that means it could be upodated without the need for a long thread.
Steve
PS I don't know how to do this before anyone suggests I do it :-)
Steve
PS I don't know how to do this before anyone suggests I do it :-)
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 BeachBumDislikedGreat week for fozzy trades:
Sun-Mon 11/19-20
USD/JPY(F) sell 2 lots........................+77 & +187
AUD/USD(F) buy 2 lots.......................+40 & +80
Mon-Tues 11/20-21
GBP/USD(F) buy 2 lots.......................+100 & +324
GBP/JPY(F) buy 1 lot.........................-77
CHF/JPY buy 2 lots............................+50 & +64
Tues-Wed 11/21-22
EUR/USD buy 2 lots...........................+50 & +254
USD/CHF sell 2 lots...........................+60 & +300
GBP/CHF sell 1 lot.............................+65
Wed-Thurs 11/22-23
USD/CAD(F) sell 1 lot.........................+50
AUD/NZD(F) buy 2 lots.......................+50 & second still open (currently +43)
Thurs-Fri 11/23-24
AUD/CAD(F) sell 1 lot.........................still open (currently -11)
EUR/AUD buy 1 lot.............................+80
Total booked this week: 1914 pips.
I think next week I'll stop trading micro lots and move up to mini lots!Ignored
Quoting coolshadesDislikedwow. inspiring.
you didnt take the gbpchf fozzy on the 20th.. was it because it was just about 4o pips away and heading towards tunnel?Ignored
Quoting BeachBumDislikedYes............and it would have been a trade AGAINST the trend. Not a setup I will trade!Ignored
Quoting pdhawanDislikedSo does this mean you are not trading the EA? I also noticed on one of your charts you have an oscillator that bounces from top to bottom and vice versa....what is that?
Are you rules still as follows:
Take 1st profit when 40-50 pips profit and let 2nd TP run to FIB lines? Are you still utilizing 1.0 on Daily ATR for stop?
Congrats on a great week and awesome results!!!Ignored
Quoting BeachBumDislikedYes............and it would have been a trade AGAINST the trend. Not a setup I will trade!
Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by coolshades
wow. inspiring.
you didnt take the gbpchf fozzy on the 20th.. was it because it was just about 4o pips away and heading towards tunnel?
</TD></TR></TBODY></TABLE>Ignored
Quoting monoDislikedHi BB
If this was with the trend would you have taken it? NO!
Basically what im asking is when would you take a position on one side of the tunnel, expecting it to go through the tunnel? I won't !Ignored
Quoting BeachBumDisliked
Total booked this week: 1914 pips.
I think next week I'll stop trading micro lots and move up to mini lots!Ignored
Quoting BeachBumDislikedArt..............
Because you have the Tunnel on your charts...........and you asked, here's an observation: The opening price for a possible sell was 94.90 and the price level on the Tunnel was 94.60, only a 30 pip difference. In addition a sell was against a VERY strong upward trend. I don't take these trades because historically they don't work out very well, if at all. Someone sent me a PM asking what I meant when I wrote that "I will not trade into the Tunnel". This is a classic example of a trade not to take. I took the buy on the next signal because it was away from the Tunnel and WITH the trend. I set a 50 pip T/P at the first fib level and it's already been hit for a quick profit.
The Vegas Daily Tunnel is nothing more than a very strong pivot level and the fib levels are simply S/R points. But they have proven themselves to be very strong indicators that I believe deserve our attention when using the "fozzy" method. HTH!Ignored
Quoting jlowderDislikedYour money management will have to change drastically for this will it not? I don't know what your balance is, but when moving up to Mini's from Micro's you won't be able to trade nearly as many pairs at a time, or possibly even use multiple lots for a trade. Have you worked out what your approach is going to be given this change?
I was considering minimizing my trading to only those pairs with the highest ATR. Anything under 60, possibly even 70 would be eliminated from consideration. I don't know if my rational for doing this makes sense or not.
What are your thoughts on changing your MM as you increase account size and how this will affect your choices of what to trade?
JasonIgnored
Quoting BeachBumDislikedI really don't like repeating myself..............most of your questions have already been answered in my previous posts:
However, one more time:
I don't use the EA because I don't like using them, it doesn't fit my personality and trading style.
ATR is usually my stop; T/P is based on fibs, tunnel and S/R levels.
I apply discretion based on what I have learned trading, my current observations and a "feel" for the market. And I have explained which indicator I use in a previous post......you can find it.Ignored
Quoting coolshadesDislikedbeach fozzy : 189, 448,546, 609, 639, 644, 883
fozzy : 1,18,36, 38
i am sure there are a lot more relevant ones from both. fozzy and beach . but these for me encapsulate the two systems..
,Ignored
Quoting 4rexDislikedJason,
Sorry if I am butting in but I too have been struggling with the same situation. I have Oanda (mini) and would like to start doing (10k) trades. With micros you can have a shotgun approach since you are risking pennies per pip, your large stop/loss are easier to digest so.....I am also considering sticking to three majors (euro/usd, gbp/usd, usd/chf). The qualities of a disciplined trader will be even more critical. Who is trading 10k+ with the Fozzy and how many pairs are they targeting?
I guess I will need to switch to a single shot rifle!Ignored
Quoting jlowderDislikedYour money management will have to change drastically for this will it not? I don't know what your balance is, but when moving up to Mini's from Micro's you won't be able to trade nearly as many pairs at a time, or possibly even use multiple lots for a trade. Have you worked out what your approach is going to be given this change?
I was considering minimizing my trading to only those pairs with the highest ATR. Anything under 60, possibly even 70 would be eliminated from consideration. I don't know if my rational for doing this makes sense or not.
What are your thoughts on changing your MM as you increase account size and how this will affect your choices of what to trade?
JasonIgnored
Quoting BeachBumDislikedMy posts here have been about a trading system, not money management. And I have no intention of getting involved in that topic for a variety of reasons. Suffiice to say that I use MM principles that fit me as a trader and my account. I trade fulltime for a living, so my approach might be different from others.
However, there is some outstanding information here at FF about MM, both in the public forum and especially in the PF. Fijitrader has written what could be described as some of the best posts on this topic and I consider his writings a "must read"!.
The "fozzy" method can be used smartly to make $$$. Please be smart about MM too! Cheers fozzy!Ignored
Quoting jlowderDislikedBB,
That's cool, however I believe many on the PF would argue that you do not have a system without money management in place. The two can not be separated. I brought it up because to me the MM aspect will vary depending on the system in play and that there are possibly several "generic" aspects of this that could be shared without delving into ones personal finances. I kind of got the impression from your response you thought I was asking for personal information - which I was not, and I apologize if thats the impression you got.
JasonIgnored
Quoting PipSteveDislikedHi all, just trying to get a feel for the Fozzy signal.
I entered a trade based on this one:
I hope I was correct.Ignored