Quote:
Originally Posted by McForex
Looking over the three charts (4H) that Big Bear uses, the last true arrow signal I see is Aug. 16 and 17. There are several signals with the alert indicator (blue dot) but no arrow signals since then. My question is do either of you enter on the alert blue dot signals or do you wait for full confirmation from the arrow. It seems the alert is fairly good but the arrow seems to be better in the long run. Last week ther was no arrow hits that I saw but Forex11 reported some good trades.
If the arrow is the case it appears you wouldn't trigger a lot of trades (but if you wait for the arrow to get out you could be in a long time). Your help is greatly appreciated. I think this is a great system when used properly.
Thanks!
McForex
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Hey McForex,
I only trade with the arrow & zigzag. If I see an arrow & a zigzag on a 4hr chart, I go. Your right the last trades where on those days & if you closed at the bounce & where trading the E/J, U/J & G/J you would have a net gain of around 3150 pips in about 100 hours or about 4 days. Even with micros thats about $315 trading 1 micro each.
Forex11 likes the 1 hour I like the 4. Some people I speak with choose daily or even 15 minute. Its really up to you all how to trade this. I can only tell you what I do. When it comes to the GBP/JPY for example I dont care how long I am in if its long because I get a lot in swap. If its short I will keep an eye on the swap to be sure it does not eat away chunks of profit.
Good Luck & Get That C.R.E.A.M.
Bear-