Strategies, Systems & Indicators

[Edward]

Hi friends,

Here is the link for this month....
Forget about what others have to say, it's free for life time... as long as you guys come back and help others who are just starting like Rahul and others.

If people who have benefited from Lazy boy and all the discussions and inputs given by me and other veterans here.... then it is their moral responsibility to come back and help others who are in the infancy stage.

Life's circle is complete... if you are fed, you have to feed others too.. when you grow up...

As long as I see people interested in helping others... this thread goes on... and it's freeeeeee... doesnt matter if it appears in a brokers site or a broker appears in my site :lol: ... the bottom line is our top line and that is to help people trade forex successfully.

And people who are offended that they need to come back on 30th of each month... remember.. for all the efforts put in here by the active members... we guys at least deserve your hi's once in a while

This Lazy boy is free for traderji.com members lifetime... so guys go ahead and enjoy...

I am glad for Sumit, Raghav, Animedia, Madhav, Ashish , sunny and others who have focussed on Trading forex and understanding the markets through lazy boy and all the inputs in this thread.... May God bless you guys and make you a successful currency trader....

Keep rocking guys

Lazy Boy is now professional system

It says it is used by so many users.. It is popularized/advised here

Good things is we guys got to use it free.. How much time.. Well ED says for life time for trader ji

I trust him but the problem is.. each time it expired..we have to wait.. as its developed by ED..we should get it for lifetime.. as we guys have hand in popularizing it too..


Sample from excerpt on website:
The Free Version of Lazy boy system of Forex trading is the most popular system and most followed system of forex trading in the esteemed portal www.traderji.com/forex where many technical analysts, strategists and professional traders contribute to the community. Our thread on Lazy Boy has risen to all time no.2 of traderji.com in terms of no. of views and is no.1 in terms of no. of replies, all within the first two months

Read Here full:
http://forexkhan.com/forex_trading_system.php

No offenses to ED or Anyone or Followers as I am also using it with other indicators.


Just giving facts

Wait for ED for license renewal.. I can bet it will be not free for lifetime if its selling on some brokers website.

Thanks
Kaps

 

[Edward]

Tavnaz my dear friend....

The Price Actionist and the Technical Analysts are synonymous with the Spiritualist and the Materialist in terms of their belief systems and out look towards understanding the Trading....

I have emphasized so many times in the length and breadth of this thread about the importance of Money Management, Emotional Discipline, the TF as per your temparament and the time zone to trade.
Trust me the most successful student of all my lots are the ones who come with no prior research, knowledge or understanding of currency trading.. They come with an open mind and that's the main ingredient for success in forex as per me....
The important factors that I have already mentioned, when coupled with any system of analysis gives amazing results, if you have perseverance.

So now, I am out of this indicator maniacs as well as the price action puritans... now the systems that I have, gives me amazing results and I am satisfied.... and you will be baffled to see some of the statements... I am no more hunting for the holy grail... at all.... I do try few things that I read here and there.. but the frequency of doing that has also come down drastically...

The moment I start talking about the SR levels, the Pivots, the Fibs, the doji's, hammers and so on and so forth.... i will create more confusion that there already is in newbies....

I want to keep it... 1 - 2 - 3... and that's the main objective of this thread.... simple systems.. for anyone to understand.... with NO SUBJECTIVITY at all....
Look at Madhav's, Sumit's, Ashish's statment.... if one can get results like this... with a 1 - 2 - 3 simple logic, why to complicate it with jargons and objective theories...

here I can run you through the entire 3 months chart one by one taking all the signals generated by the Lazy boy, and trust me.. you will be in profit 80 percent of the time... but the moment I start discussing things which cannot be objectively stated... the entire purpose gets diluted...

Hope I am making some sense here.... anyways.... take care and God bless...
Just remember... it doesnt matter what you use as long as you are profiting and that too PEACEFULLY
happy trading guys

Dear Edward,
I've been really wanting to know about Price action Strategies you have been using.
I know that this thread is for Lazy boy system,but anything new will still help.:thumb:
I know you are a great man,but so far now my any question to you about Price action have been unanswered.
So kindly enlighten my soul with your exceptional knowledge of Price action with Indicators.
Indicator Price action Confluence(IPC) is i believe you are using,correct me if i am wrong,so please elaborate on the questions like S/R and Order Flows etc.
Regards
Tavnaz

 

[Edward]

Hey friends,

For people who are quite busy to keep a tab on when the candles are breaking the highs and the lows, I think I had an indi or an ea that will alert you or take a trade... can't remember it vividly.... but it's in my backup somewhere... so when I find it I will post it here...

I think that will help few of you guys.... just came to my mind so thought of sharing... will search it and post it here soon..

Fxgood,... tried converting this into an EA with a coders help sometimes back... looks like many practical problems popped up in the coding.. that's what he told me.... so lets wait.. till some coder comes to traderji...

 

[ashish1802]

Hi,,,thanks for the renewal of lazy boy system edward... Closing this 2nd month with profits...well not a performance to boast abt but still green closing on a monthly basis means much to me...

Another apprehensions though....Have been reading greatly about various brokers for trading live..seems a very tough market in live...

No Connection , Re quotes , unable to close profitable trade seem to be order of the day in live markets...Atleast i understood ECN is better than market maker..

But which ECN is also a difficult question..All of them seem to be similar.....


Anyways heres this months performance..

 

[rajesh_jadhav74]

Hi,
when i install signal bar indicator it show incorrect passward.Is there any other setting.

Thnks.

