The Daily Fozzy Method

Quoting the bhoy

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Hi all.


As a way to refine my trades and get some input from others (and maybe help a few, who knows) I've started a journal based on my fozzy trades (live account).

Hope you can drop by.

http://www.forexfactory.com/forexfor...ad.php?t=11273

Cheers
Michael

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Quoting BeachBum

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Why?

I use MT4 charting from FXDD on a demo account. This way I have access to all the indicators and charts that I use in trading the Daily Fozzy (as seen in my posted charts), but I don't trade with FXDD. My broker(s) don't use MT4, but that doesn't stop me from using this charting software. (I don't use the fozzy EA; this is the only reason I can think of why you would need a broker with MT4)

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Quoting nerka75

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Hello all,


Would anybody will be so kind and put in solar wind indicator into thread again , I am sure it has been posted, i went through and probably mised it just to save some time if anybody can do it again or point to the post, would be very gratefull.

Godd trading to all off you

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Quoting nerka75

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Hello all,


Would anybody will be so kind and put in solar wind indicator into thread again , I am sure it has been posted, i went through and probably mised it just to save some time if anybody can do it again or point to the post, would be very gratefull.

Godd trading to all off you

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Quoting jlowder

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As a suggestion, at the start of each day, close and reopen your MT4 so the solar wind will redraw its self to the current days open.

Jason

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Quoting milan47

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Hi Jason,
I placed the following in the metatrader thread by mistake....

You did mention in one of your earlier posts that the solar may be used for signaling exits. If the blue lines are under the RSI, the trend is weakening and it is time to think about exiting the trade. I am long in USJPYand the solar indie is under the RSI, but the daly candle is already at 76.4 fibo and it might continue north. Any suggestions?

Thank you for your help

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Quoting jlowder

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There wasn't a whole lot of scientific backing to my statement. It was something that I noticed, but mainly in strong trends. In this case the RSI hasn't spent any time inside the SW so I don't know that I would have paid much attention to that as an exit indication. Personally I probably would just stick to my normal TP/SL rules here...

Jason

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Quoting jlowder

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There wasn't a whole lot of scientific backing to my statement. It was something that I noticed, but mainly in strong trends. In this case the RSI hasn't spent any time inside the SW so I don't know that I would have paid much attention to that as an exit indication. Personally I probably would just stick to my normal TP/SL rules here...

Jason

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Quoting coolshades

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jason,

every since you pointed out sw i have been doing some research on historical fozzy crosses vis a vis sw .. and i am growing to believe the sw follows the fozzy cross.. to be honest i have researched only the lesser traded pairs such as nzdusd, eurgb and thats because i analyse as a cross happens during the day.

this week there havent been that many viable crosses.

i shall share more info when i get it.

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Quoting jlowder

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I can understand how you might draw that conclusion if the pair in question doesn't have a lot of retracements, but from looking at cable etc I don't think it always follows in those situations... When trends change with the SW, yes, those are typically shortly after the cross for standard fozzy.

I've changed the MA in my fozzy indicator to more closely follow the vegas tunnel and am liking that a bit better for the moment. In this case there really isn't such a similiarity.

Jason

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Quoting poekmeister

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Hi all
This week was a slow week. Not many crosses. Though quite some "bumps"from MA-RSI. I analysed "bumps"as potential entry trigger but they seem not to be reliable. O well, I am satisfied with this weeks results. Next week I will add some more pairs to the current 9 I track. I belief master BB is tracking 18.



Closed trades (wk49)
Majors since 5 December + other CISCO pairs since 7 December
6/12 EURUSD: +30
6/12 GBDUSD: +45
8/12 USDCHF: +30
==============
Total w49: +105 nett pips

Closed trades (wk50)
Majors + CISCO pairs11/12 CADJPY: +26
12/12 EURJPY: +148
15/12 EURJPY: +30
==============
Total w50: +204 nett pips

Total Dec: 6 trades, 6 wins, 0 losses => +309 nett pips

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Quoting BeachBum

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Ahhhhhh........another successful "fozzy" trader. Well done! (18 and now looking at Gold)

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Quoting willf

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Yeah. I have been following gold also. And the S&P 500.

Both look quite good. BB Have you added the Vegas SP fibs to gold? Seems to fit quite nicely.

This week has been slow but still made some nice pips.

10-Dec CADJPY 93
11-Dec GBPCHF 235
12-Dec EURGBP 47
12-Dec GBPAUD 39
Total 414

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Quoting JillyB

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Just having a quick look at my charts, but for some reason they don't appear to confirm these trades. For instance, the GBPAUD crossed on the 12th, but this wouldn't have been confirmed until the end of that day - bearing in mind that a cross isn't a cross until it's confirmed. The following day - cross now confirmed - the index fell 99 pips (CMC bid price) before starting to rally on the following two days.

Are you saying that you would stay in this trade, risking 99 pips just to make 39 on the trade? This doesn't seem good money management.

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Quoting willf

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Yeah. I have been following gold also. And the S&P 500.

Both look quite good. BB Have you added the Vegas SP fibs to gold? Seems to fit quite nicely.

This week has been slow but still made some nice pips.

10-Dec CADJPY 93
11-Dec GBPCHF 235
12-Dec EURGBP 47
12-Dec GBPAUD 39
Total 414

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Quoting willf

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You are not taking into account my time zone. I am in the UK so I make all my trades at 10.00pm GMT. My brokers server time is GMT+2.

So my trade dates maybe a day behind yours (by 2 hours).

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