Quote:
Originally Posted by bigbear3391
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-
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Thanks to both of you for your answers. It will help me in developing my strategy to use this system. I have played with it both ways and I can see advantages both ways. Thanks for your time and effort to show us all this strategy.
McForex
