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Attachments: My Daily Fozzy Trades
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My Daily Fozzy Trades

  • #21
  • Dec 14, 2006 11:37am Dec 14, 2006 11:37am
Not having a Sunday candle is, I believe, very important for the success of this method!

Quoting the bhoy
Thanks for sharing BeachBum.
I think whatever broker you use, it levels itself out over time. I just care about not getting the Sunday candle.
Michael
  • #22
  • Dec 14, 2006 11:43am Dec 14, 2006 11:43am
hmmm..you dont take the sunday candle? so you take the trade monday morning for a cross that formed sunday...


i thought some of your results showed a sunday/monday trade..


Quoting BeachBum
Not having a Sunday candle is, I believe, very important for the success of this method!
  • #23
  • Dec 14, 2006 1:08pm Dec 14, 2006 1:08pm
Sunday/Monday trades are generated by the Friday candle.......



Quoting coolshades
hmmm..you dont take the sunday candle? so you take the trade monday morning for a cross that formed sunday...


i thought some of your results showed a sunday/monday trade..
  • #24
  • Dec 14, 2006 1:15pm Dec 14, 2006 1:15pm
Quoting BeachBum
Interesting observation my UK friend. I have 4 computers, two desktop and two notebook. But I NEED the backup because I trade for a living.
BeachBum,

when you say that you trade for a living, do you trade for other people as well, or do you trade exclusively for yourself? I am planning to make that move in the mid-term future, in your opinion, are you making a good living from it?

I am just curious, so if you think it is none of my business just let me knoe (I can take it).
  • #25
  • Dec 14, 2006 1:50pm Dec 14, 2006 1:50pm
Quoting BeachBum
Not having a Sunday candle is, I believe, very important for the success of this method!
Hi BB

My live account does have Sunday candle unfortunately, my demo accounts MT4 server and SBFX do not have Sunday candles but the pairs are very limited. These are permanent demo accounts.

Do FXDD demo accounts expire, do they have all the pairs on demo, and does their daily candle close at 10pm GMT?

We start asking you questions in whatever thread we go.

Thanks

howard
Regards
  • #26
  • Dec 14, 2006 6:53pm Dec 14, 2006 6:53pm
Only got the nzd/usd signal (finally!) this morning and, like I said, not taking that one.

Bit of a boring start to the thread I know but no signals means good pips for the last fozzy signals. I'm still in the market with gbp/chf and gbp/jpy - both long - which I entered before starting this thread.

I have to fight the urge to take a trade in quiet times just to get in the market - the right ones will always come up. It's been a killer for me in the past which is one reason I took to the dailies to stop watching charts all day.

Anyway, have a good weekend all and hopefully we'll have a busy time next week.
  • #27
  • Dec 14, 2006 8:49pm Dec 14, 2006 8:49pm
Quoting the bhoy

http://picnac.com/images/8614Untitled%204.jpg
Hi,

Do u mind share ur vegas MT4 as mind Vegas is for 1 hour only.

thank you.
  • #28
  • Dec 14, 2006 10:09pm Dec 14, 2006 10:09pm
Is this what you want?

You can get the settings from the Vegas thread. Play around with it to see which model works best for the crosses.
I put the solar winds indicator up there too.
Attached File(s)
File Type: mq4 Vegas Currency Daily.mq4   6 KB | 652 downloads
File Type: mq4 Solar Winds.mq4   3 KB | 562 downloads
  • #29
  • Dec 14, 2006 11:58pm Dec 14, 2006 11:58pm
Bhoy, I'm glad you started this thread. This is just what I've been looking for.
A discussion of trades as entered, & why (using the Fozzy method, of course!).

I noticed today that my chart of the GBP/USD shows a Fozzy cross on the close of 12/12/06, but the RSI has retraced back below the 8 day moving average. Would you consider that this is still a buy signal and enter the trade? Let me know what your thoughts are on this.

thanks

shotshell

ps i will attempt to upload my chart picture, but have been unsuccessful at this in the past!
Attached Image
  • #30
  • Dec 15, 2006 12:45am Dec 15, 2006 12:45am
I've said this elsewhere regarding the Daily Fozzy, but it's worth repeating - use a platform that doesn't have the Sunday daily candle - it distorts your indicators, as demonstrated by giving you that 'false' cross.

