DislikedHmmm. Strange, they were ok earlier on.
Perhaps the upgrade over the weekend has messed something up on the FF server ?Ignored
Regards
Mouteki Vs Fozzy 8 replies
The Daily Fozzy Method 2,814 replies
Daily Fozzy on all time frames???? 16 replies
The Fozzy EA 389 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
DislikedHmmm. Strange, they were ok earlier on.
Perhaps the upgrade over the weekend has messed something up on the FF server ?Ignored
DislikedCool, I will take this one. Looks solid.
Fresian, thanks for the update! Thanks this will be interesting to follow.
ps.
I have carried the GBPCAD position over the weekend am currently 45pips in green country
PoekIgnored
Dislikedpoek,
hows the cable going for you..
i have moved my sl to 50 when it touched + 70 pips.. unfortunately i dont have trailing s/l on oanda.. so i will leave where it is for now.Ignored
DislikedHi there,
I've decided to step back and demo trade fozzy for a while.
The changes I've made for this are to:
a) take every trade.
b) set no target point
c) set the stops at 50% ATR(20) or the previous day's high/low if it's close enough. The stop is moved to break even on the second day and moved up on subsequent days using 50% ATR.
This was in part inspired by reading steviet's journal - great read if you've got time.
I'll also be backtesting this over the days ahead just to reassure myself that the fozzy crosses give valid signals.
With a trend following system like this where there are lots of little losses and break-evens with major pips gain only once in a while, I'll really need to look at two years data to get an idea of how viable it is. You can see how well it has worked on cable and pound crosses this/last week for example.
I want to forward test for 2 months too on demo but I'll probably get impatient and dive in before that!
I'm also going through Nison's "Candlestick Course" at the moment - I hope to combine the two (fozzy & candles) in the future.
But anyway, taking every trade means a journal is kind of redundant so I won't be posting my trades anymore. I'll try to post my backtest results to get some comments, maybe monthly performance and any other stuff that pops into my head.
Hope people keep posting their trades here or in a new thread maybe entitled "Everyone's fozzy trades".
All the best
MichaelIgnored
Dislikedall three seem to be valid willf fozzy crosses.. in my charts the audusd and eurjpy have crosses the rsi50 only today..
eurchf long cross: not too comfortable about this.. seems to be touching the last 3 months historical high.. doubt i will take this
eurjpy: seems more promising.. strong uptrend
audusd: undecided. might enter with very tight sl and tp.Ignored
Dislikedhi,
can someone post the following indicator?
FX SnipersT3-CCI
thank you
mxbIgnored
DislikedI had these 2 trades today in addition to eurjpy. My charts showed a cross for the audusd yesterday, but only ever so slightly with RSI at 50.07. So my entries on the other two were:
nzdusd: long
entry - 0.6970
S/L - 0.6924
TP1 and 2 - 0.7003 and 0.7058
audnzd: short
entry - 1.1254
S/L - 1.1299
TP1 and 2 - 1.1221 and 1.1166
I also sat out eurchf.
Cheers.Ignored
DislikedCool,
GBPUSD - 15 Jan
Entry: 1.9592
S/L: 1,9532
TP1: 1,9622 (R/R 0,5)
TP2: 1,9707 (R/R 1,92)
My first TP was hit at +30 (I traded at the open today, not the close on Friday, which would have given +8 for the gap). Currently holding another +47 for the 2nd lot and moving stops to B/E.Ignored
Dislikedcool,
Yeah, that's correct. Does anyone else have these setups on nzdusd and audnzd or are there reasons why people are not trading these pairs/setups?
Thanks..Ignored
DislikedI don't track NZD at this moment. CHFJPY i have a cross 3 days back, and only today RSI>50. According to Willf rules this is not an entry.
I was lucky with the open Cable trade. I changed TP to 1.9700 (round number!) and it got hit baggin 108 pips prior to the news tanking cable down to 1.9602 (where my S/L was).
PoekIgnored
Dislikedu r right abt chfjpy.. tomorrow's cross wld be 4th cross since fozzy and hence not a valid willf cross.
i dont see any other willf crosses.. you?
your eurjpy shd be up a few 10-15 pips?Ignored