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The Daily Fozzy Method

  • #1,681
  • Feb 19, 2007 1:00pm Feb 19, 2007 1:00pm
Quoting willf
Lol. Anyone feel sick and wanna get off

Been annoying. Just hang on in there. Backtests show that in the longterm we will come out on top.
This is where I wait for the previous high/low, after the cross on the Fozzy method, to be broken before I enter a trade. You may not get as many points when it does go in your favour, but it stops you getting into losing trades.

I think the breach of the previous high/low stands as a confirmation of the direction continuing and it not going into consolidation.
  • #1,682
  • Feb 20, 2007 12:17am Feb 20, 2007 12:17am
If the ATR(10) numerical value is 0.6050 (USD/JPY on 2/19), what is the S/L?
Thnx, Sid
  • #1,683
  • Feb 20, 2007 3:13am Feb 20, 2007 3:13am
Quoting yendis70
If the ATR(10) numerical value is 0.6050 (USD/JPY on 2/19), what is the S/L?
Thnx, Sid
61 pips
Regards
  • #1,684
  • Feb 20, 2007 3:57am Feb 20, 2007 3:57am
to make sure if I apply the Fozzy method correctly:
is anybody Long GBPUSD this morning ?

Thx Till
  • #1,685
  • Feb 20, 2007 5:13am Feb 20, 2007 5:13am
Quoting RemingtonTJ
to make sure if I apply the Fozzy method correctly:
is anybody Long GBPUSD this morning ?

Thx Till
No long signal; in fact there is a short signal showing which should be confirmed at today's close.
Regards
  • #1,686
  • Feb 20, 2007 7:47am Feb 20, 2007 7:47am
Quoting howard
No long signal; in fact there is a short signal showing which should be confirmed at today's close.
hi howard

could you post a chart with indicator ?
With my setting here, I got an upside cross RSI over MA below 50 and below the BollBand midline.

Thx Till
  • #1,687
  • Feb 20, 2007 11:08am Feb 20, 2007 11:08am
we have to wait a couple of hours but the loony aiganst the dollar looks promising for a "fozzy"-signal
still 5 hours untill the end of the day
the Yen and the chief against the dollar also look promising.....
just have to be patience....like always
the pound also.....lot off possible signals 2day
  • #1,688
  • Feb 20, 2007 6:06pm Feb 20, 2007 6:06pm
Been through the gargantuan introduction to Fozzy.

Many thanks to Fozzy et al for such kind generosity in disseminating their knowledge and techniques.

Started micro trading Fozzy for real now. Got to bite that bullet some day and it might as well be today.

SL, TP and Trailing Stop (TS) worked out directly from ATR.

My new candle forms at 2300GMT.

First Fozzy trade: EURGBP

Taken two batches of EURGBP Short at 0.6719.

Both batches have SL set to 0.6756.

First Batch TP at 0.6682.

Second Batch TS of 37.

Opinions gladly welcome.

Second Fozzy Trade: USDCAD
Not really a trade; but, rather, my reason for not trading Long.

I avoided this trade because the price is to close to the Vegas channel and trading Long would have me trading towards the direction of the Vegas channel.

Comments are always welcome.
Attached Image
  • #1,689
  • Feb 20, 2007 6:08pm Feb 20, 2007 6:08pm
Here's the USDCAD chart.
Attached Image
  • #1,690
  • Feb 21, 2007 12:51am Feb 21, 2007 12:51am
tush, i think quite a few of us have moved over to the willf fozzy.. in any case if i was trading the original fozzy i wld have taken the eurgbp and might have passed the usdcad too.. there is an argument for taking all trades . artamon in his journal is experimenting with that and richy's trades which he posts here occassionally seem to be so.

it might help if you discussed specific trades in the my daily fozzy trades journal started by bhoy. there is an unwritten agreement that we discuss system refinements here and trade discussions there, in order to not clutter this thread up..as you noticed its already eons long

