Hi Zack
Are you still in favour of shorts for GJ at these levels, are you in any?
Are you still in favour of shorts for GJ at these levels, are you in any?
Regards
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Dislikedwhen i complied it told me one error and when i tried attaching it to the chart,it did not come up.maybe u can direct me to where u copied it from.thanksIgnored
DislikedHi Zack
Are you still in favour of shorts for GJ at these levels, are you in any?Ignored
DislikedYes i am in favor of Shorts right now.....I am Short on G/J.
All of my indicators are pointing down, and we are in a resistance zone on the 4 hour chart. There is lots of news today. I suspect that we will be heading down for all of the US session today. If it spikes before then....I think that will be the only spike up....
That is my thought on it. I don't trade the news, but I know that many of you pay attention to it.
ZackIgnored
DislikedHi Everyone,
I think some of us need to take a deep breath and relax a little in here. I think this would be a great time to point out that Zack is on here to help us all. If you don't believe me read his motto "Traders helping Traders" hehe. :-) Zack doesn't have to help any of us on here at FF. He can decide to close this forum tomorrow, go on his merry-own way and we would all be lost. He doesn't have to explain why he makes the trades that he does, or even give us any signals at all. He takes his time to examine all his charts, read and answer all the postings, talk to people 1 on 1, emails, trades, and who knows what else, and he does this all for FREE, all for us. So if he doesn't have charts and explanations on every entry and exit or if your wondering why your 100 pip gain is now at a -50 pip loss and Zack never said to exit then I honestly do not know what to tell you. Instead of us demanding what Zack should do, lets show some gratitude on here. I would like to just say thank you Zack, thank you for taking your personal time to show us noobs a little of your expertise and knowledge. Thank you for making a formal decision to come on here every night and every day and to be able to post on here your indications on the current market. If you read his earlier posts he clearly talks on just some of his views of MM, and guess what you should follow it. You must be prepared to take DD at times. If you cant handle it stay out of the kitchen. All his trades are not going to go his way. And if it doesn't lets not crucify him. He is not here to baby sit anyone, he is here to help us on what he thinks of the current market situation. I am sorry, but doesn't have the holy grail. But if you read his posts and take into consideration everything he says and if you follow what he says and take into account what you think you can handle you might be off better then you were before. I can personally testify to this and I really doubt I'm the only one.
forexnoob101Ignored
DislikedI am sure Zach can speak for himself ! Nobody is crucifying him ( a bit dramatic), Zach has agreat system but I believe it is flawed on entry and exit levels, If we knew how his method worked I am sure that we could produce better entry's and exits this would benefit everyone. There is no point taking blind trades, this is not what this site is about! It is about helping and developing.....
Zack sorry mate if you feel I have had a go didn't mean to!!! I would just like to bring to the table some advice today is Rollover yes triple intrest, It would be hard to see why the GBPJYP would go down today as the interest would be lost......I might be wrong !Ignored
DislikedHi morse
There is a very strong trendline on the daily chart which should stop this rise in its tracks, the bad news is that it is at 204.50 area, another 100 pips or so away, It looks like going up to that area before a turn around
TomIgnored
DislikedZach we have now breached 203 and we are now some 400 pips against us, I think you are wrong on this!!!! I have hedged positions at 202.40...Ignored
DislikedI dont like to stay in trades long, I scalp alot and I like the us/jpy best of all, low spread and not a great risk, I make alot of pips on it so I tend to stick to what I know, I use a simple strategy 34sma and 3 ema and cci waiting for the cross and confirmation on cci, It works very well on several pairs and I am happy with it, I like this forum also, Zack is very knowledgeable and is great for pointers but I do like to understand how and why I am trading and not take tips to enter or exit and not know why
TomIgnored
DislikedHi, Ive been reading your journal from page 1 all the way up till march 14th or so. I liked reading your journal because you posted your active trades, pending trades, and your results. My question is why did you stop posting your results? I know things started looking bleak when the geppy took a dive but I didn't think it would be enough to wipe out your account. Are you still trading on that account if so could do another update to the overall win loss and pip count as well?Ignored
DislikedHi Tom,
Alot of people don't like scalping I myself Scalp alot when I can I believe it is the best way to make money and keep your account safe, I also position trade but the draw down is far higher so you use smaller lots this some times does not work to your advantage, using bigger lots scalping on smaller time frames can be profitable....Never tried the 34sma I will have look what TF do you use and cci thanks ......Ignored