole month? Damn!

4 Hour Strategy (MACD)

I see a Pin Bar formed a few candles back on the 4 hour GDPUSD at a recent high. Along with a Rounded Top. The price has moved back to the 8 EMA. I am interested to see if this breaks out on a Friday or not. Thoughts?

4 Hour Strategy (MACD)

Damn, I set my stop at 1.3350 (the top of the previous recent high) and my target was 1.3300 when price was at 1.3330. I had considered taking a second trade as a buy at 1.3350, thinking that if it could break previous highs it could go a ways up. ...

4 Hour Strategy (MACD)

Damn, I took a 20 Pip loss (paper trading only) last night in the EURUSD. I thought it was bouncing off of recent resistence and going to come down to a trend line I had drawn. I set the stop loss right above the recent high, and the MACD was at the ...

4 Hour Strategy (MACD)

Good share late at night fellas. If only I could find a way to not have to sleep. I paper traded short the EURUSD based on a bounce off of what appeared resistence. I was not certain, but I wanted to track this trade to see where it goes. With real ...

4 Hour Strategy (MACD)

Phil posted his daily strategy the same trade I took today. Exciting for me, than you Phil!

4 Hour Strategy (MACD)

Whoo hooo, my hard work is paying off (well not financially, but at least my results are getting better). I looked over 8 Forex pairs last night, and decided there was only one trade forming. There were three potential trades that I would not have ...

4 Hour Strategy (MACD)

Nice Jim. I checked out the 15 minute chart on the USDCHF at 4:47 GMT (10:47 PM locally) and it looks like the move reversed right after you moved your stop. Good work.

4 Hour Strategy (MACD)

Thank you lcfxtrader. I am new to all this, so anything I can read up on the subject of trading is very interesting. Do you trade forex (in what I beleive the slang is "Bucket Shops") like Oanda, or do you trade Forex Futures? I believe "Spot Forex" ...

Forex Taxes

USA tax reporting Forex income — How is Forex income from trading reported to the IRS? I know you will get an income statement from your broker at the end of the year. If you make gains on your trading, is it taxed at an "income rate" or is it ...

Forex Taxes

What trading platform would you recommend for more acurate trendlines across various timeframes? Thanks

4 Hour Strategy (MACD)

Wow, pretty good Pin Bar, IMO (which doesn't carry much weight). Are you going to take this trade?

james16 Chart Thread