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FOZZY Method CROSSES

  • #301
  • May 30, 2007 9:51am May 30, 2007 9:51am
Quoting Ryecatcher
Hey billser ,

Good job ,your on your way just keep it up and we'll all be staying on your private ranch in no time ..

p.s let us know your secrets ..hehe!
Grass Hopper.....Just follow the original Fozzy Method...

Cheers

Rye
....
It's All About Attitude ...
  • #302
  • May 30, 2007 9:56am May 30, 2007 9:56am
Quoting Ryecatcher
Billser,

we're gonna have to change your name soon to BILL, SIR !!Dam that makes me sound old....oh thats right I am ....

Rye
...
It's All About Attitude ...
  • #303
  • May 30, 2007 10:05am May 30, 2007 10:05am
The old Wisdom indicator eh!

Knew you wuz holding out on us all along

Rye
  • #304
  • May 30, 2007 10:23am May 30, 2007 10:23am
Very nice indeed.

What is ultra-cool is this -

Consider what happens when your account grows to the size where you can trade just few high probability setups a months, and using proper MM techniques risk 1 or 2% max, and make a KILLER living?

What would those pips look like if you could safely and reasonably trade 10 contracts at a time? Would you be able to scrape by on about 60 - 70K (USD) per month? Get to 300 - 500K in the account and you are home.

Compounding will work it's magic!

Quoting billser
Yesterday's Trades:

AUD/USD -16 PIPS
GBP/USD +49 PIPS
USD/CAD +30 PIPS
EUR/CAD +67 PIPS

Total pips for the month of May = 777 Fozzy Pips........My Best Month Ever
I'm pretty much done with all this ...
  • #305
  • May 30, 2007 10:42am May 30, 2007 10:42am
StoragePro,

I agree with you completely....
It's All About Attitude ...
  • #306
  • May 30, 2007 11:12am May 30, 2007 11:12am
Quoting billser
Yesterday's Trades:

AUD/USD -16 PIPS
GBP/USD +49 PIPS
USD/CAD +30 PIPS
EUR/CAD +67 PIPS

Total pips for the month of May = 777 Fozzy Pips........My Best Month Ever
Hi billser, are you taking all signals? What is your exit strategy? I remember several being posted before, but are you taking a straight pip profit, or using a trailing s/l, or...? And are these above trades closed profit, or is this profit locked in with a stop? For example, the usd/cad trade I'm assuming you took several days ago, as I don't see a cross yesterday?

Oh, and CONGRATS!!! Great job, keep it up!!
  • #307
  • May 30, 2007 11:41am May 30, 2007 11:41am
Below are the trades I took last night and you are right some of the signals are not there. What happened was I was blindly going off of the red and blue arrows of the AO_FozzySignal Window indicator which as you can see has a cross signal.

After I took the trade and went back later that night to see how things were going, I noticed I should not even be in the trade. NO MORE AO_FozzyWindow Singal for me....

Exit strategy....whats that...only joking....stilll working on it....

SL is mostly previous days high/low
TP is also a work in progress.
usd/cad was a trade I took last night based on the AO indicator I was wrongly watching. I normally only look at the actual physical cross of the ma/rsi....I think my allergies were kicking my ass last night and I screwed up.


Quoting JoshDance
Hi billser, are you taking all signals? What is your exit strategy? I remember several being posted before, but are you taking a straight pip profit, or using a trailing s/l, or...? And are these above trades closed profit, or is this profit locked in with a stop? For example, the usd/cad trade I'm assuming you took several days ago, as I don't see a cross yesterday?

Oh, and CONGRATS!!! Great job, keep it up!!
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It's All About Attitude ...
  • #308
  • May 30, 2007 12:48pm May 30, 2007 12:48pm
I'm guessing there is a thread somewhere on this web-site for the "Fozzy Trade"?? Not sure what it is yet, buy I'll find it.

Thanks, WillyT
  • #309
  • May 30, 2007 3:20pm May 30, 2007 3:20pm
Excellent guess, happy hunting..............

Quoting WillyT
I'm guessing there is a thread somewhere on this web-site for the "Fozzy Trade"?? Not sure what it is yet, buy I'll find it.

Thanks, WillyT
  • #310
  • May 30, 2007 3:26pm May 30, 2007 3:26pm
Sometimes this indicator will look at a 'bounce' of the RSI and MA and generate a 'signal'; these occurances are misleading. I like using this indicator more as an alert for a possible trade, than as a trade indicator. It's always best to confirm a cross by looking carefully at the RSI and MA and checking the values for both. This can especially be helpful when there are successive "arrows" on the indicator, but other indicators do not support a trade. HTH!

