Strategies, Systems & Indicators

[Raghavacc]

May all your dreams come true and of all the people who are trading and dreaming about making it big in forex, let their dreams too come true..

God bless you and keep it up dude, you are doing a fabulous job.

Edward,

As I told earlier, you have changed the way of my thinking about trading Forex. I go through each of your posts again and again because its full of positive vibes which is rare to see in outside world.

I missed when you came to Bangalore.My next dream is to see you in person.I am very very curious about your personality.( Not physical :lol
.
I humbly repeat "The hand that gives is greater than the hand that receives".

 

[maidass]

Dear Edward and All,
Initiated and encouraged by a very senior training participant in Bangalore, we are starting "Lazy Boy FX Club" in Bangalore. The vision is to take the Fx trading in general and Lazy boy in particular to the masses. The 1st member is a Doctor and the 2nd member is a retired scientist from DRDO.
The first General Body Meeting (Hahaha) of the club is on this Sunday, 10/10/10 at 11.00 hours at Cafe Coffee Day, Banashankari.
Dear Sunny and Raghu, please be there at 10.50.

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

 

[sanjoy_roy]

The first General Body Meeting (Hahaha) of the club is on this Sunday, 10/10/10 at 11.00 hours at Cafe Coffee Day, Banashankari.
Dear Sunny and Raghu, please be there at 10.50.

Though I live far away from Bangalore, my best wishes for the meeting.

I propose that have the meeting at 10:10 am. It will be historic. 10/10/10 at 10:10 am. Wat say?

Thanks,
Sanjoy

 

[Edward]

Wow.... Madhav, Lazy Boy FxClub.... sounds amazing dude...
Thanks to Doctor Indhiran (In creativity it seems he is similar to our Enthiran )

And Sanjoy, your suggestion too is great dude... it never struck to me... about the historic date...

Any ways all the best.... keep prosperity and profitability as the focal point...
My best wishes to you and your team in Bangalore...

 

[sanjoy_roy]

Eddie and buddies,

I am trading a bit more now with TF of primarily 1D. I use LB alongwith S/R. Trading with 0.2 standard lots. Need to work on my MM.

Posting my results on http://www.myfxbook.com/members/sanjoykumarrroy/san40014884/54996

I hope this is as per forum rules. If not please let me know and I will edit this post. I am putting comments before each trade (well almost each trade) so that later I know how close was I to probability.

With more than 20% profit in 10 days account looks too good as of now. My aim would be 10% - 12% a month.

1. Greed - need to keep a tab here. I am still not having a solid exit target before opening a trade.

2. Fear - a bit in control here but still lot to be deserved.

3. Hope - with LB and S/R on D1, this is pretty much in control.

I would like to close this month with another 10% profit. Not to show that I can garner 30% in a month but to convince myself that 20% was not a fluke.

I will be as positive as the sun.

Thanks,
Sanjoy

 

[a1a1a1]

Dear Sanjoy,

Congrats on gr8 Result in Forex with this System.

However since I'd also like to Trade in this market, I'd like to ask few questions regd ur trading style.

What are your Entry Signals based on ? Lazy Boy Alone ?
How do you decide your Exit ? Certain Profit Target or Crossover of LB again?

Please take some time out to reply will b a gr8 help..

Thanks
Regards

 

[Edward]

Crossover of LB again, will wipe off most of your profits, most of the time... so that's a no no in my opinion.

If you are working on a 1 HR time frame, exiting on a 30 min tf with opposite signal would be a good idea, provided if you are not trading during High impact news...

Or for instance if you are trading 0.20 lot, then booking profit of 0.10 at the first sign of trouble and letting the other .1 run with stop loss at breakeven is also a good exit strategy.

Our young, teen hero, sunny is doing exceptionally in trading the Lazy boy, with almost 80 - 90% hit rate, I think he too can contribute here on the exit strategy that he employs.

Dear Sanjoy,

Congrats on gr8 Result in Forex with this System.

However since I'd also like to Trade in this market, I'd like to ask few questions regd ur trading style.

What are your Entry Signals based on ? Lazy Boy Alone ?
How do you decide your Exit ? Certain Profit Target or Crossover of LB again?

Please take some time out to reply will b a gr8 help..

Thanks
Regards

 

[Edward]

I am glad dude that you are gaining confidence... God bless you...
Remember, it's money management and discipline... systems are there like the Light houses.. just gives you a direction.... the Sailors skill to handle the ship in turbulent waters (emotional discipline) and the Load on the ship (money management) will play crucial role in getting you to the shore....

So, go ahead.. and do it...

Eddie and buddies,

I am trading a bit more now with TF of primarily 1D. I use LB alongwith S/R. Trading with 0.2 standard lots. Need to work on my MM.

Posting my results on http://www.myfxbook.com/members/sanjoykumarrroy/san40014884/54996

I hope this is as per forum rules. If not please let me know and I will edit this post. I am putting comments before each trade (well almost each trade) so that later I know how close was I to probability.

With more than 20% profit in 10 days account looks too good as of now. My aim would be 10% - 12% a month.

1. Greed - need to keep a tab here. I am still not having a solid exit target before opening a trade.

2. Fear - a bit in control here but still lot to be deserved.

3. Hope - with LB and S/R on D1, this is pretty much in control.

I would like to close this month with another 10% profit. Not to show that I can garner 30% in a month but to convince myself that 20% was not a fluke.

I will be as positive as the sun.

Thanks,
Sanjoy

 

[Sunny1]

Hi Edward and all.

Had good week with Lazy boy...and good weekend with Lazy Boy meeting...

Had ended week with 300 pips profit..:clap: of course in DEMO

Sunny...

 

[Sunny1]

Thanks Eward for encouragement. Here is my Exit strategy. I use 1 Hr. TF.

1.If it is buy and next two bars goes into profit I close out...vice-versa for short.

2. position giving 60-80 pips profit .. I close it..

3. first bar goes in profit ..then consolidates.. and again it starts going in more profit.. i close..

In short completion of second bar in profit.. i close my position..

Sunny..