FOZZY Method CROSSES | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Daily Fozzy Method 2,814 replies

The 4 Hour Fozzy Method 233 replies

The Fozzy EA 389 replies

Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies

Monthly Fozzy Method 9 replies

Attachments: FOZZY Method CROSSES
Exit Attachments

FOZZY Method CROSSES

  • #641
  • Edited 12:34pm Jul 17, 2007 9:46am | Edited 12:34pm
All I am using is the RSI/MA 8 crossovers according to the Fozzy E-book.

No Bollinger Bands or additional indicators, and yes I did create them from scratch.

Some of this is backtesting and some forward. Have been trading live with this system on and off for about a month or two.
  • #642
  • Jul 17, 2007 1:01pm Jul 17, 2007 1:01pm
Rosco_P, Thanks for the info.
  • #643
  • Edited 7:14pm Jul 20, 2007 10:09am | Edited 7:14pm
Over the past couple of days, I had an oppurtunity to go over some of my results on the North Finance MT 4 Platform. I noticed that the NF MT4 platforms prices were on average 2-3 pips different than the SB MT4 and my brokers quotes as well. Also, that many of the crosses on my charts were non-existent. Moreover, when coupled with their Sunday Candle the RSI/MA crosses produced much different results.

So please take time and go over your particular charting software to ensure that any system designed with Fozzy in mind as the base will work for you.
  • #644
  • Jul 20, 2007 10:49am Jul 20, 2007 10:49am
Quoting Rosco_P
Over the past coupleof days, I had an oppurtunity to go over some of my results on the North Finance MT 4 Platform. I noticed that the NF MT4 platforms prices were were on average 2-3 pips different than the SB MT4 and my brokers quotes as well. When coupled with their Sunday Candle this produced much different results.

So please take time and go over your particular charting software to ensure that any system designed with Fozzy in mind as it's base will work for you.
Rosco_P.............thanks for sharing this with us. This is something we have discussed here before, and IMO only serves to emphasize the need to use this method in a very "personalized" manner. Broker feed and timing does make a difference! "Your results may vary"
  • #645
  • Jul 26, 2007 12:35pm Jul 26, 2007 12:35pm
Fozzy Rules~
Attached Image (click to enlarge)
Click to Enlarge Name: 1tl2.jpg Size: 44 KB
  • #646
  • Jul 26, 2007 12:49pm Jul 26, 2007 12:49pm
Quoting acapulco
Fozzy Rules~
acapulco
Buenos Nachos

I love Nachos.............................and cerveza............................
  • #647
  • Jul 27, 2007 9:46am Jul 27, 2007 9:46am
Another 200 pips~
Attached Image (click to enlarge)
Click to Enlarge Name: 1tl2.jpg Size: 44 KB
  • #648
  • Jul 27, 2007 10:49am Jul 27, 2007 10:49am
Quoting acapulco
Another 200 pips~
Well done acapulco.................the last two weeks have been phenomenal!!!
  • #649
  • Jul 28, 2007 3:21pm Jul 28, 2007 3:21pm
Quoting acapulco
Another 200 pips~
Acapulco...just curious...what's the purpose of your Dinamic Zone RSI ( 8, 20, 8) ? looks to me identical to FOZZY ?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_124.jpg Size: 76 KB
  • #650
  • Jul 29, 2007 6:06am Jul 29, 2007 6:06am
Anyone here joins James16 PF group

What is the risk/award ratio?
Anyone mind to share? Thank you.

Likeke
  • #651
  • Jul 30, 2007 6:43pm Jul 30, 2007 6:43pm
Tis'- what's the purpose of pointing out the obvious? LOL

Quoting hbrandt
Acapulco...just curious...what's the purpose of your Dinamic Zone RSI ( 8, 20, 8) ? looks to me identical to FOZZY ?
  • #652
  • Aug 6, 2007 9:21am Aug 6, 2007 9:21am
Did anyone have a GBP/USD and USD/JPY Fozzy cross yesterday?

The MT4 that I use had a broker feed issue on August 2nd and the daily numbers were terribly skewed and I am concerned that my charts are not accurate at the moment.
  • #653
  • Aug 6, 2007 9:32am Aug 6, 2007 9:32am
Quoting Rosco_P
Did anyone have a GBP/USD and USD/JPY Fozzy cross yesterday?

