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The Daily Fozzy Method

  • #1,021
  • Nov 21, 2006 7:14am Nov 21, 2006 7:14am
Wasn't he talking about cable (GBPUSD)?

Quoting stockwet
Art,

I don't have the EURGBP setup to trade. But, it does look like a valid signal on my chart.

stockwet
  • #1,022
  • Nov 21, 2006 7:18am Nov 21, 2006 7:18am
Again, some here may not be familiar with a "Bago" entry. How about a simple explanation and maybe a posted chart for reference. The more info we all share, the more fish we catch........

Quoting ratherbesailing
G'Day All,


BB thanks for the push in expanding my tech knowledge, have it all set up and hook line and sinker are in the tide and looks like a few nibbles.

To Fozzy, re post 1001 I have to have a chuckle at the not watching charts all day caus' instead I'm going through this thread all day......lol

Now for my limited 2 pips worth, I have used (and in an effort to remain mechanical) when you have the Fozzy set up, using a Baggo entry if available, and so far so good. It simply pays for my stop.

Was that a valid contibution??? ..........hope so......... I feel good..........

Regards

RBS
  • #1,023
  • Nov 21, 2006 7:19am Nov 21, 2006 7:19am
I know it's early in Utah, so we understand that you missed the tab at the bottom of his posted chart...........EUR/GBP..........



Quoting smjones
Wasn't he talking about cable (GBPUSD)?
  • #1,024
  • Nov 21, 2006 7:22am Nov 21, 2006 7:22am
Wow, that is strange, I don't have a tab showing, just text... Hmm.. Thanks for the heads up. please just disregard my intrusion. Got a box with an x...



Quoting BeachBum
I know it's early in Utah, so we understand that you missed the tab at the bottom of his posted chart...........EUR/GBP..........
  • #1,025
  • Nov 21, 2006 7:26am Nov 21, 2006 7:26am
I took a total of 4 trades last night. I entered 2 hours late but since there wasn't much movement it didn't really matter. Here's a chart of what I think is going to be a stellar performer.
http://www.aforexblog.com/wp-content...f-11-20-06.gif

Just by looking at the chart you can see that it was in a down trend but has now (at least in the short term) reversed and started to trend up. Then the Fozzy signal hit, and I entered. This pair has been kind to me in the past.

Btw, my success rate is only 48% with Fozzy's trading method. I feel the blame lies mostly on my shoulders, but since I use good money management, my account is still up 15%.
So far so good.
  • #1,026
  • Nov 21, 2006 7:27am Nov 21, 2006 7:27am
Wait a minute...............you're a moderator and you can't see his posted chart? Where is Merlin? This needs to be corrected right away!!! We can't allow this type of situation to continue!!!..........

Quoting smjones
Wow, that is strange, I don't have a tab showing, just text... Hmm.. Thanks for the heads up. please just disregard my intrusion. Got a box with an x...
  • #1,027
  • Edited 7:47am Nov 21, 2006 7:31am | Edited 7:47am
Well my guess is it is on my end, because I have seen this little box with a red x before. and It was on my side... Besides, Now that I bring up EURGBP, I can see what he was talking about... LOL

Quoting BeachBum
Wait a minute...............you're a moderator and you can't see his posted chart? Where is Merlin? This needs to be corrected right away!!! We can't allow this type of situation to continue!!!..........
  • #1,028
  • Nov 21, 2006 7:46am Nov 21, 2006 7:46am
Mr. Pipper.......thank you for the concern. I may have to settle for less than 175 pips on this trade, we'll see how the week progresses. It's been up 25, right now I'm up 10.

Quoting Ghostpipper
u might wanna check the volatility this week Mr Bum everyone says its going to be SUPER SUPER LOW, geez gbp has been ranginging within 40 pips now for 2 days how crappy huh....... I wouldnt do any swings till after the holiday but its a scalpers paradise IMO !!!
  • #1,029
  • Nov 21, 2006 8:04am Nov 21, 2006 8:04am
Scott............I'm thinking the primary question should be: Should we start a new thread devoted to modified "fozzy" trading? Yes or No. That would leave this thread for posts related only to the original method.

Others here may want to add to or modify this poll. Any comments?
Quoting smjones
Yes, I can add a poll here. Just let me know what your questions are and your wish is my command... thanks Scott
  • #1,030
  • Nov 21, 2006 8:42am Nov 21, 2006 8:42am
Quoting Vince-AC
jason,
just wanted to say that this is excellent work. i don't know where you got the idea for solar and the channels, but it is very,very good stuff. i have been using fozzy on lower time frames and your ideas look very promising. hard to tell by eyeballing because of solar repaint, but it looks powerful.
there are a lot of brillant minds on this forum. you are certainly among them. i would like to thank you on behalf of all the not so smart lurkers like me.

thanks again.....vince
Vince,

A guy I know named David, out of Houston, had been mentioning the solar channels for some time and I finally decided to take a look at them. The donchian channels were introduced to me from the very first system I saw here on FF, the HAT by twoblink.

Hope you can make use of them.

