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My Daily Fozzy Trades

  • #141
  • Jan 16, 2007 12:29pm Jan 16, 2007 12:29pm
Quoting willf

There is a interest statement tonight for NZDUSD hopefully that will stir things up a bit
Oops, it's not for an interest statement it's CPI !
  • #142
  • Jan 16, 2007 3:34pm Jan 16, 2007 3:34pm
is anyone going to take the EURCHF short cross?
  • #143
  • Jan 16, 2007 3:38pm Jan 16, 2007 3:38pm
that's a tough call- looking over the charts I just don't see much downside potential and therefore I will pass even though it goes against the original Fozzy principals. Anxious to hear other opinions as the witching hour is near.
Trade what you see - Not what you think
  • #144
  • Jan 16, 2007 3:48pm Jan 16, 2007 3:48pm
no. i follow willf fozzy, so am not taking it. ris50 condition not met.

Quoting summitfx
that's a tough call- looking over the charts I just don't see much downside potential and therefore I will pass even though it goes against the original Fozzy principals. Anxious to hear other opinions as the witching hour is near.
  • #145
  • Jan 16, 2007 3:51pm Jan 16, 2007 3:51pm
this has formed suddenly. a willf cross didnt exist a few hours back. looks interesting. on a risk level of 1, it has been bouncing off the 3rd and 1st fib and price well below recent high..

anyone?
  • #146
  • Jan 16, 2007 3:54pm Jan 16, 2007 3:54pm
I'm going to add that to my daily fozzy chart. I assume that is a decent filter coolshades?

Quoting coolshades
no. i follow willf fozzy, so am not taking it. ris50 condition not met.
Trade what you see - Not what you think
  • #147
  • Jan 16, 2007 3:56pm Jan 16, 2007 3:56pm
see the main fozzy thread. will has spent considerable time testing this. i am a committed devotee



Quoting summitfx
I'm going to add that to my daily fozzy chart. I assume that is a decent filter coolshades?
  • #148
  • Jan 16, 2007 3:59pm Jan 16, 2007 3:59pm
[

i got sled from eurjpy when at be. i had two lots, one lot was at 20 pip + and got tped there, then in my 'wisdom' moved the second lot to be and got sled.

quote=willf;188510]Well a bit of a boring day so far.

My GBPUSD hit it's first TP yesterday and was moved to BE but was stopped out today.

CADJPY that was +102 is now only +70 but is at break even.

I took AUDUSD & NZDUSD last night but they just aren't moving anywhere. Both -18 at the moment.

Also took EURJPY but same story there. Just not moving. Currently +2

There is a interest statement tonight for NZDUSD hopefully that will stir things up a bit [/quote]
  • #149
  • Jan 16, 2007 4:23pm Jan 16, 2007 4:23pm
Quoting coolshades
this has formed suddenly. a willf cross didnt exist a few hours back. looks interesting. on a risk level of 1, it has been bouncing off the 3rd and 1st fib and price well below recent high..

anyone?
From my filter perspective:
= Willf cross
= strong uptrend, price has recently bounced of tunnel
= solarwind red, inclining almost crossing
= T3CCI(8) turned green and inclining

concern: weekly scale seems solarwind is declining, almost turning red, T3CCI is decling. i will pass this one because this may have limited upside potential and on the eve of trend change
  • #150
  • Jan 16, 2007 6:08pm Jan 16, 2007 6:08pm
The local currencies haven't been too kind to me this last hour. I've been stopped out on:

audusd - stopped @ 0.7823
nzdusd - stopped @ 0.6924
audnzd - stopped @ 1.1299

I used the tunnel for the S/L in each case. I wasn't quite as fortunate as poek and missed my second T/P on gbpusd, but what did go my way is that price missed my S/L by 2 pips as well so still hanging in there on that one!

Also still have open trades on audjpy and eurjpy.
  • #151
  • Jan 16, 2007 6:15pm Jan 16, 2007 6:15pm
That's a lot of filters Poek~ Are you missing good trades? I've taken the Fozzy down to a 30 minute chart and with some discretion getting decent signals to follow.

