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The Daily Fozzy Method

  • #2,641
  • Apr 10, 2008 8:51am Apr 10, 2008 8:51am
7/lwma--7sma


Quoting Aad
What ema's/sma's are you using on your chart?...
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  • #2,642
  • Apr 10, 2008 4:39pm Apr 10, 2008 4:39pm
Quoting ShadyChars
7/lwma--7sma
Thank you...
  • #2,643
  • May 29, 2008 1:19pm May 29, 2008 1:19pm
hey guys...please i want to ask a qustion..

what is the final setup for the fozzy system?

and whats the best pairs to work with??

and thank you all in advance
  • #2,644
  • Jun 15, 2008 3:54pm Jun 15, 2008 3:54pm
as BeachBum used to say, please read the thread before asking these questions. all the people who trade fozzy do this. you will learn it better by reading the thread than by just asking here what pairs to trade. that is to decide for yourself. for me, i trade yen pairs with fozzy. they seem to work best for me. final setup hasnt changed much from the beginning. we dont use BBs anymore.

Quoting mhmoudali
hey guys...please i want to ask a qustion..

what is the final setup for the fozzy system?

and whats the best pairs to work with??

and thank you all in advance
We leave no soldier behind.
  • #2,645
  • Jun 22, 2008 10:02am Jun 22, 2008 10:02am
My apologies for not posting here lately; non-Forex business interests have required my using my time differently. The time I used to spend at FF has been needed elsewhere.

A special thanks to those who have sent me a PM about trading: Cisco, gaguil, tdion, majorbillion. Sorry I haven't responded personally!

Yes, I still use my own personal version of the Daily Fozzy method; although I prefer using a 4 hour chart, but again my personal schedule has not allowed me to do much of this lately. Trading a Daily chart provides consistent profits as was originally explained by Fozzy himself. Price Action as taught by James 16 and the use of fibs as well as Support and Resistance levels has improved my trading. And after almost two years of using this method, I have developed a certain "feel" for how to best use this strategy. There is NO substitute for experience.

If you want to trade a daily time frame and have the patience to do so, the Fozzy method will serve you well in the long run.
  • #2,646
  • Jun 23, 2008 11:37pm Jun 23, 2008 11:37pm
Hey BB:
Great to have you back. I'm still lurking, still having trouble turning a profit with the Fozzy, I know it's me and not Fozzy. Still trying every combination under the sun, need to pick one and go from there. Thanks for all you have contributed in the past and continue to do.

Jim
  • #2,647
  • Jun 24, 2008 5:58pm Jun 24, 2008 5:58pm
Quoting BeachBum
My apologies for not posting here lately; non-Forex business interests have required my using my time differently. The time I used to spend at FF has been needed elsewhere.

A special thanks to those who have sent me a PM about trading: Cisco, gaguil, tdion, majorbillion. Sorry I haven't responded personally!

Yes, I still use my own personal version of the Daily Fozzy method; although I prefer using a 4 hour chart, but again my personal schedule has not allowed me to do much of this lately. Trading a Daily chart provides consistent profits as was originally explained by Fozzy himself. Price Action as taught by James 16 and the use of fibs as well as Support and Resistance levels has improved my trading. And after almost two years of using this method, I have developed a certain "feel" for how to best use this strategy. There is NO substitute for experience.

If you want to trade a daily time frame and have the patience to do so, the Fozzy method will serve you well in the long run.
Hey BB, this is critical when it comes to any and every strategy presented here. Its great when a trader can take what is given and make it his/her own! Love it!!
  • #2,648
  • Jun 24, 2008 8:30pm Jun 24, 2008 8:30pm
G'Day BB,

must be a change in the wind or something, I haven't had a look in here for a while but Baddisons post caught my eye (always worth a read for anyone new here) and there you are.

I really just read posts and try to avoid posting (to many cooks sort of thing), but my reason for posting is simply to concur with your thoughts.

After reading this post inside out (while ago now), and then the J16 thread, I have been combining the two and have to say...to coin a phrase...been having a pretty good fish. The Fozzy Cross, J16 PA + Fibs has lead to consistancy and importantly an easy state of mind where by I don't feel the need to have to "check the charts".

