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Fozzy e-book - noobs can start here

  • #61
  • Jul 18, 2007 10:38pm Jul 18, 2007 10:38pm
Quoting Pepejeans
cud you tell me if MA8 is to the "close" or "first indicator's data"...
and in what time frame you use this...
doesn't be important the nivels that occur the cross (RSI/MA) below 30, above 70 or below/above 50....
thanks (i'm sorry my english)
No problem about your English - everyone is welcome here.

The MA(8) is on first indicators data. The time frame is of course Daily (D1). If you are not sure on the time frame then you need to read the book carefully again - and the main thread.

I look at 80/20 RSI levels when entering a trade. But be careful entering against the trend. Look for candle patterns and if price is bouncing off support/resistance or fib levels to confirm.

Hope that helps
Michael
  • #62
  • Jul 31, 2007 3:17am Jul 31, 2007 3:17am
How to setting this method to my PDA (Metatrader 4 Mobile) ?
  • #63
  • Aug 2, 2007 5:04am Aug 2, 2007 5:04am
No ppl reply my msg

But i already find it how to set fozzy on my PDA.

Actualy it is same like you setting it on PC.


Cheers
  • #64
  • Aug 19, 2007 4:52pm Aug 19, 2007 4:52pm
Quoting bapho
thank you very much for the book the bhoy , i still dont understand about the stop u said that "stops to 70% of ATR" i dont understand how to calculate it, can anyone please aswer me, thank you very much
Hi there,

If using pairs where 0.0001 = 1 pip take ATR and multiply by 10,000. That will be your number of pips X 70% = your stop loss

If using pairs where 0.01 = 1 pip take ATR and multiply by 100. The rest is the same.

Hope this helps!
  • #65
  • Aug 29, 2007 1:29pm Aug 29, 2007 1:29pm
Despite not having read the ebook yet, I would like to present my eternal thanks for all parties involved in creating the system, gathering the info, compiling it into an ebook, and distributing it here on this rock em sockum forum.

Hugs for all (before my little demon finds out)
"Please sir, may I have some more pips?"
  • #66
  • Sep 5, 2007 7:03pm Sep 5, 2007 7:03pm
Michael,
Congrats on the e-book. Well presented, and you have really spent some time making it a quality piece. Well done. Clear and lucid.
No criticisms to offer in regard to the layout of the book,and the content. Reflects fozzy's original posts.
My only hassle is watching the false signals, and i have not finished the main thread to see how others deal with this. Thanks for your ideas on how you deal with some of these false signals.
Frank
FrankieB
  • #67
  • Sep 5, 2007 9:59pm Sep 5, 2007 9:59pm
Quoting Frank Basten
Michael,
Congrats on the e-book. Well presented, and you have really spent some time making it a quality piece. Well done. Clear and lucid.
No criticisms to offer in regard to the layout of the book,and the content. Reflects fozzy's original posts.
My only hassle is watching the false signals, and i have not finished the main thread to see how others deal with this. Thanks for your ideas on how you deal with some of these false signals.
Frank
Most "False Signals" can be filtered out in time, with experience and by applying some of the excellent suggestions contained in the original thread. Reading (or at least 'viewing') all those posts has it's payoff.
  • #68
  • Sep 6, 2007 1:59am Sep 6, 2007 1:59am
Quoting jkancil
No ppl reply my msg



Cheers
I think we're all too stunned by the beauty of your avatar. Wow!
  • #69
  • Sep 6, 2007 7:20am Sep 6, 2007 7:20am
Quoting backinblack
I think we're all too stunned by the beauty of your avatar. Wow!
I believe 'your' avatar is passing the time waiting for smjones to ask him to return home...........
  • #70
  • Sep 16, 2007 12:28pm Sep 16, 2007 12:28pm
I'm afraid I can't devote much time to posting as I'm kind of tied up with other things but I just wanted to pop in and say to all those who email me with their comments (and in some cases life stories) about the ebook - it is really appreciated and, apart from making pips (and yes, I still trade fozzy) it gives me the biggest kick.

Another reason for posting, Beachbum made a great post (http://www.forexfactory.com/showpost...0&postcount=21) and I think it would make a fine addition to the book so, pending his permission, I'd like to update the book with it as a further example for new traders.

p.s. As it looks like the trading systems sub-forum has gone, this thread might drop into the wilderness so I'll try to make a few posts per months to keep it up there.

Happy trading to all
Michael
  • #71
  • Sep 16, 2007 12:33pm Sep 16, 2007 12:33pm
Quoting the bhoy
I'm afraid I can't devote much time to posting as I'm kind of tied up with other things but I just wanted to pop in and say to all those who email me with their comments (and in some cases life stories) about the ebook - it is really appreciated and, apart from making pips (and yes, I still trade fozzy) it gives me the biggest kick.

