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The 4 Hour Fozzy Method

  • #41
  • Apr 12, 2007 2:39pm Apr 12, 2007 2:39pm
The solution is what we are here for; use fozzy on 4hr chart
Regards
  • #42
  • Apr 12, 2007 2:46pm Apr 12, 2007 2:46pm
...........and we have a "buy" signal on the four hour chart, with an open price of 103.28. Because I do not have a screenshot of the Daily chart in "realtime", I cannot show that the Daily chart would have shown a RSI/MA cross in progress, although not yet complete. Because approximately one-half of the price movement for this day had already occurred, half of the very large Daily "up" candle would be in place. This setup would have been an ideal "buy" opportunity, and would added about 100 pips to an excellent Fozzy trade. The total upward movement on this trade was about 150 pips.

Next time I'll show a single Daily candle trade using this same setup; helping to avoid "false" or "incomplete" daily signals.
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  • #43
  • Apr 13, 2007 8:04am Apr 13, 2007 8:04am
Here is how this trade would have played out using the 4 hour signal as a trigger:
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  • #44
  • Apr 26, 2007 3:48pm Apr 26, 2007 3:48pm
Damn you BB, now you got me interested and I have to open a new demo account to test this out hehe
I'm setting up on 4H charts with the HMMA posted by JokersWild as filter and as he said, alert to tell me to go and take a look.
  • #45
  • Apr 27, 2007 8:29am Apr 27, 2007 8:29am
beach?
  • #46
  • Apr 27, 2007 10:21am Apr 27, 2007 10:21am
already banking pips with the 4 hour brother.................

Quoting coolshades
beach?
  • #47
  • Apr 27, 2007 10:27am Apr 27, 2007 10:27am
Sorry jafar that I have piqued your interest in a way that could put more pips into your trading account.............

But the 4 hour does work nicely when properly applied........today is a very good example with the GBP/JPY and GBP/CHF. The 4 hour gave 'buy' signals in advance of a Daily Fozzy signal to buy. Up almost 100 on each pair......another great Fozzy day!

Quoting jafar00
Damn you BB, now you got me interested and I have to open a new demo account to test this out hehe
I'm setting up on 4H charts with the HMMA posted by JokersWild as filter and as he said, alert to tell me to go and take a look.
  • #48
  • Apr 27, 2007 3:34pm Apr 27, 2007 3:34pm
same here same here..

Quoting BeachBum
already banking pips with the 4 hour brother.................
  • #49
  • Apr 30, 2007 11:19am Apr 30, 2007 11:19am

beach?


ps : hope you dont mind if i make some calls for some time..

  • #50
  • Apr 30, 2007 1:05pm Apr 30, 2007 1:05pm
by all means, please do.........

I will suggest however, that before you start posting your trade setups, you explain how you will be using the 4 hour charts to signal a trade. Then there won't be any doubt about your method as well as the indicators you're using. I'm looking forward to your successes...........all the best!


Quoting coolshades

beach?




ps : hope you dont mind if i make some calls for some time..

  • #51
  • Apr 30, 2007 8:32pm Apr 30, 2007 8:32pm
Combining Joker's modified HMA with Fozzy signals it will bring you pretty good pips, ofcourse in H4 time period. Maybe you wonder how !? Well it seems HMA predicts earlier a reverse or a market move and if you apply it you will see that this modified HMA is a step in front of Fozzy signal

Great stuff.
Brainstorming ... the ...
  • #52
  • May 1, 2007 9:19am May 1, 2007 9:19am
am not doing anything radical and no doubt beach has already taken this to an art form. i take a 4 hr entry if the following conditions are met

 

  1. i am able to access the system (given that i have a job)
  2. there is a fozzy cross on 4 hr
  3. solar wind supports the cross
  4. rsi is heading towards ma on daily
  5. solar wind supports the trade on daily

i have taken only 3 trades,all on gbp chf, all + ve

i am keen to know how many trade the 4 hr fozzy alone rather than combining it with the daily fozzy

  • #53
  • May 1, 2007 9:20am May 1, 2007 9:20am
HMA repaints
Regards
  • #54
  • May 10, 2007 1:28pm May 10, 2007 1:28pm
Hi guys, I thought I will post this here. I studied the daily version but I've been trading live on 4H. I took the same same Fozzy configuration and placed it on my 4H chart and saw alot of trade opportunities today 10AM MTN but I went with EUR/JPY.

