Yesterday EURJPY ended stopped on 50% lot, and even on 100% lot.
The Daily Fozzy Method 2,814 replies
The 4 Hour Fozzy Method 233 replies
FOZZY Method CROSSES 808 replies
My Daily Fozzy Trades 337 replies
Monthly Fozzy Method 9 replies
Quoting Triton18DislikedYesterday EURJPY ended stopped on 50% lot, and even on 100% lot.Ignored
Quoting Triton18Disliked"Doesn't every trade end stopped out, either for profit or loss? Which was yours?"
Exactly, one lot stopped, one stopped at breakeven point, as by rules.Ignored
Quoting BeachBumDislikedHello lietuve.....
Would you mind elaborating on how you use the LWMA(2) and LWMA(10)?
Thanks!Ignored
Quoting lietuveDislikedBasically it is as I said, the same. LWMA(2),(HLC/3), Shift(0) and LWMA(2), (HLC/3),Shift(1). At the end of a wave, when the "bubble" is formed, they are good to detect the end of the bubble (once they are crossed, I am out of there). That's the only reason I use them. They save me maybe a day in profits. But, beeing MA(2), they move a lot... I like to experiment a lot, so I won't advice anybody to follow me
See the chart attached and compare. It is the same.
Good day!Ignored
Quoting mikejodyDislikedMiscon, have you considered not only setting your 100% stop loss at the low of the previous day (or high if short) but also setting another order at that point as well?
For instance, you set a limit order to go long at the high of the previous day, the order does not trigger and the market drops to the low of the previous day; then you enter short at that point with a stop loss at the high of the previous day.
I don't know how that would work, but I just noticed today that the signal provider I use, which has been very profitable over a year and a half, uses this exact method. Here is the signal they just sent:
=================================================
BUY AUD/USD at 0.7529, stop loss at 0.7488. Exit trade at 5:00 PM on 10/16/2006
SELL AUD/USD at 0.7488, stop loss at 0.7529. Exit trade at 5:00 PM on 10/16/2006
=================================================
If you look, you will see tat the buy order is the high of the previous day, the stop loss is at the low of the previous day. The sell order is at the low of the previous day, and the sell order's stop loss is at the high of the previous day.
What do you think?
Ignored
Quoting fxwinDislikedHi miscon,
First, I would like to thank you for sharing your indicators with us - a real nice work!!
However, I think there is a problem (not with the indicators!!), but when trying to use them according to Fozzy with different brokers.
Different brokers are using different time zones, and therefore, the daily bars have different closing time (not necassarily 00:00 GMT) and different closing price.
Just to take a look at FXDD and IBFX charts and to compare the daily bars of GBPJPY or EURJPY - they are totally different.
I wonder if there is a way to get the daily closing price at exactly 00:00 GMT into the indicators (no matter what broker we are using).
Thank you very much, keep the good workIgnored
Orders to enter on Sunday, October 16:
Trades for 10.17.2006
Trades for 10.18.2006
Trades for 10.19.2006
Trades for 10.20.2006
Quoting mikejodyDislikedHere are my notes on last week's individual trades, showing how the original Fozzy entry did in comparison to the Alternate Fozzy method.
Orders to enter on Sunday, October 16:
<o></o>
USD/CAD Long:<o></o>
100% Limit Order: 1.1385<o></o>
S/L: 1.1320 <o></o>
TP: 1.1450<o></o>
-20 PIPS <o></o>
<o></o>
Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of open at previous bar high<o></o>
<o></o>
<o></o>
50% Limit Order: 1.1385<o></o>
S/L: 1.1353<o></o>
TP: 1.1417<o></o>
-32 PIPS <o></o>
<o></o>
Would have been +15 PIPS better using bar open traditional Fozzy entry over the alternate entry of bar high<o></o>
<o></o>
EUR/GBP Short<o></o>
100% Limit Order: .6732 <o></o>
