Would you continue posting your trades in 2007?
Mouteki Vs Fozzy 8 replies
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Daily Fozzy on all time frames???? 16 replies
The Fozzy EA 389 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
Quoting the bhoyDisliked. My rules prevent me from entering a trade late so sitting these out
Hope everyone has a profitable '07!Ignored
QuoteDislikedHello bhoy,
i wish u green pips always
will you please tell me how to use the ATR to determine exits (stops & targets) ?
thanks in advance
P.S.: my clue about ATR is the Average True Range , isn't it so ?
Quoting the bhoyDislikedLooked at the charts today for the first time this year, there were some juicy fozzy crosses on the majors yesterday which are all profitable. Of the crosses, eur/jpy and chf/jpy are doing well.
Hope you got in on them. My rules prevent me from entering a trade late so sitting these out....please post if you're in a trade with your reasons for taking it and your profit levels.
Hope everyone has a profitable '07!Ignored
03-Jan USDCHF BUY @1.2263 TP1 1.2320 TP2 1.2355 TOTAL 149
03-Jan GBPUSD SELL @1.9513 TP1 1.9431 TP2 1.9377 TOTAL 218Quoting willfDislikedDidn't place any trades over the Xmas period because of low volume but got off to a good start this week.
There were plenty of signals to short JPY crosses but I stayed out because of the major uptrend they have been in. As it happened they all would have made some nice pips.
Anyway, here's what I did go with this week :
03-Jan USDCHF BUY @1.2263 TP1 1.2320 TP2 1.2355 TOTAL 149
03-Jan GBPUSD SELL @1.9513 TP1 1.9431 TP2 1.9377 TOTAL 218
04-Jan EURUSD SELL @1.3083 TP1 1.3035 TP2 1.3009 TOTAL 122
04-Jan AUDUSD SELL @0.7840 TP1 0.7819 TP2 0.7840 TOTAL 21
04-Jan NZDUSD SELL @0.6983 TP1 0.6946 TP2 0.6867 TOTAL 153
TOTAL 663Ignored
Quoting osamasDislikedHello bhoy,
i wish u green pips always
will you please tell me how to use the ATR to determine exits (stops & targets) ?
thanks in advance
P.S.: my clue about ATR is the Average True Range , isn't it so ?Ignored
Quoting willfDisliked
03-Jan USDCHF BUY @1.2263 TP1 1.2320 TP2 1.2355 TOTAL 149
03-Jan GBPUSD SELL @1.9513 TP1 1.9431 TP2 1.9377 TOTAL 218
04-Jan EURUSD SELL @1.3083 TP1 1.3035 TP2 1.3009 TOTAL 122
04-Jan AUDUSD SELL @0.7840 TP1 0.7819 TP2 0.7840 TOTAL 21
04-Jan NZDUSD SELL @0.6983 TP1 0.6946 TP2 0.6867 TOTAL 153
TOTAL 663Ignored
Quoting coolshadesDislikedwill,
a coupla queries..
in these trades do you ignore the tunnel?
also are these trades pre rsi/above/below 50 refinement you have posted on the main thread?
thanksIgnored
Quoting willfDislikedBy ignore the tunnel I take it you mean enering trades that are on or approaching the tunnel?
Yes I do. On my backtest I made a note of all the trades that were near the tunnel. Some failed, some worked out ok. There wasn't any conclusive result that trades near the tunnel were any worse or better than anywhere else.
All my trades since backtesting have been using the RSI 50 level.
I started forward testing it from 28th Nov. So far the results have been good. I have used perhaps a little more discretion in the trades than the backtest. This has kept me out of some bad trades, but at times has lost me some good ones also.
Trades so far :
Trades taken = 50
Profit Trades = 46
Break Even = 1
Loss Trades = 3
Pips = 1594
Increase = 30.89%Ignored
Quoting coolshadesDislikedwhat do you think of these... these too are coming down the recent uptrends.. i mean the usdcad,eurcad,audcad...Ignored
Quoting willfDislikedHmm. From a mechanical trading point of view USDCAD is not under the 50 level so no trade. EURCAD & AUDCAD are so they should be traded.
From a discretionary point of view it would mean entering on a Sunday after the big moves the NFP made on Friday. I may well sit it out and have a look Moday.Ignored
Quoting poekmeisterDislikedHere is my GBPCAD trade that is currently in 160p/lot loss. I have been keeping a record of my trades last week and I have noticed that the S/L set on High/Low of the signal day in combination with fib TPs creates a rather low Reward-Risk ratio. This GBPCAD is a clear example...
Some ideas:
a) I have been tracking 70%ATR or nearest fib level as alternative stops which significantly increase the R-R ratio. Assuming that you risk 1% of equity per trade, you significantly increase the returns.
b) should we discard any trade with a R/R <1 ?
Anyone any thoughts?
PoekIgnored
Quoting coolshadesDislikedi am following the wilf fozzy and beach fozzy now actively, simply because of their simplicity.
no trades this week since none have matched both parameters.. ie: fozzy cross and rsi50 cross.
eurgbp is shaping to meet both conditions.. lets see.Ignored
Quoting poekmeisterDislikedYes, I am using willf fozzy as well and I think both trades followed the willf-rules. Except for the discretionary part of big-move day trades.Ignored