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FOZZY Method CROSSES

  • #241
  • May 19, 2007 8:43am May 19, 2007 8:43am
Hey guys and gals

How are you all???

i have been following this thread with much interest but am slightly confused(it doesn't take much!!)

some of the results posted are truly excellent ...but i'm having a hard time deciphering what the final setup is for the fozzy method and what filters or confirming indicators are being used..

Does any one have a setup template or perhaps you could point me in the right direction .

btw bilser excellent job ...quick question but do you set em and forget em or are you glued to you screen ...how do you operate the method

any help greatly appreciated

cheers Rye
  • #242
  • Edited 2:29pm May 19, 2007 11:29am | Edited 2:29pm
Quoting JoshDance
Billser, nice trades! I have a question though. On trades like 5/7, AUDUSD, on my charts (Alpari UK), I don't have an RSI cross at the end of 5/7, but only at the end of 5/8. Ditto for GBPCHF, and most of your other trades (on that day at least). So my question is, is it just a data feed difference--I mean, do you have a clear cross, or are you just trading at the touch of the lines? My dailies start at 6PM ET (GMT+1), and my broker does not have a Sunday bar.
The below link is my set up using the Dynamic zone indicator. I use interbankfx that has the sunday candle. I do exactly as Foozy says. Take the cross below the middle BB on a long, above for shorts.

I too did notice (after the fact) that some of my trades where taken just as it was crossing as you mentioned above. The weird thing is that when i took the trade initially the cross was definately there. I also notice that when I place the trade at 5.00pm west coast time the trade tends to go against me for 20-30 pips then back in my direction. So I'm wondering if the thing repaints.

When I look through the charts for the next days trades I see that the above mentioned trades are only now due for trading according to the Fozzy cross.

So in conclution, maybe on some of these trades the Pip Gods where looking after me or maybe I just had beginners luck....

http://www.forexfactory.com/showpost...postcount=2077

EDIT: I tend to set my trades and forget them....However I do have my laptop close at hand as I'm watching the idiot box just incase there is a big move either way and I get chicken and decide to bug out...
It's All About Attitude ...
  • #243
  • May 19, 2007 2:00pm May 19, 2007 2:00pm
Fozzy is around, although he is very selective about posting; but if you are very observant you will see his tracks................

Quoting billser
EDIT: Where is Fozzy these days...anyone know?????
  • #244
  • May 19, 2007 9:21pm May 19, 2007 9:21pm
Quoting coolshades
do you mean rsi and ma were running parallell or something else?
you got it. The cross angle was shallow.
  • #245
  • May 20, 2007 9:38am May 20, 2007 9:38am
did the cross occur on the 17th or on the 18th? any ideas?
  • #246
  • May 20, 2007 11:54am May 20, 2007 11:54am
I went short on 15 May and got stopped out; short again on 17 May. I have recovered my loss and have a small profit. Caution is the key word right now on this pair.

Quoting coolshades
did the cross occur on the 17th or on the 18th? any ideas?
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  • #247
  • May 22, 2007 10:40am May 22, 2007 10:40am
EUR/CHF +1
EUR/JPY +1

Did anyone else take these two crosses....I bugged out this morning because they are not really doing that much
It's All About Attitude ...
  • #248
  • May 22, 2007 1:51pm May 22, 2007 1:51pm
Quoting billser
EUR/CHF +1
EUR/JPY +1

Did anyone else take these two crosses....I bugged out this morning because they are not really doing that much
yes, I did.

You must learn patience. These trades need at least a day to develop, most of the time, longer. Set your stops and then forget about the trade until when you prepare for the next days trades.
So far so good.
  • #249
  • May 22, 2007 1:55pm May 22, 2007 1:55pm
Hey Billser

I took eur/chf last night ,hasn,t done much back & forth most of day then in last two hours am up 32 pips (*2 lots) the weekly 14,33/5,3,3 k % stoch has rolled over so thats a good sign for me wiil ride out see where it goes but will bring stop to b/e at close of todays candle.

eur/jpy hasn't crossed for me yet but maybe soon...

also took aud/usd which although hasnt crossed yet has a nice momentum building on stoch cross thingy again +10 so far

bit unsure on gbp/usd 'looks' like a cross up but all momo is down so not expecting too much may be more convinced if we get 4hr croo today aswell


anythoughts .......anyone


Rye
  • #250
  • May 22, 2007 2:27pm May 22, 2007 2:27pm
Quoting Ryecatcher
Hey Billser

I took eur/chf last night ,hasn,t done much back & forth most of day then in last two hours am up 32 pips (*2 lots) the weekly 14,33/5,3,3 k % stoch has rolled over so thats a good sign for me wiil ride out see where it goes but will bring stop to b/e at close of todays candle.

eur/jpy hasn't crossed for me yet but maybe soon...

also took aud/usd which although hasnt crossed yet has a nice momentum building on stoch cross thingy again +10 so far

bit unsure on gbp/usd 'looks' like a cross up but all momo is down so not expecting too much may be more convinced if we get 4hr croo today aswell


anythoughts .......anyone


Rye
Hi Rye,

Can you post a chart of the eur/chf so I can see what your stochs look like. I don't see them roll over for me on my charts....