Quoting Tush
Here's the USDCAD chart.
  • #1,691
  • Feb 21, 2007 9:35am Feb 21, 2007 9:35am
Quoting coolshades
tush, i think quite a few of us have moved over to the willf fozzy.. in any case if i was trading the original fozzy i wld have taken the eurgbp and might have passed the usdcad too.. there is an argument for taking all trades . artamon in his journal is experimenting with that and richy's trades which he posts here occassionally seem to be so.

it might help if you discussed specific trades in the my daily fozzy trades journal started by bhoy. there is an unwritten agreement that we discuss system refinements here and trade discussions there, in order to not clutter this thread up..as you noticed its already eons long
Cool...No Problemo.
  • #1,692
  • Feb 22, 2007 2:48am Feb 22, 2007 2:48am
Quoting coolshades
tush, i think quite a few of us have moved over to the willf fozzy.. in any case if i was trading the original fozzy i wld have taken the eurgbp and might have passed the usdcad too.. there is an argument for taking all trades . artamon in his journal is experimenting with that and richy's trades which he posts here occassionally seem to be so.

it might help if you discussed specific trades in the my daily fozzy trades journal started by bhoy. there is an unwritten agreement that we discuss system refinements here and trade discussions there, in order to not clutter this thread up..as you noticed its already eons long
willf fozzy?where is this thread?what is the rule for willf fozzy?
  • #1,693
  • Feb 22, 2007 3:50am Feb 22, 2007 3:50am
read this thread.


Quoting amenlo9
willf fozzy?where is this thread?what is the rule for willf fozzy?
  • #1,694
  • Feb 22, 2007 4:54am Feb 22, 2007 4:54am
Quoting amenlo9
willf fozzy?where is this thread?what is the rule for willf fozzy?
Just find one of willf's posts, click on his name and select "Find all posts by willf" and do a little, light reading....

J.
  • #1,695
  • Feb 22, 2007 1:53pm Feb 22, 2007 1:53pm
  •  Trader#0000
  • | Status: Unregistered Trader
I a not sure if this has been discussed before. I do see that the custom indic
T3 RSI 8 gives more or less the same results as Fozzie.

If you overlay Bollingers over it.

Just an interesting observation.
Attached Image
  • #1,696
  • Feb 22, 2007 2:04pm Feb 22, 2007 2:04pm
Quoting HelloDollie
I a not sure if this has been discussed before. I do see that the custom indic
T3 RSI 8 gives more or less the same results as Fozzie.

If you overlay Bollingers over it.

Just an interesting observation.
Haven't heard of that one but have noticed that the 'RSX Tripple Hull' gives a very similar pattern.

Also if you try moving averages 1 set to 2 LWMA and 1 set to 10 LWMA where the cross gives a very similar indicator.
Attached Image
  • #1,697
  • Feb 22, 2007 2:24pm Feb 22, 2007 2:24pm
  •  Trader#0000
  • | Status: Unregistered Trader
Willf

Thanks so much for posting. It sure looks like a great indic I am looking to find this hull indic of yours will do a search for it.

Your posting is much appreciated.
  • #1,698
  • Feb 22, 2007 2:29pm Feb 22, 2007 2:29pm
Quoting HelloDollie
Willf

Thanks so much for posting. It sure looks like a great indic I am looking to find this hull indic of yours will do a search for it.

Your posting is much appreciated.
Here ya go !
Attached File(s)
File Type: mq4 RSI_TripleHull.mq4   3 KB | 667 downloads
  • #1,699
  • Feb 22, 2007 2:35pm Feb 22, 2007 2:35pm
  •  Trader#0000
  • | Status: Unregistered Trader
Thank you so much !!

I was still looking around for it when I saw just now that you have helped me.

I appreciate your help and kindness very much.

For anyone interested ... here is RSI T3 ...I hope it will attach :-)
Attached File(s)
File Type: mq4 RSI_T3.mq4   2 KB | 563 downloads
  • #1,700
  • Feb 25, 2007 5:10pm Feb 25, 2007 5:10pm
Hi, I try to understand this method that obviously looks promising.
One question ; on the second example, after the rsi-cross, you buy on open.
But within the same bar , price drops below the previous' bar low so you would have been stopped out there? Attached Images
http://www.forexfactory.com/attachme...1&d=1158126671
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