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Attachments: My Daily Fozzy Trades
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My Daily Fozzy Trades

  • #221
  • Jan 22, 2007 4:15am Jan 22, 2007 4:15am
When I did this for the GBP/USD for 2006, it was a real "eye-opener"!

Quoting jtrade
Great post, BB. What this tells us is the MAE (Maximum Adverse Excursion) of our winning trades, which is about the most useful thing to know when setting stops....
  • #222
  • Jan 22, 2007 2:06pm Jan 22, 2007 2:06pm
After a couple of quiet days, we now start to see some action again.

Tonight I took the USDCAD trade:
= RSI cross, >50
= uptrend
= Solarwind green

concern: trade is near recent Resistance, though candle is large suggesting new momentum.

Poek
  • #223
  • Jan 22, 2007 2:27pm Jan 22, 2007 2:27pm
I saw the cross also, but did not trade as there's a lot of news due out on CAD Tuesday, so it may get a bit wild. Check the calendar for details.

All the best,

Michael

Quoting poekmeister
After a couple of quiet days, we now start to see some action again.

Tonight I took the USDCAD trade:
= RSI cross, >50
= uptrend
= Solarwind green

concern: trade is near recent Resistance, though candle is large suggesting new momentum.

Poek
Michael fxgorilla
  • #224
  • Jan 22, 2007 2:40pm Jan 22, 2007 2:40pm
Quoting poekmeister
After a couple of quiet days, we now start to see some action again.

Tonight I took the USDCAD trade:
= RSI cross, >50
= uptrend
= Solarwind green

concern: trade is near recent Resistance, though candle is large suggesting new momentum.

Poek
Didn't take this myself because it's never been past the 3rd fib since May 05.

Did however take the EURCAD. Fxgorilla is right though, there is a lot of CAD news due tomorrow. Hopefully it will be in our favour.
Attached Image
  • #225
  • Jan 22, 2007 9:39pm Jan 22, 2007 9:39pm
I took the eurcad trade also. Looking back, I noticed the actual initial cross of the 8 ema appears to have occurred on January 16th. The most recent move seems to be a bounce off of the 8 ema before a crossing the 50 line. Do you treat the bounce as a cross when applying Fozzy rules, or is this a discretionary version of the trade?
Attached Image
  • #226
  • Edited 11:20pm Jan 22, 2007 10:53pm | Edited 11:20pm
dennis, you beat me to this. i was under the impression that the willf fozzy wld allow a trade only within 3 candles (rsi > 50) of the fozzy cross.

i took the eurcad on friday and closed yesterday at 96 pips, so this is really an academic question.

anyone taken the audnzd?

Quoting dennis_250
I took the eurcad trade also. Looking back, I noticed the actual initial cross of the 8 ema appears to have occurred on January 16th. The most recent move seems to be a bounce off of the 8 ema before a crossing the 50 line. Do you treat the bounce as a cross when applying Fozzy rules, or is this a discretionary version of the trade?
  • #227
  • Jan 22, 2007 10:58pm Jan 22, 2007 10:58pm
I took the AUDNZD but now I am regretting it a bit because I just noticed the heavy whipsawing on that pair lately.
  • #228
  • Jan 23, 2007 5:36am Jan 23, 2007 5:36am
I wanted to thank "summitfx" by means of private message for his kind words expressed in his pm to me and his post here addressed to me in person (now removed), unfortunately his private message facility was disabled, therefore I hereby take this opportunity to express my thanks to him.

I note that his removed post has been replaced by a quote of his ratified by BB (#200).

However a word of advice, every person follows various trading strategies: I personally have my largest fx positions in carry trades lasting several months and years benefiting from the interest earned (hedged by futures), on the other hand I put on swings based on dailies such as fozzy etc and use other methods for day trades; that is why we search and read numerous threads to find something new, and we do find it.