Quoting poekmeister
From my filter perspective:
= Willf cross
= strong uptrend, price has recently bounced of tunnel
= solarwind red, inclining almost crossing
= T3CCI(8) turned green and inclining

concern: weekly scale seems solarwind is declining, almost turning red, T3CCI is decling. i will pass this one because this may have limited upside potential and on the eve of trend change
Trade what you see - Not what you think
  • #152
  • Jan 16, 2007 6:16pm Jan 16, 2007 6:16pm
that's a bummer man- what is your method? No fozzies on those pairs


Quoting fresian
The local currencies haven't been too kind to me this last hour. I've been stopped out on:

audusd - stopped @ 0.7823
nzdusd - stopped @ 0.6924
audnzd - stopped @ 1.1299

I used the tunnel for the S/L in each case. I wasn't quite as fortunate as poek and missed my second T/P on gbpusd, but what did go my way is that price missed my S/L by 2 pips as well so still hanging in there on that one!

Also still have open trades on audjpy and eurjpy.
Trade what you see - Not what you think
  • #153
  • Jan 16, 2007 6:32pm Jan 16, 2007 6:32pm
Quoting fresian
The local currencies haven't been too kind to me this last hour. I've been stopped out on:

audusd - stopped @ 0.7823
nzdusd - stopped @ 0.6924
audnzd - stopped @ 1.1299

I used the tunnel for the S/L in each case. I wasn't quite as fortunate as poek and missed my second T/P on gbpusd, but what did go my way is that price missed my S/L by 2 pips as well so still hanging in there on that one!

Also still have open trades on audjpy and eurjpy.
Using the tunnel as S/L for Aussie was a little too tight IMO. I used the ATR for S/L and I'm currently down 15 pips but still in the trade.

I also reversed my position on NZDUSD when I got stopped out. Did anyone else do this?
  • #154
  • Jan 16, 2007 6:39pm Jan 16, 2007 6:39pm
The only new trade I have taken today is the audcad:

Price - 0.9203
S/L - 0.9117
TP1 and 2 - 0.9242 and 0.9340

There are new valid setups on my charts for audnzd (buy) and nzdusd (sell) but am happy to let them pass after just getting whipsawed out of them.

For me to sell the eurchf would be against trend and back into the tunnel, plus the RSI cross is still above 50 so will give that one a miss as well.

Now let's see how we go...
  • #155
  • Jan 16, 2007 6:41pm Jan 16, 2007 6:41pm
The AC looks like a stinker for a long using basic candlestick observations. you might do better with a box type trade if anything

Quoting fresian
The only new trade I have taken today is the audcad:

Price - 0.9203
S/L - 0.9117
TP1 and 2 - 0.9242 and 0.9340

There are new valid setups on my charts for audnzd (buy) and nzdusd (sell) but am happy to let them pass after just getting whipsawed out of them.

For me to sell the eurchf would be against trend and back into the tunnel, plus the RSI cross is still above 50 so will give that one a miss as well.

Now let's see how we go...
Trade what you see - Not what you think
  • #156
  • Jan 16, 2007 6:55pm Jan 16, 2007 6:55pm
Well my NZDUSD got stopped out. 2x57 = -114. First loss for 5 weeks

I didn't re-enter the NZDUSD because there is support not too far below at 0.6841 and the pair is in a major uptrend anyway. May re-enter long tomorrow if it goes that way.

My CADJPY is now +82.

EURJPY is still not moving much. But has moved a little and I have 2x32 = +64.

AUDUSD still not doing much either.

Only signal was on AUDCAD but not taken because strong resistance at 0.9230. This pair has been stuck in a range for the past few days.
  • #157
  • Jan 16, 2007 7:14pm Jan 16, 2007 7:14pm
summitfx - i had valid fozzy crosses on all three of those pairs. i am using willf's variation of fozzy, but even if i was using raw fozzy with the BB's i still show entries. i've attached the nzdusd example just to make sure i've not missed anything.

lamund - i agree that stop was probably a little tight, but with price being as choppy as it has been i was ok with it for this trade. i am still playing around with SL's so hopefully in time this area will improve.
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  • #158
  • Jan 16, 2007 7:31pm Jan 16, 2007 7:31pm
I see it from last week. It was good for 75 pips it appears. don't you move your stop loss up after 40 pips or so.
Trade what you see - Not what you think
  • #159
  • Jan 16, 2007 7:32pm Jan 16, 2007 7:32pm
My Fat chart- did you take a short from yesterday? lower BB should have stopped you. those bugers have been hugging this week
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Trade what you see - Not what you think
  • #160
  • Jan 16, 2007 7:35pm Jan 16, 2007 7:35pm
Check this out~
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Trade what you see - Not what you think
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