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The Daily Fozzy Method

  • #2,161
  • May 23, 2007 11:05pm May 23, 2007 11:05pm
Hi all. I have been in and out of the Fozzy thread many times over the last 2 or 3 months,just reading bits and pieces( I have been News trading.That is a hard slog.Will probably stop it at the end of the month)

Finally sat down and read the whole Fozzy thread, and started trading at the beginning of the week.Eurgbp was a good start,just locked in 50 pips. I am been, and will be very cautious until I get the feel of the system and determine where and how to set my own SL.

I am useing MT4 charts on FXDD, and Interbank,but the FXDD demo expires after 90 days,and the IB has sunday candles,which gave me 8 crosses today.

So I am asking if somebody would tell me which platform has unlimited demo ,and no Sunday candles.Thanks
  • #2,162
  • May 23, 2007 11:37pm May 23, 2007 11:37pm
Quoting Four Kids
So I am asking if somebody would tell me which platform has unlimited demo ,and no Sunday candles.Thanks
I use Alpari UK. Unlimited demo (to my knowledge), no sunday candle, and TZ is GMT+1.
  • #2,163
  • May 24, 2007 1:14am May 24, 2007 1:14am
i have been on fxdd demo since nov. hasnt expired

Quoting Four Kids
Hi all. I have been in and out of the Fozzy thread many times over the last 2 or 3 months,just reading bits and pieces( I have been News trading.That is a hard slog.Will probably stop it at the end of the month)

Finally sat down and read the whole Fozzy thread, and started trading at the beginning of the week.Eurgbp was a good start,just locked in 50 pips. I am been, and will be very cautious until I get the feel of the system and determine where and how to set my own SL.

I am useing MT4 charts on FXDD, and Interbank,but the FXDD demo expires after 90 days,and the IB has sunday candles,which gave me 8 crosses today.

So I am asking if somebody would tell me which platform has unlimited demo ,and no Sunday candles.Thanks
  • #2,164
  • May 24, 2007 3:42am May 24, 2007 3:42am
Thanks, I will stay with fxdd and see what happens and but Alpari UK on my list of things to check.
  • #2,165
  • May 24, 2007 10:41am May 24, 2007 10:41am
I have only just started looking at the Daily Fozzy method. Today I see a SHORT trade setting up on USD/JPY if daily candle continues and closes with a cross...

Can someone tell me if I have looked at this correctly ???

THX !!!
Attached Image
  • #2,166
  • May 24, 2007 10:52am May 24, 2007 10:52am
Correct!

Quoting Tiki Trader
I have only just started looking at the Daily Fozzy method. Today I see a SHORT trade setting up on USD/JPY if daily candle continues and closes with a cross...

Can someone tell me if I have looked at this correctly ???

THX !!!
  • #2,167
  • May 24, 2007 11:08am May 24, 2007 11:08am
Thank YOU !!!!!!!!!!

Gonna make a trade tonight ! Trade tonight !!
Trade tonight !!
  • #2,168
  • May 24, 2007 11:30am May 24, 2007 11:30am
Those of us who trade a 4 hour Fozzy are already in this trade........


Quoting Tiki Trader
Thank YOU !!!!!!!!!!

Gonna make a trade tonight ! Trade tonight !!
Trade tonight !!
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy.jpg Size: 64 KB
  • #2,169
  • May 24, 2007 1:46pm May 24, 2007 1:46pm
Just got to this thread and im really impressed on the simplicity and yet effectivity of this method.
I've been looking for a daily method for a few weeks now, but its like ive been blind not to see daily fozzy.

Thanx a lot fozzy for it. Looking forward to testing it.

My question is yet, why if I have a broker which has sunday candles separately, it can mix up my signals? In my opinion, this means I should avoid a possible cross on monday according to sunday, but I read here that someone complained he got 8 wrong signals today...
We leave no soldier behind.
  • #2,170
  • May 24, 2007 2:16pm May 24, 2007 2:16pm
Quoting BeachBum
Those of us who trade a 4 hour Fozzy are already in this trade........
Hello BeachBum!
Can you share your template?
Thanks!
  • #2,171
  • May 24, 2007 2:43pm May 24, 2007 2:43pm
aktaurus................if I thought "sharing" my template is ALL it would take to make you a successful and profitable Fozzy trader, I'd hand it over. In fact I'd give it to everyone..................no, wait, I'd probably want to sell it on e-Bay.

I'm a firm believer in learning how a method works from the ground up. Study, learn, digest info and test. Besides, most of us who trade Fozzy have adapted the method to our own trading personalities and therefore use different indicators and templates (I'm always playing around with variations on the main theme). I suggest you start at the beginning and develop your own Fozzy trading style. The time and effort is worth it!

Quoting aktaurus
Hello BeachBum!
Can you share your template?
Thanks!
  • #2,172
  • May 24, 2007 2:59pm May 24, 2007 2:59pm
Quoting BeachBum
aktaurus................if I thought "sharing" my template is ALL it would take to make you a successful and profitable Fozzy trader, I'd hand it over. In fact I'd give it to everyone..................no, wait, I'd probably want to sell it on e-Bay.

