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FOZZY Method CROSSES

  • #181
  • Apr 30, 2007 4:20am Apr 30, 2007 4:20am
Quoting Artamon
G'day feeder,


Obviously this is the case. But how many trades have you entered where the Sunday bar was the cause of the cross (because without that bar there there was NO cross) and had that trade go against you? Me, I think I've documented a few during the first couple of weeks of trading. I now don't trade Mondays unless I think it looks promising in spite of the Sunday bar.

My point was that the Sunday bar can and HAS caused false Fozzy signals to be triggered. I'm not in this to leave trading decisions to chance.

Cheers,
Art...
I found that EA 2.2 put the trigger even we see no cross at all.
  • #182
  • Apr 30, 2007 4:28am Apr 30, 2007 4:28am
Quoting feeder2000
I found that EA 2.2 put the trigger even we see no cross at all.
Not in my experience. I can safely say that I have never had a trade triggered where there wasn't a cross. I've had few that were borderline above/below the mid RSI, but there has always been a cross. Remember, the cross matters when the new candle opens. After a few hours it may retrace to a point whereby there is no longer a cross, but at 00:00GMT there would've been a cross.

Cheers,
Art...
  • #183
  • May 1, 2007 3:11am May 1, 2007 3:11am
Quoting Artamon
Not in my experience. I can safely say that I have never had a trade triggered where there wasn't a cross. I've had few that were borderline above/below the mid RSI, but there has always been a cross. Remember, the cross matters when the new candle opens. After a few hours it may retrace to a point whereby there is no longer a cross, but at 00:00GMT there would've been a cross.

Cheers,
Art...
Thank you Artamon
  • #184
  • May 1, 2007 9:59am May 1, 2007 9:59am
Anyone taking GBPCHF long at the close of today's candle? As of now, RSI is 66 and MA of RSI is 56.
  • #185
  • May 1, 2007 10:10am May 1, 2007 10:10am
Entered last night from yesterday's signal @ 2.4130; already booked 200 pips on 2 lots.............. missed an earlier entry on the 4 hour chart @ 2.4060.................

Quoting JoshDance
Anyone taking GBPCHF long at the close of today's candle? As of now, RSI is 66 and MA of RSI is 56.
  • #186
  • May 1, 2007 11:20am May 1, 2007 11:20am
booked 160 pips..whew.. glad to get some winning trades



Quoting BeachBum
Entered last night from yesterday's signal @ 2.4130; already booked 200 pips on 2 lots.............. missed an earlier entry on the 4 hour chart @ 2.4060.................
  • #187
  • May 8, 2007 8:14am May 8, 2007 8:14am
Quoting BeachBum
Absolutely................it booked 40 pips for me before the down-turn.
Just started looking at the DailyFozzy and it looks interesting!

BB......If I may ask......how many pairs do you trade/watch?.....are you concerned about too much correlation with a lot of different pairs?

Thanks!
  • #188
  • May 8, 2007 11:04am May 8, 2007 11:04am
Hello Brunite..............you must be new around here........... Lurking off to the side somewhere, the 'regulars' are waiting for me to send you back to read my previous posts where I have answered these two questions on more than one occasion..........

Quoting Brunite
Just started looking at the DailyFozzy and it looks interesting!

BB......If I may ask......how many pairs do you trade/watch?.....are you concerned about too much correlation with a lot of different pairs?

Thanks!
  • #189
  • May 8, 2007 11:21am May 8, 2007 11:21am
Quoting BeachBum
Hello Brunite..............you must be new around here........... Lurking off to the side somewhere, the 'regulars' are waiting for me to send you back to read my previous posts where I have answered these two questions on more than one occasion..........
Do it ...Do it...

Only joking
  • #190
  • May 8, 2007 12:33pm May 8, 2007 12:33pm
Quoting BeachBum
Hello Brunite..............you must be new around here........... Lurking off to the side somewhere, the 'regulars' are waiting for me to send you back to read my previous posts where I have answered these two questions on more than one occasion..........
Hey......no sweat!

Yes....I am relatively new here. Have been frequenting other forums as well.

I'm not looking to be spoon-fed. I've spent over 500 hours chart watching and studying Forex since Jan 1. I'll have no problem wading through all the posts here either.

I was just asking that specific question since the issue too much pair-correlation was one that I had problems with in my trading so far. However; I can respect your reply as I've seen too many folks wanting the "holy-grail" handed to them......not the case with me.

Thanks!
  • #191
  • May 8, 2007 8:08pm May 8, 2007 8:08pm
Possible 4 hour Fozzy coming up on GPB/USD and USD/JPY which I am short on at the moment..


Just a heads up to all.
  • #192
  • May 10, 2007 11:11am May 10, 2007 11:11am
anyone.. fozzy candle is pretty strong..
  • #193
  • May 10, 2007 1:18pm May 10, 2007 1:18pm
cool...................this is a classic example of a Fozzy signal on the Daily chart being generated by a very large price move AGAINST the daily trend. BE CAREFUL!

This is also a good example of how to use these movements and the 4 Hour Fozzy method to get into a very good trade..............see the attached screenshot. I have said I will explain this further in the 4 Hour thread, but 'shame on me' because I haven't. I promise to try to get to that in the next few days. In the meantime, take a look at what can be done. (This trade helped me get back some of my loss on the GBP/USD today.)

Quoting coolshades
anyone.. fozzy candle is pretty strong..
Attached Image
  • #194
  • May 10, 2007 1:21pm May 10, 2007 1:21pm
So here it is:
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 514 downloads
  • #195
  • May 10, 2007 1:23pm May 10, 2007 1:23pm
When they all line up like this, how can you lose?
Attached Image
  • #196
  • May 10, 2007 1:37pm May 10, 2007 1:37pm
noted sensei.. staying away. early night. no other trades
  • #197
  • May 10, 2007 7:58pm May 10, 2007 7:58pm
G'day BB,

Quoting BeachBum
So here it is:
LOL...mate, when you start pre-empting then that's a sign! :

You're a very sharing person BB...good on you.

Cheers,
Art...
  • #198
  • May 10, 2007 8:03pm May 10, 2007 8:03pm
It's my pleasure......I'm here because others have helped me (a lot!).........

Quoting Artamon
G'day BB,


LOL...mate, when you start pre-empting then that's a sign! :

You're a very sharing person BB...good on you.

Cheers,
Art...
  • #199
  • May 14, 2007 5:49am May 14, 2007 5:49am
eur/usd +1
eur/chf +24
nzd/usd +10
Nzd/jpy +32

Thanks Fozzy
It's All About Attitude ...
  • #200
  • May 14, 2007 8:50am May 14, 2007 8:50am
may i know who your broker is.. are you taking crosses as they happen?


Quoting billser
eur/usd +1
eur/chf +24
nzd/usd +10
Nzd/jpy +32

Thanks Fozzy
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