Jason
  • #1,031
  • Nov 21, 2006 8:45am Nov 21, 2006 8:45am
Quoting Jacgyc
Hi Jason,

Can you explain how to use the channel?

Thank you in advance.
It is basically a support and resistance line. The line at the top is your main resistance and the line at the bottom is your support. Look for price to stall or bounce back off of those lines. Of course there could be other lines inbetween those two, but these tend to be the highs and lows to look for. Taking fozzy trades off these lines CAN be added confirmation of the trade. Or use price action for that matter... PinBars off those lines work nicely too.

Jason
  • #1,032
  • Nov 21, 2006 9:12am Nov 21, 2006 9:12am
Quoting BeachBum
Should we start a new thread devoted to modified "fozzy" trading?
My guess is that this thread will fizzle down to very low activity fairly fast if a new *modified Fozzy" thread is started : the original Fozzy entry rules are clear, so why split a discussion on stop and target levels between two threads, just beacause some of us are discussing entry filters ?

So my 2 pips is to keep this thread going... but I will happily support a new one if that's the consensus.

J.
  • #1,033
  • Nov 21, 2006 9:33am Nov 21, 2006 9:33am
i am in this, on the gbpusd,gbpjpy and gbpchf, all valid crosses on the gmt charts...

i too am not using the ea.though its set up on my charts.. for some reason the ea on my charts are missing valid entries..for example they havent indicated the eurgbp..

Quoting BeachBum
I took this trade manually (I don't use the EA) at 6PM ET on Nov 20.
  • #1,034
  • Nov 21, 2006 9:35am Nov 21, 2006 9:35am
I don't think many people are using an unmodified fozzy. I say just keep this thread as is, and don't split it off. There was another fozzy alternative thread but that died.
So far so good.
  • #1,035
  • Nov 21, 2006 9:36am Nov 21, 2006 9:36am
i think the idea is to trade fozzys on all given crosses (with or without the bb) and ignore the 'noise' .. atleast thats how i been using the system

Quoting Ghostpipper
u might wanna check the volatility this week Mr Bum everyone says its going to be SUPER SUPER LOW, geez gbp has been ranginging within 40 pips now for 2 days how crappy huh....... I wouldnt do any swings till after the holiday but its a scalpers paradise IMO !!!
  • #1,036
  • Edited 10:09am Nov 21, 2006 9:40am | Edited 10:09am
BeachBum, and all Just let me know when, or if I should remove the poll or edit it if you guys want... Thanks scott

PS, please just PM me, because that would cause me to get to it quicker...
  • #1,037
  • Nov 21, 2006 9:48am Nov 21, 2006 9:48am
what might be worthwhile is to have a second thread continuation of the same theme.. 1000 and odd posts is huge volume to go through and ideally we shld lock this one and start afresh..i dont think there is need to split between pure fozzy and modified fozzy.. even fozzy himself is now using the tunnel..

even more ideally, once locked, we shd have hyperlinks on the locked thread to go to the key posts..such as fozzy(the initiator of this thread) entry, beach's modified fozzy, the eas etc..


Quoting paul2
I don't think many people are using an unmodified fozzy. I say just keep this thread as is, and don't split it off. There was another fozzy alternative thread but that died.
  • #1,038
  • Nov 21, 2006 10:53am Nov 21, 2006 10:53am
If someone gets bold, doing what you said would be awsome. A thread with links to a few key posts in here, such as Fozzy's posts explaining things, beachbums alternatives, accretes, etc. Not a bad idea.

Quoting coolshades
what might be worthwhile is to have a second thread continuation of the same theme.. 1000 and odd posts is huge volume to go through and ideally we shld lock this one and start afresh..i dont think there is need to split between pure fozzy and modified fozzy.. even fozzy himself is now using the tunnel..

even more ideally, once locked, we shd have hyperlinks on the locked thread to go to the key posts..such as fozzy(the initiator of this thread) entry, beach's modified fozzy, the eas etc..
So far so good.
  • #1,039
  • Nov 21, 2006 11:10am Nov 21, 2006 11:10am
Quoting paul2
If someone gets bold, doing what you said would be awsome. A thread with links to a few key posts in here, such as Fozzy's posts explaining things, beachbums alternatives, accretes, etc. Not a bad idea.
I like this idea. Is there enough volume on this thread to justify creating its own section like with Mouteki? You could then break down the threads, one containing the basic fozzy and it's contents and then one for each of the branched out uses? This way the first post of each could be updated with current content and the rest used as discussion.. Or simply break them out in components. We have different entry techniques, take profit methods, stop loss methods etc.. Just something to consider.

Jason
  • #1,040
  • Nov 22, 2006 3:25am Nov 22, 2006 3:25am
Good morning, all...

Speaking of additional threads, if you haven't read The Fozzy EA thread in the Metatrader section of these forums, there are some really excellent posts over & above (and including) all the hard work by stockwet, tradeigel and others on the EA.

I want to test some strategy code in TradeStation (primarily stops and exits), so I've just read through it to get a heads up on the code.

I like strategy code for testing and signalling, although I have yet to find a 100% mechanical system that I am comfortable to trade.

J.
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