FOZZY Method CROSSES | Page 37 | Forex Factory

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FOZZY Method CROSSES

  • #721
  • Oct 1, 2007 5:11pm Oct 1, 2007 5:11pm
i would wait for a cross on the weekly chart minimum, before evn considering a 'SHORT' frame of mind...

just my two pennies

Bye

Rye
  • #722
  • Oct 1, 2007 6:05pm Oct 1, 2007 6:05pm
Would not go short just yet/ fundies are ?????....though I have placed a sell limit order at 1.4290....which is approx the top of the daily channel.
Post for review
Attached Image (click to enlarge)
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Proper Prior Planning Prevents Piss Poor Performance
  • #723
  • Oct 1, 2007 6:38pm Oct 1, 2007 6:38pm
Posting for review....channels are "equidistant channels"
Attached Image (click to enlarge)
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Proper Prior Planning Prevents Piss Poor Performance
  • #724
  • Oct 3, 2007 10:20am Oct 3, 2007 10:20am
Up or down?
Attached Image
Those that can, do, those that can't, teach.
  • #725
  • Oct 3, 2007 10:24am Oct 3, 2007 10:24am
Quoting pf1966
Up or down?
I'm long from 115.45; I'll be holding until a reversal occurs.
  • #726
  • Edited Oct 4, 2007 5:50am Oct 3, 2007 7:55pm | Edited Oct 4, 2007 5:50am
Updating Chart Posting with a Target Price and my Trailing Stop Update for any following this pair.

Fxj

Update: Trailing Stop Triggered on Trade Overnight....0650am edt updated
Attached Image (click to enlarge)
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Proper Prior Planning Prevents Piss Poor Performance
  • #727
  • Edited 5:55am Oct 4, 2007 5:54am | Edited 5:55am
Sell Limit Triggered on restest of TL/channel bottom...aimed for 23.6 fib...Triggered also

Update for review.... Fozzy Trigger worked again!
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Proper Prior Planning Prevents Piss Poor Performance
  • #728
  • Oct 4, 2007 6:27am Oct 4, 2007 6:27am
Quoting BeachBum
I'm long from 115.45; I'll be holding until a reversal occurs.
I am agree.. I also have long in usdjpy
  • #729
  • Edited 4:03pm Oct 4, 2007 4:02pm | Edited 4:03pm
Update: 1st profit target triggered at .6921....liquidating 1 lot. Trailing Stop moved just beyound todays high with 2 lots working.

Posting Chart for review...
Fxj
Attached Image (click to enlarge)
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Proper Prior Planning Prevents Piss Poor Performance
  • #730
  • Oct 5, 2007 3:26am Oct 5, 2007 3:26am
Quoting BeachBum
I'm long from 115.45; I'll be holding until a reversal occurs.
Nice 1 BB.
Glad the fibs are working for you.
Bit premature with the EURO/USD, but it did finally pull back.
Looks like a bit of a battle going on with USD/JPY. NFP to make or break.
Those that can, do, those that can't, teach.
  • #731
  • Oct 8, 2007 10:52am Oct 8, 2007 10:52am
Another awesome fozzy 4 hour short~
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  • #732
  • Oct 8, 2007 11:08am Oct 8, 2007 11:08am
Quoting ShadyChars
Another awesome fozzy 4 hour short~
Very nice: simple and successful!
  • #733
  • Oct 8, 2007 2:13pm Oct 8, 2007 2:13pm
is this a valid cross?
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  • #734
  • Oct 8, 2007 2:23pm Oct 8, 2007 2:23pm
Quoting shrombe7
is this a valid cross?
shrombe7....................at what time during the 'Trading Day' do you usually make a decision about a "valid" cross based on your Fozzy-style trading strategy?
  • #735
  • Oct 8, 2007 2:24pm Oct 8, 2007 2:24pm
It's a valid cross but "iffy" because of the volatility of the carry trades. If you downshift to a 4 hour chart you would have had an entry on the last candle around 165.11 and you could have entered then with a trailing stop of say + 10 and let it ride. A safer approach. I've been trading the Fozzy 4hr for several months after trading the Dailies for 9 months or so. It just gives you a more timely entry. BB has been advocate of this and rightly so....
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  • #736
  • Oct 8, 2007 2:31pm Oct 8, 2007 2:31pm
The price on the 4 hour is positioning for a 'breakout' of the wedge.
Attached Image
  • #737
  • Oct 8, 2007 2:47pm Oct 8, 2007 2:47pm
An EJ read to consider~

http://www.forexfactory.com/news.php?do=news&id=50762
  • #738
  • Oct 8, 2007 3:10pm Oct 8, 2007 3:10pm
Quoting BeachBum
shrombe7....................at what time during the 'Trading Day' do you usually make a decision about a "valid" cross based on your Fozzy-style trading strategy?
I know it is early to complete cross ( nearly 5 hrs ealry for new candle). this is my first time using fozzy and I don't want to be in bed at cross time.

also I am confused as a Sunday candle is present (it really confuses me .. is it considered a day or not). but the wedge tell all. thanks

Quoting ShadyChars
An EJ read to consider~

http://www.forexfactory.com/news.php?do=news&id=50762
good article ShadyChars thanks
  • #739
  • Oct 8, 2007 4:10pm Oct 8, 2007 4:10pm
BB recommends to all Sunday Candleholders to set up a demo account with FXDD where there are no Sunday Candles. It does seem to make a difference. The movement in the EJ over the past 1/2 hour is why its wise not to jump the gun on your Daily Bread err..candle crosses
I use the CCI as confirmation of entry and I like to see movement pushing down towards the 0 line and not hugging the + as is the case at the moment.


Quoting shrombe7
I know it is early to complete cross ( nearly 5 hrs ealry for new candle). this is my first time using fozzy and I don't want to be in bed at cross time.

also I am confused as a Sunday candle is present (it really confuses me .. is it considered a day or not). but the wedge tell all. thanks



good article ShadyChars thanks
  • #740
  • Oct 9, 2007 8:07am Oct 9, 2007 8:07am
Broker-FXDD
EA Version 2.2
Default Settings at 2 pips but s/l of 30 pips plus spread

Executed on 10/9/07 Bar
AUD/USD Sell -68 (hit 34 pip s/l)
GBP/USD Sell +111 (+40, then +71)
EUR/JPY Sell +90 (+40, then +50)

Profit +133 pips
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