I'm a firm believer in learning how a method works from the ground up. Study, learn, digest info and test. Besides, most of us who trade Fozzy have adapted the method to our own trading personalities and therefore use different indicators and templates (I'm always playing around with variations on the main theme). I suggest you start at the beginning and develop your own Fozzy trading style. The time and effort is worth it!
Well said BB. If it were that easy there would be alot of multi-millionaires in this world. I've been trading live for a year and a half and beleive you me it has been a time consumeing chore; it is something you have to love to do because it is a never ending learning process. It's not a get rich quick thing but it can be a get poor quick thing if your not using the right money management; but if it is something you like to do it is a labor of love. To all good trading......
  • #2,173
  • May 24, 2007 3:17pm May 24, 2007 3:17pm
Please everyone, do NOT ruffle The Bum, do not poke The Bum, and do not feed The Bum.... (The Bum likes beer though...)

But seriously folks - everyone needs to take command of their own destiny. Read a little. TAKE NOTES. Get Tharps on financial freedom. A system is much more that a couple of indicators and an entry.

>< zzzzannnngggggg!!! >< Uh - sorry, I was channeling The Bum...



Thanks for the patience Mr Bum. Yer a good man. You'll get rewarded somehow.

- The Pro.

Quoting BeachBum
aktaurus................if I thought "sharing" my template is ALL it would take to make you a successful and profitable Fozzy trader, I'd hand it over. In fact I'd give it to everyone..................no, wait, I'd probably want to sell it on e-Bay.

I'm a firm believer in learning how a method works from the ground up. Study, learn, digest info and test. Besides, most of us who trade Fozzy have adapted the method to our own trading personalities and therefore use different indicators and templates (I'm always playing around with variations on the main theme). I suggest you start at the beginning and develop your own Fozzy trading style. The time and effort is worth it!
I'm pretty much done with all this ...
  • #2,174
  • May 24, 2007 3:28pm May 24, 2007 3:28pm
Quoting StoragePro
Please everyone, do NOT ruffle The Bum, do not poke The Bum, and do not feed The Bum.... (The Bum likes beer though...)

But seriously folks - everyone needs to take command of their own destiny. Read a little. TAKE NOTES. Get Tharps on financial freedom. A system is much more that a couple of indicators and an entry.

>< zzzzannnngggggg!!! >< Uh - sorry, I was channeling The Bum...



Thanks for the patience Mr Bum. Yer a good man. You'll get rewarded somehow.

- The Pro.
WHO?????????????????............................................
  • #2,175
  • May 24, 2007 3:32pm May 24, 2007 3:32pm
Here's a little contribution I just threw together for some of you that might find it useful. It's nothing special, and there are probably already about 100 of them out there... ;-) It's a little indicator that reports in the main chart window the atr of the last x periods, in pip format, since reading "ATR(10): .0079" started driving me crazy. Also, you can specify a multiplier, like some of us use the 70% multiplier. Hope it's useful. It doesn't draw a line, just tells you what you want to know. I put it in another indicator's window so that it hides nicely.
Attached Image
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File Type: mq4 ATR Pips.mq4   2 KB | 843 downloads
  • #2,176
  • May 24, 2007 3:35pm May 24, 2007 3:35pm
thanks JD..................

Quoting JoshDance
Here's a little contribution I just threw together for some of you that might find it useful. It's nothing special, and there are probably already about 100 of them out there... ;-) It's a little indicator that reports in the main chart window the atr of the last x periods, in pip format, since reading "ATR(10): .0079" started driving me crazy. Also, you can specify a multiplier, like some of us use the 70% multiplier. Hope it's useful. It doesn't draw a line, just tells you what you want to know. I put it in another indicator's window so that it hides nicely.
  • #2,177
  • May 24, 2007 3:42pm May 24, 2007 3:42pm
Quoting BeachBum
Those of us who trade a 4 hour Fozzy are already in this trade........
Just so no one's confused like I was (questioning my indicator lol), Beach posted an image of EURJPY, whereas Tiki was talking about USDJPY... I got worried there for a few minutes :-)
  • #2,178
  • May 24, 2007 3:44pm May 24, 2007 3:44pm
BeachBum,
I'll try to ask another way What's your 2nd-window indicator? If you use Solar Wind then doesn't it repaint? As I know this is it's main problem. May be you can tell which version doesn't repaint?
Thank you anyway!
  • #2,179
  • May 24, 2007 3:48pm May 24, 2007 3:48pm
Ooooopps..............sorry for causing confusion JD!

Quoting JoshDance
Just so no one's confused like I was (questioning my indicator lol), Beach posted an image of EURJPY, whereas Tiki was talking about USDJPY... I got worried there for a few minutes :-)
  • #2,180
  • May 24, 2007 3:53pm May 24, 2007 3:53pm
Solar Wind does indeed repaint; I use it as a "short-term" trend direction indicator, nothing more; you can easily trade without it. (However, I do like when SW moves at a sharp angle relative to the '0' line and then crosses it for the very first time; take a look back and see what I mean). The second window is a Stochastic. As I wrote earlier, I'm always "playing around" with something; but at this time I have nothing of importance to say about using Stochastics with Fozzy trading.

Quoting aktaurus
BeachBum,
I'll try to ask another way What's your 2nd-window indicator? If you use Solar Wind then doesn't it repaint? As I know this is it's main problem. May be you can tell which version doesn't repaint?
Thank you anyway!
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