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The Daily Fozzy Method

  • #741
  • Nov 3, 2006 11:51am Nov 3, 2006 11:51am
BB,
I can program most stuff but indicators tend to have some wierd calculations in them so interpretation can be very difficult and unfortunately I am not a mathamatician. I always check to see if indicators change their values after they become +1 or more as I have seen several examples of dots and crosses etc moving well after the event. Sorry I can't be of any more help, I have even checked 2 years of old emails to see if I could find the postings relating to this but can't see them and can't remeber the subject title.

Its better to use simple thing without being simplistic, so I read.

Fozzy's system has relit my efforts and I have made some +ve trades this week. The problem is to stop tweaking the systema nd to just enjoy its fruits as and when they come.

Good Luck
Steve



Quoting BeachBum
Steve...............I believe you are correct about the "moving" dots. If you actually write down the location of these dots on a chart, I think you will find that they move as the price changes until some point in time when they stop moving. I have not researched this, but would enjoy reading an explanation of how this indicator works.
  • #742
  • Nov 3, 2006 11:52am Nov 3, 2006 11:52am
No in the experts/scripts. see my earlier post if they don't show immediately



Quoting pharmadap
Thanks for the files but where do i save them in the expert directory.thanks
  • #743
  • Nov 3, 2006 12:02pm Nov 3, 2006 12:02pm
I agree about not trying to tweek the fozzy method until it is unrecognizeable. I trade it in it's basic form with only a few minor changes. I did find your use of PPs fascinating and will take a look at that. In the meantime, I earn pips every week with the "fozzy". Thanks very much for your comments, ideas and help for the newbies.



Quoting stevecartwright
BB,
I can program most stuff but indicators tend to have some wierd calculations in them so interpretation can be very difficult and unfortunately I am not a mathamatician. I always check to see if indicators change their values after they become +1 or more as I have seen several examples of dots and crosses etc moving well after the event. Sorry I can't be of any more help, I have even checked 2 years of old emails to see if I could find the postings relating to this but can't see them and can't remeber the subject title.

Its better to use simple thing without being simplistic, so I read.

Fozzy's system has relit my efforts and I have made some +ve trades this week. The problem is to stop tweaking the systema nd to just enjoy its fruits as and when they come.

Good Luck
Steve
  • #744
  • Nov 3, 2006 12:56pm Nov 3, 2006 12:56pm
Quoting stevecartwright
No in the experts/scripts. see my earlier post if they don't show immediately
I just added the indicator now but it seems the s/r levels correspond to my pivot system levels.what do u think??
  • #745
  • Nov 3, 2006 1:11pm Nov 3, 2006 1:11pm
I agree about not trying to tweek the fozzy method until it is unrecognizeable. I trade it in it's basic form with only a few minor changes. I did find your use of PPs fascinating and will take a look at that. In the meantime, I earn pips every week with the "fozzy". Thanks very much for your comments, ideas and help for the newbies.


Amen!!!!!!!!!!!!!!!!!!
  • #746
  • Nov 3, 2006 1:12pm Nov 3, 2006 1:12pm
Does anybody knows where did Fozzy go? He creayed this system..but now it seems like he vanished from th eface of the planet....or is he drinking margaritas on the deck of his yatch in the caribbean?
  • #747
  • Nov 3, 2006 1:14pm Nov 3, 2006 1:14pm
By the way, PTOURNIS can you share what are the "minor tweaks" that you have added to "fozzy"? Have they improved your results?
  • #748
  • Edited Nov 4, 2006 3:24am Nov 3, 2006 6:03pm | Edited Nov 4, 2006 3:24am
Hello,


Since we are speaking about tweaks I'll share mine but it is too early to declare them a success. I follow the Fozzy but I added Fractals and FX Sniper's LSMA for extra confirmation. I enter when: The cross, the fractal and the color of the LSMA are all in agreement. See daily chart for eur/chf for today for a demonstration of what I am talking about. Sorry but I haven't try to learn how to include charts....is it easy?
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  • #749
  • Edited 10:14pm Nov 3, 2006 6:26pm | Edited 10:14pm
Hi,

I would make the same comments I made about the method
in thread http://www.forexfactory.com/forexfor...ead.php?t=9823

All these methods should indicate what margin and leverage
they use, and how to manage the margin and leverage.

By the way more than 80% do not understand the difference between
Margin and Leverage. And studies showed that 95% lose even if they
have a winning systemt because of the lack of understanding the difference
between the two.

Link removed Rule 3
  • #750
  • Nov 3, 2006 9:30pm Nov 3, 2006 9:30pm
The indicator I was referring to was for the alert you posted for me in your post #690 not the Camarillo but the Alert .That's the one that would not run when I tried to load it. Thanks for the reply though. I'll try the extra advice you mentioned.



Quoting stevecartwright
The camarilla pivot is not an EA but a script. You put it in the scripts folder and then double click it when you are in a chart. It only runs on the chart you are observing. For example it will run alongside an EA to execute activities when you want them to. You could build one for closing ALL orders for example.

The other thing if you experience prolems after adding EA's to your directory either close MT4 and restart or modify and recompile making sure you make a small change e.g. some spaces in the header so that the * comes up by the name.

