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FOZZY Method CROSSES

  • #201
  • May 14, 2007 11:04am May 14, 2007 11:04am
Quoting coolshades
may i know who your broker is.. are you taking crosses as they happen?
I use Interbankfx and I place the trade on the open of the next candle after the cross. I don't look at any other time frames or indicators. I just close my eyes count to 3 and pull the trigger..... ......see page 1 of this thread
It's All About Attitude ...
  • #202
  • Edited 12:13pm May 15, 2007 11:14am | Edited 12:13pm
3 Trades

eur/jpy 17 pips
chf/jpy 4 pips
aud/nzd -11 pips

Closed out gbp/usd from 2 days ago +27 pips
It's All About Attitude ...
  • #203
  • May 16, 2007 2:40am May 16, 2007 2:40am
Anyone else take the G/U long and U/J short trades today?
  • #204
  • May 16, 2007 5:51am May 16, 2007 5:51am
Sorry, i don't now is this for 4H or Daily thread . but i'll post my new trade Daily Fozzy Result :

Chf Jpy = Long --> +16 pips (still open)
Chf Jpy = Long --> +16 pips (still open)

Eur Chf = Long --> +24 pips (closed)
Eur Chf = Long --> +6 pips (still open)

Eur Usd = Long --> +5 pips (still open)
Eur Usd = Long --> +5 pips (still open)


Eur Jpy = Long --> +34 pips (still open)
Eur Jpy = Long --> +34 pips (still open)

Gbp Jpy = Long --> +54 pips (closed)
 Gbp Jpy = Long --> +22 pips (still open)

Usd Cad = Short --> + 3 pips (still open)
Usd Cad = Short --> + 3 pips (still open)

Usd Chf = Short --> - 6 pips (still open)
Usd Chf = Short --> - 6 pips (still open)

so far so good ...
i'll post my next result ...
  • #205
  • May 16, 2007 8:44am May 16, 2007 8:44am
Quoting jafar00
Anyone else take the G/U long and U/J short trades today?

i enterd gbpusd long -36
and usdjpy short -41

i am just want to ask why is my first trades must be in loss?
  • #206
  • May 16, 2007 8:57am May 16, 2007 8:57am
sourour.............

You didn't ask me, but I will offer an answer anyway:

When starting with a new method, do you expect every trade to be a 'winner'?

How did you choose the GBP/USD stop loss? Only 36 on this pair? Have you read about the preferred method for selecting Daily Fozzy stop losses?

Why did you short the USD/JPY? I don't have a Fozzy signal on my chart!

You might want to read the excellent e-book we have in another thread in this sub-forum and then apply "the rules" to this trading strategy.



Quoting sourour
i enterd gbpusd long -36
and usdjpy short -41

i am just want to ask why is my first trades must be in loss?
  • #207
  • Edited 9:28am May 16, 2007 9:15am | Edited 9:28am
usd/chf sell +4 pips
usd/cad sell +11 pips
gbp/jpy buy +20 pips
eur/aud buy +28 pips
eur/cad sell still open
aud/cad sell +11 pips

I closed all of the above out last night and woke up this morning wishing I had not. The Ozzy pairs are up huge......

I know I am playing it too cautiously, but I think that is because I am building up my trust in Fozzy...(really it is trust in me....but don't tell me that).


So far this system is going well.

My win ratio would be less if I held on to my trades but my pips and profit would be much much more....


Edit: My SL's are all at above/below the previous days high/low. This for me can be very scary with a SL at 50 - 80 pips. Any thoughts on a better way to do this.

Edit Edit: I am up 436 pips since 5/3/2007 to 5/16/2007 not bad for my first few weeks with Fozzy. (using micro lots...average lot being $0.093 per lot...soon to be $0.93 per lot...then $9.30 per lot)
It's All About Attitude ...
  • #208
  • May 16, 2007 9:19am May 16, 2007 9:19am
Quoting BeachBum
sourour.............

You didn't ask me, but I will offer an answer anyway:

When starting with a new method, do you expect every trade to be a 'winner'?

How did you choose the GBP/USD stop loss? Only 36 on this pair? Have you read about the preferred method for selecting Daily Fozzy stop losses?

Why did you short the USD/JPY? I don't have a Fozzy signal on my chart!

