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FOZZY Method CROSSES

  • #261
  • May 22, 2007 2:47pm May 22, 2007 2:47pm
Quoting Bytebodger
It's all part of my plan for WORLD DOMINATION.
............................
  • #262
  • May 23, 2007 7:04am May 23, 2007 7:04am
NZD/JPY +10 Opened 5/20/2007
CHF/JPY +10
GBP/USD +112
AUD/NZD +7

Total pips this month 690 :surprised
It's All About Attitude ...
  • #263
  • May 23, 2007 12:49pm May 23, 2007 12:49pm
My Stop loss got hit by 3 pips on the GPB/USD and then took off just a little bit later. Congrats Billser on hitting that trade.
  • #264
  • May 23, 2007 12:56pm May 23, 2007 12:56pm
Quoting Rosco_P
My Stop loss got hit by 3 pips on the GPB/USD and then took off just a little bit later. Congrats Billser on hitting that trade.
How wide was your SL on this trade? On my charts GBPUSD opened the day @ 1.9745 and never got lower than 1.9714 (-31 pips).
  • #265
  • May 23, 2007 1:00pm May 23, 2007 1:00pm
Not wide enough . It was @ 1.9717.
  • #266
  • May 23, 2007 1:07pm May 23, 2007 1:07pm
Quoting Rosco_P
Not wide enough . It was @ 1.9717.
Well, everyone needs to have a personal strategy for setting SLs that suits their trading style. But IMHO, 28 pips is a very tight SL when trading GBPUSD on daily charts. I am currently showing an ATR for GBPUSD of 108.

According to my research in this thread:

http://forexfactory.com/showthread.php?t=27335

there is a 52.3% on any given day that GBPUSD will retrace by 28 pips before reversing course and heading in its true direction for the day.
  • #267
  • May 23, 2007 1:43pm May 23, 2007 1:43pm
Even though I do not like it so much I place my stop lose at the previous days high/low plus about 5 extra pips just incase.....It paid off on the GBP/USD...

If the days candle is over 80 pips I will look at the 4H charts and see what the last few 4 hour candles have been up to to reduce the SL


Quoting Bytebodger
Well, everyone needs to have a personal strategy for setting SLs that suits their trading style. But IMHO, 28 pips is a very tight SL when trading GBPUSD on daily charts. I am currently showing an ATR for GBPUSD of 108.

According to my research in this thread:

http://forexfactory.com/showthread.php?t=27335

there is a 52.3% on any given day that GBPUSD will retrace by 28 pips before reversing course and heading in its true direction for the day.
It's All About Attitude ...
  • #268
  • May 23, 2007 1:56pm May 23, 2007 1:56pm
Quote
Well, everyone needs to have a personal strategy for setting SLs that suits their trading style. But IMHO, 28 pips is a very tight SL when trading GBPUSD on daily charts. I am currently showing an ATR for GBPUSD of 108.

It was kept that per design. Being that the BoE minutes were going to coming out while I was asleep, and unsure of the direction of the market I wanted to keep it close.

It was a risky trade, but very very profitable. Just happened to come up a few pips short this time.
  • #269
  • May 23, 2007 1:57pm May 23, 2007 1:57pm
Anyone taking the USD/CHF cross?
  • #270
  • May 23, 2007 2:07pm May 23, 2007 2:07pm
Quoting Rosco_P
Anyone taking the USD/CHF cross?
Me..................
  • #271
  • May 23, 2007 2:39pm May 23, 2007 2:39pm
Anyone going to take or have any thoughts on:

AUD/USD
EUR/AUD
AUD/JPY


Quoting Rosco_P
Anyone taking the USD/CHF cross?
It's All About Attitude ...
  • #272
  • May 23, 2007 7:15pm May 23, 2007 7:15pm
See below:

Quoting billser
Anyone going to take or have any thoughts on:

AUD/USD I did not quite get a cross on this - would not have taken it if I did.
EUR/AUD Got the cross - did not take it.
AUD/JPY Took this one.
  • #273
  • May 25, 2007 9:41pm May 25, 2007 9:41pm
Dear Sir
tild me the daily of fozzy crosses each evening !!!!!!!

Many Thank
Wayan Karta
  • #274
  • May 26, 2007 8:41am May 26, 2007 8:41am
Quoting nataraja
Dear Sir
tild me the daily of fozzy crosses each evening !!!!!!!

Many Thank
Wayan Karta

!!!!!!!!
It's All About Attitude ...
  • #275
  • May 27, 2007 2:23pm May 27, 2007 2:23pm
Does anyone confirm a long for AUDUSD and EURUSd and a short for GBPCHF?
  • #276
  • May 27, 2007 3:16pm May 27, 2007 3:16pm
no cross on aud/usd or gbp/chf for me yet... and only a nervous cross on eur/usd although this does seem like a possible continuation on the 4hr long ..anyones guess

have taken e/u will see what we see.. I am trying too take all crosses where poss as system has a reasonable expectancy so should all pan out sooner or later

Rye
  • #277
  • Edited 9:04pm May 27, 2007 5:25pm | Edited 9:04pm
I Just Traded:

EUR/USD
GBP/CHF
NZD/USD


Quoting Ryecatcher
no cross on aud/usd or gbp/chf for me yet... and only a nervous cross on eur/usd although this does seem like a possible continuation on the 4hr long ..anyones guess

have taken e/u will see what we see.. I am trying too take all crosses where poss as system has a reasonable expectancy so should all pan out sooner or later

Rye
It's All About Attitude ...
  • #278
  • Edited 7:58am May 29, 2007 7:45am | Edited 7:58am
Pips this month = 647
Win Ratio = 85%

Potential pips had I stayed in longer = 2228
Win Ratio had I stayed in longer = 64%

Having looked back at some of these trades and the signals they gave I believe I would not have taken some of them....but still no complaints

Thank you Fozzy

Edit....some of the trades in the fozzy.pdf doc are not fozzy trades.
Attached File(s)
File Type: pdf FOZZY TRADE.pdf   9 KB | 529 downloads
File Type: pdf Fozzy.pdf   86 KB | 585 downloads
It's All About Attitude ...
  • #279
  • May 29, 2007 8:28am May 29, 2007 8:28am
So these are all 4-hour trades? What fozzy variant are you using? In other words, are you filtering out any crosses?
  • #280
  • May 29, 2007 8:39am May 29, 2007 8:39am
I use the Daily charts only and I do not filter any crosses.....However some of the trades that were at S/R levels I would probably not have traded because of the 1:1 rate of return ratio that BB talks about.

Quoting Bytebodger
So these are all 4-hour trades? What fozzy variant are you using? In other words, are you filtering out any crosses?
It's All About Attitude ...
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