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DislikedZack is currently documenting his system and plans to post it on this thread in the near future. My guess is he is trying to make it as thorough as possible in order to reduce having to repeatedly explain every little detail.
It is apparent to me that Zack doesn't just rely on technical analysis only. He is paying attention to global economics and its impact on currencies. It makes me wonder if his system is strictly mechanical, because it appears he utilizes his intuition or feel for the price action. From my experience, the traders with this kind of intuition are in the elite few who can make a living as a trader. Lots of people can look at the same E/J chart with the same trendlines and indicators, but for most it is still difficult to understand what it is telling you about the next 15 minutes in real-time. It's like Larry Bird was in basketball, or Wayne Gretzky in hockey, they just see the game differently than most everyone else. (may lose meaning outside North America)
Like you, I'm looking forward to Zack's "Trading Manual" and the hope I can see the game the way he does.Ignored
DislikedI would subscribe to Spikey's opininion that Zack is one of the elite few. I had contact with him here and by other channels, and he seems to be making money whichever way the market is twisting...
I personally can only aspire to stuff like that - and thank him for his selfless dedication in educating guys like me who are not part of that thin elite... so karma to Zack, and am waiting for the written guide, like the rest of us.
Fat pips to all
TeoIgnored
DislikedI agree with you guys, Zack is one of the elite, the man is mustard, i can understand morse point of view about wanting to know the total ins and outs, reasons etc of Zacks trading style, but like you guys say somethings just cant be taught, some special people can see things from outside the box that us mere mortals cant, respect to all
i'm in the uk and yes i do know who gretzky is, another legend
Respect
TomIgnored
DislikedGuys, Zack is very good. Just by learning his Hedging Method, my trading improves a lot. I couldn't imagine if I could learn his other approaches to the market.
But what I admire him the most is his willingness to help other traders and share his knowledge. And he deserves my other thumb
Sorry Zack, no foot thumb icons otherwise I'll give them to you too :
HenryIgnored
DislikedZack thanks got those emails although never was able to place orders as sleeping ! am on UK timeIgnored
DislikedClosed G/Y short from 199.42 at 197.25.
Now long at 197.20, T/P 198.00. S/L 196.70.
Seem to have a lot in common with our trades
Keep up the great work !Ignored
DislikedGood to hear, remember after 198.00 we are looking for a new place to sell in this downtrend. However we need to have a clear sign of down again to get the best price, I see a pattern forming, and this retrace would be the final leg of it....I personally see above 199.00 but nothing is for sure.
ZackIgnored
DislikedHi Zack,
I went long GBPJYP @ 197.38 watching doesn't look to strong....Ignored
DislikedMorse I know, this is also why I said use low $ per pip. It's a counter trend trade. It will range for a while but we should see 198-199 before we have the next major move down.
Don't rush the market. Thats all I can say, its moved a lot since open so you might be expecting it to just take off...let it do what it needs to do.
Zack
PS I might be just setting a pending order to short GBP/JPY.....will let you know if I do.Ignored