FOZZY Method CROSSES | Page 36 | Forex Factory

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FOZZY Method CROSSES

  • #701
  • Sep 26, 2007 12:47pm Sep 26, 2007 12:47pm
Quoting FxJarhead
Here is a pair I don't see chatted about or traded much.....yet is one I really like.

It is trading in a down trend channel, since about June...though channel not identified till mid July.....Bottom has been good support creating bounces for some very nice pips. One will notice, the Fozzy cross not great at all, yet minorly positive, cci positive....yet it was the channel bottom I traded off of with the "weak" support of my indicators. Plus I did get a bounce off of my rsi <15. Just another tool.

Post for review.....Fxj
You also took advantage of what some would loosely call "Price Action".......
  • #702
  • Sep 26, 2007 3:48pm Sep 26, 2007 3:48pm
Just wanted to say you guys have been doing an incredible job diving in and out of these pairs, snatching up the pips



I don't think I could ever copy what FxJ does though

You must really live on those small TFs! =)
Trust price. Know yourself.
  • #703
  • Sep 26, 2007 6:03pm Sep 26, 2007 6:03pm
Quoting BeachBum
Great post.............did you take the short and then the long?
Absolutely. I really should take this up for a living. Oh forgot, I do.
Congrats on the dragon trades. To much of a white knuckle ride for my multiple lot trading style. Lots of respect for those that do trade it.
I'm quite happy with the 6 pairs I follow. Hit em hard then get out.
Anyone short on 4H EUR/USD?
Those that can, do, those that can't, teach.
  • #704
  • Sep 26, 2007 7:11pm Sep 26, 2007 7:11pm
Gotta love Fozzy!!!
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  • #705
  • Sep 26, 2007 8:36pm Sep 26, 2007 8:36pm
Quoting baddison
Gotta love Fozzy!!!
Rock and Roll.......................
  • #706
  • Sep 26, 2007 8:37pm Sep 26, 2007 8:37pm
Quoting pf1966
Anyone short on 4H EUR/USD?
Saw it, didn't "feel" right, took a pass!
  • #707
  • Sep 27, 2007 9:19am Sep 27, 2007 9:19am
Quoting BeachBum
Saw it, didn't "feel" right, took a pass!
I know what you mean.
Waiting for a breakout.
Attached Image
Those that can, do, those that can't, teach.
  • #708
  • Sep 27, 2007 10:05am Sep 27, 2007 10:05am
Quoting baddison
Gotta love Fozzy!!!
EURJPY

But yes, was a very nice trade...I think it coincided with that USDJPY 114 PB / 1h BUOB

Still not sure about trusting 4h fozzy tho

It seems so...cross-happy

It IS the very same setting as for daily, right?
Trust price. Know yourself.
  • #709
  • Sep 27, 2007 10:11am Sep 27, 2007 10:11am
Quoting SeekingLight

Still not sure about trusting 4h fozzy tho

It seems so...cross-happy

It IS the very same setting as for daily, right?
Yes, same settings. 4 hour works best on a pair with higher volatility, i.e. GBP/JPY; it's like trading the Daily on a slower pair.
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  • #710
  • Sep 27, 2007 12:14pm Sep 27, 2007 12:14pm
Thanks BB!

No idea if this will go anywhere, but....2x4h PB, fozzy cross, fozzy spike PB...

Is this a valid one for sane people, too? ;p
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Trust price. Know yourself.
  • #711
  • Sep 27, 2007 12:57pm Sep 27, 2007 12:57pm
Quoting SeekingLight
Thanks BB!

No idea if this will go anywhere, but....2x4h PB, fozzy cross, fozzy spike PB...

Is this a valid one for sane people, too? ;p
For me, this is an "add to" signal because I am already long on this pair:
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  • #712
  • Sep 28, 2007 12:04am Sep 28, 2007 12:04am
legit?

DBLHC off the TL and retrace from current move


BB WHERE ART THOU
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  • #713
  • Sep 28, 2007 7:48am Sep 28, 2007 7:48am
Quoting mbqb11
legit?

DBLHC off the TL and retrace from current move


BB WHERE ART THOU
Hi Mike.............I was sleeping......zzzzzzzzzzzzzz!

This pair is different with the Fozzy. I'm not sure why, but I trade "with" the Daily Chart. On the 26th. there was a nice bearish PB followed by a rather large BEB; for me that is a signal to look on the 4 hour for bearish trades. Your DBLHC was against all that and was hitting a trend line I had on my charts. So NO, for me not a legit trade; sorry!
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  • #714
  • Sep 28, 2007 7:52am Sep 28, 2007 7:52am
Quoting BeachBum
Hi Mike.............I was sleeping......zzzzzzzzzzzzzz!

