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DislikedLooks like EUR/CHF will have valid willf cross today for a possible long entry tomorrow. I would like opinions from others on this potential trade. I am a little hesitant due to price being at/near a long term high. Maybe if it can close today above the double top on the daily chart I would feel better about it.
Any thoughts??
BillIgnored
DislikedLooks like EUR/CHF will have valid willf cross today for a possible long entry tomorrow. I would like opinions from others on this potential trade. I am a little hesitant due to price being at/near a long term high. Maybe if it can close today above the double top on the daily chart I would feel better about it.
Any thoughts??
BillIgnored
DislikedSome time ago willf suggested using the RSI 50 value as a filter/indicator for the Fozzy method. I suggest you look back at this pair and apply that suggestion. What do you see? How would that affect your trade decision later today?
I have not had enough time to thoroughly examine willf's modification, but my first impression is that this is a good filter; for some pairs in particular.Ignored
DislikedHi BB
Yes, this fiter increases the win loss ratio considerably, please give it a test.Ignored
DislikedPretty stoked with my first week trading this system. Have currently closed out 458 pips in trades (684pips on winning trades, -226 on losing) with 216 still on the table (half of audjpy and audcad positions still open, 1st T/P already hit with SL now at BE). While I realise a week isn't an indication of how it's going to perform over time for me, it's certainly an encouraging start! Well done, this is a robust system that produces good results over an extended period of time.
In terms of positions over the w/end I was wondering are people holding on, tightening stops, closing out and reopening or just closing out altogether? No doubt a discretionary thing and no one probably has one rule but thought I would ask. I tighten up if appropriate and hold open on the weekends.
In terms of new trades I have valid willf Fozzy setups for both nzdusd and eurcad (both buys) which I will take. Anyone else taking these? I'm already in both of these.
Thanks again to Fozzy, accrete, Bbum, willf and everyone else who has made the Fozzy what it is. Your welcome, I think it's fantastic that so many of us can trade successfully with this method.......Ignored
DislikedThanks Beach for your feedback on w/end positions and your words of encouragement. I think the only thing that stands in the way of the system now is the trader!
Trend - the RSI finished above 50 after the cross on my chart but only just. It was 50.6. It has already hit my first T/P.Ignored
DislikedThanks Beach for your feedback on w/end positions and your words of encouragement. I think the only thing that stands in the way of the system now is the trader!
Trend - the RSI finished above 50 after the cross on my chart but only just. It was 50.6. It has already hit my first T/P.Ignored
Dislikedeurcad crossed rsi past my candle open so frankly i am not sure whether to take trade or not.
question here to willf, beach and everyone else.. do you take a trade if the willf set up is right, even if you have missed the candle open?
nzdusd was not a willf trade really.. rsi did cross 50 but this was 4th or 5th candle past the fozzy cross.. good luck in any case.Ignored
DislikedAhh... so it's the point of the cross, not necessarily where it was when it crossed...Ignored
DislikedPeople on the FF run around like cockroaches in search of a system that will work. This truly works and if you will study it and master it- you can do it.Ignored