What is happening is that you are adding/changing the source code but not regenerating the executable.

Hope that helps.

PS I can make the Camarilla show on all bars if thats what anyone wants.
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #751
  • Nov 4, 2006 6:26am Nov 4, 2006 6:26am
Quoting BeachBum
I agree about not trying to tweek the fozzy method until it is unrecognizeable. I trade it in it's basic form with only a few minor changes. I did find your use of PPs fascinating and will take a look at that. In the meantime, I earn pips every week with the "fozzy". Thanks very much for your comments, ideas and help for the newbies.
Hi BB

Are you using the original Daily Fozzy Method or have you modified it in any way?
I am referring to the fact that you say you are making pips every week with Fozzy.

Regards

howard
Regards
  • #752
  • Nov 4, 2006 6:53am Nov 4, 2006 6:53am
I use the plain vanilla fozzy method. I do look at the weekly for big picture trend. I do not take entries contrary to the weekly trend. As far as exit, I used what Fozzy orginally used (40 pips with a ts of 25). Some people would die to get 40 pips per trade. Let's not be greedy, you cannot perfectly time the exit to get the most possible pips without leaving some on the table. You have to let go of that logic.
  • #753
  • Nov 4, 2006 7:14am Nov 4, 2006 7:14am
This must have been answered before but I couldn't find it. Which pairs do you find that is suitable to use fozzy?

Apparently GBPUSD is great, EURUSD is ok, EURAUD is not (from my manual backtesting).
Target: Trading naked.
  • #754
  • Nov 4, 2006 9:16am Nov 4, 2006 9:16am
Hello Howard.........

The answer to your question lies within this thread. Look at all the posts or just do a search of my posts in this thread. You'll learn a lot if you do.


Quoting howard
Hi BB

Are you using the original Daily Fozzy Method or have you modified it in any way?
I am referring to the fact that you say you are making pips every week with Fozzy.

Regards

howard
  • #755
  • Nov 4, 2006 11:52am Nov 4, 2006 11:52am
Steve, by my charts, it appears the GPB/USD & AUD/USD have given a sell signal - I have attached a chart. By the Fozzy method, the sell trades would happen at the open of the next trading day. Is that correct, or are there other parameters that should be looked at? I have attached a chart & would appreciate any comments or discussion by all.

thanks

Shotshell
Attached File(s)
File Type: zip Chart23.zip   40 KB | 612 downloads
  • #756
  • Nov 4, 2006 12:05pm Nov 4, 2006 12:05pm
Quoting shotshell
Steve, by my charts, it appears the GPB/USD & AUD/USD have given a sell signal - I have attached a chart. By the Fozzy method, the sell trades would happen at the open of the next trading day. Is that correct, or are there other parameters that should be looked at? I have attached a chart & would appreciate any comments or discussion by all.

thanks

Shotshell
I believe he ignores the open on Sundays. On some charts it just lasts a few hours anyway. Personally, I would take it on the Sunday open anyway given the looks of the chart.. I also used price action to pre-empt the entries on GBP/USD and EUR/USD.

Jason
  • #757
  • Nov 4, 2006 5:09pm Nov 4, 2006 5:09pm
Hello,

Depending on where you live and your server, these pairs show entries signals for Sunday @ 5pm est (that is when my new candle with SBFX starts). In my case I use Fozzy for my entries except that for extra comfirmation I also look at the weekly trend (I rarely go against the trend), Fractals (arrow pointing down for long and viceversa) and Sniper Fx LSMA (green for long/ red for short). For SL I use Beach Bum's ATR and for profit I like to use trailing stops at the breakeven point and followed with adjustment to protect my profits even further. But folks, I am not pontificating about what I am doing nor is this tweaking for public consumption. I am basically using my demo account to test and build my confidence with the Fozzy. So please feel free to check these signals and let me know if you see what I see and if you don't help me understand why you don't . I am here to learn and share .

Ok, here we go:

Usd/chf (long)
Usd/jpy (long)
Aud/usd (short even though the LSMA still shows green there is major resistance going back to 4/2005.)

Thanks again to all that have contributed to this thread.
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  • #758
  • Nov 4, 2006 9:35pm Nov 4, 2006 9:35pm
Quoting www.singahut.co
Hi,

I would make the same comments I made about the method
in thread http://www.forexfactory.com/forexfor...ead.php?t=9823

All these methods should indicate what margin and leverage
they use, and how to manage the margin and leverage.

By the way more than 80% do not understand the difference between
Margin and Leverage. And studies showed that 95% lose even if they
have a winning systemt because of the lack of understanding the difference
between the two.

Link removed Rule 3
Thanks for your concern. Maybe you should start your own thread on MM. There all over the FF Factory. Fozzy mentions in the first couple posts of this thread what this is about. MM is up to the individual. Did you read the whole thread?
  • #759
  • Nov 5, 2006 4:21am Nov 5, 2006 4:21am
Ntmg12,


I agree with your statement. They removed his link to what seemed to be a form of advertisement. By the way, I lived in Steamboat Springs for a couple of years.... a special place for my wife and I.
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  • #760
  • Nov 5, 2006 4:28am Nov 5, 2006 4:28am
4rex


The weekly trends on USD/JPY and AUD/JPY is counter to the signal. No?
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