S/L: .6756 <o></o>
TP: .6708<o></o>
Even <o></o>
<o></o>
Would have been +21 with trailing bar stop, or +23 had I not moved the stop loss to break even when 50% trade took profit.)<o></o>
<o></o>
Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>
<o></o>
50% Limit Order: .6732 <o></o>
S/L: .6744<o></o>
TP: .6720<o></o>
+12 Pips<o></o>
<o></o>
Would have been +6 pips better if trade opened at bar open (traditional Fozzy method) rather than previous bar high.<o></o>
<o></o>
<o></o>
<o></o>
NZD/USD Short<o></o>
100% Limit Order: .6554 <o></o>
S/L: .6615<o></o>
TP: .6493<o></o>
-45 Pips (no follow through on the market, simply a losing trade)<o></o>
<o></o>
Would have been +16 PIPS if using traditional Fozzy entry at bar open<o></o>
<o></o>
50% Limit Order: .6554 <o></o>
S/L: .6584<o></o>
TP: .6524<o></o>
-30 Pips<o></o>
<o></o>
Would have been + 16 PIPS if using traditional Fozzy entry at bar open<o></o>
<o></o>
<o></o>
GBP/JPY Long
100% Limit Order: 222.37
S/L: 221.61
TP: 223.13
<o></o>
Would have been -34 PIPS if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 222.37
S/L: 221.99
TP: 222.75
<o></o>
Order Expired
<o></o>
Would have been -34 PIPS using traditional Fozzy entry at bar open<o></o>
Trades for 10.17.2006
<o></o>
GBP/USD Long<o></o>
100% Limit Order: 1.8646 <o></o>
S/L: 1.8521 <o></o>
TP: 1.8771<o></o>
+125 PIPS <o></o>
<o></o>
Would still be in this trade at +188 pips if using the trailing bar stop method<o></o>
<o></o>
Would be +33 PIPS if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 1.8646 <o></o>
S/L: 1.8584<o></o>
TP: 1.8708<o></o>
+22 PIPS<o></o>
<o></o>
Would be + 33 PIPS if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
USD/CHF Short <o></o>
100% Limit Order: 1.2692 <o></o>
S/L: 1.2752 <o></o>
TP: 1.2632<o></o>
Even<o></o>
<o></o>
Would have been + 15 PIPS using traditional Fozzy entry<o></o>
<o></o>
Would have been – 18 PIPS using trailing bar stop<o></o>
<o></o>
50% Limit Order: 1.2692 <o></o>
S/L: 1.2722<o></o>
TP: 1.2662<o></o>
+30 Pips<o></o>
<o></o>
Would have been + 15 PIPS using traditional Fozzy entry<o></o>
<o></o>
<o></o>
EUR/USD Long<o></o>
100% Limit Order: 1.2536<o></o>
S/L: 1.2489<o></o>
TP: 1.2583<o></o>
Even<o></o>
<o></o>
Would have been +9 PIPS using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 1.2536 <o></o>
S/L: 1.2512<o></o>
TP: 1.2560<o></o>
-24 PIPS<o></o>
<o></o>
Would have been + 9 PIPS using traditional Fozzy entry<o></o>
<o></o>
<o></o>
USD/JPY Short<o></o>
100% Limit Order: 119.00<o></o>
S/L: 119.78<o></o>
TP: 118.22<o></o>
Even<o></o>
<o></o>
Would have been + 2 PIPS using traditional Fozzy entry<o></o>
<o></o>
Would have been – 10 PIPS using trailing bar stop<o></o>
<o></o>
50% Limit Order: 119.00 <o></o>
S/L: 119.39<o></o>
TP: 118.62<o></o>
+ 38 PIPS<o></o>
<o></o>
Would have been + 2 PIPS using traditional Fozzy entry<o></o>
<o></o>
<o></o>
NZD/USD Long<o></o>
100% Limit Order: .6598<o></o>
S/L: .6545<o></o>
TP: .6651<o></o>
+53 PIPS<o></o>
<o></o>
Would still be in this trade at +83 PIPS if using trailing bar stop<o></o>
<o></o>
Would have been +4 PIPS using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: .6598 <o></o>
S/L: .6571<o></o>
TP: .6625<o></o>
+27 PIPS<o></o>
<o></o>
Would have been +4 PIPS using traditional Fozzy entry<o></o>
<o></o>
<o></o>
EUR/CAD Long<o></o>
100% Limit Order: 1.4258 <o></o>
S/L: 1.4201<o></o>
TP: 1.4315<o></o>
+57 PIPS<o></o>
<o></o>
Would have been + 9 PIPS if using traditional Fozzy entry<o></o>
<o></o>
Would have been -35 PIPS if using trailing bar stop<o></o>
<o></o>
50% Limit Order: 1.4258 <o></o>
S/L: 1.4229<o></o>
TP: 1.4287<o></o>
-29 PIPS<o></o>
<o></o>
Would have been + 9 PIPS if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
GBP/JPY Short<o></o>
100% Limit Order: 221.38<o></o>
S/L: 222.18<o></o>
TP: 220.58<o></o>
-80 PIPS<o></o>
<o></o>
