Strategies, Systems & Indicators

[Edward]

Re: Overtrading is risky.

Raghav,, I am glad you are the first guy to come and claim the trade management EA...
I almost forgot that and thought nobody remembered it anymore, but you are a real trader to have remembered that and even ask for it.

But I am glad, whenever there is a success story on Tj based on Lazy boy, i get a kick, a satisfaction which is unexplainable by all means...

but remember Consistency is the key and for consistency, Money management and discipline is the key...

One of my student just left my office, who used to be a great trader... sometimes back, 11500 $ from a 4000 $ account, but without money management and discipline, he is a loser today...

so be warned, the 'System' is secondary to 'Discipline & Money management'.
I am into the business of selling systems and training... and i have the 'Audacity' to say this... " Systems play secondary role to emotional discipline and money management " .

i have seen talented indisciplined people live in lack, and i have seen disciplined but untalented people live in luxury... and i have concluded 'Discipline is way above talent' if you are not Salman khan for sure ...

Is that a Trading system????:lol:

 

[laluji]

Re: Overtrading is risky.

i have seen talented indisciplined people live in lack, and i have seen disciplined but untalented people live in luxury... and i have concluded 'Discipline is way above talent' if you are not Salman khan for sure ...

The ART of TRADING GURU Shri Shri Shri Edwardopadyay, what a dialog sirji...

I am Indisciplined, but live happily... some universal trading law has gone berserk...

As far as Salman is concerned 'he is disciplined to be Indisciplined' :lol:

 

[Raghavacc]

Re: Overtrading is risky.

I am Indisciplined, ......................

but live happily...

Even I thought so long back.........

:lol::rofl:

 

[Tavnaz]

I have been thinking edward.
You must have a group course online so people who are missing some great things which are happening on your TA seminars can be compensated for.
Yeah it seems a bizzare thing, that i am saying such a thing.
But suddenly when i was trading these days it struck me like a lightning bolt if Edward can create Lazyboy, he sure can create a gang of active pirates who are pip stealer's. lol

So here it is,I was watching a live trading room,i know they always bark BS some calls are so damn crap.This was an italian trader.
We need,something interactive for Indian Forex traders.
The other thought was Mr Preet's sentences as, i remember i teach people but my charges are heavy.(I respect him but that was a big turn off)
So why not have a real place where people could have some thing real without Crap.

But consider online website with something good,sections and all,we could have a free website though.
But a course thing comes to my mind because you are already doing many things for the people for free,but man's gotta work.
Why there be something hidden people,why do people here don't show their skills openly and collaboratively,Including yourself.

But i strongly emphasize Free things.
Dear Moderators this is nothing as such as a Commercial Publications,so don't regard it as such consider this as a request.

Regards
Tavnaz

 

[Edward]

Dear Tavnaz,

Trading room or online Training Course is a very nice concept and i too was thinking on a similar line for quite sometime now. If I get a good platform which can easily run in typical indian setup (low bandwidth) I will surely try it...

Now to the question, why are people not proactively sharing on forums... even on FF and such the paid versions are different than the one posted for free. After the experience with this thread, I have understood few things:
1. Running a thread or offering free help is a Time consuming and thankless job. I have never boasted about my systems and strategies here, and still people have called me names...

2. It does take a toll on your trading and personal life too... i didn't trade the same way, with the same focus as I used to do during the period when i was very excited about this thread.

3. You get quite discourteous people, who shout at you, if you don't answer their post for even a day... imagine, people shouting at me like they shout at customer service... And to top it, nobody wants to go through the thread fully before asking any questions... they start from the beginning...

4. People seldom respect what comes for free... I have few systems that i paid for in the initial period, and I also have few systems that i got it freely by exchanging.... trust me... the ones that i got free, i have not tried them even once... leave alone trying it for a month... and you know how important it is to try a system for atleast a couple of months.

I think these are the hindrances that keeps people from sharing everything...
If you had seen Kungfu panda, the Climax is amazing (about the secret) ... similarly i think every system should have some secrets concealed which will make people persistent in trying it.

I have been thinking edward.
You must have a group course online so people who are missing some great things which are happening on your TA seminars can be compensated for.
Yeah it seems a bizzare thing, that i am saying such a thing.
But suddenly when i was trading these days it struck me like a lightning bolt if Edward can create Lazyboy, he sure can create a gang of active pirates who are pip stealer's. lol

So here it is,I was watching a live trading room,i know they always bark BS some calls are so damn crap.This was an italian trader.
We need,something interactive for Indian Forex traders.
The other thought was Mr Preet's sentences as, i remember i teach people but my charges are heavy.(I respect him but that was a big turn off)
So why not have a real place where people could have some thing real without Crap.