Thanks
It's All About Attitude ...
  • #251
  • May 22, 2007 2:45pm May 22, 2007 2:45pm
Hey Bilser

i,m fairly new to this forum stuff so i dont have a screen grab software or do i know how too post it if i did....sorry

However i use a standard 5,3,3 (k% line only) overlaid with a 14,3,3 k% line. The 14 ,3,3 gives me a higher timeframe than d1 and when the two rise or fall (and this is the important bit - T-O-G-E-T-H-E-R ) then i have both the week and the day on my side.

there is a chart of the setup somewhere - stay with me i'll try to find it !!

Rye
  • #252
  • May 22, 2007 2:53pm May 22, 2007 2:53pm
Found it !!

have a look at 4hr fozzy thread posts #96-#104ish

Howard very kindly posted a chart to explain what i was babbling on about....

let me know if i can be any help!!!!

Rye
  • #253
  • Edited 3:37pm May 22, 2007 3:30pm | Edited 3:37pm
Hi all Fozzyers,

Just spent the last week reading all the posts in this amazing series of threads, absolutely fabulous work everyone. Truly inspirational.

I'm demoing one version of 'the fozzy rules' and would like to clarify one thing:

Fozzy´s original rules (post #1) look to enter a long when the cross is BELOW the central BB.

And Wilf (post #1459) looks to enter a long when the cross is ABOVE the 50% line.

More often than not these would seem to be conflicting, no? Or does it just all average put in the end? Any thoughts?

Initial results look promising, although cable going totally the wrong way for me right now.

Great stuff all, thanks so much for the superb contributions.

El Choco

Oops, just realised this was in the wrong fozzy forum. Great start.
  • #254
  • May 22, 2007 3:56pm May 22, 2007 3:56pm
Quoting billser
EUR/CHF +1
EUR/JPY +1

Did anyone else take these two crosses....I bugged out this morning because they are not really doing that much
I took EURJPY and it is currently -15 pips. However, I also took AUDNZD (-22) and GBPJPY (+56). So overall, I am +19 pips on last night's trades and they are all still open. On my charts, the GBPJPY setup was almost identical to EURJPY, so I took them both.

I did not have a cross on EURCHF. It looks as though I will get a negative cross on EURCHF when I get a new bar in a few minutes, but I won't take that trade even if the cross occurs.
  • #255
  • May 22, 2007 3:59pm May 22, 2007 3:59pm
Was their a EUR/JPY cross yesterday? I did not see one.
  • #256
  • May 22, 2007 3:59pm May 22, 2007 3:59pm
Quoting Ryecatcher
also took aud/usd which although hasnt crossed yet has a nice momentum building on stoch cross thingy again +10 so far

bit unsure on gbp/usd 'looks' like a cross up but all momo is down so not expecting too much may be more convinced if we get 4hr croo today aswell


anythoughts .......anyone


Rye
I shorted AUDUSD 2 days ago and it is currently +42. As for GBPUSD, it looks like it might cross when I get a new bar in a few minutes but even if it does, I will not take the trade.
  • #257
  • May 22, 2007 4:04pm May 22, 2007 4:04pm
Quoting Rosco_P
Was their a EUR/JPY cross yesterday? I did not see one.
It will depend on your charting provider. I use FXDD charts and this was my EURJPY setup.
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  • #258
  • May 22, 2007 4:29pm May 22, 2007 4:29pm
Quoting elchoco
Hi all Fozzyers,

Just spent the last week reading all the posts in this amazing series of threads, absolutely fabulous work everyone. Truly inspirational.

I'm demoing one version of 'the fozzy rules' and would like to clarify one thing:

Fozzy´s original rules (post #1) look to enter a long when the cross is BELOW the central BB.

And Wilf (post #1459) looks to enter a long when the cross is ABOVE the 50% line.

More often than not these would seem to be conflicting, no? Or does it just all average put in the end? Any thoughts?

Initial results look promising, although cable going totally the wrong way for me right now.

Great stuff all, thanks so much for the superb contributions.

El Choco

Oops, just realised this was in the wrong fozzy forum. Great start.
The Willf version is nothing to do with Bollinger bands. I don't use them.

The 50 level is just the middle of the RSI indicator.
Attached Image
  • #259
  • May 22, 2007 4:42pm May 22, 2007 4:42pm
...............not only have you 'come out of the closet', but you've moved over HERE. Welcome aboard Bb..............

Quoting Bytebodger
It will depend on your charting provider. I use FXDD charts and this was my EURJPY setup.
  • #260
  • May 22, 2007 4:45pm May 22, 2007 4:45pm
Quoting BeachBum
...............not only have you 'come out of the closet', but you've moved over HERE. Welcome aboard Bb..............
It's all part of my plan for WORLD DOMINATION.
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