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The Daily Fozzy Method

  • #1,861
  • Mar 22, 2007 3:30pm Mar 22, 2007 3:30pm
For the adventurous trader:
Attached Image
  • #1,862
  • Mar 22, 2007 4:26pm Mar 22, 2007 4:26pm
This might be obvious, or it could just be plain ol wrong, but I'll share it anyway to get some feedback.
I keep in mind the swap when I see a trade setup - if it's positive and you have a clear/ strong signal, jump in just before the new daily candle, otherwise wait for the new one. Might not be worth that much, but it may as well be in my pocket. What do you think?

BB, I took those 2 EU and UC setups - I looking at a fairly short trade on the pullback - 75-80 pips each, due to being against the trend. The EU trade, in my opinion is probably worth twice that, but I'm being cautious this week. See what happens...
What are your thoughts on these ones?
  • #1,863
  • Mar 22, 2007 4:53pm Mar 22, 2007 4:53pm
Quoting BeachBum
For the adventurous trader:
Do you mean that because of the tunnel?
  • #1,864
  • Mar 22, 2007 9:02pm Mar 22, 2007 9:02pm
BB,

Are you taking any cross of the RSI and the EMA regardless of where they happen?
  • #1,865
  • Mar 23, 2007 9:08am Mar 23, 2007 9:08am
So far, good choices!

Quoting grrowler
This might be obvious, or it could just be plain ol wrong, but I'll share it anyway to get some feedback.
I keep in mind the swap when I see a trade setup - if it's positive and you have a clear/ strong signal, jump in just before the new daily candle, otherwise wait for the new one. Might not be worth that much, but it may as well be in my pocket. What do you think?

BB, I took those 2 EU and UC setups - I looking at a fairly short trade on the pullback - 75-80 pips each, due to being against the trend. The EU trade, in my opinion is probably worth twice that, but I'm being cautious this week. See what happens...
What are your thoughts on these ones?
  • #1,866
  • Mar 23, 2007 9:12am Mar 23, 2007 9:12am
That AND the fact that the price is not very far away fom the first fib, a level that has recently been a fairly strong support. However, as of right now, this trade would have yielded 50+ pips. Fozzy rules!

Quoting libertao
Do you mean that because of the tunnel?
  • #1,867
  • Mar 23, 2007 9:13am Mar 23, 2007 9:13am
Quoting alcastro
BB,

Are you taking any cross of the RSI and the EMA regardless of where they happen? ABSOLUTELY!
..
  • #1,868
  • Mar 23, 2007 10:55pm Mar 23, 2007 10:55pm
Quote
So far, good choices!
Except when I'm too much of a tight-*rse with the stop...out by 5 pips on the CHF, what an idiot . At least the EUR is still a goer +44.
  • #1,869
  • Mar 24, 2007 10:35am Mar 24, 2007 10:35am
A good lesson on selecting Fozzy's stops!

