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Attachments: My Daily Fozzy Trades
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My Daily Fozzy Trades

  • #61
  • Dec 28, 2006 1:20pm Dec 28, 2006 1:20pm
Would you continue posting your trades in 2007?
  • #62
  • Jan 3, 2007 6:53am Jan 3, 2007 6:53am
Quoting the bhoy
TP will be 100% ATR, which is above the tunnel.
Hello 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 ?
  • #63
  • Jan 4, 2007 3:18pm Jan 4, 2007 3:18pm
Looked 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!
  • #64
  • Jan 5, 2007 10:31am Jan 5, 2007 10:31am
Quoting the bhoy
. My rules prevent me from entering a trade late so sitting these out

Hope everyone has a profitable '07!
nice rule , happy trading in 007 for u too

i hope u got time to reply to my question ..

Quote
Hello 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 ?

all the best
  • #65
  • Jan 5, 2007 3:44pm Jan 5, 2007 3:44pm
Quoting the bhoy
Looked 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!
bhoy do you use metatrader to see your crosses you mention two pairs that are absent from mine
  • #66
  • Jan 5, 2007 5:11pm Jan 5, 2007 5:11pm
Didn'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 663
  • #67
  • Jan 6, 2007 3:02pm Jan 6, 2007 3:02pm
will,

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?

thanks


Quoting willf
Didn'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 663
  • #68
  • Jan 6, 2007 4:12pm Jan 6, 2007 4:12pm
Quoting osamas
Hello 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 ?
yes, ATR is average true range. just call it up in metatrader, put in the indicators window, set colour to "none" and you'll get the figure for ATR in the top left hand corner. I use ATR(20) - about one month of data.

Like I said, I use 100%ATR for my first target in most cases and 80%ATR for stops in most cases.

All the best
  • #69
  • Jan 6, 2007 4:14pm Jan 6, 2007 4:14pm
Quoting RNB80190610
bhoy do you use metatrader to see your crosses you mention two pairs that are absent from mine
I use metatrader with alpari demo. You should've got those crosses - eur/jpy & chf/jpy were on the 4th.
  • #70
  • Jan 6, 2007 4:18pm Jan 6, 2007 4:18pm
Quoting willf

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 663
Excellent work will, been following your comments on the main thread too. Please keep posting here with your reasons for taking trades.

Like you, I'm wary of shorting the yen at this point, gbp/jpy more so than usd/jpy. I'll be looking to get long again as soon as a cross occurs.

Michael
  • #71
  • Jan 6, 2007 4:23pm Jan 6, 2007 4:23pm
what do you think of these... these too are coming down the recent uptrends.. i mean the usdcad,eurcad,audcad...
  • #72
  • Jan 6, 2007 4:30pm Jan 6, 2007 4:30pm
Quoting coolshades
will,

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?

thanks
By 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 = 25
Profit Trades = 21
Break Even = 1
Loss Trades = 3
Pips = 1594
Increase = 30.89%
Attached Image
  • #73
  • Jan 6, 2007 4:35pm Jan 6, 2007 4:35pm
thks.. going by this, i suppose you will take the eurchf and usdcad shorts only when rsi goes below 50...

bhoy - sorry for taking your journal off on a tangent.

Quoting willf
By 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%
  • #74
  • Jan 6, 2007 4:56pm Jan 6, 2007 4:56pm
Quoting coolshades
what do you think of these... these too are coming down the recent uptrends.. i mean the usdcad,eurcad,audcad...
Hmm. 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.
  • #75
  • Jan 7, 2007 3:56pm Jan 7, 2007 3:56pm
TRADE 5

USD/CAD
Sell@ 1.1732
target: 1.1668 on 1st lot : 100%ATR(20), 2nd lot has trailing stop of 80%ATR(20)
s/l: 1.1783 : 80%ATR(20)

Taken 2 lots as it's coming off important vegas fib level, solar wind is nearing a cross, rsi is overbought. This is however going against a strong uptrend so will set to BE on both lots if I get the chance.

EUR/CAD is also showing a cross but I don't trade that pair.

http://picnac.com/images/6012Untitled%202.jpg

coolshades: no problems with going off on a tangent - this is great stuff.
willf: hope you can post some trades here.
  • #76
  • Jan 8, 2007 11:10am Jan 8, 2007 11:10am
Quoting willf
Hmm. 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.
Hi Willf, you seem to have nailed this one spot on! I took the EURCAD and am currently in for a los of 64 pips/lot. Similar with GBPCAD, loss of 159pip/lot. These 2 loss trades wipe out almost my entire pipprofit of last week....

You seem to talk from experience. Did you find any special tendencies with trades on big move-Fridays? e.g. never take a counter-trend trade as result of long counter-trend bar after News?

Poekmeister
EURCAD TRADE ATTACHED
Attached Image
  • #77
  • Jan 8, 2007 11:20am Jan 8, 2007 11:20am
Here 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?
Poek
Attached Image
  • #78
  • Jan 8, 2007 11:23am Jan 8, 2007 11:23am
i 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.


Quoting poekmeister
Here 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?
Poek
  • #79
  • Jan 8, 2007 11:30am Jan 8, 2007 11:30am
Quoting coolshades
i 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.
Yes, 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.
  • #80
  • Jan 8, 2007 11:41am Jan 8, 2007 11:41am
poek, dont follow the gbpcad.. the eurcad and the audcad i didnt take because of the uptrend they are in.. within the chart frame going back to oct those two didnt even dip near the tunnel to form a reasonable downtrend..

but i was lucky rather than wise

Quoting poekmeister
Yes, 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.
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