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FOZZY Method CROSSES

  • #581
  • Jun 28, 2007 6:44pm Jun 28, 2007 6:44pm
Not so sure I would take the usd/cad after a big candle like that. Plus on the weekly chart it looks like a bit of support is in place for it to go much further down. And you have a pin bar on the 4H.... But in reality who the heck knows what it will do.....Happy trading

Billser

Quoting BeachBum
lholcomb................I do not disgaree with your charts, but want to point out something for those who are still "learning" Fozzy trading:

Look at the 4 hour chart on the USD/CAD. What do you see? I've been short since 1.0700. Two lots closed, one will run until exhausted.

Learning a 4 hour method has it's advantages!
It's All About Attitude ...
  • #582
  • Jun 28, 2007 9:20pm Jun 28, 2007 9:20pm
i passed on the usd/cad as well, the big candle, plus as well the action on the 4 hr chart as BB pointed out. the eur/usd and usd/chf still hadnt quite crossed on my daily open, 00:00 GMT.
  • #583
  • Jun 29, 2007 5:19am Jun 29, 2007 5:19am
Well, usually I take you alls advice...good thing I didn't with the USD/CAD...I had a nice 70 pip gain when I woke up this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: USD_CAD.jpg Size: 20 KB
  • #584
  • Jun 29, 2007 5:30am Jun 29, 2007 5:30am
Quoting lholcomb
Well, usually I take you alls advice...good thing I didn't with the USD/CAD...I had a nice 70 pip gain when I woke up this morning. Attachment
Excellent! As Billser said: "But in reality who the heck knows what it will do"
  • #585
  • Jun 29, 2007 7:34am Jun 29, 2007 7:34am
Congrats, Risky but Congrats

Quoting lholcomb
Well, usually I take you alls advice...good thing I didn't with the USD/CAD...I had a nice 70 pip gain when I woke up this morning. Attachment
It's All About Attitude ...
  • #586
  • Jun 29, 2007 8:03am Jun 29, 2007 8:03am
Quoting BeachBum
lholcomb................I do not disgaree with your charts, but want to point out something for those who are still "learning" Fozzy trading:

Look at the 4 hour chart on the USD/CAD. What do you see? I've been short since 1.0700. Two lots closed, one will run until exhausted.

Learning a 4 hour method has it's advantages!
BB,

I am working from home today while trading and looking at the 4H, thanks for making me more aware of the 4H see below:
Attached Image


Attached Image
  • #587
  • Jun 29, 2007 9:41am Jun 29, 2007 9:41am
Quoting lholcomb
BB,

I am working from home today while trading and looking at the 4H, thanks for making me more aware of the 4H see below:
Attachment

Attachment
Your welcome, just be careful when using the 4 hour. Have you read the thread about trading the 4 hour Fozzy method? If not, I suggest you do so......
  • #588
  • Jun 30, 2007 3:00am Jun 30, 2007 3:00am
Quoting lholcomb
Well, usually I take you alls advice...good thing I didn't with the USD/CAD...I had a nice 70 pip gain when I woke up this morning. Attachment
Hi!

I'm interesting: have you moved then your SL or just closed position?

Thank you!
  • #589
  • Jun 30, 2007 7:36am Jun 30, 2007 7:36am
Quoting aktaurus
Hi!

I'm interesting: have you moved then your SL or just closed position?

Thank you!
I just let it hit my SL @ 1.0520...I was happy with what I had.
  • #590
  • Jun 30, 2007 1:43pm Jun 30, 2007 1:43pm
Quoting lholcomb
I just let it hit my SL @ 1.0520...I was happy with what I had.
Cool! How did you set this SL? I don't see 0,7ATR or ATR or 1,7ATR at this value.
Attached Image
  • #591
  • Jun 30, 2007 1:55pm Jun 30, 2007 1:55pm
Quoting aktaurus
Cool! How did you set this SL? I don't see 0,7ATR or ATR or 1,7ATR at this value.
I think initially I just set a 30 pip S/L and moved the S/L down as price went down. I am still on demo, just testing what I will eventually use. I am opening up a $300 mini and I just can't do a S/L that is 70% or whatever the ATR is until I get may account balance up.

I know thats contrary to the Fozzy method.
  • #592
  • Jul 1, 2007 4:06am Jul 1, 2007 4:06am
its going to be very difficult to trade a mini acct with $300... thats what i am using as well, but trading micro lots, i still cant trade more than 2 or 3 pairs at the same time... probably going to be switching to oanda where i can set the pip size... the only thing i dont like about oanda is they dont have trailing stops... so i may keep my current account open for my trailing stop trades... oanda for fozzy trading.
  • #593
  • Jul 2, 2007 11:33am Jul 2, 2007 11:33am
Anythihg for tonight guys?GBP/CAD?AUD/JPY?
  • #594
  • Jul 2, 2007 3:42pm Jul 2, 2007 3:42pm
  •  TPO
  • | Joined Sep 2006 | Status: One Life, One Chance | 68 Posts
Anyone else using SBFX for MT4 and got the mad price on EURJPY, give me a shout and I'll post how to get rid of it.

-TPO.
  • #595
  • Jul 2, 2007 6:48pm Jul 2, 2007 6:48pm
Quoting Brolin69
Anythihg for tonight guys?GBP/CAD?AUD/JPY?
Took CAD/JPY, AUD/USD. Left AUD/JPY alone, I dont trade it (already have enough exposure in my carry trade basket).
  • #596
  • Jul 2, 2007 7:28pm Jul 2, 2007 7:28pm
Hi Craig,

This is my AUD/USD. Not even close to Fozzy entry criterias. If I got wrong settings, I'm in deep trouble
Attached Image (click to enlarge)
Click to Enlarge Name: Aud-Usd.jpg Size: 31 KB
  • #597
  • Jul 3, 2007 2:46am Jul 3, 2007 2:46am
Quoting AlexJ
Hi Craig,

This is my AUD/USD. Not even close to Fozzy entry criterias. If I got wrong settings, I'm in deep trouble
What broker are you using Alex?

Here's what I got:
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 100 KB
  • #598
  • Jul 3, 2007 5:24am Jul 3, 2007 5:24am
This is what I have for AUD, my broker is MIG, GMT +2.
Attached Image
  • #599
  • Jul 3, 2007 5:48am Jul 3, 2007 5:48am
Guess it just goes to show what broker differences can do to you. Im using FXDD.

Does MIG have a Sunday candle?
  • #600
  • Jul 3, 2007 6:10am Jul 3, 2007 6:10am
Quoting Craig2
Guess it just goes to show what broker differences can do to you. Im using FXDD.

Does MIG have a Sunday candle?
MIG has a sunday candle. I have had a live account with FXDD a couple years ago for one trade. When I came to close my position at +45 pips, I got the message market has moved, I tried to close it for 5-7 times and it finally accepted after a few minutes at 25 pips profit, that was when the market completly stoped moving. They called me to confirm I was closing my account but never asked why after only one trade.
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