The Daily Fozzy Method | Page 104 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The 4 Hour Fozzy Method 233 replies

FOZZY Method CROSSES 808 replies

Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies

My Daily Fozzy Trades 337 replies

Monthly Fozzy Method 9 replies

Attachments: The Daily Fozzy Method
Exit Attachments

The Daily Fozzy Method

  • #2,061
  • May 9, 2007 10:53pm May 9, 2007 10:53pm
Quoting BeachBum
Me......................
Any thoughts on how far it will go and do you stay in longer than a day.
It's All About Attitude ...
  • #2,062
  • May 9, 2007 10:59pm May 9, 2007 10:59pm
I like this trade because the trend is UP......and I have three lots: T/P = 40, 80 & 120. I'll move to B/E when I have the first 40. Should be a good ride, we'll see!

Quoting billser
Any thoughts on how far it will go and do you stay in longer than a day.
  • #2,063
  • May 9, 2007 11:19pm May 9, 2007 11:19pm
Quoting BeachBum
I like this trade because the trend is UP......and I have three lots: T/P = 40, 80 & 120. I'll move to B/E when I have the first 40. Should be a good ride, we'll see!
I'm long 2 lots .....my first Fozzy trade.

I also like the support that the 34EMA has shown since mid-March.
  • #2,064
  • May 9, 2007 11:46pm May 9, 2007 11:46pm
Quoting Brunite
I'm long 2 lots .....my first Fozzy trade.

I also like the support that the 34EMA has shown since mid-March.
This is my 3rd day trading the Fozzy and I love it because it is the first system that I gell with and that gives me confidence.

So far I am up 190 pips 1st day, 27pips + another 15 2nd day and up 5 pips today.

I traded 13 pairs so far with only 2 losers (one was my fault I entered a buy instead of a sell)

Hope my luck continues.

Billser
It's All About Attitude ...
  • #2,065
  • May 9, 2007 11:54pm May 9, 2007 11:54pm
Quoting billser
This is my 3rd day trading the Fozzy and I love it because it is the first system that I gell with and that gives me confidence.

So far I am up 190 pips 1st day, 27pips + another 15 2nd day and up 5 pips today.

I traded 13 pairs so far with only 2 losers (one was my fault I entered a buy instead of a sell)

Hope my luck continues.

Billser
Congrats!.....A very nice start.

Yes.....the system seems to instill confidence when looking at past results.

My biggest problem is fighting the urge to keep looking back at the lower time frames (where I used to trade) and re-rationalizing my positions. Daily charts is all new to me.

Continued success to you....
  • #2,066
  • May 10, 2007 7:44am May 10, 2007 7:44am
Quoting billser
Anyone taking the gbp/usd cross.
Out for 10 pips. I moved my SL up before I went to bed last night. Glad I did...100 pip move against me....fewwwwwwww
It's All About Attitude ...
  • #2,067
  • May 10, 2007 8:34am May 10, 2007 8:34am
Unlike billser, I got caught in a Fozzy trade that did NOT work........it happens. But I'm up with 7 other pairs, so no complaints overall!

Quoting BeachBum
I like this trade because the trend is UP......and I have three lots: T/P = 40, 80 & 120. I'll move to B/E when I have the first 40. Should be a good ride, we'll see!
  • #2,068
  • May 10, 2007 9:07am May 10, 2007 9:07am
Trading with ANY system on pairs that concern EUR and GBP hours before the BOE and ECB announce interest rates is a BAD idea.... it's just gambling. It always pays to know when major announcements are coming out (and this was one of those times)
  • #2,069
  • May 10, 2007 9:17am May 10, 2007 9:17am
Not to argue the point; this is a 'double-edge' sword. I am up 250+ pips on the EUR/AUD which has essentially wiped out the GBP/USD loss, leaving me 6 Fozzy trades in profit..............still no complaints!

Quoting JoshDance
Trading with ANY system on pairs that concern EUR and GBP hours before the BOE and ECB announce interest rates is a BAD idea.... it's just gambling. It always pays to know when major announcements are coming out (and this was one of those times)
  • #2,070
  • May 10, 2007 9:20am May 10, 2007 9:20am
Quoting BeachBum
Not to argue the point; this is a 'double-edge' sword. I am up 250+ pips on the EUR/AUD which has essentially wiped out the GBP/USD loss, leaving me 6 Fozzy trades in profit..............still no complaints!

