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Interested in becoming a Fozzy-style trader?

  • #21
  • Oct 23, 2008 11:21am Oct 23, 2008 11:21am
Thanks BeachBum, in your expirence of being trading both 4H and daily FOZZY, which of them you think is being more profitable?

Thank you and I'll take a look at 4H FOZZY too....

Take care....
  • #22
  • Oct 23, 2008 12:40pm Oct 23, 2008 12:40pm
Quoting trujillo1980
Thanks BeachBum, in your expirence of being trading both 4H and daily FOZZY, which of them you think is being more profitable?

Thank you and I'll take a look at 4H FOZZY too....

Take care....
So I am not the only one still interested in Fozzy. Good to read. And I also would like to know of any indication regarding 4hr compared to D1 version.

Regards to all and especially thanks to Fozzy and BB

Forex37
  • #23
  • Oct 23, 2008 1:39pm Oct 23, 2008 1:39pm
Hi ya BB, long time no speak.
Thought you might have retired from trading with all the money you've made.
Nice to see Fozzy still going strong after all this time.
Interesting point you raise about broker server time.
My own trading is now based on NY time (GMT-5)
After much back testing I have found this to be the best. Still relying on the fibs, just 2 levels now. PA is limited also to just 2 candle setups. No fib level, no setup = no trade. Maybe I should start my own thread to share with the rest of the FF community. Who knows maybe it will take off like fozzy did.
Speak soon.
Those that can, do, those that can't, teach.
  • #24
  • Oct 23, 2008 6:12pm Oct 23, 2008 6:12pm
Quoting pf1966
Hi ya BB, long time no speak.
Thought you might have retired from trading with all the money you've made.
Nice to see Fozzy still going strong after all this time.
Interesting point you raise about broker server time.
My own trading is now based on NY time (GMT-5)
After much back testing I have found this to be the best. Still relying on the fibs, just 2 levels now. PA is limited also to just 2 candle setups. No fib level, no setup = no trade. Maybe I should start my own thread to share with the rest of the FF community. Who knows maybe it will take off like fozzy did.
Speak soon.

It would be nice if you can share your method with us.
  • #25
  • Oct 23, 2008 6:14pm Oct 23, 2008 6:14pm
Quoting BeachBum
Hello trujillo.....

As stated previously by me; I prefer 4 hour Fozzy trading and there is a thread devoted to that (the method has not changed; I suggest you read that thread too!).

On a Daily chart, I prefer a S/L equal to ATR. T/P is the same value. However, I watch the price action and will adjust either value if I believe the PA suggests doing that would be prudent. That could include tightening the S/L and/or taking early profit. These decisions must be made based on several factors that are personal: M/M, R/R, style, comfort level, goal(s), etc. These things can't really be taught; they are learned (acquired) through experience, which takes time mixed with patience and courage. HTH!

I like FOZZY by its simplicity...I don't like to have all my screen full of indicator and things like that.

Do you use any tralling stop?
  • #26
  • Oct 24, 2008 12:09pm Oct 24, 2008 12:09pm
I think you should......I have always enjoyed and benefited from your observations and comments; others would too!

Quoting pf1966
Hi ya BB, long time no speak.
Maybe I should start my own thread to share with the rest of the FF community. Who knows maybe it will take off like fozzy did.
Speak soon.
  • #27
  • Oct 24, 2008 12:10pm Oct 24, 2008 12:10pm
Quoting trujillo1980
Do you use any tralling stop?
Sometimes.......................
  • #28
  • Oct 27, 2008 7:05am Oct 27, 2008 7:05am
Hi, I recently started reading FOZZY method, but now Im wondering, Where FOZZY is? because I see the last post he made was written one and a half year a go.

Somebody know where FOZZY is???

Take care to all...
  • #29
  • Oct 27, 2008 7:30am Oct 27, 2008 7:30am
Quoting trujillo1980
Hi, I recently started reading FOZZY method, but now Im wondering, Where FOZZY is? because I see the last post he made was written one and a half year a go.

Somebody know where FOZZY is???

Take care to all...
Fozzy left the building a long time ago,apparently he is busy trading.

All the way we have been following BB in this thread
Regards
  • #30
  • Oct 27, 2008 8:26am Oct 27, 2008 8:26am
I'm guessing that Fozzy is at home quietly trading his original, basic method and modestly banking pips.

As for me: I used his strategy as the basis for building my own personalized version of a Dynamic RSI trading system. Lots of time, experimenting and testing to arrive at just the right combination for "my style" of trading.

Quoting howard
Fozzy left the building a long time ago,apparently he is busy trading.

