To Fozzy: Do you go long or short based on the MA cross of the RSI or when it crosses the middle band. Thanks
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Quoting bmw540iDislikedTo Fozzy: Do you go long or short based on the MA cross of the RSI or when it crosses the middle band. ThanksIgnored
Quoting PipRipperDislikedLooks like the ema(13) is acting like support.Ignored
Quoting coolshadesDislikedsome clarification on fozzy's system needed.
i think fozzy trades long/short when the cross has completed and another candle has completed. that is to make sure the cross is not momentary.
but in the attached chart, if we waited for another candle to be completed then the upside would be lost.
in the attached chart, the cross is completed at the red vertical, the yellow vertical is a 'wait and confirm' vertical and fozzy wld enter the trade at the white vertical.. but by that time the upside wld have been lost..
am i right in reading this?Ignored
Quoting stevecartwrightDislikedfor anyone interested.Ignored
Quoting alcastroDislikedWell I entered my trades on Sunday, when the four main pairs (EUR/USD; GBP/USD; USD/JPY; USD/CHF) all gave a Fozzy signal (two to the long side and two to the short side). I was able to get some pips with the GBP/USD closing half of my position at +40 pips and moving my stop to B/E. But with my other three trades I was stopped losing money in all three. What did I do wrong? Can someone let me know if they were succesfull with these trades?Ignored
Quoting alcastroDislikedWell I entered my trades on Sunday, when the four main pairs (EUR/USD; GBP/USD; USD/JPY; USD/CHF) all gave a Fozzy signal (two to the long side and two to the short side). I was able to get some pips with the GBP/USD closing half of my position at +40 pips and moving my stop to B/E. But with my other three trades I was stopped losing money in all three. What did I do wrong? Can someone let me know if they were succesfull with these trades?Ignored
Quoting alcastroDislikedJason, thanks for your response. Did you follow ur trades during the day? I sticked to the rules. Only watched the action at the end of the day, so I could not adjust my stops all the time as the price moved during the day. Could do it with the GBP/USD because I saw the action early in the morning (6:00AM ET) but then I had to leave to my "real" job. That is when my stops were hitted.
Why did you decide to move your stops before 5:00 PM.? What did you see that made you close your positions? Just trying to learn here.Ignored
Quoting alcastroDislikedWell I entered my trades on Sunday, when the four main pairs (EUR/USD; GBP/USD; USD/JPY; USD/CHF) all gave a Fozzy signal (two to the long side and two to the short side). I was able to get some pips with the GBP/USD closing half of my position at +40 pips and moving my stop to B/E. But with my other three trades I was stopped losing money in all three. What did I do wrong? Can someone let me know if they were succesfull with these trades?Ignored