Rajesh

 

[Tavnaz]

Hello there,:thumb:
My dear Edward your post was a revelation.
For the past two months i worked on developing a sound strategy for trading successfully,but you will laugh to know i almost lost sense of money management in it.
I can show you my statements when i took more then 15 trades a day to just test upon my skill in my system,75 % were winners but also were at some points against money management.
Like what they say when you make this much profit a day you should leave,i forgot that.
And never loose more then 5% of your account on a single day,well i landed a winner overall but after one or 5-6 gains there was a loss of around 2 % of new account balance i should quit then but i did not.(now those of you who are thinking i i loose a 5% of my account in a single day i'm a dead guy but,this 5% rule is for winners,not for losers because they need practice)
Guess what you opened my eyes,i kept pushing and pushing for new things,may be the only thing necessary was contentment and bunch of rules.
And i will right away read some money management books,i don't need to find holy grail.
And hey thanks for lazyboy's new version this time i downloaded it too,to test it with skills that i have.

And Edward is that true when one system becomes so successful as Lazy boy,the brokers etc try to offset the results of new successful EA.
I hope you understand what i mean,if so the popularity of Lazy boy may turn against it, don't you think.
Regards
Tavnaz

 

[cool_kk]

Hi friends,

Here is the link for this month....
Forget about what others have to say, it's free for life time... as long as you guys come back and help others who are just starting like Rahul and others.

If people who have benefited from Lazy boy and all the discussions and inputs given by me and other veterans here.... then it is their moral responsibility to come back and help others who are in the infancy stage.

Life's circle is complete... if you are fed, you have to feed others too.. when you grow up...

As long as I see people interested in helping others... this thread goes on... and it's freeeeeee... doesnt matter if it appears in a brokers site or a broker appears in my site :lol: ... the bottom line is our top line and that is to help people trade forex successfully.

And people who are offended that they need to come back on 30th of each month... remember.. for all the efforts put in here by the active members... we guys at least deserve your hi's once in a while

This Lazy boy is free for traderji.com members lifetime... so guys go ahead and enjoy...

I am glad for Sumit, Raghav, Animedia, Madhav, Ashish , sunny and others who have focussed on Trading forex and understanding the markets through lazy boy and all the inputs in this thread.... May God bless you guys and make you a successful currency trader....

Keep rocking guys

Hi Ed

If you read carefully, I have written no offense in this thread to anyone.
Also written, I learned from this thread and contributing in my own way.

I just want to make the point to other users which may or may not agree that its mutual to some extend, you are also getting benefited out of it which is good.

So it was needed to make the lion roar again and back.(Not necessary everyone agrees with me But this is my point of view).

Thread and software is too good and I am glad it will become paid soon as we have used
it free

Thanks
Kaps

 

[ss16021981]

THANK'S Edward for this wonderfull system i want to share with u all from last two month i have seen that after u get a crossover entry in 1H chart (EURUSD) for target u just have to set a target of 40 pip's see there r trade that hit stoploss but remaining trade u can asure 40 pip's target if anyone is haveing dought pls see past chart

 

[Edward]

Tavnaz and friends..........

Trust me on this........... you give me a system, and I will find out how to trade successfully with it... no not because I have some inborn intuition, but with simple common sense, logic, money management, discipline & perseverance....

I have used the most talked about systems on the net... even a system which then costed 3000 dollars...

systems are the first thing for reaching your destination, your shore, like a light house... it has to be tall, huge, powerful, consistent, etc etc... but they are just a guiding light house..

Second, is the money management, the amount of load that you are carrying... the emotional load... are you trading beyond what you can handle... beyond what you can manage without anxiousness? Is the ship too heavy to weather the storm?

Thirdly it is the sailor... that is you, who calls the shots,....... who starts a trade, books a profit, books a loss.... etc etc panics, fears, hopes, cries, angery and egoistic.

Imagine a Sailor who has no trust on the Light house or his ship.. is he not destined to doom..
Tha'ts exactly what happens to people, who don't have a robust system in place... secondly who don't have a clue about money management........ and thirdly who have no idea about the role they play as a trader.. the emotional quotient...........

I have worked with many aspiring forex traders........... the ones who are successful understand all the above three differentiations, the ones who dont
understand, never made any money, and will never make any...

Hello there,:thumb:..
My dear Edward your post was a revelation.
For the past two months i worked on developing a sound strategy for trading successfully,but you will laugh to know i almost lost sense of money management in it.
I can show you my statements when i took more then 15 trades a day to just test upon my skill in my system,75 % were winners but also were at some points against money management.
Like what they say when you make this much profit a day you should leave,i forgot that.
And never loose more then 5% of your account on a single day,well i landed a winner overall but after one or 5-6 gains there was a loss of around 2 % of new account balance i should quit then but i did not.(now those of you who are thinking i i loose a 5% of my account in a single day i'm a dead guy but,this 5% rule is for winners,not for losers because they need practice)
Guess what you opened my eyes,i kept pushing and pushing for new things,may be the only thing necessary was contentment and bunch of rules.
And i will right away read some money management books,i don't need to find holy grail.
And hey thanks for lazyboy's new version this time i downloaded it too,to test it with skills that i have.

And Edward is that true when one system becomes so successful as Lazy boy,the brokers etc try to offset the results of new successful EA.
I hope you understand what i mean,if so the popularity of Lazy boy may turn against it, don't you think.
Regards
Tavnaz

 

[vssoma]

dear edward and all,
i am( and most of the members ) not posting it means, it's not that i am not trading or not success or not understand. because of just i am not getting the time to practice and post. cause, i am not a full time time trader and trading with f&o and commodities so, i am not getting time to practice.
to all new students.....it's really good system to trade for living not only with forex but also f&o. pls. check these some of small recent trades for sample but not total p/l ( some times i forgot to close trade)