You might want to read the excellent e-book we have in another thread in this sub-forum and then apply "the rules" to this trading strategy.
thank very much for your anser

i put my stop to 60 pip

i dont know if i am right entering the usdjpy or no

but i think i am true in gbpusd,
any way i will be more carful in the other chances


thank a lot dear
  • #209
  • May 16, 2007 9:21am May 16, 2007 9:21am
Quoting billser
usd/chf sell +4 pips
usd/cad sell +11 pips
gbp/jpy buy +20 pips
eur/aud buy +28 pips
eur/cad sell still open
aud/cad sell +11 pips

I closed all of the above out last night and woke up this morning wishing I had not. The Ozzy pairs are up huge......

I know I am playing it too cautiously, but I think that is because I am building up my trust in Fozzy...(really it is trust in me....but don't tell me that).

So far this system is going well.

My win ratio would be less if I held on to my trades but my pips and profit would be much much more....


thank billser
  • #210
  • May 16, 2007 9:45am May 16, 2007 9:45am
Quoting BeachBum
sourour.............

You didn't ask me, but I will offer an answer anyway:

When starting with a new method, do you expect every trade to be a 'winner'?

How did you choose the GBP/USD stop loss? Only 36 on this pair? Have you read about the preferred method for selecting Daily Fozzy stop losses?

Why did you short the USD/JPY? I don't have a Fozzy signal on my chart!

You might want to read the excellent e-book we have in another thread in this sub-forum and then apply "the rules" to this trading strategy.

this is the chart usdjpy i entered in the opening of today candel am i false??

please correct
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 48 KB
  • #211
  • May 16, 2007 10:44am May 16, 2007 10:44am
Quoting billser
My win ratio would be less if I held on to my trades but my pips and profit would be much much more....Exactly!!!!!


Edit: My SL's are all at above/below the previous days high/low. This for me can be very scary with a SL at 50 - 80 pips. Any thoughts on a better way to do this...........Increase your T/P to match the S/L using solid R/R and MM.

Edit Edit: I am up 436 pips since 5/3/2007 to 5/16/2007 not bad for my first few weeks with Fozzy. (using micro lots...average lot being $0.093 per lot...soon to be $0.93 per lot...then $9.30 per lot) ..Excellent!....
..
  • #212
  • May 16, 2007 10:51am May 16, 2007 10:51am
'Back-to-back' signals are fraught with danger! Caution based on experience along with a dose of discretion is required. However........I still don't have a 'sell' on my chart, probably because we are using different indicators and/or different brokers.

Quoting sourour
this is the chart usdjpy i entered in the opening of today candel am i false??

please correct
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy.jpg Size: 40 KB
  • #213
  • May 16, 2007 12:49pm May 16, 2007 12:49pm
Quoting BeachBum
'Back-to-back' signals are fraught with danger! Caution based on experience along with a dose of discretion is required. However........I still don't have a 'sell' on my chart, probably because we are using different indicators and/or different brokers.

thanks very much

would you please send me the indicators u use??

thanks again
  • #214
  • May 16, 2007 12:58pm May 16, 2007 12:58pm
Here it is..................again!

Quoting sourour
thanks very much

would you please send me the indicators u use??

thanks again
Attached File(s)
File Type: mq4 AO_FozzySignalALL.mq4   3 KB | 542 downloads
  • #215
  • May 16, 2007 1:02pm May 16, 2007 1:02pm
Quoting BeachBum
Here it is..................again!

thanks very very much
  • #216
  • May 16, 2007 2:11pm May 16, 2007 2:11pm
Quoting BeachBum
Here it is..................again!


Again and again and again
  • #217
  • May 16, 2007 2:17pm May 16, 2007 2:17pm
BeachBum

Thanks for you posts.

What is the green line in your indicator and what does it do?

Thanks,

Billser
It's All About Attitude ...
  • #218
  • May 16, 2007 3:06pm May 16, 2007 3:06pm
I'm always happy when I can provide you with a good laugh........even if it's at my expense!

Quoting willf


Again and again and again
  • #219
  • May 16, 2007 3:09pm May 16, 2007 3:09pm
I did not code the indicator I use; so all I can you is that the green line is a 'center' line from which the green arrows are drawn to form 'trade signals'. Nothing fancy or special................

Quoting billser
BeachBum

Thanks for you posts.

What is the green line in your indicator and what does it do?

Thanks,

Billser
  • #220
  • May 17, 2007 1:38am May 17, 2007 1:38am
oh you provide more than that my good friend.. this board is richer because of your presence here..


Quoting BeachBum
I'm always happy when I can provide you with a good laugh........even if it's at my expense!
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