QuoteDislikedWell, for my own selfish interests, I hope you're wrong.
I am with this guy.
The Daily Fozzy Method 2,814 replies
The 4 Hour Fozzy Method 233 replies
The Fozzy EA 389 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
Monthly Fozzy Method 9 replies
DislikedI'm just curious what everyone decided to do with today's crosses on NZD. I have fozzy signals on AUDNZD and NZDUSD. I don't normally ask for public confirmation on crosses that I can see clearly in front of me, but I'm asking because these crosses were solely created by the RBNZ's intervention last night. This is like a cross that has been created as a result of a huge NFP number.I'm not trying to get anyone to make my decision for me - I've already taken both crosses. But I'd just like to know how others are approaching it.Ignored
DislikedPast experinece has taught me that when I break my trading system rules, the result is not in my best interests.................Ignored
DislikedAgreed. Fozzy gave me 3 signals last night - NZDUSD, AUDNZD, and EURGBP. When I woke up, my 0.5 lots of AUDNZD had been stopped out at -43. My NZDUSD is still open and sitting at almost BE. And on EURGBP, 0.3 lots have closed at +24 and I have another 0.3 lots of EURGBP open at +23. (Notice that the negative AUDNZD and the positive EURGBP that have closed basically cancel each other out, since the EURGBP pips are worth so much more.) So the lesson that I take from this (as I have been learning repeatedly over the last few months) is to just trade them all.
In fact, when you look at everything that happened last night, including the fozzy trades that I had open from the day before, I made 144 pips in closed trades while I slept last night. Good, good stuff.Ignored
DislikedAgreed. Fozzy gave me 3 signals last night - NZDUSD, AUDNZD, and EURGBP. When I woke up, my 0.5 lots of AUDNZD had been stopped out at -43. My NZDUSD is still open and sitting at almost BE. And on EURGBP, 0.3 lots have closed at +24 and I have another 0.3 lots of EURGBP open at +23. (Notice that the negative AUDNZD and the positive EURGBP that have closed basically cancel each other out, since the EURGBP pips are worth so much more.) So the lesson that I take from this (as I have been learning repeatedly over the last few months) is to just trade them all.
In fact, when you look at everything that happened last night, including the fozzy trades that I had open from the day before, I made 144 pips in closed trades while I slept last night. Good, good stuff.Ignored
DislikedByteB i'm on the NZD/USD and AUD/NZD, and both are still running:
AUD/NZD -26 pips
NZD/USD +4 pips.So my question is what was your SL?Ignored
DislikedBB, do you still use ATR(10) to figure out SL?
I entered USD/NZD yesterday as well with SL at 82 pips. It is still open but not much is going on now at -15.Ignored
DislikedOn my chart the cross on AUD/USD was in 11.06.The rules of the Fozzy method tel us to enter the next day.
PS:Byteb if you like to use trailing stops use them but after you close your first lot in profit, then it wont bother you if it turns back on you;thats how i do it.Ignored
DislikedActually I am positive that there was no signal at the open of the 6/12 candle......I was at work so can't take the cross on the 4h. I wish I could down load meta on the work PC...Ignored