Strategies, Systems & Indicators

[sanjoy_roy]

All,

Don't know if I should ask it here on in some other thread but given the fact that this one of the most active I am posting my query here.

I demo trade with Fxcentral. They charge commission of $24 for 1 standard lot.

Is it the norm with all brokers in Live trading too?

$24 means a dent of 2.4 pips plus spread of 1-5 pips so we are down 3-7 pips the moment we take a trade. Am I assessing it correct?

Looking forward to replies.

Thanks,
Sanjoy

 

[ag_fx]

All,

Don't know if I should ask it here on in some other thread but given the fact that this one of the most active I am posting my query here.

I demo trade with Fxcentral. They charge commission of $24 for 1 standard lot.

Is it the norm with all brokers in Live trading too?

$24 means a dent of 2.4 pips plus spread of 1-5 pips so we are down 3-7 pips the moment we take a trade. Am I assessing it correct?

Looking forward to replies.

Thanks,
Sanjoy

Yes you are correct. FXcentral has one of the highest commission structure in ECN broker arena.

 

[laluji]

hey Ed,

The month is coming to an end and I know your indicators will expire once again.. So instead of all this holy grail hunters filling two pages full of 'Lazy boy is not working please help' and thus filling our mail boxes, why don't you simply upload the system with further extensions and announce here.


I have one request why don't you just stop or delay extending the working of your lazy boy system for a week or two, by this time I will increase my fan following (read foe following) at my thread.

I plan to teach Wilder's theory of Delta, Moon affecting the markets and how to know what the markets will do depending upon the moons cycle.
For this I need complete concentration from people (not the newbies) and having your thread closed for a few weeks will increase traffic and concentration to my new system. Please consider this. I can't request Bloody Anna (to be proved) to take a break, and having known you to be such a softie, I am sure you will oblige.

Please don't take this as a joke, I am seriously requesting..

 

[biswajit2040]

GBP-JPY ,30 mins TF

Uploaded with ImageShack.us

1)Candle at which "Note this candle" is marked a bearish is crossover was about to occur;but it bounced back? Rather it looks like a bullish crossover
Will it be counted as bullish crossover?

2)Crossovers happen less frequently.Suppose a bullish crossover happens,then you get confirmation green arrow signal you enter.Next a red arrow occurs.We may choose to exit. But after that again a green arrow flashes. what to do there?

3)Is there any trading opportunity in this TF?

 

[biswajit2040]

Uploaded with ImageShack.us

Was there any trading opportunity here?
Actually,my doubt is opportunity of trading exists only for the candle next to trigger candle?If that fails.then no trading whatsoever??
Suppose,candle next to trigger candle fails; but a candle after 2-3 bars satisfy our 3 pips rule(no signals occur in between);then what to do?

 

[Edward]

Thats' not the scenario...

Looks like we have to compile all the important posts here and make a pdf... that's the only option available...

If the very next candle does not break the high or low, it's fine we wait for the second candle to break the first candle or the trigger candle's high or low, whichever is lesser to buy or higher to short, in short whichever gives us a better opportunity... but I also have noted one thing that if 3rd or 4th candle fails to break the high or low, that means in majority cases, that the market has no intention of going up or down.... though sometimes you see some splendid breakouts...

Do one thing Biswajit and others who have doubts, "go to www.traderji.com/forex " the main page, and there where you see all the threads, click on the no. of replies, for this thread it is 486 or something.. once you click on it, you will get the segregated posts by each user Id... then go through each post that I have posted, that way you would have atleast read my observations, if not all other contributing members observation, which includes Sunny, Raghav, VSSOMA, Ankit, Madhav, Sumitjoshi and many more..

Laluji, I presume was joking, and his joke has cost him dearly as his thread is closed by the moderators. So lets keep rocking and making big profits in the coming weeks.

Uploaded with ImageShack.us

Was there any trading opportunity here?
Actually,my doubt is opportunity of trading exists only for the candle next to trigger candle?If that fails.then no trading whatsoever??
Suppose,candle next to trigger candle fails; but a candle after 2-3 bars satisfy our 3 pips rule(no signals occur in between);then what to do?

 

[Sh3v4]

Maybe I found new rule.....or not.....
23/7-2010

The ADX that I marked is when the EUR market open(New york haven't open yet)...

