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Art's REAL life Fozzy adventure

  • #21
  • Mar 25, 2007 3:06pm Mar 25, 2007 3:06pm
Hi cool.....

I look at 21 pairs; if I like the setup, I'll take the trade. For me there is no such thing as "goes off Fozzy", the potential is ALWAYS there, because Fozzy works!.......

Quoting coolshades
beach, may i know which exotics you are trading fozzy?

and also when a particular pair goes off fozzy, do you continue trading that pair, maybe with reduced lots, or stay off trading till it behaves itself
  • #22
  • Edited 5:07pm Mar 25, 2007 3:48pm | Edited 5:07pm
Beach I admire your courage. I look forward to watching your live trades at some point. It will be interesting to see how well you can beat the spread.

Good luck.
  • #23
  • Mar 25, 2007 4:04pm Mar 25, 2007 4:04pm
tdion..........if you go to "The Fozzy Daily Method" thread, you can see about 12 weeks of my trades from last Fall, which included trading "the exotics". I'm not trying to "beat" the spread, just make a reasonable profit in addition to the spread on trades that I am confident about. These pairs would not be available to trade if it was unreasonable to do so. As for "live trades" from me being posted.................won't happen; I just don't have the time. I also VP trade everyday and try to spend some time here at FF and at other places on the web.

PS...........I don't view it as being courageous, because I am a technical trader; no emotions in my trading. Follow my method(s) fanatically, pull the trigger, win or loose; it's ALL good!

Quoting tdion
Beach I admire your courage. I look forward to watching your live trades at some point. It will be interesting to see how well you can beat the spread.

Good luck.
  • #24
  • Mar 26, 2007 2:28am Mar 26, 2007 2:28am
G'day all,

The following trades were taken today:

26/3/07 - EURJPY Short @ 156.66; SL @ 157.36; TP1 @ 156.26; TP2 @ 156.00 (just above Vegas tunnel)
26/3/07 - AUDUSD Short @ 0.8051; SL @ 0.8092; TP1 @ 0.8011; TP2 @ 0.7921
26/3/07 - GBPUSD Short @ 1.9600; SL @ 1.9670; TP1 @ 1.9560; TP2 @ 1.9470

Cheers,
Art...
  • #25
  • Mar 26, 2007 7:07am Mar 26, 2007 7:07am
G'day all,

Not a good day for the Fozzy:

Quote
TP1 hit @ 1.3291 (+40)
SL moved to BE
EURUSD - TS hit @ 1.3285 (+46)

Quote
26/3/07 - EURJPY Short @ 156.66; SL @ 157.36; TP1 @ 156.26; TP2 @ 156.00 (just above Vegas tunnel)
SL hit @ 157.36 (-70)

Quote
26/3/07 - AUDUSD Short @ 0.8051; SL @ 0.8092; TP1 @ 0.8011; TP2 @ 0.7921
SL hit @ 0.8092 (-41)

Quote
26/3/07 - GBPUSD Short @ 1.9600; SL @ 1.9670; TP1 @ 1.9560; TP2 @ 1.9470
SL hit @ 1.9670 (-70)

Tomorrow is a brand new day.

Cheers,
Art...
  • #26
  • Mar 26, 2007 7:21am Mar 26, 2007 7:21am
Hi Art...

Not sure why; but I did NOT get a Fozzy signal on any of these, therefore did not enter any of these trades. On my charts, a cross was close, but didn't make it. (see attached)

Quoting Artamon
G'day all,

The following trades were taken today:

26/3/07 - EURJPY Short @ 156.66; SL @ 157.36; TP1 @ 156.26; TP2 @ 156.00 (just above Vegas tunnel)
26/3/07 - AUDUSD Short @ 0.8051; SL @ 0.8092; TP1 @ 0.8011; TP2 @ 0.7921
26/3/07 - GBPUSD Short @ 1.9600; SL @ 1.9670; TP1 @ 1.9560; TP2 @ 1.9470

Cheers,
Art...
Attached Image
  • #27
  • Mar 26, 2007 7:56am Mar 26, 2007 7:56am
Hi Beachbum

You have no sunday bar on your chart, therefore not signal.

Yellow
  • #28
  • Mar 26, 2007 8:43am Mar 26, 2007 8:43am
Hi Yellow........

I'm not sure that's the only answer in this situation. If it is, then all the more reason not to use a broker with a Sunday Daily candle. JMO!

Quoting Yellow2
Hi Beachbum

You have no sunday bar on your chart, therefore not signal.

Yellow
  • #29
  • Mar 26, 2007 10:45am Mar 26, 2007 10:45am
beach, you beat me to it here.. no cross for me too on these..

but then not surprising i suppose. you and i use fxdd.

Quoting BeachBum
Hi Yellow........

