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Attachments: The 4 Hour Fozzy Method
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The 4 Hour Fozzy Method

  • #81
  • May 18, 2007 5:57pm May 18, 2007 5:57pm
Quoting ramrocket
The pairs that has been very profitable for me are EUR/JPY, USD/CHF, GBP/USD, EUR/USD. I also trade the JPY crosses.

For sure you can profit trading 1 or 2 pairs. Start with EUR/USD & GBP/USD.
Thanks Ramrocket. Appreciate you taking the time

Cheers
  • #82
  • May 18, 2007 7:40pm May 18, 2007 7:40pm
I just ran across this thread a day or so ago and it looks very promising, I can take a legit Fozzy entry via stochs 5,3,3 overlayed with 14,3,3 ( with signal line gone; just k% line showing) stoch to confirm entry but I'm working on an exit to keep as much profit as I can. If anyone has any suggestions I'm game and very much appreciate the thought stimulation. I now see why exit strategy is extremely important. Thanks to all who respond maybe we can all work together to improve....
  • #83
  • May 18, 2007 10:01pm May 18, 2007 10:01pm
amaruenterprise How about a chart to show how you are doing the overlay.
  • #84
  • May 18, 2007 10:19pm May 18, 2007 10:19pm
Quoting pdhawan
amaruenterprise How about a chart to show how you are doing the overlay.
I hope this is right; I've never uploaded a chart before. When the cross occurs I look at the stochs to see what they are saying whether I take it or not but it's just the exit I'm having trouble with. Thanks ....
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 77 KB
  • #85
  • May 18, 2007 10:33pm May 18, 2007 10:33pm
you and I have a very similar setup. I use the 5,3,3 and also chart a 28ma for general trend direction. I don't use the 14,3,3.

Did you take any of the 4hr crosses today?
  • #86
  • May 18, 2007 10:52pm May 18, 2007 10:52pm
Quoting pdhawan
you and I have a very similar setup. I use the 5,3,3 and also chart a 28ma for general trend direction. I don't use the 14,3,3.

Did you take any of the 4hr crosses today?
No; actually I've been eyeballing my charts to see what I would have done when the cross occurs and it looks very promising it's just the exit part I'm having trouble with. I've been a member of FF since May of 2006 and actively trading since June of 2006 ( demoing for approximately 6 mos. before going live) I've been successful but not where I want to be; looking always to improve and ran across this thread and here I am. I tried fibs, support and resistance and different ma's but still not satisfied with exit. Thats where
I thought we could put our heads together and maybe come up with a good exit signal. Entry imo is excellent with stochs as filter it's just that damn exit....
  • #87
  • May 19, 2007 10:57am May 19, 2007 10:57am
pdhawan...............thanks very much for posting several charts. It's nice to see you trading successfully!

Quoting pdhawan
OK BB, where are you....see all my posts....<grin>
  • #88
  • May 19, 2007 10:59am May 19, 2007 10:59am
bundubill................you can be profitable with one or two pairs, but you will have fewer trades than those of us who watch as many as 19 pairs. Remember what Fozzy himself said about this in his very first post?

Quoting bundubill
Hi BeachBum

Can I ask you for a piece of advice please. I'm very new to forex and I've been looking for a system which doesn't glue me to a computer, so in many ways Fozzy seems ideal. I've downloaded the e-book for noobs and the simplicity of the system is very appealling for someone who knows very little but reading both this thread and the original one I can see that most people seem to be trading several pairs simultaneously and I'm not sure that my pockets are deep enough for that. In your opinion is it possible to make a profit trading just 1 or 2 pairs or is trading all the crosses an essential part of the strategy.

Thanks
  • #89
  • May 19, 2007 11:02am May 19, 2007 11:02am
cool.......................I am only using the 4 hour chart to 'get a jump' on trades that are developing on the Daily. After entry, it's all Daily chart trading until close. There may be other ways to use the 4 hour during the the trade, but I do not at this time have any definite information about that. Cheers!

Quoting coolshades
beach,

when you take a 4 hr fozzy trade, would your tps and sls be based on 4 hr charts or daily charts?

and also i think the eurusd is a good 4 hr fozzy entry on the next candle.. what do you think?
  • #90
  • May 19, 2007 11:03am May 19, 2007 11:03am
19...........

