Kind of wondering myself, I know its been a slow few days though, looks like the cad/usd may show a sell signal at the end o0f todays candle. What does anybody else think?
Dave
Dave
The 4 Hour Fozzy Method 233 replies
FOZZY Method CROSSES 808 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
My Daily Fozzy Trades 337 replies
Monthly Fozzy Method 9 replies
Quoting howardDislikedI am posting this message as a test, nothing has been posted on this thread for two days, it is unprecedented, wondering if it has been moved elsewhere.
howardIgnored
Quoting howardDislikedGreat everybody is here; almost.Ignored
Quoting msblanchetDislikedAs I mentionned in a previous post, I started trading the Fozzy method last Monday with some transactions on my live account and some on my demo. I tought I would post my results as some people might be interested to compare or discuss. I trade the Fozzy method without taking the 20 SMA/BB into consideration i.e. I consider every RSI/EMA cross but use my discretion to determine which ones I take and which ones I don't. I usually place my stop a few pips above a recent high or the previous candle or below a recent low or previous candle. Some of the trades I took on my demo account I may not have taken on my live either because it was too close to the tunnel, cross was not clear enough or stop too large. But in any case, I decided to take them on my demo for experiment purposes.
LIVE
Tuesday Dec 5th:
EURJPY = +40 pips on 1 lot
GBPUSD = +75 pips on 1 lot
AUDUSD = B/E
Wednesday Dec. 6th
USDCHF = +36 pips on 1 lot
Total of 151 pips on live account.
DEMO
Monday Dec 4th:
EURCAD = +25 pips x 2 lots for a total of 50 pips
CHFJPY = +60 pips x 2 lots for a total of 120 pips
AUDJPY = +20 on 1st lot and + 62 on second lot for a total of 82 pips
USDCAD = +25 pips x 2 lots for a total of 50 pips
Tuesday Dec 5th:
NZDUSD = +25 pips on 1 lot
EURCHF = B/E
GBPCHF = +20 pips on 1 lot
Thursday Dec 7th:
AUDNZD = -20 pips on 1 lot
USDJPY = +26 on 1st lot and +36 on 2nd lot for a total of 62 pips
EURAUD = + 6 pips on 1 lot (closed it before NFP)
AUDJPY = + 22 pips on 1 lot (also closed ahead of NFP)
Total of 417 pips on demo.
I am very pleased with my weekly results although it is obvious I am still struggling with my profit taking... I have to figure out how to let them run a bit more to make the most of it. SO far, I use trend lines, fib (although not the Vegas ones) and support and resistance. Overall a great system!
Thanks Fozzy and all the others for your generous contributions on this thread.
Have a great trading week!
MarieIgnored
Quoting BeachBumDislikedI'm still here, although on a limited basis.
And quite frankly, there's not really much to add to the "fozzy" method. We're trading with this system and consistenetly making pips. Look at the results from msblanchet, a newbie. Unless someone makes a startling new discovery about how to apply the principles of the "fozzy' method more effectively and profitably, it's "business as usual", except maybe for the occasional tweek or two. I'll be looking for those (and adding my own if I find any). In the meantime................let's earn pips!Ignored
Quoting Gee SevenDislikedIt would be nice to develop a FAQ file and attatch it to the front post but that should not substitute for reading and keeping up with the thread. It could be just a text file full of cut and pastes of pertinent information found in previous posts. Also include the important indicator files too. Ummm....maybe I'll sit down and attack that idea myself. Have to get Fozzy to attach it to the front post or just remember the number and refer folks to it. Having the file or a reference to it on the first post makes it a no brainer for a newbie or anyone to go to. IMHO as well.Ignored
Quoting jonisuDislikedI have tried this method. it's not only GOOD, but it simpler, profitable than ever..
does anyone can create EA for this method?
or how to create an EA ?
thanks pals,
jonisuIgnored
Quoting cliffedwardsDislikedI completely respect the point made by BeachBum,to whom you replied, but you know Gee Seven you are right. In fact, what you suggest should be standard practice in any seriously influential forum thread. I work 16 hours a day trading reading and researching, just like BB, and when one comes across a great thread like this and begins to plough through 1300+ posts, trying just to understand whats involved, it's a killer. I'm not looking for a shortcut but just a faster way of understanding the concept, the development steps and the direction the development is taking, so I can decide if it works with my personal trading style, or if I might have anything to contribute. Gee Seven -since you appear to have been there from early on, I hope you will go for it. I for one will appreciate it if you do.
Regards
CEIgnored
Quoting msblanchetDislikedHi Alcastro... and sorry for the delay in responding.
Because I do not use MetaTrader, I do not have access to the Vegas fib so I use the "normal" fib levels which I calculate from the daily charts. I look at the pair that I am considering and decide on which high and low I want to use. Then I use the fibs in combination with trendlines, support/resistance and pivots. Nothing scientific but so far so good although I feel I need to refine my profit taking a bit. I don't mind too much when I take my profits early and leave quite a bit on the table but I do not like to be up 40 pips ++ and then get stopped at b/e. So still a bit of work to do but overall a solid system!
Hope this helps?
MarieIgnored
Quoting williamkDislikedHi all,
Not that its a big deal but to those who don't have Meta Trader it is FREE. Why don't you just download it and you would have it maybe not on the chart you are using but if you are using it like most you would check it once a day anyway.
Fellow Pip Hunter
BillIgnored
Quoting paul2DislikedYour broker has to support it.Ignored