Quoting grrowler
Except when I'm too much of a tight-*rse with the stop...out by 5 pips on the CHF, what an idiot . At least the EUR is still a goer +44.
  • #1,870
  • Mar 24, 2007 3:21pm Mar 24, 2007 3:21pm
Hello everyone,
this is my first post on FF. Only been looking at the forum section for about two weeks. Have been working my way through the Fozzy posts, some very informative stuff. Have had only one trade using the Fozzy method so far, USD/CAD a few days ago - excellent. Unfortunately pulled out too soon, but hey 100 points, I'm not grumbling.
I'm looking for two bits of info. Firstly could someone please be kind enough to explain how I can transfer indicators, which some of you have posted, onto my MT4 platform. Please bear in mind I am quite useless when it comes to messing with computers.
GEE SEVEN, you posted a file for Keltner bands ( 871 ).
BB, you posted a file for the Vegas Currency Daily ( 935 ). Would appreciate any help with this.
Secondly, apart from trading FX, I also trade indices. I would like to try the Fozzy method on them. OK here's my question- does anyone know of a platform like MT4 ( where I can mix indicators RSI/MA etc) but where I can trade indices?
I would like to say- thank you Fozzy and thanks in anticipation for any help.
  • #1,871
  • Mar 24, 2007 5:07pm Mar 24, 2007 5:07pm
Quoting ternano
Hello everyone,
I'm looking for two bits of info. Firstly could someone please be kind enough to explain how I can transfer indicators, which some of you have posted, onto my MT4 platform. Please bear in mind I am quite useless when it comes to messing with computers.
Watch these tutorials especially post #4.
Click on the indicator you want and select save to disk. Select 'my computer' in the download window to navigate to the folder where you want to store the indicator. Generally you would store it in the folder C:\program files\MetaTrader 4\experts\indicators. The name of the folder 'MetaTrader4' will vary depending on where you got your demo from. It might be 'Interbank fx Trader 4' or 'FXDD - Metatrader 4' or some other name. When you restart MT4 the indicator should be visible under 'custom indicators' in the navigator.
  • #1,872
  • Mar 25, 2007 3:40am Mar 25, 2007 3:40am
Quoting ternano
Secondly, apart from trading FX, I also trade indices. I would like to try the Fozzy method on them. OK here's my question- does anyone know of a platform like MT4 ( where I can mix indicators RSI/MA etc) but where I can trade indices?
northfinance.com also has futures, stocks and metals if that's what you're after.
  • #1,873
  • Mar 25, 2007 6:36am Mar 25, 2007 6:36am
Quoting nvwine
Watch these tutorials especially post #4.
Click on the indicator you want and select save to disk. Select 'my computer' in the download window to navigate to the folder where you want to store the indicator. Generally you would store it in the folder C:\program files\MetaTrader 4\experts\indicators. The name of the folder 'MetaTrader4' will vary depending on where you got your demo from. It might be 'Interbank fx Trader 4' or 'FXDD - Metatrader 4' or some other name. When you restart MT4 the indicator should be visible under 'custom indicators' in the navigator.
nvwine.
Thanks for your reply, but as I explained in my post I am useless with computers. If I can explain maybe you will be able to guide me. I have downloaded what was posted by Gee Seven & BB. on the MT4 site when I press MetaEditor I can see both indicators. How do I get them from where they are to my screen? Sorry to be a pain
  • #1,874
  • Mar 25, 2007 6:38am Mar 25, 2007 6:38am
By the way nvwine I have looked at the tutorials, but they don't make sense to me, at least the one on indicators.
  • #1,875
  • Mar 25, 2007 7:04am Mar 25, 2007 7:04am
Quoting ternano
nvwine.
Thanks for your reply, but as I explained in my post I am useless with computers. If I can explain maybe you will be able to guide me. I have downloaded what was posted by Gee Seven & BB. on the MT4 site when I press MetaEditor I can see both indicators. How do I get them from where they are to my screen? Sorry to be a pain
If you have the indicator in MetaEditor then click 'save as' on the file menu and save it to the directory I referenced before. When you re-start MT4 press 'control N' to open the navigator. Look at the list of Custom Indicators in the navigator and select the one you saved. Then right mouse click on the indicator name and attach it to the open chart.
  • #1,876
  • Mar 26, 2007 8:06am Mar 26, 2007 8:06am
I have a question about the AO_FozzySignal indicator. Does it only give the signal when the original rules are met? That's what it looks like to me, if so is there an indicator that gives the signal when the beach method is used? Meaning gives a signal anytime there is a cross without taking the BB bands into account?
  • #1,877
  • Mar 26, 2007 8:53am Mar 26, 2007 8:53am
Early in this thread is a post with several Fozzy indicators attached as well as an explanation of each one. A few minutes spent seaching should get you to that post. HTH!

Quoting migamb
I have a question about the AO_FozzySignal indicator. Does it only give the signal when the original rules are met? That's what it looks like to me, if so is there an indicator that gives the signal when the beach method is used? Meaning gives a signal anytime there is a cross without taking the BB bands into account?
  • #1,878
  • Mar 26, 2007 1:01pm Mar 26, 2007 1:01pm
I've read the whole thread, thats where I got the indicator I am asking about. I saw that one and the one used for backtesting. I am asking about this indicator is someone modified it so that the green line goes buy/sell on any cross not just the cross based on the original rules.
  • #1,879
  • Mar 26, 2007 1:18pm Mar 26, 2007 1:18pm
Quoting migamb
I've read the whole thread, thats where I got the indicator I am asking about. I saw that one and the one used for backtesting. I am asking about this indicator is someone modified it so that the green line goes buy/sell on any cross not just the cross based on the original rules.
I think someone with a post on the first page (ideally Fozzy) should edit in Fresian's document from post #1523.

Migamb, my understanding is that, the AO_SignalALL indicator in post #212 gives a signal on any cross, regardless of Bollinger Bands, as opposed to the indicators posted in #182.
  • #1,880
  • Mar 26, 2007 3:44pm Mar 26, 2007 3:44pm
I looked back and you are correct libertao; this is why I suggested migamb perform a search to find this post and the requested indicator. Thanks!

Quoting libertao
I think someone with a post on the first page (ideally Fozzy) should edit in Fresian's document from post #1523.

Migamb, my understanding is that, the AO_SignalALL indicator in post #212 gives a signal on any cross, regardless of Bollinger Bands, as opposed to the indicators posted in #182.
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