FOZZY Method CROSSES | Page 25 | Forex Factory

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FOZZY Method CROSSES

  • #481
  • Jun 14, 2007 2:48pm Jun 14, 2007 2:48pm
Quoting BeachBum
Is this something from a Star Wars movie, Mr. Rocket?
May the forex be with you :
  • #482
  • Jun 14, 2007 3:35pm Jun 14, 2007 3:35pm
Quoting willf
May the forex be with you :
Wait...................I thought OrangeRoshan had left the forum................
  • #483
  • Jun 15, 2007 4:16am Jun 15, 2007 4:16am
Quoting BeachBum
Wait...................I thought OrangeRoshan had left the forum................
He is now in orangeroshan dot com selling seminars.
Regards
  • #484
  • Jun 15, 2007 8:23am Jun 15, 2007 8:23am
Quoting howard
He is now in orangeroshan dot com selling seminars.
Soon to be seen in a neighborhood near you: BeachBum dot com............

Update: I just checked that web address.........it's some guys personal travel page. Maybe he'll sell it to me!
  • #485
  • Jun 15, 2007 11:44am Jun 15, 2007 11:44am
Quoting ramrocket
Current Trades:

nzd/usd +5
aud/usd +52
eur/jpy +30
gbp/jpy +11

Are any of you guys using Twiggs Volume/Momentum to confirm strength when Fozzy cross occurs?
Update:
I closed all 4 trades for the weekend.

nzd/usd -29 (I never liked this pair)
aud/usd -3
eur/jpy +143
gbp/jpy +166

Total pips loss = -33
Total pips banked = +309
  • #486
  • Jun 16, 2007 8:40am Jun 16, 2007 8:40am
Ramrocket...........

In the spirit of "practicng what I preach"; I have searched for information about the "Twiggs Volume/Momentum" indicator, and can't find any.

I'd appreciate your telling us more!
  • #487
  • Jun 17, 2007 8:42am Jun 17, 2007 8:42am
Quoting BeachBum
Ramrocket...........

In the spirit of "practicng what I preach"; I have searched for information about the "Twiggs Volume/Momentum" indicator, and can't find any.

I'd appreciate your telling us more!
BB, did you search FF?

http://www.forexfactory.com/showthre...ghlight=TWIGGS
  • #488
  • Jun 17, 2007 9:42am Jun 17, 2007 9:42am
Quoting ramrocket
BB, did you search FF?

http://www.forexfactory.com/showthre...ghlight=TWIGGS
yeah, I found the same script on incrediblecharts.com but didnt know what to do with it
  • #489
  • Jun 17, 2007 10:23am Jun 17, 2007 10:23am
Quoting ramrocket
BB, did you search FF?

http://www.forexfactory.com/showthre...ghlight=TWIGGS
I should have worded my post differently; I did find this thread, but like Forexoxo, I didn't know what it meant. Sad to say, I don't know or even understand code or the kind of data in that post; that's one of the reasons I do backtesting with charts, paper, pencil and calculator.

Thanks for the reply!
  • #490
  • Jun 17, 2007 4:38pm Jun 17, 2007 4:38pm
has anyone taken the eur/usd cross? or do you think its too risky due to the latest cpi pounding the dollar, and the dollar might rebound from it very soon?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 83 KB
  • #491
  • Jun 17, 2007 6:03pm Jun 17, 2007 6:03pm
Yeah i'm looking at this cross too, i'm tempted to take it as well because swissy, cable and euro are crossing all at once. But i'm still unsure...any other opinions?
  • #492
  • Jun 17, 2007 11:57pm Jun 17, 2007 11:57pm
Quoting BeachBum
I should have worded my post differently; I did find this thread, but like Forexoxo, I didn't know what it meant. Sad to say, I don't know or even understand code or the kind of data in that post; that's one of the reasons I do backtesting with charts, paper, pencil and calculator.

Thanks for the reply!
Since the forex markets do not operate over a central exchange, the "volume" in forex is not the same as it is in stocks. Our "volume" is simply the number of incoming prices within a particular bar.

My platform offers volume functions to derive TMF so I use it. I simply overlay a trend line and watch to potential break when Fozzy signal occurs as confirmation.

(Please see chart)
Attached Image (click to enlarge)
Click to Enlarge Name: ramrocket.jpg Size: 84 KB
  • #493
  • Jun 18, 2007 6:24am Jun 18, 2007 6:24am
Quoting sdot
Yeah i'm looking at this cross too, i'm tempted to take it as well because swissy, cable and euro are crossing all at once. But i'm still unsure...any other opinions?
I took em all, cable swissy and euro...

cable closed at tp +40, euro at +39 I'm still holding out for swissy to make a few more pips....

seems to me though that since all these crosses are against the dollar and were primarily caused by the lower than expected CPI, it would have been better to trade them when the news broke out on the 15th, with confirmation from fozzy..would have made twice as many pips...so maybe thats something to look out for in the future when trading for/against the dollar...
  • #494
  • Jun 18, 2007 6:34am Jun 18, 2007 6:34am
I took the EUR/USD cross. It had hit and bounced off its 1 1/2 year old uptrend line nicely, so it seemed a good bet. Didnt take the cable because it is so strongly correlated with EUR/USD.

It doesnt look like there will be much happening tomorrow? Maybe a NZD/USD cross?
  • #495
  • Jun 18, 2007 7:13am Jun 18, 2007 7:13am
Very nice............thanks for the explanation!

Quoting ramrocket
Since the forex markets do not operate over a central exchange, the "volume" in forex is not the same as it is in stocks. Our "volume" is simply the number of incoming prices within a particular bar.

My platform offers volume functions to derive TMF so I use it. I simply overlay a trend line and watch to potential break when Fozzy signal occurs as confirmation.

(Please see chart)
  • #496
  • Jun 18, 2007 7:14am Jun 18, 2007 7:14am
Quoting theDark1
I took em all, cable swissy and euro...

cable closed at tp +40, euro at +39 I'm still holding out for swissy to make a few more pips....

seems to me though that since all these crosses are against the dollar and were primarily caused by the lower than expected CPI, it would have been better to trade them when the news broke out on the 15th, with confirmation from fozzy..would have made twice as many pips...so maybe thats something to look out for in the future when trading for/against the dollar...

I took all three as well. I agree with your thoughts above. I closed them out with 67 pips on Cable, 20 on E/U, and 11 on Swissy just to be safe. Market gave me the pips so I took them.
  • #497
  • Jun 18, 2007 1:25pm Jun 18, 2007 1:25pm
Yeah I took euro as well late last night, up about 25 now, still hanging on hoping it can break that 1.3412ish resistance (which you can see on the 4 hour chart) Might be tough to break it though so maybe i should close
  • #498
  • Jun 18, 2007 1:31pm Jun 18, 2007 1:31pm
where can i find the explanation of fozzy trading system?
thanx
  • #499
  • Jun 18, 2007 1:34pm Jun 18, 2007 1:34pm
Quoting dratef2
where can i find the explanation of fozzy trading system?
thanx
http://forexfactory.com/forumdisplay.php?f=71

Look at the TOP of the page.
  • #500
  • Jun 18, 2007 1:34pm Jun 18, 2007 1:34pm
Quoting dratef2
where can i find the explanation of fozzy trading system?
thanx

If you look at the bottom of this page you will see a similar thread section.......start there.
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