All the way we have been following BB in this thread
  • #31
  • Edited 9:53am Oct 27, 2008 9:41am | Edited 9:53am
For the benifit of BB and Truijillo here is a trade I took on EUR/CHF and one I am watching on EUR/GBP.
The 1st is a false breakout on the daily and the accompanying 4H.
The 2nd is a pin bar of monumental proportions and the 4H to go with it.
I thought I would show these 2 as they are recent and ongoing. I could easily have cherry picked some from the last few weeks. The set ups have been textbook. At this stage I do not want to clutter up this thread with my own trading style and all the details. What I will say is that while Fozzy in its various forms has indeed proved profitable I have reverted back to type. When I started following Fozzy way back it was a mechanism for entry based on a compliment of my fib studies. After much testing etc etc I concluded that while good, it did not suit my style. Too much interpretation for my liking. Now,there is no discretion, just clean simple entry and exit. Enough rambling. Hope to share the full method in the future.

Anthony
Attached Image(s) (click to enlarge)
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Those that can, do, those that can't, teach.
  • #32
  • Oct 27, 2008 10:48am Oct 27, 2008 10:48am
PBs and fibs..................very nice !!!

Quoting pf1966
For the benifit of BB and Truijillo here is a trade I took on EUR/CHF and one I am watching on EUR/GBP.
The 1st is a false breakout on the daily and the accompanying 4H.
The 2nd is a pin bar of monumental proportions and the 4H to go with it.
I thought I would show these 2 as they are recent and ongoing. I could easily have cherry picked some from the last few weeks. The set ups have been textbook. At this stage I do not want to clutter up this thread with my own trading style and all the details. What I will say is that while Fozzy in its various forms has indeed proved profitable I have reverted back to type. When I started following Fozzy way back it was a mechanism for entry based on a compliment of my fib studies. After much testing etc etc I concluded that while good, it did not suit my style. Too much interpretation for my liking. Now,there is no discretion, just clean simple entry and exit. Enough rambling. Hope to share the full method in the future.

Anthony
  • #33
  • Oct 27, 2008 10:40pm Oct 27, 2008 10:40pm
A Price Action trader is what I want to be in the future ...
I love simplicity...
  • #34
  • Oct 29, 2008 11:23am Oct 29, 2008 11:23am
PB's and fibs on the eur/chf 4h again. So predictable. Lets see how deep the rabbit hole goes this time.
Those that can, do, those that can't, teach.
  • #35
  • Oct 29, 2008 11:27am Oct 29, 2008 11:27am
Perhaps a chart?

Quoting pf1966
PB's and fibs on the eur/chf 4h again. So predictable. Lets see how deep the rabbit hole goes this time.
  • #36
  • Oct 29, 2008 12:06pm Oct 29, 2008 12:06pm
Quoting BeachBum
Perhaps a chart?
As requested.
Attached Image (click to enlarge)
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Those that can, do, those that can't, teach.
  • #37
  • Oct 29, 2008 12:41pm Oct 29, 2008 12:41pm
Very interesting pf1966, what time is based your broker? Looks like my bars and yours didn't close at the same time (mine opens at 8:00 PM EST).

Thank you...

Edit: BTW. what is your Pin Bar's criteria? (how it may look in irder to consider it as a PB??)
Attached Image (click to enlarge)
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  • #38
  • Oct 29, 2008 2:07pm Oct 29, 2008 2:07pm
Quoting trujillo1980
Very interesting pf1966, what time is based your broker? Looks like my bars and yours didn't close at the same time (mine opens at 8:00 PM EST).

Thank you...

Edit: BTW. what is your Pin Bar's criteria? (how it may look in irder to consider it as a PB??)
I use FXDD. It is one of the few brokers that has a server set to NY time. The new daily candles start at 5.00pm NY time ie. the official wall street close. The 4H starts are 1.00am, 5.00am, 9.00am, 1.00pm, 5.00pm and 9.00pm. I truely believe it is critical to have this time setup. I have back tested my trade setups against other broker times and the results just do not match up.
Pin bars, christ, I could right pages about them. Here's a summary. Too many traders look for pins that meet the classis criteria. I do not. To best explain I have some highlighted on the charts. I consider these all PB's. I always sell a PB on its close if it's in the direction of an established trend, or at a fib level. Don't always look for them at swing highs. I also leave a sell order at 50% of the pin in the event that there is a retrace. One final thought. Not all PB's are winners. There is of course much more, but I hope this is enough to be getting on with.

Anthony.
Attached Image(s) (click to enlarge)
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Those that can, do, those that can't, teach.
  • #39
  • Oct 29, 2008 4:21pm Oct 29, 2008 4:21pm
Quoting pf1966
As requested.
Thank you.......................
  • #40
  • Oct 30, 2008 4:17am Oct 30, 2008 4:17am
Break even this time. Absolutely no follow through. Oh well. Back to watching again. There'll be another along soon.

Anthony.
Those that can, do, those that can't, teach.
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