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The Daily Fozzy Method

  • #1,841
  • Mar 21, 2007 7:18pm Mar 21, 2007 7:18pm
How can you make a decision based on that mess. You need to edit the indies to make them look like mine or whatever you like. I only use the pivots on smaller timeframes. I also plugged in the aoSignalall


Quoting Mina
thanks JokersWild but here's what it shows for eur/usd ??!!
Attached Image
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File Type: mq4 AO_FozzySignal_BT.mq4   3 KB | 673 downloads
T
  • #1,842
  • Mar 21, 2007 9:35pm Mar 21, 2007 9:35pm
Quoting BeachBum
Different brokers...............different candles.

One other note: I'm not "encouraging" anyone actually do this, but...............on Monday, after this pair moved down 100 pips, there was a very strong cross with the price heading toward the "Tunnel". Someone "might want to get a jump on the Fozzy signal and this trade. Just a thought........

BB,
the fozzy signal is short, but.....isn't it too close to the tunnel to take it?
  • #1,843
  • Mar 21, 2007 10:30pm Mar 21, 2007 10:30pm
This is just to make sure that i have not lost my fozzy-eyes after my time away. I have decided to trade the following pairs: US/CH, US/JP, EUR/CH, GB/US, EUR/US, AUD/US, US/CAD.

No signals were generated today ...right?

BB....don't send me back to post #1!!!! I have read`the whole thread more than four times now!!! Just checking my fozzy-eyes!!!!
  • #1,844
  • Mar 21, 2007 11:08pm Mar 21, 2007 11:08pm
Hey all,

Been following the thread. By far, the best system i've come across in a while, simple, and especially, don't have to be glued to the screen.

A few comments. Has anyone decided to create a blog-forum-website to post daily fozzy crosses? The thread on this forum that was dedicated to such an endeavour seems to have died.

Secondly, to answer Alcastro, I would tentatively trade short on Usd-Chf and Usd-Cad....RSI has crossed down below MA under the 50 line....but I would take profit in the 20-30 pip range.

Another question....what to do with AUD-USD, GBP-USD and EUR-USD? Their RSIs have crossed long ago...are they out of steam?...I use a rainbow of 4 MA (5,12,18,28), and it's still running up...just throwing the question out there...


Big thanks to everyone who has contributed to this thread.

Mark.
  • #1,845
  • Mar 22, 2007 12:03am Mar 22, 2007 12:03am
@alcastro, i only monitor eur/usd, gbp/usd, usd/yen and usd/chf. so far no new signal yet. might have to wait a few more day probably.

@babaganouj, yes rsi crossed had been a long2 time, better stay with it until it reverse, or if not comfortable, can take profit now. not sure if market is out of steam now, as these days market are driven by news.

personally, i might try to enter short e/u and g/u in the next few days, but not sure if i can catch the market top.
  • #1,846
  • Mar 22, 2007 7:03am Mar 22, 2007 7:03am
Quoting babaganouj
Hey all,

Been following the thread. By far, the best system i've come across in a while, simple, and especially, don't have to be glued to the screen.

A few comments. Has anyone decided to create a blog-forum-website to post daily fozzy crosses? The thread on this forum that was dedicated to such an endeavour seems to have died.

Secondly, to answer Alcastro, I would tentatively trade short on Usd-Chf and Usd-Cad....RSI has crossed down below MA under the 50 line....but I would take profit in the 20-30 pip range.

Another question....what to do with AUD-USD, GBP-USD and EUR-USD? Their RSIs have crossed long ago...are they out of steam?...I use a rainbow of 4 MA (5,12,18,28), and it's still running up...just throwing the question out there...


Big thanks to everyone who has contributed to this thread.

Mark.
Thanks Babaganouj,

I do not have a short signal yet in the Us/Ch (RSI has not crossed the MA). And I am afraid that the can has run out of steam after such big runs in the last 2 days. So I am skipping this one.
  • #1,847
  • Mar 22, 2007 9:06am Mar 22, 2007 9:06am
Al...............when I took this short, the price was 100 pips above the Tunnel, plenty of room for a cautious trade against the BIG trend. I traded two lots with t/p's of 50 and 100. I wish I had traded three lots because the third trade would have earned me another 150 pips. But....no complaints, this was a very nice Fozzy trade!