But consider online website with something good,sections and all,we could have a free website though.
But a course thing comes to my mind because you are already doing many things for the people for free,but man's gotta work.
Why there be something hidden people,why do people here don't show their skills openly and collaboratively,Including yourself.

But i strongly emphasize Free things.
Dear Moderators this is nothing as such as a Commercial Publications,so don't regard it as such consider this as a request.

Regards
Tavnaz

 

[Edward]

On second thought Tavnaz,

I have seen you here comparing Lazy boy with PA and I have also seen you posting that you are not using lazy boy.

I was wondering, if i had charged say 1000 rs. for Lazy boy, you would surely have used it for at least a month...

That's what human behavior is :lol:

 

[Raghavacc]

Dear Tavnaz,

Trading room or online Training Course is a very nice concept and i too was thinking on a similar line for quite sometime now. If I get a good platform which can easily run in typical indian setup (low bandwidth) I will surely try it...

Now to the question, why are people not proactively sharing on forums... even on FF and such the paid versions are different than the one posted for free. After the experience with this thread, I have understood few things:
1. Running a thread or offering free help is a Time consuming and thankless job. I have never boasted about my systems and strategies here, and still people have called me names...

2. It does take a toll on your trading and personal life too... i didn't trade the same way, with the same focus as I used to do during the period when i was very excited about this thread.

3. You get quite discourteous people, who shout at you, if you don't answer their post for even a day... imagine, people shouting at me like they shout at customer service... And to top it, nobody wants to go through the thread fully before asking any questions... they start from the beginning...

4. People seldom respect what comes for free... I have few systems that i paid for in the initial period, and I also have few systems that i got it freely by exchanging.... trust me... the ones that i got free, i have not tried them even once... leave alone trying it for a month... and you know how important it is to try a system for atleast a couple of months.

I think these are the hindrances that keeps people from sharing everything...
If you had seen Kungfu panda, the Climax is amazing (about the secret) ... similarly i think every system should have some secrets concealed which will make people persistent in trying it.

Can't agree more. I am sad to say that ( especially in our country) whatever you offer free people take it for granted. Best example:Government has built toilets across the country to keep the environment clean and it was free. Then all those toilets have become garbages (worst than a garbage throwing places within few weeks) and government told its enough we cant continue.Then we had Sulabh Shouchalay's where there is nominal fee for everything that you do inside:lol:Now if you see ,those places are far cleaner than those built by government.

The people here do not have value for your time, courstey,energy and sacrifice. Damn it..

I am one of them who have got free (the value of which cannot be measured in terms of money) lessons from Both Taz and Edward. I carry tonnes of gratitude to both.

 

[Tavnaz]

On second thought Tavnaz,

I have seen you here comparing Lazy boy with PA and I have also seen you posting that you are not using lazy boy.

I was wondering, if i had charged say 1000 rs. for Lazy boy, you would surely have used it for at least a month...

That's what human behavior is :lol:

My thought was in general Edward Sir.
I was talking about a great system in general,TA in general.
Yes i know helping people out is a thank less job,but people here have always appreciated a great help.
I also use the adx in the lazyboy as a momentum indicator.
When i mean i don't use lazy boy that means i don't use it as a mechanical system.
Yeah you have done a great job building this momentum indicator.
It is true lazyboy was offered free and i believe still it stands as one of the best in free systems even without additional filters in paid version.
But i am talking about a place in the internet where there is a sandbox style sharing no,hiding,is it worth it if charged hell yes it is.
Considering the amount one could make of Lazyboy or PA,Ici or whatever in a single day 1000 Rs is a petty amount.
I am damn sure people will have golden mines to reap and mine everyday, after having a place where they could gain and access knowledge freely.
yeah again the same thing is it worth it if paid i don't know you know it better.
Cuaz i would surely pay 1000 Rs for something which i can combine to make my systems effective.

On you Second thought my dear Edward,No two money making system can be compared based on money itself but on the ease if access and better understanding.
So did i compare PA with Lazyboy on system wise basis: NO
Did i mix them together on common grounds: yes
Did i compare them on the basis of results or which one is better: Hell No,God smite me if i did.
Cauz if i were like normal people with low grade thinking only then would i think that.


So here it is let me outline what i have got to say:
1. Newbie comes to TJ finds forex section finds thread with great views.
2. He asks question,(does he get answered) without something being hidden.
Answer No.
3. He will be given advice to visit Baby pips.com.
4. Now comes illuminati stuff,he will scan through threads in here but do all of them contain everything,the author know atleast 30%.
Answer No.
5. What do we need?
End of discretion
6. What if it costs something?
Yeah it is worth it,because it is a direct sign post out of jungle.
I remember just six months back i blew an account,i had no sick knowledge of how to stop it,but now i do know why that happened,i tried to ask question did i get answered fully, (No),not to mention Preet Ji i tried to decipher what he was doing all i found was advanced stuff being presented in vague terms.
7. So what did i do?
Built everything from scratch.

