Now adding daily stoch, too many indicators
Regards
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
DislikedBuuut!!
notice what happens when both k% lines correspond , there is a much more noticable drive behind the price and thats the beauty of combining these two stochs ...again where the stoch lines separate after leaving the overbought 80 zone, then the move doesn't quite have the power behind it.
this is purely down to having two time frames working for you..even if you dont have them on you charts permanently they are still worth a check..
Howard simple is definately best and thanks for posting the chart
thanks
RyeIgnored
DislikedHere are my new trades based on a 4 hr entry. Todays daily on cable will probably close with a small pin bar.Ignored
Dislikedthere tanks eurusd for me.. ah, nothing ventured, nothing gained.Ignored
Dislikedcool..............if I understand you correctly, you went long on the EUR/USD using the 4 hour chart. There's just one problem with that trade: you should have been short from last week on the Daily/4 hour trade that was signaled on 16 May; that would have kept you out of this trade.
from what i have been observing of the 4 hr for the last one month, this is more especially true of the 4 hr isnt it?
Observation: when trading ANY given pair, trade it everyday! from what i have been observing of the 4 hr for the last one month, this is more especially true of the 4 hr isnt it?Ignored
DislikedOnce an entry is made on the 4h I wait for the daily to also give the Fozzy signal. Once this happens I move to the daily and IGNORE all further Fozzy signals on the 4h.
This is how to let your profits run!!!!
Ignored
Dislikedcool..............if I understand you correctly, you went long on the EUR/USD using the 4 hour chart. There's just one problem with that trade: you should have been short from last week on the Daily/4 hour trade that was signaled on 16 May; that would have kept you out of this trade.
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DislikedHi Beach Bum....would it be possible for you to post the 4 hour and the Daily charts up on the thread. On my charts I see the 4 Hour signal you are talking about but the daily is below the BB bands, which I thought was not a Fozzy signal.
I was looking at this last night as a posible long trade.....but decided the rsi amd ma on the daily chart where flat lining with each other and not really crossing......(you could say I'm up 70 pips by not taking it)
Thanks
BillserIgnored
DislikedI do NOT use Bollinger Bands for Fozzy trading and have not used them from almost the very beginning. Hence I look at ALL RSI/MA crosses.Ignored
DislikedDo you think there is any difference in where the cross occurs. e.g. near the 20 line, 50 line or 80 line...
Thanks for sharing
BillserIgnored
DislikedPD, how is this method working for you? Entry on 4H then switching to D1 to let profit run and monitor exit.Ignored
DislikedI was stopped out on my Eur/Usd and Gbp/Usd. Last night Eur Daily did begin the fozzy cross but then uncrossed.
This is the risk with getting in on the 4h to jump the Daily.
BB. How are you using the 4h since you would be in the Daily trade WHEN would you use the 4h to reverse the position?Ignored
DislikedBB. How are you using the 4h since you would be in the Daily trade WHEN would you use the 4h to reverse the position?Ignored
DislikedI cashed out on my 2 trades above for +40 pips because the pairs are beginning to cross again.
I think I need to setup another computer for daily. I am not confortable making an entry in 4H then switching to daily.Ignored
DislikedHi ramrocket!
Please look@my chart. Do you mean this Fozzy cross? But my price of next candle open is +23 then yourth. Is it jus a difference in brokers or I do something wrong?
And please could you tell what was your rule to exit this trade?
Thank you!Ignored