Originally Posted by brokerbot

Zak you make me laugh you really do, i remember asking you if you would class the apex of a symmetrical triangle as support or resistance and you had to ask me what the apex was, now for someone who uses triangles in their trading not to know what the apex is says a lot about their grasp of technical analysis.

I felt embarressed for you because you never knew something so basic and refrained from asking you any other questions to save you any more embarrassment.

The whole strategy that you use here is flawed everything from your heiken ashi candles to your cci's which would be fair enough if it was all for free and your gang were not pimping your expensive monthly services behind closed doors.

I would hate to have a conversation with you about using technical analysis as you seem to find the basics difficult to grasp it seems.

Yes i did try to rejoin so that i could expose your lack of understanding in the live chat but you had obviously realised that i may do this so you would not let me rejoin....haha it is all fun.

Let us take a look at one part of your strategy...

You use Heiken Ashis candlesticks which puts you and all of your disciples at a disadvantage to traders that do not use them.

Why is this you ask ? well if you use Heiken ashis you cannot see the gaps on charts and gaps are one of the most important aspects in technical analysis and if you do not use them then you come under the category of an amateur and you are limiting your chances of success.

What about the cci indicators that you use ? well that is a story for another day........

I must point out that i was never a paid member of the fx500club i did check out a free seminar and after questioning the Fx crew on their methods and then seeing in my opinion their lack of understanding of technical analysis i never joined, i was never a paid member to begin with Zak so how could i have left.

Originally Posted by dznmrd

Hi, Im not against this strategy or somethin. But i have quit using heiken ashi candles because 90% of the forex traders don't use it and you spot on right it puts a person as a disadvantage, one being that heiken ashi are not price following candles. Good for trending markets, when it trends strongly. But the fact is the market doesn't trend strongly 80% of the time.

Id say a couple of MA's and price action is all a trader need to make his money.

BTW, ive been in the fx500club trading room a few month ago for 2 weeks using my friends membership login, just because he wanted me to try it out. It had been 2 weeks in the room and i couldn't make a profit so then i decided to quit (maybe i was going wrong somewhere). These guys are london traders and draw a triangle everyday waiting on the london breakout and trends, London breakouts have been a biatche lately.....