DislikedThe pairs that has been very profitable for me are EUR/JPY, USD/CHF, GBP/USD, EUR/USD. I also trade the JPY crosses.
For sure you can profit trading 1 or 2 pairs. Start with EUR/USD & GBP/USD.Ignored
Cheers
The Daily Fozzy Method 2,814 replies
The Fozzy EA 389 replies
FOZZY Method CROSSES 808 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
Monthly Fozzy Method 9 replies
Dislikedyou and I have a very similar setup. I use the 5,3,3 and also chart a 28ma for general trend direction. I don't use the 14,3,3.
Did you take any of the 4hr crosses today?Ignored
DislikedHi BeachBum
Can I ask you for a piece of advice please. I'm very new to forex and I've been looking for a system which doesn't glue me to a computer, so in many ways Fozzy seems ideal. I've downloaded the e-book for noobs and the simplicity of the system is very appealling for someone who knows very little but reading both this thread and the original one I can see that most people seem to be trading several pairs simultaneously and I'm not sure that my pockets are deep enough for that. In your opinion is it possible to make a profit trading just 1 or 2 pairs or is trading all the crosses an essential part of the strategy.
ThanksIgnored
Dislikedbeach,
when you take a 4 hr fozzy trade, would your tps and sls be based on 4 hr charts or daily charts?
and also i think the eurusd is a good 4 hr fozzy entry on the next candle.. what do you think?Ignored
Dislikedbundubill................you can be profitable with one or two pairs, but you will have fewer trades than those of us who watch as many as 19 pairs. Remember what Fozzy himself said about this in his very first post?Ignored
DislikedThanks BeachBum. I just went back to that 1st thread to remind myself and I see he was trading 4 pairs. I also see that he said the longer the TF the better for newbies. Do you think I am being too ambitious thinking of trading the 4H and should stick to the Daily or is there not that much difference ?
Thanks for your help.Ignored
Dislikedi am not beach and cannot answer for him.. but me thinks if you are just starting out, trade the daily and get a feel for it before experimentingIgnored
DislikedHey All
I Have Been Using The Stochs As A Guide Ever Since Getting Hooked On Tebs And Spudfyres Mtf Methods And If Used Correctly Will Give You All The Confirmation You Could Ask For.
The 5,33 /14,3,3 K Lines Are Great Because They Give Two Timeframes At Once. This In Conjuction With Mtf On Fozzy Gives A Nice Tight Entry
There Is Also A Nice Mtf Stoch Crossover Alert Indicator Based On 5/14,3,3 In The Latter Posts Of Teb 63 System(sorry Not Sure How To Upload This As Yet) But You Will Often Find That Fozzy Crossdaily Comes Just After Daily Stoch Cross And Is Usually In The Ideal Place To Take A Trade Early Warning .
Put Some Stochs On And See For Your Selves (i Hope This Is Not Gilding The Lily)
Let Me Know What You Think
Cheers
RyeIgnored