FOZZY Method CROSSES | Page 34 | Forex Factory

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FOZZY Method CROSSES

  • #661
  • Aug 7, 2007 11:35pm Aug 7, 2007 11:35pm
it's sometimes apply to XAU/USD for Short or Long.... ( Usually use 4 hours Crosses & Daily ! )

2
  • #662
  • Aug 8, 2007 12:22pm Aug 8, 2007 12:22pm
Looks like we are going to have alot of crosses tonight.

Which ones look best to you guys?

AUD/USD with the rate hike seems like it may be a winner.
  • #663
  • Aug 16, 2007 11:17am Aug 16, 2007 11:17am
I took the cross on the Yen last night, and the carry trades are unwinding quite a bit today, so that was a good one! Also, I want to note, I am not using the BB to filter trades. I wanted to just place a few trades on the cross only to get a feel for how they work.

Another nice cross would have been short EUR/USD on the 9th (last week) but I wasn't trading this system then! Doh!
Disregard all prognostications.
  • #664
  • Aug 23, 2007 6:47am Aug 23, 2007 6:47am
Well things are looking good. 1st TP reached and profit booked. Break even on the rest. Where to now? The daily chart offers a clear exit IF WE GET THERE. From here on I will be following a 4H for any sign of the run up ending. I did not take the GBP/USD, mores the pity. For those in this trade I offer this interpretation.
Downtrend line @ 2.0150
Aug 8 low @ 2.0156
Aug 10 low @ 2.0153
61.8R 2.0462 to 1.9652 @ 2.0153
50%R 2.0652 to 1.9652 @ 2.0152
Attached Images
Those that can, do, those that can't, teach.
  • #665
  • Aug 28, 2007 3:00pm Aug 28, 2007 3:00pm
Evening Fozzie followers.

Hope you all got out with a nice profit on AUD/USD and GBP/USD. Prices overrun my targets a bit. As my teacher would write in my school reports, must try harder. Still a profit nonetheless. Personally I think we may retest the 16/17 Aug lows, maybe more. Please Mr Forex God can I have some down arrows?
Those that can, do, those that can't, teach.
  • #666
  • Aug 28, 2007 3:10pm Aug 28, 2007 3:10pm
Quoting pf1966
Evening Fozzie followers.

Hope you all got out with a nice profit on AUD/USD and GBP/USD. Prices overrun my targets a bit. As my teacher would write in my school reports, must try harder. Still a profit nonetheless. Personally I think we may retest the 16/17 Aug lows, maybe more. Please Mr Forex God can I have some down arrows?
Hi pf1966.............in the interest of keeping this thread as small as possible(I know it's already HUGE) I'm moving your last two posts to the Fozzy Cross thread. I'd like to keep this one about the Method for the most part and the other one about specific. Thanks!
  • #667
  • Aug 28, 2007 3:52pm Aug 28, 2007 3:52pm
Evening Fozzie followers. Hope you all booked a nice profit on AUD/USD and GBP/USD. Prices overrun my targets a bit. As my teacher wrote in my school reports, must try harder. Personally I'm looking for a retest of the Aug 17/18 lows, maybe more. Please Mr Forex God can I have some down arrows?
Those that can, do, those that can't, teach.
  • #668
  • Aug 28, 2007 5:19pm Aug 28, 2007 5:19pm
Cross on doller yen.

SELL Opened at 114.13 SL at 114.93

Lets see what happens to the newbe
  • #669
  • Aug 28, 2007 5:26pm Aug 28, 2007 5:26pm
Quoting rizwanmalik
Cross on doller yen.

SELL Opened at 114.13 SL at 114.93

Lets see what happens to the newbe
Be sure to keep an eye on the fib levels as suggested by pf1966.
  • #670
  • Aug 28, 2007 7:10pm Aug 28, 2007 7:10pm
Hi BB,

No problem.
Think I'll pass on USD/JPY. At the risk of missing a quick move I figure I can get in higher up. You're putting me on the spot for fib levels BB. At present the best I can offer is 108.92 to 110.24 A bit more price action needed. Some sort of a bounce would be nice. How's your own analysis with fibs doing?
Those that can, do, those that can't, teach.
  • #671
  • Aug 28, 2007 8:32pm Aug 28, 2007 8:32pm
Quoting pf1966
Hi BB,

No problem.
Think I'll pass on USD/JPY. At the risk of missing a quick move I figure I can get in higher up. You're putting me on the spot for fib levels BB. At present the best I can offer is 108.92 to 110.24 A bit more price action needed. Some sort of a bounce would be nice. How's your own analysis with fibs doing?
I'm in this trade because both the Monthly and Weekly charts support the downtrend of the Daily; but because the price has already reached down to almost the 61.8 fib level, I am very carefully watching the PA AND my S/L. We'll see......
  • #672
  • Aug 29, 2007 1:56am Aug 29, 2007 1:56am
Quoting rizwanmalik
Cross on doller yen.

