Strategies, Systems & Indicators

[Edward]

Hi Guys,

Sunny once more I will reiterate a point that I made quite frequently here... trading below 30 min is a mental trauma for me... so to comment on it, itself is difficult.

GBP pairs are again tough to trade in the beginning years of your trading career.... I have also made this point quite frequently. So I suggest people to begin with trading EuroJpy, EuroUsd and UsdJpy only.. in the beginnning stages.

The result is more or less the same that you have posted here for people trading below 30 mins. they slog the whole day and finally when they plan to sleep, they are more often than not at the same place where they started.

But the problem is..... trading is so exiting to people in the beginning stages that they still get some satisfaction after loosing...

Ask yourself a question folks here.... 'ARE we here to Trade or to make Money?... if it's trading... great go ahead... if it's making money then a lot of patience is needed at all levels...

Take care...
And Happy trading guys...

Hi Edward and friends. This week started afresh Lazy Boy On 5 min TF.But sad thing I could not achieve target of 200 pips in a week targeting only 5-10 pips per trade. traded only during evening so only few trades

Trades: 45.
No. of loosing trades: 14
winning: 31
$$ made:45
Biggest winnging: 26.5 $
Biggest loosing: 31.8 $

Mistakes:every loss trade in GBP/*** pairs takes 20-30 pips easily so its foolish to book 5 pip profit in GBP/*** pairs. these pairs can easily provide 15+ pips.so next time I would target higher in GBP/*** pairs.

In alphari demo spreads are very low so GBP/*** goes in profit immediate. but usually GBP/*** have 5-10 pips spread so upon enetring trade we would immidialtely in loss of 5-10 pip.

I would like Edward to give me some improvement tips.

 

[preetksgill]

 

[pav]

????????

 

[Edward]

Well done Sumit, I am glad you are doing fabulouos work with the Lazy Boy. ...

What about the other people here... post some charts and some statements... lets get started once again...

Regards
Edward G

 

[sumitdasjoshi]

what happend why this thread is not working is there any problem i have not see any post so far .

 

[sumitdasjoshi]

what happend why people are not posting in this thread and why you guys are not using lazzy boy i dont know am i the only one who is getting this kind of result or is it edword tell me some short of secret that i am getting this kind of result i dont no it you to deside so what you guys think with the result plz post if i am helping here by posting my result if it help you guys than i will post it otherwise i will not post my result and clutter this thrade. remember this is my 500$ acount.

 

[Sunny1]

Hi Sumit ,

How you are using this system, like what MM you are following, what profit booking strategy you are using and whatever else you are following of your own along with Lazy boy. this all would help to newbies.
And please keep posting results this also helps. How about posting your chart showing your entry and exit.

 

[Raghavacc]

what happend why this thread is not working is there any problem i have not see any post so far .

Hello Sumit,

Not at all. We all love Lazy Boy and its creator. As I mentioned earlier I was supposed to start Forex live by 2nd week of this month.However things took time and now I would like to fund my account by thursday .Thats called TIME!!.Further all these days I did face lot of issues with my broadband which is likely to be sorted out in a day or two. Now I operate from a remote area
( Earlier was in Bangalore) where I do not have choice except BSNL!!.

You are doing great. Do not stop.

Regards
Raghav

 

[rahulr]

Guys,

I recently came across this thread. I am absolute newbie to trading. But i am quite excited about it, opened a demo account with Alpari. Looking to trade and contribute further.

Thanks to Edward for sharing and guiding people.

 

[fxgood]

Though i am trading fx from considerable amount of time, am always interested in exploring new system and i will open a demo accct with fxcentral and try to follow this and another thought is, is it possible to make a EA out of this system is what we all need to explore and work further to save our precious time.