We will do several things at the August Forex MeetUp.

First, we will update how the NFA is impacting our industry with the FIFO ruling. Currently, two out of the three forex clearing firms we use have moved their MetaTrader4 business off shore to the UK and Australia. So no matter what changes might be made, we do have an alternative plan.

Second, we will continue our study of the MACD and see how many innovative, out of the box ways we can use the indicator. If several people bring their laptops, we can break into small groups and actually look at real time charts and and then report back to the group towards the end of the meeting.

Please feel free to bring your creative MACD ideas to the meeting, so we can have a head start on the group work.

One idea might be to experiment with the length of the MACD settings. Another idea might be using technical patterns that are usually used on price (i.e. head and shoulders or double top/bottom, triangles, etc.) and use them on the MACD line(s). What other creative ideas can you come up with?

Even if you missed the MACD discussion in July, you'll still walk away from the August meeting with new ideas to assist your forex trading. In fact, if you'd like last month's notes, let me know and I'll send them to you.

Look for Red and White MeetUp signs in the lobby area behind the bar. I'm looking forward to seeing each of you!

My best to you,

Bill Jordan
[masked]
http://compassfx.com/...

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