Strategies, Systems & Indicators

[Sunny1]

Hi Edward , Here are charts. I already said trades are based on my poor excution skills. also I wait for opp arrow instead booking 10-20 pip profit.

short = 1.2573
close= 1.2588

Long = 1.2641
close = 1.2625

Long = 1.2598
close = 1.2566 ( SL hit)

 

[Edward]

Thanks for the complement Manoj....

I use neither of the indis that you have mentioned here...
People who might me tempted to use super trend v2, be warned that it repaints, that means it changes the arrow positions after the trend is over... so if you look at the chart in retrospect you will feel that super trend gave the arrows at the right turning points but in live charts it's a different story, so do not trade with super trend live... that's what I have heard and read... never tried it though...

Nice forex thread..

i think edward is using the Hull moving average which is fast and moves almost along with the price.i have attached it and the other indicator which paint the little arrows and cross on the chart. To tweak the moving average click on the chart,go to indicator list and then click on the indicator and then edit. try for different settings.
moving average cross is very simple but very effective.

 

[Edward]

Sunny, thanks for the charts dude....

Now if you had asked me before you started trading about using the strategy of waiting for the opposite arrow, I would have vehemently opposed...
But you have given me a different perspective altogether... a profit of 500 pips on three different pairs in a weeks span is phenomenal...

I don't know what to say, if it works, go ahead, but remember there will be days, when the markets are going nowhere, you might be whipsawed, so take care of the ADX though...
In the second chart that you have posted, one red arrow is hidden which appears before the red arrow you took your exit... I have written about that in my earlier posts, just squeeze it vertically and you will find it...

One thing is for sure, your way of trading will reduce emotions to a large extent... because you simply wait for the reversal... as long as you are in profit at the end of the week, everything is fine buddy... so take care and happy trading....

 

[munnabhai208]

Use tickerplantindia.com

Why you are spamming each and every thread?

Pls kindly note that Moderators are not sleeping......

 

[suvro1973]

i want to plugin ami broker

 

[Fx-Tiger]

Regarding Lazyboy Indicator. Why you Dont try the same method with different Moving average, 55 EMA etc.

I think it will be accurate if you do like this method. I think you wait for Candle Close below or above the EMA ...Right?

 

[sumitdasjoshi]

well fx tiger it we only use 50 ma to dieside the direaction of treand thats all we dont take tread based on 50 ma crosses.

 

[Raghavacc]

Dear Edward,
Thank you very much for your efforts which you are working in making understand the system and investing your valuable time in it. And I am eagerly waiting for your new thread ' lazy boy for nifty' to open. cause I am a biiiiiiigggggg fan of nifty and trading with it.
really grateful, if you help me in using the lazy boy in cash segment and options too. awaits for your reply in this issue.
thank you,

My friend,

I am with you.:thumb:

Regards
Raghav

 

[Fx-Tiger]

well fx tiger it we only use 50 ma to dieside the direaction of treand thats all we dont take tread based on 50 ma crosses.

Yes,

I m not talking only using of 55 EMA, I mean there are other EMA crosses that are more effective than this "Lazy Boy"....we want to fiter out bad trades atleast by 50%

 

[khalidhassan]

Yes,

I m not talking only using of 55 EMA, I mean there are other EMA crosses that are more effective than this "Lazy Boy"....we want to fiter out bad trades atleast by 50%

why don't you post some charts explaining your point of view, if there is a way to filter out bad trades then why not.!!!