Quoting pdhawan
BB. Let me know which pairs you track.
Thanks
  • #91
  • May 19, 2007 1:44pm May 19, 2007 1:44pm
Quoting BeachBum
bundubill................you can be profitable with one or two pairs, but you will have fewer trades than those of us who watch as many as 19 pairs. Remember what Fozzy himself said about this in his very first post?
Thanks BeachBum. I just went back to that 1st thread to remind myself and I see he was trading 4 pairs. I also see that he said the longer the TF the better for newbies. Do you think I am being too ambitious thinking of trading the 4H and should stick to the Daily or is there not that much difference ?

Thanks for your help.
  • #92
  • May 19, 2007 2:46pm May 19, 2007 2:46pm
i am not beach and cannot answer for him.. but me thinks if you are just starting out, trade the daily and get a feel for it before experimenting



Quoting bundubill
Thanks BeachBum. I just went back to that 1st thread to remind myself and I see he was trading 4 pairs. I also see that he said the longer the TF the better for newbies. Do you think I am being too ambitious thinking of trading the 4H and should stick to the Daily or is there not that much difference ?

Thanks for your help.
  • #93
  • May 20, 2007 5:35am May 20, 2007 5:35am
Are any of you 4H fozzy traders using some kind of alarm to warn you of the impending end of a 4H candle?
  • #94
  • May 20, 2007 7:25am May 20, 2007 7:25am
Quoting coolshades
i am not beach and cannot answer for him.. but me thinks if you are just starting out, trade the daily and get a feel for it before experimenting
thanks coolshades, I suspect you're right
  • #95
  • May 20, 2007 11:30am May 20, 2007 11:30am
spot on.................

Quoting coolshades
i am not beach and cannot answer for him.. but me thinks if you are just starting out, trade the daily and get a feel for it before experimenting
  • #96
  • May 20, 2007 12:07pm May 20, 2007 12:07pm
Hey All

I Have Been Using The Stochs As A Guide Ever Since Getting Hooked On Tebs And Spudfyres Mtf Methods And If Used Correctly Will Give You All The Confirmation You Could Ask For.

The 5,33 /14,3,3 K Lines Are Great Because They Give Two Timeframes At Once. This In Conjuction With Mtf On Fozzy Gives A Nice Tight Entry

There Is Also A Nice Mtf Stoch Crossover Alert Indicator Based On 5/14,3,3 In The Latter Posts Of Teb 63 System(sorry Not Sure How To Upload This As Yet) But You Will Often Find That Fozzy Crossdaily Comes Just After Daily Stoch Cross And Is Usually In The Ideal Place To Take A Trade Early Warning .

Put Some Stochs On And See For Your Selves (i Hope This Is Not Gilding The Lily)

Let Me Know What You Think

Cheers

Rye
  • #97
  • May 20, 2007 12:23pm May 20, 2007 12:23pm
Interesting.........................

Please learn how to upload.... ....and share a few 'visuals' with us!


Quoting Ryecatcher
Hey All

I Have Been Using The Stochs As A Guide Ever Since Getting Hooked On Tebs And Spudfyres Mtf Methods And If Used Correctly Will Give You All The Confirmation You Could Ask For.

The 5,33 /14,3,3 K Lines Are Great Because They Give Two Timeframes At Once. This In Conjuction With Mtf On Fozzy Gives A Nice Tight Entry

There Is Also A Nice Mtf Stoch Crossover Alert Indicator Based On 5/14,3,3 In The Latter Posts Of Teb 63 System(sorry Not Sure How To Upload This As Yet) But You Will Often Find That Fozzy Crossdaily Comes Just After Daily Stoch Cross And Is Usually In The Ideal Place To Take A Trade Early Warning .

Put Some Stochs On And See For Your Selves (i Hope This Is Not Gilding The Lily)

Let Me Know What You Think

Cheers

Rye
  • #98
  • May 20, 2007 12:59pm May 20, 2007 12:59pm
I think this is what RyeCatcher means
Attached Image
Regards
  • #99
  • May 20, 2007 1:01pm May 20, 2007 1:01pm
In the above chart, ignore the channels
Regards
  • #100
  • May 20, 2007 1:04pm May 20, 2007 1:04pm
Thanks howard.............

Quoting howard
In the above chart, ignore the channels
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