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The Daily Fozzy Method

  • #661
  • Edited 1:20pm Oct 30, 2006 1:06pm | Edited 1:20pm
High & Lows are discretionary over a period of time. Then mid point is 1/2 way. It seems a good filter only taking the short trades when the price is above the mid and vica versa. Have attached a screen shot from the book as an example. I hope I am not upsetting anyone doing this, just easier for me.



Quoting nutmg12
I agree BB.

Steve,
This book is on my book list. How is the High, Mid and Low points calculated?
[attached document removed due to copyright violation]
  • #662
  • Oct 30, 2006 1:08pm Oct 30, 2006 1:08pm
Anything specific?

Quoting carmel
Thanks, Steve. The additional features would be appreciated!
  • #663
  • Oct 30, 2006 2:10pm Oct 30, 2006 2:10pm
Quoting BeachBum
Hi jtrade.......

I don't want to seem rude............but I thought with all the posting I have done on this thread, I've made it very clear HOW I trade the original, basic "fozzy" method with just a few tweeks and a little discretion. If that's not the case, then I need to prepare an indepth explanation and post it "once and for all".
No problem, BB, & I've greatly appreciated your posts. I guess my question was a combination of not wanting to read through the whole thread again to refresh my aging memory (too many Pink Floyd concerts in the 70s... ) & wondering how your discretion is influenced by your interest and use of Vegas' tunnel methods (beyond what you mentioned in post # 645).

J.
  • #664
  • Oct 30, 2006 2:40pm Oct 30, 2006 2:40pm
Quoting BeachBum
.....But the credit should go to fozzy for starting this whole thing. And really, it's a very simple system that does not require a great deal of time and effort to implement successfully. Just trade the basic method and stay away from the urge to add things to make it better, it's just fine the way it is!
Hi BeachBum,
I may have started this thread but you have taken it to the next level. Your tweaking of the system to suit your way of trading is a great lesson for everybody on how to adapt an idea until it matches you and your trading circumstances. Everybody's different and no two traders will trade EXACTLY the same way because no two traders have EXACTLY the same personal circumstances. Your willingness to point the newbies in the right direction is very much appreciated. I have certainly learned a lot from your posts and I wish you continued success.

Cheers

Fozzy
  • #665
  • Oct 30, 2006 3:00pm Oct 30, 2006 3:00pm
Fozzy,

Nice to read a post from the originator! By the way, are you trading the Fozzy and what tweeks have you added? I would also like to acknowledge Beach for his unconditional contribution to this thread.

Thanks
All 4 1 and 1 4 All
  • #666
  • Oct 30, 2006 3:07pm Oct 30, 2006 3:07pm
Hello,


SteveC,

Thank you for the script. We would appreciate more if you have the time. Not sure specifically what would be helpful but I am sure that others will.

All 4 1 and 1 4 All
  • #667
  • Oct 30, 2006 3:30pm Oct 30, 2006 3:30pm
Thank you fozzy........

I stand by what I have written: You got us started. Many of us here (some seen, some unseen) have as you said, adapted a trading method brought to our attention by you, to fit our style, circumstances and personality. We will continue this process as long as there is good reason to do so. But for now.............let's earn some pips the "fozzy" way............


Quoting fozzy
Hi BeachBum,
I may have started this thread but you have taken it to the next level. Your tweaking of the system to suit your way of trading is a great lesson for everybody on how to adapt an idea until it matches you and your trading circumstances. Everybody's different and no two traders will trade EXACTLY the same way because no two traders have EXACTLY the same personal circumstances. Your willingness to point the newbies in the right direction is very much appreciated. I have certainly learned a lot from your posts and I wish you continued success.

Cheers

Fozzy
  • #668
  • Oct 30, 2006 5:19pm Oct 30, 2006 5:19pm
Hello,

Did anyone go long on the usd/cad cross at 5pm est(new bar for my mt4 provider). I am still on the sidelines waiting to see if the cross makes up his mind wether to retrace back under or keep going up.
All 4 1 and 1 4 All
  • #669
  • Oct 30, 2006 5:38pm Oct 30, 2006 5:38pm
Quoting 4rex
Hello,

Did anyone go long on the usd/cad cross at 5pm est(new bar for my mt4 provider). I am still on the sidelines waiting to see if the cross makes up his mind wether to retrace back under or keep going up.
Yes, I did. The cross also coincided with the Vegas daily tunnel for those that use the Vegas model as well.
Attached Image
  • #670
  • Oct 30, 2006 5:39pm Oct 30, 2006 5:39pm
Quoting 4rex
Hello,

Did anyone go long on the usd/cad cross at 5pm est(new bar for my mt4 provider). I am still on the sidelines waiting to see if the cross makes up his mind wether to retrace back under or keep going up.
Went Long at 1.1259.
SL 1.1189 - the full ATR(10) value.
Stubbornly persistent
  • #671
  • Oct 30, 2006 5:39pm Oct 30, 2006 5:39pm
Hi 4rex,

yes i went long...so if you take it, you are not alone ...