Fozzy 4H works! I just used MACD for confirmation.

+92pips gained.
Attached Image
  • #55
  • May 10, 2007 4:22pm May 10, 2007 4:22pm
ramrocket.............I'm not sure how you did this because I did not get a valid signal on the 4 hour chart until the very long down candle was complete. However, there was a 'sell' signal on the 1 hour and the price broke below the trend line on the 4 hour. Either way..............well done!

Quoting ramrocket
Hi guys, I thought I will post this here. I studied the daily version but I've been trading live on 4H. I took the same same Fozzy configuration and placed it on my 4H chart and saw alot of trade opportunities today 10AM MTN but I went with EUR/JPY.

Fozzy 4H works! I just used MACD for confirmation.

+92pips gained.
Attached Image
  • #56
  • May 10, 2007 8:12pm May 10, 2007 8:12pm
Quoting BeachBum
ramrocket.............I'm not sure how you did this because I did not get a valid signal on the 4 hour chart until the very long down candle was complete. However, there was a 'sell' signal on the 1 hour and the price broke below the trend line on the 4 hour. Either way..............well done!
Beach, I'm not sure if we have a diff in charting but it was a beautiful signal with a small round top of the MACD pattern. The pair still going +10 pips since I closed. I am now eye'ing cad/jpy, gbp/usd for a long signal.

I like 4H - I won't hesitate trading this system using this time frame.
  • #57
  • May 10, 2007 9:59pm May 10, 2007 9:59pm
Very good results......I like 4 hour too, under the right conditions, it's a winner. Please continue to post your results!

Quoting ramrocket
Beach, I'm not sure if we have a diff in charting but it was a beautiful signal with a small round top of the MACD pattern. The pair still going +10 pips since I closed. I am now eye'ing cad/jpy, gbp/usd for a long signal.

I like 4H - I won't hesitate trading this system using this time frame.
  • #58
  • May 11, 2007 4:59am May 11, 2007 4:59am
Hi ramrocket

You have taken a trade which has been very good, however even on your chart the fozzy signal appears at the close of the very long bar where in fact you have taken your profits.

The entry was not a confirmed fozzy signal.
Regards
  • #59
  • Edited 12:01pm May 11, 2007 10:13am | Edited 12:01pm
4 beautiful signals generated this am. GBP/USD, EUR/EUD,EUR/JPY, & AUD/USD.

I went for GBP and EUR.
long on gbp/usd @1.9794 SL @ 1.9757 up + 37 pips
long on eur/usd @ 1.3488 SL @ 1.3460 up + 32 pips

EUR/JPY had a long tail on the bottom and wide SL so I didnt go for it. Too bad because the pair has moved 100 pips.

Update:
Closed 2 trades for the weekend. I'm up 137 pips live just in 2 days on 3 trades 100% winners using this system in 4H.
  • #60
  • May 11, 2007 1:28pm May 11, 2007 1:28pm
Quoting howard
Hi ramrocket

You have taken a trade which has been very good, however even on your chart the fozzy signal appears at the close of the very long bar where in fact you have taken your profits.

The entry was not a confirmed fozzy signal.
Hi Howard, I think that's where we differ a little bit. I dont wait for the close of the signal candle per se. If I have waited for a candle close on this trade, there won't be much pips left for profit. When I see a high probability MACD pattern and at least 1 blue or red histogram bar, I will make my entry and not wait for the signal candle to close.
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