Lazy time

[#1]

Almost time for a lazy trade again Simon. If only your Topi graph was not a day behind like it is sometimes. Is there an IT person that sits in a dark room updating these things when they remember? Or does the trader that perform worst for a particular month get to update it?

[SimonPB]

well you chart must be stuck in december .. coz mine not showing close to a trigger at all ..

[#3]

I agree, not any where near a long trade and short trade opened 22 Jan already.

[SimonPB]

no short at 30 was above 60, an stiill is ..

[#5]

Rats, I keep forgetting the primary direction ;-) Aah well so far so good with the entry anyway...not according to absolute rules but profitable anyway.

[earlyret]

Good. Means I still understand the lazy way!

[#7]

30 day and 60 day ema's are about 90 points apart - they're almost touching now. 3 or 4 days of further drops and we'll be on a trigger...?

[SimonPB]

no, 30 an 60 only offer direction .. 15 an price give trigger ..

[Asher]

If you teach 10 people a system and come back in a year you'll have 10 different systems.

[#10]

So when 30 crosses below 60 (which it is approaching fast), and price is below 15, that's a short entry surely?

[SimonPB]

with 30 below 60 one only does shorts .. the entry would be when the price breaks down through the 15, not just below the 15 .. you need to catch the trend as sloe to the neginning as possible ..

[saash]

Lol - There goes Simon's Keyboard again :)
I am setting up to try a "lazy trade" short as my DB products are not at good prices at the mo --- unless there is more upside --- so, I will try hard to understand this, as I think that the primary trend goes short in about 2 - 3 more days of sitting at these levels.
Once we get 30 below 60 dma ... THEN we wait for a red at 4.30 which needs to ALSO be AFTER a close below the 15dma .....
Eish Simon, please confirm that this is at least close to correct!! Heck, It might be a LAZY system, but it definately isn't SIMPLE!

[SimonPB]

Once we get 30 below 60 dma ... THEN we wait for a red at 4.30 which needs to ALSO be AFTER a close below the 15dma
yip, tis that easy .. teh red at 4.30pm the day immediate after the close below 15 .. an inverse for long ..

[NJ_1]

You're just about spot on, Saash. Only thing to watch out for, like Simon wrote: the price first has to be above 15 EMA, which it isn't at the moment. Trigger is a CROSS to below 15 EMA and then a red next day at 16:30.

[#15]

Yeah and that's the bit I refuse to apply in my lazy trade derivative - risk being that the price will never go up again to the 15 and you lose out on a profitable new trend.

[SimonPB]

it always goes back eventually .. point being patience (lazy) ..

[saash]

Ok ----- so yesterday was a close above the 15dma. But the 15 is below the 30 ... 30 still above the 60 ....
If we are GREEN at 4:30 - that's not yet a long trade (cos 15 below 30) ??? Or is it?

[SimonPB]

err .. no, no and no ..

[saash]

Lol - do it Chartist style. Post a live vid as the trade is made. Nothing like seeing it in action.

[#20]

Cause its lazy, that could be days or weeks of recording.... hope you got the bandwith for the download ;-)