Thanks again for replying to my posts it was, and still is appreciated.

Regards

RBS

p.s waves down here have been insane, hope your still making time to get wet
  • #2,649
  • Jun 24, 2008 9:00pm Jun 24, 2008 9:00pm
Quoting BeachBum
My apologies for not posting here lately; non-Forex business interests have required my using my time differently. The time I used to spend at FF has been needed elsewhere.
Good to hear from you again. Best of luck with the 'non-Forex business interests'.
  • #2,650
  • Edited Jul 23, 2008 12:02pm Jul 22, 2008 12:28pm | Edited Jul 23, 2008 12:02pm
usdjpy
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  • #2,651
  • Jul 27, 2008 9:51am Jul 27, 2008 9:51am
Quoting zenocorp
usdjpy
zenocorp.......

I'm not sure why this calculation is a problem for you; the method for the USD/JPY is the same as the other pairs you reference. In your example, simply take the ATR of 1.0640, move the decimal two places to the right and multiply by 70%. The result is 0.7448. Your 70% ATR stop = 74 pips. HTH
  • #2,652
  • Jul 28, 2008 1:01pm Jul 28, 2008 1:01pm
Is there as active Fozzy trading room?
  • #2,653
  • Jul 28, 2008 3:42pm Jul 28, 2008 3:42pm
Quoting loophole
Is there as active Fozzy trading room?
I don't think there is.
  • #2,654
  • Aug 1, 2008 8:13am Aug 1, 2008 8:13am
Quoting BeachBum
zenocorp.......

I'm not sure why this calculation is a problem for you; the method for the USD/JPY is the same as the other pairs you reference. In your example, simply take the ATR of 1.0640, move the decimal two places to the right and multiply by 70%. The result is 0.7448. Your 70% ATR stop = 74 pips. HTH

thanks for the explanation. really appreciate. does any of you still use the ATR as the reference to place stop loss?
  • #2,655
  • Sep 10, 2008 9:55am Sep 10, 2008 9:55am
Quoting BeachBum
I don't think there is.
Hi beachbum...I hope this is stil an active thread?? looking for some help!!! I have downloaded the subject EA, put it in correct file, attached to charts, allowed DLL inputs, etc, but for 3 days now no orders reflected????
Regards

sfg7th
  • #2,656
  • Sep 10, 2008 10:04am Sep 10, 2008 10:04am
Sorry, I can't help you because I don't use the EA, just my version of the Daily Fozzy Method.


Quoting sfg7th
Hi beachbum...I hope this is stil an active thread?? looking for some help!!! I have downloaded the subject EA, put it in correct file, attached to charts, allowed DLL inputs, etc, but for 3 days now no orders reflected????
Regards

sfg7th
  • #2,657
  • Sep 10, 2008 11:17am Sep 10, 2008 11:17am
Quoting sfg7th
Hi beachbum...I hope this is stil an active thread?? looking for some help!!! I have downloaded the subject EA, put it in correct file, attached to charts, allowed DLL inputs, etc, but for 3 days now no orders reflected????
Regards

sfg7th
Did you get any error messages in the two log files? Do you have the smiling face up in the top right hand corner of the charts? Is your computer on at the start of a new day, 00:00 server time?
You can test to see if the EA is installed properly by running the EA on 1 hour charts. Just set Use_00_GMT=False . The EA will place trades more often and you can see if it is working. Then switch the option back to true to properly trade the daily system.

Most important, did you see trade signals in your manual trading? On this daily system a pair may not trade every week.
  • #2,658
  • Sep 12, 2008 4:39pm Sep 12, 2008 4:39pm
Hi All

Glad to see this thread is still going

Have been tied up for quite a while with new day job, Mrs and life in general but going to get back to trading again soon.

Good to see some old faces still here, sweet
  • #2,659
  • Sep 12, 2008 5:04pm Sep 12, 2008 5:04pm
good to see you back, will.
  • #2,660
  • Sep 12, 2008 5:14pm Sep 12, 2008 5:14pm
Quoting tdion
good to see you back, will.
Thanks Tdion. Good to see you're still about
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