It didn't cross on other platforms, such as SBFX or FXDD, so you wouldn't have gone long at the top....

In any event it switched back on your chart to a sell on the next candle anyway....

HTH's
  • #31
  • Dec 15, 2006 7:46am Dec 15, 2006 7:46am
Quoting Xerof
I've said this elsewhere regarding the Daily Fozzy, but it's worth repeating - use a platform that doesn't have the Sunday daily candle - it distorts your indicators, as demonstrated by giving you that 'false' cross.

It didn't cross on other platforms, such as SBFX or FXDD, so you wouldn't have gone long at the top....

In any event it switched back on your chart to a sell on the next candle anyway....

HTH's
You are right, does SBFX have all the pairs?

Thanks

howard
Regards
  • #32
  • Dec 15, 2006 10:45am Dec 15, 2006 10:45am
Thanks for the reply Xerof. I downloaded the chart software from FXDD & you are quite correct. No signal is given with that program.
  • #33
  • Dec 15, 2006 12:43pm Dec 15, 2006 12:43pm
ok i see what you mean.. on fxdd there are no saturday and sunday candles..
i trade the friday candle too, on sunday night and hence got confused

Quoting BeachBum
Sunday/Monday trades are generated by the Friday candle.......
  • #34
  • Dec 15, 2006 12:45pm Dec 15, 2006 12:45pm
i have a fxdd demo account so maybe i can answer this.



[QUOTE=howard

Do FXDD demo accounts expire, do they have all the pairs on demo, and does their daily candle close at 10pm GMT?

they have more than 18 pairs, and yes daily candle closes and opens at 10 pm GMT (GMT + 2) . i have fxdd for last 2 weeks and so far not expired.
  • #35
  • Dec 16, 2006 10:25am Dec 16, 2006 10:25am
[quote=coolshades]i have a fxdd demo account so maybe i can answer this.



[quote=howard

Do FXDD demo accounts expire, do they have all the pairs on demo, and does their daily candle close at 10pm GMT?

they have more than 18 pairs, and yes daily candle closes and opens at 10 pm GMT (GMT + 2) . i have fxdd for last 2 weeks and so far not expired.[/QUOTE]

Thanks cool
Regards
  • #36
  • Dec 16, 2006 5:08pm Dec 16, 2006 5:08pm
I've been using my FXDD demo account since Feb. 8.
  • #37
  • Dec 16, 2006 9:21pm Dec 16, 2006 9:21pm
It would appear that there is a Fozzy cross as of Friday's close on the EUR/JPY pair. I'd be interested in everyones thoughts on this. Should the signal be

A. Acted upon? If so, when to enter. Sunday or Monday.
B. If not acted upon, why not?

Shotshell
Attached Image
  • #38
  • Edited 10:46pm Dec 16, 2006 10:40pm | Edited 10:46pm
I confirm that the EUR/JPY is a valid Fozzy for Monday 18th. for the following reasons.

1. Nice cross on the MA's
2. Solar Wind is heading in the right direction.
3. CCI has just formed a good sharp Trend Line Break (TLB)
  • #39
  • Dec 16, 2006 10:51pm Dec 16, 2006 10:51pm
Cannot seem to upload JPG of chart, sorry
  • #40
  • Dec 16, 2006 11:33pm Dec 16, 2006 11:33pm
going against a 6 week consistent daily trend (with a couple retracements along the way...). so.... still a valid fozzy signal, but trade as a possible retracement, like the last short signal on 12/5. Small take profit, (a little room before we hit the tunnel), tight stops...

Maybe this is the top, and if so, then we will have many opportunities to trade with the trend on the way down, so don't push this one...

just my opinion...
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