Quoting billser
Below are the trades I took last night and you are right some of the signals are not there. What happened was I was blindly going off of the red and blue arrows of the AO_FozzySignal Window indicator which as you can see has a cross signal.
  • #311
  • May 30, 2007 7:41pm May 30, 2007 7:41pm
Quoting BeachBum
Sometimes this indicator will look at a 'bounce' of the RSI and MA and generate a 'signal'; these occurances are misleading. I like using this indicator more as an alert for a possible trade, than as a trade indicator. It's always best to confirm a cross by looking carefully at the RSI and MA and checking the values for both. This can especially be helpful when there are successive "arrows" on the indicator, but other indicators do not support a trade. HTH!
Lesson learnt.....all though I should do that more often I did ok with money and pips.....
It's All About Attitude ...
  • #312
  • May 30, 2007 10:15pm May 30, 2007 10:15pm
I think you are doing splendidly with $$$ and pips! Another Fozzy success story.........

Quoting billser
Lesson learnt.....all though I should do that more often I did ok with money and pips.....
  • #313
  • Edited 11:10pm May 30, 2007 10:28pm | Edited 11:10pm
Hi BeachBum,

This coming from you means a lot......Thanks

Quoting BeachBum
I think you are doing splendidly with $$$ and pips! Another Fozzy success story.........
It's All About Attitude ...
  • #314
  • May 31, 2007 9:13am May 31, 2007 9:13am
Quoting billser
Hi BeachBum,

This coming from you means a lot......Thanks
Hey Billser, what are your current daily fozzy trades? or the coming ones? thanx. Would like to compare with mines.
We leave no soldier behind.
  • #315
  • May 31, 2007 9:22am May 31, 2007 9:22am
GBP/USD +0 Pips
AUD/JPY +16 Pips
EUR/AUD + 19 Pips

I would have been up 180 pips if I had held on to a/j and e/a but I had just raised my lot amount to $0.30 from $0.20 and was feeling that fear factor coming on.....I got out side my comfort zone for a couple of trades....feel the rush.... ......and pulled out when I was in the plus.

I held g/u until this morning only to wake up to -30 pips and what saved me was the Chicago PMI being stronger than expected.

But feeling good about myself for stretching my lot amount a bit more...

It's All About Attitude ...
  • #316
  • May 31, 2007 6:18pm May 31, 2007 6:18pm
To All the seasoned Fozzy traders.

Do you ever trade anything on the eve of the NFP report coming out tomorrow.

Tomorrow looks like aud/cad has a cross. So my question is will only USD related pairs get effected by the NFP or will all pairs have a response.

Thanks.
It's All About Attitude ...
  • #317
  • May 31, 2007 7:29pm May 31, 2007 7:29pm
NO.......................good day to take off from Fozzy trading.

Quoting billser
To All the seasoned Fozzy traders.

Do you ever trade anything on the eve of the NFP report coming out tomorrow.


Thanks.
  • #318
  • May 31, 2007 9:01pm May 31, 2007 9:01pm
Quoting billser
GBP/USD +0 Pips
AUD/JPY +16 Pips
EUR/AUD + 19 Pips

I would have been up 180 pips if I had held on to a/j and e/a but I had just raised my lot amount to $0.30 from $0.20 and was feeling that fear factor coming on.....I got out side my comfort zone for a couple of trades....feel the rush.... ......and pulled out when I was in the plus.

I held g/u until this morning only to wake up to -30 pips and what saved me was the Chicago PMI being stronger than expected.

But feeling good about myself for stretching my lot amount a bit more...

thanx for your insight. I also took the GBP US short trade and still in it, with a stop above 1.9850. I also feel now that I should have exited earlier, but I have the feeling it will go down more on daily, while still in the down trend. Of course, it all depends on NFP, but in the last few months, NFP didnt change an already established trend, even if it was in the opposite direction.
We leave no soldier behind.
  • #319
  • May 31, 2007 9:47pm May 31, 2007 9:47pm
That's one big ass Stop Loss....Are you real money or demo. Mini or standard?

Quoting gagiul
thanx for your insight. I also took the GBP US short trade and still in it, with a stop above 1.9850. I also feel now that I should have exited earlier, but I have the feeling it will go down more on daily, while still in the down trend. Of course, it all depends on NFP, but in the last few months, NFP didnt change an already established trend, even if it was in the opposite direction.
It's All About Attitude ...
  • #320
  • Jun 1, 2007 8:10am Jun 1, 2007 8:10am
hi..

Just been setting this up on MT4...and was wondering is the ma a...sma..ema..wma...the ema seems to look a little better..

and also...

the rule about going long only with a cross below the BB centre line...is that still a valid filter.....looking back on a cable chart shows..could have missed a few nice trades...it would seem logical that if a trend has started the RSI and ma would most probably already be above the BB centre line..
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