Conclusion: TJ is public platform,the best in India,but we also need something more viable for Indian traders,where there is no hide and seek,one place with access to all more than 20 or 30 viable systems all backtested,a beginner section,a journal,the general discussion,the webinars,the live trades,the trade follow up and advice,is it present here(yes to some extent), but is it not discrete subconsiously on the part of the author(hell yes).

So do you think the amount stands tall in front of something that could transform every newbies life (hell no),because all the above is way too price less,one place for Indian people where author himself is willing to present
what is there inside.

But on second thought maybe i am talking just crap or am thinking so much, but do the above views strike lightening in your head,IDK.
Regards
Taz

 

[Edward]

yeah... I fully agree with you here Tavnaz...

and friends, if you know of any such good platform, where we can have a trading room please share here...

Taz has given us a direction, which will take Forex community in India to the next level... I am game for it bro...

 

[Tavnaz]

yeah... I fully agree with you here Tavnaz...

and friends, if you know of any such good platform, where we can have a trading room please share here...

Taz has given us a direction, which will take Forex community in India to the next level... I am game for it bro...

So here is my suggestion on this first step.
I believe a live trading room alone will not help.
We need to first start gathering our community of forex traders in India.
We need people who have viable methods of trading and who also have backtested the results,who to be the number one person other then you.
We need a forum linked to a website internally.
The website will be linked to the forum internally,you access website you could access forum now here the fun begins.

All those enlisted people will have their own space inside the forum,without noise of public thread.
Say Trader A is well versed in dealing with Funding options and Beginners,then he will post in the beginner section of the forum.
What will be new inside it?
A Complete list of FAQ and the name of brokers and regulation well established in a single Beginners section,Info provided at hand.

Say Trader B,Trader C and so on have good backtested system an EA which has been tested,a trading methodology which is great,they will have individual sections
Say System A,System B
What is New here?
No public noise,the system explained in deapth.

Say Trader D is well versed in TA as a whole then, he will have a complete Learn TA section,where he will describe all aspects of TA.
Now majority of newbies and even oldies don't know TA is not learning PA but using combination of Analytic tecqniques and Oscillators and Other Indicatiors in culimination with price to decipher the next outcome.(I bet you did not know this, did you ? this will be in there instead of talking about a single system people are made well versed with all tools)
And I am damn sure the above is also a new thing which people don't know.

The Trading Journal:
Say Trader A,B,---------------N want to track their performance they can keep an online journal.
So what is new here if we could see demo results,this BS because Demo results only show consequences not stimulus,but in journal we have the following)

Date/Time: XXXXXX
Candlestick Formation: XXXXXX
Oscillator Signal : XXXXXX
Mechanical Crossover Details: XXXXXXX
Currency Pair: XXXXXXX
Entry: XXXXXXX
Exit: XXXXXX
Pips: XXXXXX
Additional Details: XXXXXXX
Which Indicator Used(if any): XXXXXXX
Any Confluence: XXXXXXX
Reason: XXXXXXX
Any News Event at hand: XXXXXX
Time Frame: XXXXXX
And this is just a basic out line,rest there are more additional details.

Now comes the piece of Cake,Every months end we hold a webinar we discuss,the upcoming month and the news events/PA/TA/FA in coming Month.

The Doubts Clarification Webinar:
Where People can ask about anysetup they seem to have taken but did not work,or believe to have wanted expert advice there.

I know this is quite a lot but is a basic guideline

Dont forget the Live trade session once a week,i believe you don't need live trades everyday,we just need one day in a month where demonstrator presents himself to real market conditions and prove the students and himself in front of public,so they may gain faith in his system and he knows people just saw the system works.

The Demonstrative videos:
Demonstration videos for website will be created by great traders like Edward where they will record on screen moments in video by camtasia where the demonstrater can describe market conditions and Systems or TA on blank chart or live chart ,offline chart.


So do you all really think this is possible here on TJ i don't see this here,because what i imagine is a goldmine for any trader in any market because TA and PA and indicators and bars and Candles are common in all markets.
Now Comes the Boner the trip off,do you think this whole thing as described above is worth it if it costs something

Out of which most is used in operations,well i think yes it is it is the most valuable precious thing under one roof which every forex trader in india is not getting,not to mention the amount of material this will bring in and expertise associated with it,and will be the Strong/Only group of forex traders in India.
The Cost of which will be a measly days profit of a good trader,and is the rope to get out of hell.


Gosh People, now i'm tired this above is the guideline i think which we must follow, study it carefully, My dear Edward it is my suggestion.
How do we start?
We take baby steps,one at a time.

Regards
Taz