the main strategy was presented to you in the verified accounts/strategies thread.
In attach documents that describe how to determine trend / levels and general price action information.
None of the content is mine, except for the DWM indi.
Feel free to comment or ask questions here, I will not be entertaining private messages that would require
repeating 10x the same information.
- Purpose of the Lazy Larry thread
The purpose of the Lazy Larry thread is to guide the aspiring Price Action Forex trader on his first
steps in his transition from Binary Options to Forex, or to introduce an existing Forex trader to
Why price action : simply put, it is the only trading method that can give consistent profitable results
for retail traders.
Those with trading experience know that indicators don’t work over the long run. The alternative is
Price Action, or quit trading all together.
Transitioning from Binary Options to Forex is by no means an easy task. You have to unlearn your mind
- You will not find any indicators with arrows in this thread telling you when to enter.
- Expiry times of trades are left to the trader. There is no next candle expiry in Forex, unless you
close a trade on purpose.
- There is no binary outcome ITM or OTM. You can have a Take Profit or Stop Loss and profit or
loss in between.
- Money Management is the sole responsibility of a trader. Not a fixed amount that you either lose,
or win back with fixed profit payout.
So not only the barrier is quite high to make the mental step, the massive amount of information available
on Price Action trading can make the task ahead look insurmountable. As in Binary Options, the methods
on how to trade Forex seem endless.
What I try to achieve in this thread in a nutshell :
- Simplify what I consider to be the only way to trade profitable on a long term basis with a good
chance of providing you with a steady stream of income.
- So, making Price Action trading accessible for the novice PA trader.
- Giving you a completely new way to look at charts, and the structure of price, in order to find
price levels (Support/Resistance) and price structure (Trend), and this over Multiple Time Frames
(MTF). The price levels combined with price structure and news (fundamental news) will provide
us with entries and trade direction.
The reason I am doing is, is mainly because I had to go through the deluge of information myself, and
being a binary options trader before, it took me a few years to develop and master the Lazy Larry Strategy.
The rewards however are there, as you will see in the verified demo accounts.
I have also been teaching Lazy Larry for many years in my skype group called LLU (Lazy Larry University).
Since I was doing this for free, posting the methodology and teaching Lazy Larry in BOE won’t affect me in
any way and I am able to reach more aspiring PA traders, and put them on the path that I consider to be the
right one. And don’t ask, LLU is a closed group now and no new people have been added for over a year. .
It is pretty time consuming and after a while even boring, so this thread is my so called last shot at sharing
2. Why now
Let me use an analogy to explain this : Anyone doing business understands that the timing
and location for opening a shop are crucial and will determine the success rate.
Regulatory Environment : not only were Binary Options banned in USA (or tightly regulated
with NADEX), also Europe did the same with the ESMA rules. So binary options traders are
looking for alternatives.
Those that have been around for a while will have come to the conclusion already that arrow
indicators don’t work in the long run, and only lead to losing money. Combine this with shady
brokers and trading bins is a losing proposition from the get go. Either they quit or again, look
for something different.
For a while, David, the owner of BOE decided to close new registrations and remove the
existing trolls. I had no intention of posting while they were in BOE, but also that condition
So, timing and location are right for me to start this thread.
I believe there will be sufficient audience and interest now for a forex strategy on BOE.
- Things I will not tolerate in this thread.
There is no need for me to repeat the general rules of BOE for posting, but in addition
following things will not be tolerated.
Adding indicators : I will provide you with the indicators I deem necessary or helpful to
trade Lazy Larry. These are all based on price or price movement.
No indicators with arrows or price values based on some magic formula will be allowed.
Modifying the Lazy Larry strategy : nothing is perfect, but Lazy Larry is as good as it
gets to guide the aspiring Price Action trader on his first steps.
Posting some big theories about the how and what, adding stuff to the Lazy Larry strategy
will only confuse those who want to learn.
I strongly believe I have made Price Action as simple as possible and as accessible as
possible. As stated in point 1, the binary options trader has already a mountain to climb,
so let us keep that in mind.
Of course there are plenty of other ways to trade successfully but should you wish to
add, modify, or whatever, please open your own thread.
This thread is about Lazy Larry only.
Posted trades should follow the Lazy Larry rules, or at least be your attempt to trade
the Lazy Larry rules. Don’t post trades based on different rules.
I want this thread to stay clean and focused only on Lazy Larry entries and trades.
3. What do I expect from you
Basically your time and effort. The only way to master Lazy Larry is by trading it and spending time
on the charts.
I have a package of indicators that will be given to you after you have proven you are willing to make
the effort. Post at least a month of trades in the thread and you will receive the package.
Don’t ask for indicators without posting. The rules are the same for everyone.
Don’t ask for anything you might see on my chart that is not included in the package. I am an amateur
coder and love to write new stuff, but what I want to share is shared in the indicator package.
And no, you don’t need these indicators. Without your chart time and effort to study the Lazy Larry
strategy and attached information the indicators are useless to you. And you can trade the Lazy Larry
strategy successfully without any indicators. These are only training wheels to get you started.
Indicate your levels and trend on the charts, so it is clear for everyone why you took a trade.
Post winners and losers : the amount of pips you make is completely secondary to the purpose of this
thread. As mentioned earlier, the purpose is to change the way you look at chart, and apply levels,
trend, fundamentals and money management.
Of course the end goal is to make money and be profitable, but from experience I know that will
happen over time. It was important for me to have my demo accounts verified by David (owner of BOE)
to show you that Larry is profitable over an extended period of time, and not another 10 ITM in a row strategy.
And please don’t use the argument it’s only demo. I consider posting real accounts with real money
on a public forum dangerous and stupid. If you think there are no malicious sleeper accounts on BOE,
a forum with almost 40.000 members, you are a bit naïve.
Just look at the number of downloads and compare that to the number of people actually participating
and maybe you see what I mean.
Good luck to all of you, and inviting you to become member of the BOE Larry team.
The following 2 posts contain the pdf files with the strategy and supplemental background information.
Ps. This post has been added on a later date because some posters (on purpose or not, with their own
agenda or not) do not seem or want to understand the purpose of this thread and do their best to derail it.
In case I use strong language, my apologies, but I will keep the Lazy Larry thread focused on its main
purpose, which is helping the aspiring Price Action trader.