This pair is different with the Fozzy. I'm not sure why, but I trade "with" the Daily Chart. On the 26th. there was a nice bearish PB followed by a rather large BEB; for me that is a signal to look on the 4 hour for bearish trades. Your DBLHC was against all that and was hitting a trend line I had on my charts. So NO, for me not a legit trade; sorry!
It was the first pair that had a fozzy 4hr cross since I started watching lol I hate eur/gbp, thought maybe fozzy could change my mind

Thanks for the analysis. I will continue to watch the crosses on the 4hour see if I see anything that fits in nice

Thanks B
  • #715
  • Sep 28, 2007 12:46pm Sep 28, 2007 12:46pm
Quoting mbqb11
It was the first pair that had a fozzy 4hr cross since I started watching lol I hate eur/gbp, thought maybe fozzy could change my mind

Thanks for the analysis. I will continue to watch the crosses on the 4hour see if I see anything that fits in nice

Thanks B
I'm not a BIG fan of this pair either, but it CAN be Fozzy traded, just requires some practice.

Have a great weekend!
  • #716
  • Edited 11:27am Sep 29, 2007 10:53am | Edited 11:27am
Hi BB & mbq,

With the eur/gbp....I have been working with and studying this pair of late.
I am short 3 lots from .7024.
I have found, that for a Long Term trade, going up to the MONTHLY Charts, working down to the weeklies, and trading from signals on a daily may hold some decent promise.
BB...Your TL up coincides closely with the 200 monthly SMA @ .7034...STRONG Resistence along with an OB daily.
The placement of my Sell Lmt was set after the daily PB on the 26th which did give a sell signal....yet on the weeklies and monthly....for this pair, which moves a bit slower than most....200monthly had not been tested enough ( only once ), I placed my Sell just below 200 to be onboard and a stop above to get out if rally broke thru. Going to post a chart for review...if you both have questions, I can probably answer them better than just rambling away here.
I never meant to post this trade....not many follow it, yet I saw your discussions, and thought this might help.
Fxj

FYI...notice cci divergence and rsi 8 divergence after 8/8 cross....

BB...is your posted chart above a daily?....5p close? They look a bit different. Oanda, charts are midnight edt....of course these are NF freebie charts 5pm edt close.

UPDATE: Notice on the daily....the 200daily sma was support and than the 8/8 cross up at approx .6765. YES there was a 8/8 cross down just prior....yet far to close to support to have warrented a short, IMO. I did not trade that long cross earlier this month....eurbp was not on my list, though I was doing a FAILED experiment that had nothng to do with this method.
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Proper Prior Planning Prevents Piss Poor Performance
  • #717
  • Sep 29, 2007 11:21am Sep 29, 2007 11:21am
Other than the trade I am short in the Post above.....These are examples....I DIDNOT trade these.....was research only.....Thou helped me with current trade.....notice how 200sma in either time frame is respected. and TL tests usually have an 8/8 cross soon after. Small sampling, I know.....couldn't fit an entire decade or two!!
I am short for now...have no bias, if it turns with a decent cross, I will go with that....though for now, I'd target the fib retracements and ultimately a retest of the Mon TL break.
Attached Image(s) (click to enlarge)
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Proper Prior Planning Prevents Piss Poor Performance
  • #718
  • Sep 29, 2007 11:23am Sep 29, 2007 11:23am
FxJ.............good info on this pair; no time for additional comment now, but I will post more later.

My chart posted above is 4 hour (5 PM ET close, FXDD feed) because Mike had asked about a signal on this time frame; like you, I trade this pair off the higher time frames; EUR/CHF too.
  • #719
  • Edited Oct 2, 2007 12:39pm Oct 1, 2007 3:55pm | Edited Oct 2, 2007 12:39pm
  •  Trader#0000
  • | Status: Unregistered Trader
Does everyone see the fozzy cross on the daily chart for Euro/$ ??? Am I dreaming or is euro going to turn? Views and comments are welcome!

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

  • #720
  • Oct 1, 2007 4:50pm Oct 1, 2007 4:50pm
Quoting ricardo
Does everyone see the fozzy cross on the daily chart for Euro/$ ??? I am dreaming or is euro going to turn? Vies and comments are welcome!

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

Be careful!
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