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Attachments: My Daily Fozzy Trades
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My Daily Fozzy Trades

  • #161
  • Jan 16, 2007 7:41pm Jan 16, 2007 7:41pm
Much clearer chart than mine summitfx, I need to clean my screen next time I take a shot.
The way I see it (and please correct me if I'm wrong) is that there was a LONG cross between the 12th and 15th and therfore I entered a buy on the open of the 16th, which is when price fell away, hence I was stopped out.

There is now a short entry but I have sat it out.
  • #162
  • Jan 16, 2007 7:50pm Jan 16, 2007 7:50pm
It looks to me that the long trade should have been made at the open on friday, if you care to hold over the weekend and risk gaps. then it appears you could have made some pips with money managment. Otherwise, I like to see more of an angle in my fozzy selections. When they are hugging like now, best to stay away till they part- my take on it.

Quoting fresian
Much clearer chart than mine summitfx, I need to clean my screen next time I take a shot.
The way I see it (and please correct me if I'm wrong) is that there was a LONG cross between the 12th and 15th and therfore I entered a buy on the open of the 16th, which is when price fell away, hence I was stopped out.

There is now a short entry but I have sat it out.
Trade what you see - Not what you think
  • #163
  • Jan 16, 2007 7:51pm Jan 16, 2007 7:51pm
you know mate- you might do well to read up on candlestick formations
Trade what you see - Not what you think
  • #164
  • Jan 16, 2007 8:11pm Jan 16, 2007 8:11pm
It's obvious our charts are different but there was no cross at the close of Friday on my chart, it wasn't until the close of Monday the cross occurred. I only entered on the Tuesday.

Thanks for the tip on the angles, I will keep on eye on that as I make more Fozzy trades.

Nice going willf, your win/loss ratio must be up there.
  • #165
  • Jan 16, 2007 8:27pm Jan 16, 2007 8:27pm
Quoting fresian
Nice going willf, your win/loss ratio must be up there.
81.97%
Attached Image
  • #166
  • Jan 16, 2007 8:32pm Jan 16, 2007 8:32pm
Great trading Willf

Rarely does anyone ever achieve 82% success rate. All Fozzy trades?


Quoting willf
81.97%
Trade what you see - Not what you think
  • #167
  • Jan 16, 2007 8:39pm Jan 16, 2007 8:39pm
Quoting summitfx
Great trading Willf

Rarely does anyone ever achieve 82% success rate. All Fozzy trades?
All Fozzy trades. Using the RSI 50 level.

Exits have sometimes been a bit more discretional. If I think a trade has exhausted itself or is nearing resistance etc I will close it down earlier.

But yes, all positions taken were off Fozzy signals.
  • #168
  • Jan 16, 2007 8:55pm Jan 16, 2007 8:55pm
That's excellent willf, thanks for sharing. Just as impressive as the win/loss ratio is your max drawdown, keep up the great work.
  • #169
  • Jan 17, 2007 12:22am Jan 17, 2007 12:22am
Your AC trade is moving up nicely. Fozzy strikes again.



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
  • #170
  • Jan 17, 2007 12:26am Jan 17, 2007 12:26am
I use the fozzy indicator on 30 minute charts as well. here is the UJ tonight. Perfect setup~
Attached Image
Trade what you see - Not what you think
  • #171
  • Jan 17, 2007 2:10am Jan 17, 2007 2:10am
will, you are still using previous day h/l for sl arent you?

at what stage do you move your sl to be? and how do you trail them?


thks

Quoting willf
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.
  • #172
  • Jan 17, 2007 2:15am Jan 17, 2007 2:15am
the more i trade, the less indicators i see.. thats why i am with willf fozzy.

i would lay a reasonable bet that increasing the no.of filters doesnt increases success rates..

the most successful indicator is discipline, and that doesnt come on a chart. and this from probably the most indisciplined trader around


Quoting summitfx
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.
  • #173
  • Jan 17, 2007 2:18am Jan 17, 2007 2:18am
thats an interesting chart?is it of NF?

whats on the x-axis? weeks?months?

Quoting willf
81.97%
  • #174
  • Jan 17, 2007 12:04pm Jan 17, 2007 12:04pm
Quoting coolshades
will, you are still using previous day h/l for sl arent you?

at what stage do you move your sl to be? and how do you trail them?


thks
Yes. Stop is based on previous days high/low. I only move my stop to BE when the first TP is hit. I don't use a trailing stop. Just a take profit point based on Vegas daily fibs.


Quoting coolshades
thats an interesting chart?is it of NF?

whats on the x-axis? weeks?months?
It's the number of trades. Yes, NF.
  • #175
  • Jan 17, 2007 12:27pm Jan 17, 2007 12:27pm
as well it looks like. there is a long willf cross on the audnzd, but thats against the trend so i am sitting that out. i sat the audcad out too yesterday. had some doubts, about it. and when in doubt, dont trade.
  • #176
  • Jan 17, 2007 1:20pm Jan 17, 2007 1:20pm
Could one of you guys point me to where I can read the Willf variation of the Fozzy. Seems that he handles RSI a little differently but I haven't been able to find it here yet. Thanks for any direction.
Don Life is expensive, but includes a free trip around the sun.
  • #177
  • Jan 17, 2007 1:25pm Jan 17, 2007 1:25pm
How do people here deal with weekends? Do you guys close your positions on Friday or hold it?
  • #178
  • Jan 17, 2007 1:34pm Jan 17, 2007 1:34pm
Quoting coolshades
as well it looks like. there is a long willf cross on the audnzd, but thats against the trend so i am sitting that out. i sat the audcad out too yesterday. had some doubts, about it. and when in doubt, dont trade.
same here, no trades!

What is your view on open EURJPY trade. I have 2 lots open in +25pips but doesn't want to move any further?
Poek
  • #179
  • Jan 17, 2007 1:44pm Jan 17, 2007 1:44pm
LOOK: HERE and HERE


Quoting traderone
Could one of you guys point me to where I can read the Willf variation of the Fozzy. Seems that he handles RSI a little differently but I haven't been able to find it here yet. Thanks for any direction.
  • #180
  • Jan 17, 2007 2:09pm Jan 17, 2007 2:09pm
Quoting poekmeister
same here, no trades!

What is your view on open EURJPY trade. I have 2 lots open in +25pips but doesn't want to move any further?
Poek
Same here. Probably waiting for the JPY interest statement tomorrow.
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