There's a rule said that if the ADX's blue line still above 22.0000, we can open a trade safely, but there's 2 condition:
1) Look at the picture above, the blue line is aiming above horizontal line, and above 22.0000 line...
My opinion is: It'll be a nice trend, and if u open a trade, hold it till the blue line aiming below horizontal line and u can close the trade...And I got 82 pips from max 90++ pips from that trade...

Then...
28/7-2010

This's when EUR market open too...

2) The ADX's blue line is aiming below horizontal line, and above 22.0000 line...
My opinion is: Be a scalper, play with lower TF as u like.....
I don't open a trade coz I'm not really good ad scalping

If I have mistaken, just reply ur critics, I'll accept it gratefully...

 

[Edward]

Sh3v4, first of all thanks a lot for the good report that you are sharing... You are making profits and consistently... you made my dad bro... everyday I come online with an expectation to see someone succeed and make profit through lazy boy... can't express my happiness at your success in words... so keep up the good work.

The beauty of technical analysis lies in the varied interpretations... but not sacrificing the Objectivity of the system. what you have noted is right , when the adx is rising and showing an upward trend , no doubt the momentum, participation , call it whatever rises too.... if you had seen in the first example, after the uptrend for adx is over, the market plunges and with some momentum, even when adx is going down...

we can conclude that, when adx is rising, the momentum rises, but when adx is going down above the 22, it does not make much of a difference....

Lets watch this , without the final conclusion and see hw it behaves in the coming days so that we can identify big profit yielding trades trhough adx...

Request others to comment and give your observations here... take care and keep making profits..

Maybe I found new rule.....or not.....
23/7-2010

The ADX that I marked is when the EUR market open(New york haven't open yet)...

There's a rule said that if the ADX's blue line still above 22.0000, we can open a trade safely, but there's 2 condition:
1) Look at the picture above, the blue line is aiming above horizontal line, and above 22.0000 line...
My opinion is: It'll be a nice trend, and if u open a trade, hold it till the blue line aiming below horizontal line and u can close the trade...And I got 82 pips from max 90++ pips from that trade...

Then...
28/7-2010

This's when EUR market open too...

2) The ADX's blue line is aiming below horizontal line, and above 22.0000 line...
My opinion is: Be a scalper, play with lower TF as u like.....
I don't open a trade coz I'm not really good ad scalping

If I have mistaken, just reply ur critics, I'll accept it gratefully...

 

[Edward]

Further to what Ankit has added, i would like all new comers to keep an eye on the dashboard ... traffic light signals in our Lazy boy system. You will find the current spread displayed tehre.. it is dynamic and changes... almost all brokers other than the ECN class, have a range of spread and not a fixed spread.. what they advertise in their websites, is seldom the case, no body gives us .8 pip spread on eurousd consistently.

So don't be penny wise and pound foolish in choosing the brokers... do your due diligence...

All,

Don't know if I should ask it here on in some other thread but given the fact that this one of the most active I am posting my query here.

I demo trade with Fxcentral. They charge commission of $24 for 1 standard lot.

Is it the norm with all brokers in Live trading too?

$24 means a dent of 2.4 pips plus spread of 1-5 pips so we are down 3-7 pips the moment we take a trade. Am I assessing it correct?

Looking forward to replies.

Thanks,
Sanjoy

 

[Edward]

Time to show some Skills

because of this thread I have come to know few very good people all across the country and some from different nations.

From Holy grail hunters, to absolute newbies, and it really is a fun to know so many people....

Sumitjoshi, our teen forex trading hero is one of my favorites... His ability to pick up signals from lazy boy system is amazing and very accurate. Because of his passion & devotion for forex trading, I am planning to train him personally in the coming weeks at least for a month...

I think it is high time for Sumit to start posting his live calls here... so that we can all discuss and learn... My engagements keeps me busy and bit tied up to post calls here. I think this idea will help all who are strugggling to understand how to pick the signals.

So, Sumit, it's a request from all of us, start posting your live calls here... just tell us when you are going long and which pair... this way all we question you for the logic and all will learn... I know you can do it... so lets rock....

People who agree with me may post their comments and ideas for this initiative, and monday onwards we run a live trading room in TJ, what say?