The MT4 that I use had a broker feed issue on August 2nd and the daily numbers were terribly skewed and I am concerned that my charts are not accurate at the moment.
I had "completed" crosses on Friday for both of these pairs. I did not trade either because I didn't like what the 4 hour chart was telling me. HTH!
  • #654
  • Aug 6, 2007 10:20am Aug 6, 2007 10:20am
BB-Thanks for the reply.

Now I know I was not alone.
  • #655
  • Aug 6, 2007 3:05pm Aug 6, 2007 3:05pm
Quoting BeachBum
I had "completed" crosses on Friday for both of these pairs. I did not trade either because I didn't like what the 4 hour chart was telling me. HTH!
The GBP/USD cross was barely a cross on the daily chart, almost a bounce. I never consider it a cross unless the difference between the RSI and its average is at least 5 or 6 points. Not to mention that there was Fibo. convergence there. And the candles showed a very unhealthy rise. Long shadows showing the uncertainty.

THe USD/JPY, even though the cross was a little more pronounced, was still less than 3 points in a consolidating market. Not a good idea...
  • #656
  • Aug 6, 2007 3:16pm Aug 6, 2007 3:16pm
Quoting Metalhawk
The GBP/USD cross was barely a cross on the daily chart, almost a bounce. I never consider it a cross unless the difference between the RSI and its average is at least 5 or 6 points. Not to mention that there was Fibo. convergence there. And the candles showed a very unhealthy rise. Long shadows showing the uncertainty.

THe USD/JPY, even though the cross was a little more pronounced, was still less than 3 points in a consolidating market. Not a good idea...
My FXDD demo account charts showed the opposite: GBP/USD cross, USD/JPY bounce. But today's 4 hour on the USD/JPY yielded 70 pips, while the 4 hour kept me out of a GBP/USD trade.

Please comment on: "I never consider it a cross unless the difference between the RSI and its average is at least 5 or 6 points."
  • #657
  • Aug 6, 2007 4:31pm Aug 6, 2007 4:31pm
Quoting BeachBum
My FXDD demo account charts showed the opposite: GBP/USD cross, USD/JPY bounce. But today's 4 hour on the USD/JPY yielded 70 pips, while the 4 hour kept me out of a GBP/USD trade.
Weird. I use FXDD's demo account as well...

Quote
Please comment on: "I never consider it a cross unless the difference between the RSI and its average is at least 5 or 6 points."
I attached an example. The first highlighted on cross on June 25 had a RSI of 72.79 and a RSI average of 74.40. For me, that's too close to be considered a cross. I still see it as a bounce. What I do is give 2 extra candles for the RSI and its average to separate more. Using the same cross as above, by waiting an extra day, at the end of June 26, the RSI is 58.59 and the average is 70.89. That's plenty of separation, so I would open a short position at the opening of June 27.

The thirdhighlighted cross on Aug. 3 shows what waiting often helps me avoid. The RSI was 25.43 and the average 27.97 at the end of the day. So I would wait for better separation and sure enough, it bounced back.

The second highlighted example on July 18 is a perfect example of my waiting. There's a short cross, but it's too tight of a cross for me. So I would wait. At the close of the next day, it's still too tight. I always allow for a maximum of 2 extra candles. After that, I don't take the cross no matter what. In this case, at the close of the 2nd extra candle on July 20, there's plenty of separation so I would open a position on July 23.

While this way sometimes gets me in too late and creates a losing trade, it helps me avoid many bad signals, especially when the pair is consolidating.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 77 KB
  • #658
  • Aug 6, 2007 4:44pm Aug 6, 2007 4:44pm
Metalhawk....................thanks for the thorough, understandable explanation!
  • #659
  • Aug 6, 2007 4:56pm Aug 6, 2007 4:56pm
Quoting BeachBum
Metalhawk....................thanks for the thorough, understandable explanation!
It's the least I can do after all your explanations throughout the Fozzy threads...
  • #660
  • Aug 7, 2007 10:19am Aug 7, 2007 10:19am
Metalhawk,
thanx for your example and explanation,i think that how a prof should trade.
Dr atef
1 trader viewing now