Quoting alcastro
BB,
the fozzy signal is short, but.....isn't it too close to the tunnel to take it?
  • #1,848
  • Mar 22, 2007 9:10am Mar 22, 2007 9:10am
RIGHT!

Quoting alcastro
No signals were generated today ...right?

BB....don't send me back to post #1!!!! I have read`the whole thread more than four times now!!! Just checking my fozzy-eyes!!!!

Would I do that?............
  • #1,849
  • Mar 22, 2007 10:36am Mar 22, 2007 10:36am
Thanks BB,

I feel like my fozzy-powers are coming back!!!!

  • #1,850
  • Mar 22, 2007 1:34pm Mar 22, 2007 1:34pm
After careful study of the photo next to your username, I would have to agree!

Quoting alcastro
Thanks BB,

I feel like my fozzy-powers are coming back!!!!

  • #1,851
  • Mar 22, 2007 2:04pm Mar 22, 2007 2:04pm
seems like the eurusd is crossing will have to wait for the candle to close
  • #1,852
  • Mar 22, 2007 2:19pm Mar 22, 2007 2:19pm
Quoting Mina
seems like the eurusd is crossing will have to wait for the candle to close
Is that not too much against the trend? It's also above the RSI 50-level for those who follow Willf's method...
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  • #1,853
  • Mar 22, 2007 2:31pm Mar 22, 2007 2:31pm
beach what is in the lowest indicator window? solar winds and..? and how do you use them if i may ask

Quoting BeachBum
Not willf.............just helping out!
  • #1,854
  • Mar 22, 2007 2:38pm Mar 22, 2007 2:38pm
libertao I'm no expert in fozzi but the idea is to sell when the rsi is hedding downwards and crosses 8ma in the upper bollinger zone or above 50
  • #1,855
  • Mar 22, 2007 2:52pm Mar 22, 2007 2:52pm
Quoting Mina
libertao I'm no expert in fozzi but the idea is to sell when the rsi is hedding downwards and crosses 8ma in the upper bollinger zone or above 50
It may very well be a classic Fozzy signal, I'm just referring to the general feeling that you should avoid trading against a strong trend (which this may not be, but it seemed that way to me) as well as Willf's modification (which I had the impression was fairly popular in this thread) as a sidenote. By all means though, I'm not saying you are right or wrong, just making an observation.
  • #1,856
  • Mar 22, 2007 3:07pm Mar 22, 2007 3:07pm
Hi cool..............

Yes, Solar Wind. I use this indicator for current trend direction and avoid trading "against" it. On the chart I posted you can see how it agreed with several Fozzy signals, nice confirmation. Without that confirmation, I will usually pass on a trade. I especially like when the slope is strong and it is about to cross or has just crossed the center line and changed color. But be careful with backtesting because it will "repaint". It took me a while to get a "feel" for how it performs with the Fozzy. Do some experimenting for yourself. Cheers!

Quoting coolshades
beach what is in the lowest indicator window? solar winds and..? and how do you use them if i may ask
  • #1,857
  • Mar 22, 2007 3:11pm Mar 22, 2007 3:11pm
thks and what abt the stochastics there?

Quoting BeachBum
Hi cool..............

Yes, Solar Wind. I use this indicator for current trend direction and avoid trading "against" it. On the chart I posted you can see how it agreed with several Fozzy signals, nice confirmation. Without that confirmation, I will usually pass on a trade. I especially like when the slope is strong and it is about to cross or has just crossed the center line and changed color. But be careful with backtesting because it will "repaint". It took me a while to get a "feel" for how it performs with the Fozzy. Do some experimenting for yourself. Cheers!
  • #1,858
  • Mar 22, 2007 3:12pm Mar 22, 2007 3:12pm
45 minutes and counting..............
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  • #1,859
  • Mar 22, 2007 3:13pm Mar 22, 2007 3:13pm
overbought...oversold...indicator

Quoting coolshades
thks and what abt the stochastics there?
  • #1,860
  • Mar 22, 2007 3:19pm Mar 22, 2007 3:19pm
I can hardly wait.....
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