Strategies, Systems & Indicators

[sumitdasjoshi]

well those wondering how my get this kind of result by lazzy boy is because i took the trade first in 15, 30,1,4 hr in this way if trand is on i get the hole thing otherwise out with loss and i was experminting with the system on that time but it is such hedace and i wana trade peacefully i will urge you to go for the time facter which you think is suits you and guy enjoy you tranig with edword and dont miss it ,it is worth a go. happy trading to all.

 

[biswajit2040]

How do you guyz avoid trading at Time of release of major news?
I get badly hurt by that.Do we need to follow news abt timings of release of news r what?
@Ed,Please help regarding this.

 

[maidass]

Dear Biswajit,
Take news concept out of yr sytm as most of the big players (who move market) wl knw da news in advance n by da time u gt da news they shud hv already takn a decission about their action / reaction.
Concentrate on yr trading ... Atleast thts wht i do.
Seniors cn always advice better.


It is not important what you do,
Till the time you know the
importance of doing it

 

[biswajit2040]

Exactly..I do not want to trade in news hour..But how would I know if therse s any news r not? Today I just placed an order according to Lazy boy but within minutes Stoploss was hit due to news spike.
Do I ve to follow finanace news like bloomberg r some handrule is there?
Like first friday of month etc

 

[ag_fx]

Exactly..I do not want to trade in news hour..But how would I know if therse s any news r not? Today I just placed an order according to Lazy boy but within minutes Stoploss was hit due to news spike.
Do I ve to follow finanace news like bloomberg r some handrule is there?
Like first friday of month etc

This calendar should help you:

http://www.dailyfx.com/calendar/

 

[biswajit2040]

.......................

 

[biswajit2040]

Which bar is actually a trigger for crossover?
At first look it looks like the bar numbered 1 but had bar 2 gone down the crossover would not be there.
I remember Ed sir suggested something like zooming and looking closer for something but cant recall now also could not find it in thread.Can somebody put some light on this?

 

[sumitdasjoshi]

the secand bar is the entry bar you can only enter after the cross over you can find crosover for candel by simply plaot vetical line to the candel and see the cross

 

[ss16021981]

Hi biswajit2040 when 2 bar was going on u where not sure so u have to to wait to close thar bar & enter in trade in next bar(which u have given 3 number) i hope u understood that

 

[biswajit2040]

I see there are two versions of Lazy Boy
1)Using only crossover for enry
2)Using both Crossover and Arrow for entry

If somebody has tested both,Plz post the comments.

Another thing is now I think it is right time to discuss various exit strategies that suits for Lazy boy

1)Book profit for Fixed pips.(How much target for which TF?)
2)Book profit when lower TF gives an opposite signal
3)Combination of above two.Book profit for partial lot let the remaining run for larger profit
4)Using arrows for exit
5)Others(Plz comment)

I expect some experienced members to share views which of the above and logic for the same.If somebody has tested both plz post your results.