I'm not sure that's the only answer in this situation. If it is, then all the more reason not to use a broker with a Sunday Daily candle. JMO!
  • #30
  • Mar 26, 2007 1:49pm Mar 26, 2007 1:49pm
there is a audcad and chfjpy long.. but counter to solar wind trend (beach thanks for this),, audcad in any case is too close to recent high.
  • #31
  • Edited 3:31am Mar 27, 2007 1:24am | Edited 3:31am
G'day all,

Quoting Yellow2
Hi Beachbum
You have no sunday bar on your chart, therefore not signal.
Yellow
And just as I feared prior to going live, the Sunday candle is causing me grief. Trying to find an MT4 broker with no Sunday bar AND that allows micro (and smaller) lots has proved problematic. In my testing, it didn't appear to be such a huge issue, but on looking back i see there were clearer trends (both up and down).

I'll post some charts on why those trades were triggered. In most cases the cross appears to only "just" be there...just!

There was another trade today and another loss:

27/3/07 - EURCAD Long @ 1.5483; SL @ 1.5418; TP @ 1.5613.
SL hit @ 1.5418 (-65)

I see 2 options going ahead:
1. I find a new broker that allows mini/micro/nano trades (I know FXDD has mini accounts, but can you trades 0.1 and 0.01 lots in that account?) or
2. Have somebody make a change to the EA so that it does not take Sunday bars into account. Anyone up for this??

Anyway, I may have to suspend trading on Mondays until this situation is resolved. In testing, the Fozzy has been GREAT in keeping me out of many bad trades / temporary reversals. There's no point in trading it if that feature has been rendered null and void by that dreaded Sunday bar.

Cheers,
Art...
  • #32
  • Mar 27, 2007 1:58am Mar 27, 2007 1:58am
G'day all,

Here's some screenshots of those 3 trades. As you will see the only reason the crosses occurred (and Fozzy trades triggered) was because of the 4hr Sunday candle. Not a good a situation to have.

Cheers,
Art...
Attached Images
  • #33
  • Mar 27, 2007 1:59am Mar 27, 2007 1:59am
Cheers,
Art...
Attached Images
  • #34
  • Mar 27, 2007 1:59am Mar 27, 2007 1:59am
Cheers,
Art...
Attached Images
  • #35
  • Mar 27, 2007 4:38am Mar 27, 2007 4:38am
G'day BB,

Quoting BeachBum
Hi Art...
Not sure why; but I did NOT get a Fozzy signal on any of these, therefore did not enter any of these trades. On my charts, a cross was close, but didn't make it. (see attached)
Not sure either, but I am using the EA v2.2 to enter the trade...and I don't have that AO_Fozzy indicator either. I've never tried that...might load it up and see how it compares...

Cheers,
Art...
  • #36
  • Mar 27, 2007 4:41am Mar 27, 2007 4:41am
Quoting BeachBum
Hi Yellow........
I'm not sure that's the only answer in this situation. If it is, then all the more reason not to use a broker with a Sunday Daily candle. JMO!
Hey BB, this is gonna sound weird but my account is with IBFX...as it appears yours is. So, how can your feed be different from mine if we're with the same broker? Are you saying you have no Sunday bar?

Cheers,
A confused Art...
  • #37
  • Mar 27, 2007 7:02am Mar 27, 2007 7:02am
Hello Art...

I use FXDD, not IBFX for my MT4 charts........and I do NOT have a Sunday candle/bar. The chart I posted is from a secondary computer I use, and although the header reads IBFX demo account, in actuallity the account I am using is from FXDD. Sorry for the confusion from the posted chart! This past Sunday, FXDD started to feed at 4PM EDT. This first candle of the week closed Monday at 5PM EDT (a 25 hour candle). I like the charting features from FXDD plus the fact that the demo account I use for charting does not expire. Based on your concerns; I really think you should switch to FXDD (or another broker without the Sunday candle) for your charting and Fozzy signals.

Actual trading: I have accounts at three different brokers (one is FXDD). I do this for several reasons, using Oanda for very small trades when I want to forward test a strategy with real money. HTH!

Almost forgot: I don't use the EA because I don't like using EA's. I prefer a more "hands on" style of trading. Even though we are trading off of daily charts, I like the control and prefer to enter and exit my trades manually.
  • #38
  • Mar 27, 2007 8:20am Mar 27, 2007 8:20am
EURAUD Fozz crossed early this am. Might be a potential play after it closes. Sitting between the two last fibs of Vegas too. Comments??
  • #39
  • Mar 27, 2007 8:50am Mar 27, 2007 8:50am
Zooming out on the Daily chart would suggest this is going to be a prime Fozzy trade!

Quoting milan47
EURAUD Fozz crossed early this am. Might be a potential play after it closes. Sitting between the two last fibs of Vegas too. Comments??
Attached Image
  • #40
  • Mar 27, 2007 10:18am Mar 27, 2007 10:18am
Hi Art

The best way forward is to use FXDD for charting and any other broker for your trades, this is what most of us have been doing. IMO as this is a once-a-day method, EAs are not that helpful and maybe detrimental to some extent.
Regards
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