I jump to bed now, Europe is 0:42 am now..

FT

Quoting 4rex
Hello,

Did anyone go long on the usd/cad cross at 5pm est(new bar for my mt4 provider). I am still on the sidelines waiting to see if the cross makes up his mind wether to retrace back under or keep going up.
  • #672
  • Oct 30, 2006 6:43pm Oct 30, 2006 6:43pm
Went Long @ 1.1257.

On the Daily charts the Usd/Cad has just come off a perfect Double Low with Higher close @ 1.1177 tying in with the Fozzy signal perfectly.
  • #673
  • Oct 30, 2006 6:50pm Oct 30, 2006 6:50pm
Quoting DaveW
Went Long @ 1.1257.

On the Daily charts the Usd/Cad has just come off a perfect Double Low with Higher close @ 1.1177 tying in with the Fozzy signal perfectly.
Good confirmation for Fozzy.
Attached Image
Stubbornly persistent
  • #674
  • Oct 30, 2006 8:05pm Oct 30, 2006 8:05pm
Okay,

I see that I have company.

Long @ 1.1257 (market+ 50 trail stop)


GO FOZZY!
All 4 1 and 1 4 All
  • #675
  • Oct 30, 2006 8:19pm Oct 30, 2006 8:19pm
Just a heads up for the recent USD/CAD fozzy.
Attached Image
Stubbornly persistent
  • #676
  • Oct 31, 2006 8:17am Oct 31, 2006 8:17am
This post is directed particularly to all of you who have sent me a PM (or were thinking about sending me one) asking me to send you the indicators, settings, list of currency pairs I trade, how I apply discretion, calculate S/L and T/P, etc, etc:

I'm sorry, but I just do NOT have the time to answer you individually and personally. I am a fulltime trader. I pay my bills from Forex trading. As much as I would love to write to everyone, I simply don't have enough hours in a day to do that and earn a living trading.

And I might add.........all the requested information has already been posted in this thread by me or someone else. Please take the time and put forth the effort to do a little research and find what you are looking for.

I have received a wealth of information here at FF in the past year by reading until I can't see straight. My way of saying "Thank you" is to post what I hope is valuable and useful information along with the occasional observation and opinion. I love to forward test and will post relevant results for everyone's consideration.

Now let's go make some $$$ with the "fozzy" method.........

PS......if you have a relevant question, post it here. Someone will respond!
  • #677
  • Oct 31, 2006 8:24am Oct 31, 2006 8:24am
BeachBum is correct in that a lot of information he's probably being asked for is already in the thread.

The simple thing to do is to click on BeachBum's name in one of his posts. A menu will pop up. Select "Find all posts by BeachBum". Then go through and read his posts.

Regards,

stockwet

Quoting BeachBum
This post is directed particularly to all of you who have sent me a PM (or were thinking about sending me one) asking me to send you the indicators, settings, list of currency pairs I trade, how I apply discretion, calculate S/L and T/P, etc, etc:

I'm sorry, but I just do NOT have the time to answer you individually and personally. I am a fulltime trader. I pay my bills from Forex trading. As much as I would love to write to everyone, I simply don't have enough hours in a day to do that and earn a living trading.

And I might add.........all the requested information has already been posted in this thread by me or someone else. Please take the time and put forth the effort to do a little research and find what you are looking for.

I have received a wealth of information here at FF in the past year by reading until I can't see straight. My way of saying "Thank you" is to post what I hope is valuable and useful information along with the occasional observation and opinion. I love to forward test and will post relevant results for everyone's consideration.

Now let's go make some $$$ with the "fozzy" method.........

PS......if you have a relevant question, post it here. Someone will respond!
  • #678
  • Oct 31, 2006 8:34am Oct 31, 2006 8:34am
Thanks for your support......................



Quoting stockwet
BeachBum is correct in that a lot of information he's probably being asked for is already in the thread.

The simple thing to do is to click on BeachBum's name in one of his posts. A menu will pop up. Select "Find all posts by BeachBum". Then go through and read his posts.

Regards,

stockwet
  • #679
  • Oct 31, 2006 8:49am Oct 31, 2006 8:49am
Quoting BeachBum
Thanks for your support......................
Truth be told BB is actually spending most of his time driving up and down the coast with the top down in his cool convertable trading Weekly candles.

Thom
  • #680
  • Oct 31, 2006 8:58am Oct 31, 2006 8:58am




Quoting accrete
Truth be told BB is actually spending most of his time driving up and down the coast with the top down in his cool convertable trading Weekly candles.

Thom
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