Would have been + 20 PIPS if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 221.38 <o></o>
S/L: 221.78<o></o>
TP: 220.98<o></o>
-40 PIPS<o></o>
<o></o>
Would have been + 20 PIPS if using traditional Fozzy entry. This currency pair (GBP/JPY) seems to be an awfully choppy pair, initiating opposing signals nearly every day for weeks. <o></o>
Trades for 10.18.2006
<o></o>
EUR/CHF Short
100% Limit Order: 1.5880
S/L: 1.5926
TP: 1.5834
<o></o>
Would have been -21 if traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 1.5880
S/L: 1.5903
TP: 1.5857
<o></o>
Would have been -21 if traditional Fozzy entry<o></o>
<o></o>
Order Not Filled
<o></o>
<o></o>
GBP/JPY Long<o></o>
100% Limit Order: 222.57 <o></o>
S/L: 221.21 <o></o>
TP: 223.93<o></o>
+36 PIPS<o></o>
<o></o>
Would have been +44 if traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 222.57 <o></o>
S/L: 221.89<o></o>
TP: 223.25<o></o>
-68 PIPS<o></o>
<o></o>
Would have been + 44 if traditional Fozzy entry<o></o>
<o></o>
Would have been -108 if using trailing bar stop exit <o></o>
Trades for 10.19.2006
<o></o>
USD/CAD Short<o></o>
100% Limit Order: 1.1354 <o></o>
S/L: 1.1412<o></o>
TP: 1.1296<o></o>
+58 PIPS<o></o>
<o></o>
Would have been +6 if using traditional Fozzy entry<o></o>
<o></o>
Would still be in this trade at +113 PIPS if using trailing bar exit close<o></o>
<o></o>
50% Limit Order: 1.1354 <o></o>
S/L: 1.1384<o></o>
TP: 1.1325<o></o>
+29 PIPS<o></o>
<o></o>
Would have been +6 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
EUR/CAD Short<o></o>
100% Limit Order: 1.4216 <o></o>
S/L: 1.4320 <o></o>
TP: 1.4112<o></o>
<o></o>
Would be +23 if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 1.4216 <o></o>
S/L: 1.4268<o></o>
TP: 1.4164<o></o>
<o></o>
Order did not trigger<o></o>
<o></o>
Would be + 23 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
Trades for 10.20.2006
<o></o>
GBP/CHF Short <o></o>
100% Limit Order: 2.3587 <o></o>
S/L: 2.3739<o></o>
TP: 2.3435<o></o>
Trade still open<o></o>
<o></o>
Would be + 26 if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 2.3587 <o></o>
S/L: 2.3662<o></o>
TP: 2.3512<o></o>
-75 PIPS<o></o>
<o></o>
Would be + 26 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
GBP/JPY Short<o></o>
100% Limit Order: 221.34 <o></o>
S/L: 222.29<o></o>
TP: 220.39<o></o>
<o></o>
Would be -48 PIPS if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 221.34<o></o>
S/L: 221.81<o></o>
TP: 220.87<o></o>
<o></o>
Would be -48 PIPS if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
CHF/JPY Long<o></o>
100% Limit Order: 94.06<o></o>
S/L: 93.50<o></o>
TP: 94.62<o></o>
<o></o>
Trade still open<o></o>
<o></o>
Would be + 14 PIPS if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 94.06 <o></o>
S/L: 93.81<o></o>
TP: 94.33<o></o>
+ 27 PIPS<o></o>
Would be + 14 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
AUD/JPY Short
100% Limit Order: 89.49
S/L: 89.88
TP: 89.10
<o></o>
Would be -20 if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 89.49
S/L: 89.69
TP: 89.29
<o></o>
Would be -20 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
CAD/JPY Long<o></o>
100% Limit Order: 104.86 <o></o>
S/L: 104.17 <o></o>
TP: 105.56<o></o>
+70 PIPS<o></o>
<o></o>
Would be + 6 if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 104.86 <o></o>
S/L: 104.51<o></o>
TP: 105.21<o></o>
+ 35 PIPS<o></o>
<o></o>
Would be + 6 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
AUD/NZD Short<o></o>
100% Limit Order: 1.1332 <o></o>
S/L: 1.1407<o></o>
TP: 1.1257<o></o>
<o></o>
Would have been + 16 if using traditional Fozzy entry<o></o>
<o></o>
50% Limit Order: 1.1332 <o></o>
S/L: 1.1369<o></o>
TP: 1.1295<o></o>
<o></o>
Would have been + 16 if using traditional Fozzy entry<o></o>
<o></o>
<o></o>
TOTAL 176 PIPS<o></o>
Fozzy Traditional +282<o></o>
Total: 458<o></o>
Would be +152 without GBP/JPY trades<o></o>
Ignored