Another reason for posting, Beachbum made a great post (http://www.forexfactory.com/showpost...0&postcount=21) and I think it would make a fine addition to the book so, pending his permission, I'd like to update the book with it as a further example for new traders.

p.s. As it looks like the trading systems sub-forum has gone, this thread might drop into the wilderness so I'll try to make a few posts per months to keep it up there.

Happy trading to all
Michael
Hello Michael.......

Thanks very much for the kind words! And yes, you have my permission to use that post.

I have created a "Table of Contents" in the Trading Systems Forum for Fozzy trading, so hopefully none of the threads will fade away but rather be available for anyone to study.

We'll look forward to hearing from you when you have the time!

Cheers...................
  • #72
  • Sep 17, 2007 9:28am Sep 17, 2007 9:28am
OK, thanks BB. I'll get on to it at the weekend and post up the new version. Should be great for a lot of people still unsure of how exactly to apply logical filters.
  • #73
  • Sep 23, 2007 4:40am Sep 23, 2007 4:40am
Sorry but will have to update the book probably next weekend as I'm snowed under here and I want to make sure it's a worthwhile addition as it's one thing I think the book is lacking - a sample chart with consecutive decisions.
  • #74
  • Oct 9, 2007 5:33am Oct 9, 2007 5:33am
Here is a small addendum to the ebook.

It's based on the Beachbum post mentioned above but altered slightly to fit the feel of the book.

I've also updated the first post of this thread with the a link to this post. If you enjoy the book, take a moment to post here to keep it for sinking down into the depths of dead threads
Attached File(s)
File Type: pdf addendum.pdf   152 KB | 2,707 downloads
  • #75
  • Oct 9, 2007 7:16am Oct 9, 2007 7:16am
Quoting the bhoy
Here is a small addendum to the ebook.

It's based on the Beachbum post mentioned above but altered slightly to fit the feel of the book.

I've also updated the first post of this thread with the a link to this post. If you enjoy the book, take a moment to post here to keep it for sinking down into the depths of dead threads
Michael..............

Nice addition to the e-book; I'm confident it will help others become successful Fozzy-style traders.

Thanks for crediting me!.........................
  • #76
  • Oct 16, 2007 7:47am Oct 16, 2007 7:47am
Quoting the bhoy
Here is a small addendum to the ebook.

It's based on the Beachbum post mentioned above but altered slightly to fit the feel of the book.

I've also updated the first post of this thread with the a link to this post. If you enjoy the book, take a moment to post here to keep it for sinking down into the depths of dead threads
Hey Bhoy, the addendum is great. Thanks a lot. Fozzy is halfway to paradise, while Fozzy + Price action is definitely the way to paradise.
We leave no soldier behind.
  • #77
  • Oct 22, 2007 12:26pm Oct 22, 2007 12:26pm
Gagiul,

You're very welcome my friend and thanks for the kind words.

"Paradise" is in fact Celtic Park in Glasgow but Fozzy trading is a good 2nd!

All the best with your trading.
  • #78
  • Oct 25, 2007 10:13pm Oct 25, 2007 10:13pm
Thnx for this thread & the e-book. I have had he original Fozzy method on my MT4. Just down-loaded this Fozzy e-book, but I have a couple ques.
1. What are the periods of the 2 MA's on the main chart (also, are they expon., simple?).
2. In the lower window, I can determine RSI(8) & ATR(20), but what is the MA w/ the RSI?

Thnx again-------------Sid
  • #79
  • Oct 26, 2007 8:12am Oct 26, 2007 8:12am
Quoting yendis70
Thnx for this thread & the e-book. I have had he original Fozzy method on my MT4. Just down-loaded this Fozzy e-book, but I have a couple ques.
1. What are the periods of the 2 MA's on the main chart (also, are they expon., simple?).
2. In the lower window, I can determine RSI(8) & ATR(20), but what is the MA w/ the RSI?

Thnx again-------------Sid
yendis70...........

Did you actually read the e-book? Your questions are answered in the introduction....................
  • #80
  • Oct 28, 2007 9:49pm Oct 28, 2007 9:49pm
Quoting the bhoy
"Paradise" is in fact Celtic Park in Glasgow but Fozzy trading is a good 2nd!
Glasgow yes, but the other side of town

seriously, great work on the pdf, I've passed it onto to someone who's just started getting into the trading game, I think it will be a very good start for him. you did a great job, noobs shouldn't have any problem following it.

and one final word: 3-nil
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