SELL Opened at 114.13 SL at 114.93

Lets see what happens to the newbe
Hey thanks for the advice on the fib levels.

Sorry made a mistake my open was at 114.21.

Any way made the 30 pips on 1 lot and then broke even.

(Using a spread bet account)
  • #673
  • Sep 4, 2007 6:06am Sep 4, 2007 6:06am
Hi all,

Looks like to cross GBP/USD on daily chart today.
Will anybody take tihis trade?
  • #674
  • Sep 4, 2007 11:49am Sep 4, 2007 11:49am
Quoting rosso832
Hi all,

Looks like to cross GBP/USD on daily chart today.
Will anybody take tihis trade?
Hi rosso....

Have to see where the day ends still.....yet for me, I'll stay on the side lines...only because it has not met my criteria of crossing from 80/20.

Looks in a range.....I am a short term/scalper/day trader though......for me to take a DAILY longer term Position, I really cherry pick

An example would be the mid/late July cross' near the top ( OB ), and the Aug20th cross' near the short term bottom ( OS ). Also the late June07 cross would be an example.....stopped out on that one.

But, as Meatloaf said: "2 outta 3 ain't bad!"

Good Luck
Fxj

P.S. The Cable is a bit volatile for my old blood, so I took smaller positions. Those have been my only 3 trades with cable since learing this Technique, so I don't have a long term track record.

Hope my thoughts helped in some small way...
Proper Prior Planning Prevents Piss Poor Performance
  • #675
  • Sep 4, 2007 11:41pm Sep 4, 2007 11:41pm
  •  Trader#0000
  • | Status: Unregistered Trader
While reading the thread i read about how fozzy method works better if the US time i.e. the EST is used to mark the close of day or a particular period.

Can someone tell me any reliable brokers that have charts based on US Time/EST with Meta Trader?

I hope to get some feedback. Any help will be appreciated. Thanks.

http://www.forexfactory.com/images/misc/progress.gif

  • #676
  • Sep 5, 2007 7:19am Sep 5, 2007 7:19am
Quoting ricardo
While reading the thread i read about how fozzy method works better if the US time i.e. the EST is used to mark the close of day or a particular period.

Can someone tell me any reliable brokers that have charts based on US Time/EST with Meta Trader?

I hope to get some feedback. Any help will be appreciated. Thanks.

http://www.forexfactory.com/images/misc/progress.gif

ricardo......I suggest you spend a few minutes in this thread, it provides what you need:

http://www.forexfactory.com/showthread.php?t=5293
  • #677
  • Sep 7, 2007 3:52pm Sep 7, 2007 3:52pm
As per my post 670, got everything I wanted.
Charts attached.
New car for PF next month me thinks.
Attached Images
Those that can, do, those that can't, teach.
  • #678
  • Sep 9, 2007 2:44pm Sep 9, 2007 2:44pm
Nice trading! Thanks for encouraging the use of fibs; here's one of my best with price hitting the 50 level for 400+ pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy4.png Size: 21 KB
  • #679
  • Sep 9, 2007 7:06pm Sep 9, 2007 7:06pm
Greetings BB,

Very nice too. Looks like you nailed the best of that one.
Is that GBP/JPY?
If so, not one I trade at the moment. Perhaps I should add it to my list.
Those that can, do, those that can't, teach.
  • #680
  • Sep 9, 2007 10:22pm Sep 9, 2007 10:22pm
Quoting pf1966
Greetings BB,

Very nice too. Looks like you nailed the best of that one.
Is that GBP/JPY?
If so, not one I trade at the moment. Perhaps I should add it to my list.
GBP/JPY indeed..............one of my personal favorites; carefully, very carefully!
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