+50 euro short
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Posted Today, 04:56 AM
i was a bit all over the place this week, because didn't get good euro entries.
Was either at the wrong time or wrong place for euro this week lol, but the other pairs made up for that.
Have a great weekend Larry team. Will be going out to celebrate Valentines on Saturday and having a drink session with friends.
Posted Today, 11:55 AM
Hello everyone,Its weekend so having lots of free time. I think its worth posting this. Maximum people here are doing exceptionally well congrats to them.I was little late to the party but was following the thread since its beginning. Although maximum people are doing good, there are some who are having problem in understanding LazyLarry. This post is for those who are facing difficulties in trading LazyLarry. Also this was the thought process which I followed when I started trading LazyLarry. I will try to explain what should be the initial approach while trading LazyLarry.So first of all everyone should read the Lazylarryexplained pdf and stuff posted in first post of this thread. Most important aspect of LazyLarry is to identify the valid support & resistance zones accurately. Your success will depend upon how good you are in identifying these zones. Levels or zones which have been acted as support and resistance both in recent past are valid for trading LazzyLarry. I personally recommend to watch this video to know how to draw S&R zones correctly. Video is little longer but worth watching.Video link https://youtu.be/iKOnAxExH1IPeople who are still facing problem can use DoneforexPerfectzones indicator posted here in this post http://www.binaryopt...hread/?p=142604by josepeepe10 special thanks to him.This indicator do its job really well.Lets started...I will try to explain with pictures because pictures speak louder than words.1. First step should be to know the trend on higher time frame. we will start from daily chart. To know the trend. We will simply check if the price is below or above the ema 50 channel and making LL LH or HL HH respectively. If price is below the ema 50 channel we will short or if above we will trade long.Here in our example price is below the channel so we will look for short.DAILY CHART2. After identifying trend on daily chart we will open H4 chart. Second step should be to locate the Valid S&R zone on H4 chart(You can do it manually or using DonForexPerfectZone indicator).H4 CHART3. Now go in more lower time frame chart(H1 in this example) to know how price is reacting to our S&R zone there. In lower time frame chart look for signs of weekness or reversal.The traders who are having difficulty I am attaching some pictures of reversal candlestick patterns to make the job easier.4. Now we will enter a trade only if there are valid signs of weakness and reversal.H1 CHARTI recommend to start with only 10 pips per trade target initially. That was how I started. You can increase your target once you will be more confident in your setups. Also only trade the first touch of the level after breakout.This post is only for traders who are struggling while trading LazyLarry all other who are already doing well can trade there way.(Traderpusa if something which I explained above is not related to Lazylarry and diverting from the topic please correct me. My intentions are only to help the people who are struggling...Thank you).Green pips to allCheers!!!
I love you bro!! Just awesome explanation..
Can you please share that dropbox indicator. File is not there anymore. Thanks for explanation man.
Posted Today, 02:50 PM
Right now, I am stucked in the next three trades:
with this current margin status:
What do yot think, will I survive or not?... haha
Just note that in AUDUSD case, fundamentals are bad for AUD and good for USD, so it should go down.
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