BB,

You must have been holding those other pairs for a couple of days. I noticed that had I stayed in some of them i would have been up quite a bit....lots to learn...

edit: BB...what would you say is the % winning ratio of this system...thanks
It's All About Attitude ...
  • #2,071
  • May 10, 2007 9:36am May 10, 2007 9:36am
Quoting billser
BB,

You must have been holding those other pairs for a couple of days. I noticed that had I stayed in some of them i would have been up quite a bit....lots to learn... Yes, trading multiple lots will sometimes keep me in a trade for days as the last lot (or two) finish.

edit: BB...what would you say is the % winning ratio of this system...thanks I don't know how to answer this because there are numerous variables. But......when I stick to my method, my account grows nicely.
..
  • #2,072
  • May 10, 2007 4:39pm May 10, 2007 4:39pm
If you look on this 4 hour chart the Fozzy has crossed. Can this be a guide to the Daily Fozzy (second chart) about to cross, and is it a good idea to try and get in early. On this particular set up early might even be a day or two earlier.

Any thoughts please.

Billser
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.jpg Size: 45 KB
Click to Enlarge Name: 1d.jpg Size: 47 KB
It's All About Attitude ...
  • #2,073
  • May 10, 2007 5:15pm May 10, 2007 5:15pm
My thoughts.............please read recent posts in the "other" threads in this sub-forum about using the 4 hour chart, particularly the 4 Hour Fozzy Method thread.

Quoting billser
If you look on this 4 hour chart the Fozzy has crossed. Can this be a guide to the Daily Fozzy (second chart) about to cross, and is it a good idea to try and get in early. On this particular set up early might even be a day or two earlier.

Any thoughts please.

Billser
  • #2,074
  • May 11, 2007 9:08am May 11, 2007 9:08am
made 81 pips on eur/cad this morning when I woke up. My stop lost was just under the 3 candles that was making some snice support.

So far my win lose ratio is 16 wins 3 loses....not bad for my first week with Fozzy.....
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 10 KB
It's All About Attitude ...
  • #2,075
  • May 11, 2007 9:14am May 11, 2007 9:14am
Nice trade.......................

Quoting billser
made 81 pips on eur/cad this morning when I woke up. My stop lost was just under the 3 candles that was making some snice support.

So far my win lose ratio is 16 wins 3 loses....not bad for my first week with Fozzy.....
  • #2,076
  • May 11, 2007 6:25pm May 11, 2007 6:25pm
Hi Billser,

Would you mind posting your indicators with the settings you use? Thanks!


Quoting billser
made 81 pips on eur/cad this morning when I woke up. My stop lost was just under the 3 candles that was making some snice support.

So far my win lose ratio is 16 wins 3 loses....not bad for my first week with Fozzy.....
Life is too short to have anything but delusional notions about yourself.
  • #2,077
  • May 12, 2007 11:27am May 12, 2007 11:27am
Quoting hoss
Hi Billser,

Would you mind posting your indicators with the settings you use? Thanks!
Hope this helps.

Edit:: Just remember I have no idea what the hell I am doing just yet...... .............. still learning
Attached File(s)
File Type: ex4 Dynamic_Zone_RSI.ex4   4 KB | 711 downloads
File Type: ex4 EJ_CandleTime.ex4   2 KB | 573 downloads
File Type: tpl fozzy.tpl   2 KB | 866 downloads
It's All About Attitude ...
  • #2,078
  • May 12, 2007 11:59am May 12, 2007 11:59am
Thanks Billser!

Quoting billser
Hope this helps.

Edit:: Just remember I have no idea what the hell I am doing just yet...... .............. still learning
Life is too short to have anything but delusional notions about yourself.
  • #2,079
  • May 14, 2007 11:34am May 14, 2007 11:34am
Quoting billser
I don't look at any other time frames or indicators. I just close my eyes count to 3 and pull the trigger.....
When did the topic of conversation switch to Russian Roulette??

  • #2,080
  • May 14, 2007 1:17pm May 14, 2007 1:17pm
Quoting Bytebodger
When did the topic of conversation switch to Russian Roulette??

Good one...I was more implying that I do not second guess my self.....up 322 pips in one week...... .......How U Doin'........
It's All About Attitude ...
0 traders viewing now