This does not mean that we are COCKROACHES.
Regards
  • #229
  • Jan 23, 2007 11:43am Jan 23, 2007 11:43am
I will miss Summitfx if only for his excellent posts here on Fozzy threads and helpful sharing of his personally modified indicators. He called a spade a spade sometimes and has been sent on. I think in the long run we are the poorer for it. I guess these things happen. Don't really know what all the hubub was about.
Don Life is expensive, but includes a free trip around the sun.
  • #230
  • Jan 23, 2007 11:45am Jan 23, 2007 11:45am
Quoting traderone
I will miss Summitfx if only for his excellent posts here on Fozzy threads and helpful sharing of his personally modified indicators. He called a spade a spade sometimes and has been sent on. I think in the long run we are the poorer for it. I guess these things happen. Don't really know what all the hubub was about.
It's not what you say, but rather, how you say it.

Getting your way is all about the delivery.
Mr. Trend
  • #231
  • Jan 23, 2007 11:47am Jan 23, 2007 11:47am
Quoting traderone
I will miss Summitfx if only for his excellent posts here on Fozzy threads and helpful sharing of his personally modified indicators. He called a spade a spade sometimes and has been sent on. I think in the long run we are the poorer for it. I guess these things happen. Don't really know what all the hubub was about.
What happened? What did I miss?
  • #232
  • Jan 23, 2007 12:05pm Jan 23, 2007 12:05pm
USDCHF looks like a good trade for today. What do you guys think about EURUSD? The real cross was more than 4 days ago, but the RSI moved close enough to be considered a bounce.

And willf - I think summitfx got banned because of his denouncing of OrangeRoshan and his SRDC system.
  • #233
  • Jan 23, 2007 1:03pm Jan 23, 2007 1:03pm
Quoting Lamdun
USDCHF looks like a good trade for today. What do you guys think about EURUSD? The real cross was more than 4 days ago, but the RSI moved close enough to be considered a bounce.

And willf - I think summitfx got banned because of his denouncing of OrangeRoshan and his SRDC system.
USDCHF is not under the RSI 50 level as yet but I have an hour left until my brokers new candle.

EURUSD is not valid either as you say. Too many days between the cross.
  • #234
  • Jan 23, 2007 1:07pm Jan 23, 2007 1:07pm
guess i will pass both. usdchf fozzy cross happened on 17th.. thats 4-5 candles back. not to my liking. also rsi yet to cross 50.

same with eurusd. i think as long as the cable trends strongly, we will have fewer weekly trades. am i dreaming,or did the cable come to 85 pips of being 2 today?

my audnzd was a loss. my first loss in 3 weeks.

Quoting Lamdun
USDCHF looks like a good trade for today. What do you guys think about EURUSD? The real cross was more than 4 days ago, but the RSI moved close enough to be considered a bounce.

And willf - I think summitfx got banned because of his denouncing of OrangeRoshan and his SRDC system.
  • #235
  • Jan 23, 2007 1:44pm Jan 23, 2007 1:44pm
no trades for me today. Still hanging in my USDCAD of yesterday, currently looking at -20pips/lot (2 lots).

Let's see for tomorrow morning. If not better, I will tighten my stops.

Poek
  • #236
  • Jan 23, 2007 5:55pm Jan 23, 2007 5:55pm
No new trades for me either today. I am also still in the usdcad as well as the nzdaud.
  • #237
  • Jan 24, 2007 9:34am Jan 24, 2007 9:34am
seems to be the only promising trade.. all the rest seem to be against trend.. anyway a few more hours to close of candle.
  • #238
  • Jan 24, 2007 10:02am Jan 24, 2007 10:02am
Wilf nd BB, are you guys trading on modays too then? or following fozzy rule not to trade on modays. If so do you use sundays open candle. Many Thanks.
  • #239
  • Jan 24, 2007 10:10am Jan 24, 2007 10:10am
Is anyone taking the AUDUSD, EURAUD, and CHFJPY crosses?
  • #240
  • Jan 24, 2007 10:28am Jan 24, 2007 10:28am
Quoting Ribsy
Wilf nd BB, are you guys trading on modays too then? or following fozzy rule not to trade on modays. If so do you use sundays open candle. Many Thanks.
Yes I trade Sunday/Monday. My broker re-opens on Sunday at 11.00PM GMT so I get a full candle to trade.

I think some other broker have a part candle for the few hours they are open.
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