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FOZZY Method CROSSES

  • #101
  • Apr 5, 2007 5:07pm Apr 5, 2007 5:07pm
Quoting jaree
I see following crosses forming

EUR/AUD
USD/CHF
GBP/USD
Is anyone else going to trade fozzy today since it is major news Friday with NFP and a holiday at same time so for those who are experienced in this fozzy method what do you guys say is it safe to trade in such situation? How has fozzy done in past during NFP week?
I often find that after NFP there are a lot of crosses to trade on the Sunday/Monday. I often find these don't work out. Pay attention if the pair was already trending in the direction before NFP. The news can speed up a cross if this is the case. Or give a whipshaw if it wasn't.

Personally I sit out during holidays. Generally little volume gives false signals and a market with little movement. But NFP on the Friday may shake things up a bit.
  • #102
  • Apr 5, 2007 6:14pm Apr 5, 2007 6:14pm
G'day all,

Quoting jaree
I see following crosses forming
EUR/AUD
USD/CHF
GBP/USD
Is anyone else going to trade fozzy today since it is major news Friday with NFP and a holiday at same time so for those who are experienced in this fozzy method what do you guys say is it safe to trade in such situation? How has fozzy done in past during NFP week?
I have the following 3 potential fozzy trades:

GBPUSD Short - I won't take this today because of upcoming news (I'd rather wait til next week and see how things develop)
EURAUD Long - I will take this but with a tighter SL and only looking for a small win (~20 or so pips)
AUDCAD Short - I will take this but with a tighter SL and again only looking for a small win.

I don't follow the swissy pairs atm.

Also, I'm in EU long since yesterday and banked one lot of pips. I'll be watching NFP tonight hoping for some USD -ve news to lock in some more. If it doesn't happen and I get stopped, so be it. My SL is currently at 1.3411.

Cheers,
Art...
  • #103
  • Apr 5, 2007 6:38pm Apr 5, 2007 6:38pm
Quoting Artamon
G'day all,


I have the following 3 potential fozzy trades:

GBPUSD Short - I won't take this today because of upcoming news (I'd rather wait til next week and see how things develop)
EURAUD Long - I will take this but with a tighter SL and only looking for a small win (~20 or so pips)
AUDCAD Short - I will take this but with a tighter SL and again only looking for a small win.

I don't follow the swissy pairs atm.

Also, I'm in EU long since yesterday and banked one lot of pips. I'll be watching NFP tonight hoping for some USD -ve news to lock in some more. If it doesn't happen and I get stopped, so be it. My SL is currently at 1.3411.

Cheers,
Art...
I am in long EUR/AUD too but very disappointed by the 10 pip spread lets see if it can cover the spread
  • #104
  • Apr 5, 2007 10:59pm Apr 5, 2007 10:59pm
Waiting on NFP tomorrow before I make any moves, however if it comes in strong both AUD and EUR more than likely will take a quick nose dive for 50-75 pips. Also, I have noticed on the EUR/AUD that when the AUD dollar moves you usually get 2 pips in that direction so a 50 point drop may equate to 80-100 move up with the EUR/AUD so you may get lucky.

Doesn't seem like anything is going on tonight though...really slow.
  • #105
  • Apr 8, 2007 1:37pm Apr 8, 2007 1:37pm
http://www.forexfactory.com/showpost...7&postcount=33
  • #106
  • Apr 8, 2007 4:09pm Apr 8, 2007 4:09pm
Quoting BeachBum
http://www.forexfactory.com/showpost...7&postcount=33
I am in


Also anyone going to trade or see any potential crosses today
  • #107
  • Apr 9, 2007 3:33am Apr 9, 2007 3:33am
Quoting jaree
I am in


Also anyone going to trade or see any potential crosses today
There are possibilities but since it's a holiday market I'm not going to trust them
  • #108
  • Apr 9, 2007 10:24am Apr 9, 2007 10:24am
Quoting jafar00
There are possibilities but since it's a holiday market I'm not going to trust them
Well holidays are now over i guess Monday is the last day Anyway i see a potential cross on GJ and CHF/JPY anyone going to take it ?
  • #109
  • Apr 9, 2007 9:28pm Apr 9, 2007 9:28pm
Pretty bad start of the week with a SL hit on USDCAD I see lot of USD pairs crosses forming tomorrow and i am wondering if anyone is going to take them all
  • #110
  • Apr 10, 2007 3:49am Apr 10, 2007 3:49am
Quoting jaree
Pretty bad start of the week with a SL hit on USDCAD I see lot of USD pairs crosses forming tomorrow and i am wondering if anyone is going to take them all
I hit the cad s/l too. Who could have predicted the anti USD moves in Asia last night?
As for new crosses today, we will have to wait and see how the market settles post holiday to see what is possible and what is not. The market at the moment is giving me grey hairs lol.
  • #111
  • Apr 10, 2007 6:23am Apr 10, 2007 6:23am
Quoting jafar00
I hit the cad s/l too. Who could have predicted the anti USD moves in Asia last night?
As for new crosses today, we will have to wait and see how the market settles post holiday to see what is possible and what is not. The market at the moment is giving me grey hairs lol.
Woke up to see my GJ hit the SL too prob all the US pairs will have a cross today but i dont know if it would be good to trade those or not.... Can anyone else shed some light on the charts and how stuff look like? Anyone going to take all of them?
  • #112
  • Apr 10, 2007 1:12pm Apr 10, 2007 1:12pm
Does anyone here even like to share anything? I mean where is everyone? No fozzy trader here or what?
  • #113
  • Apr 10, 2007 1:31pm Apr 10, 2007 1:31pm
Quoting jaree
Does anyone here even like to share anything? I mean where is everyone? No fozzy trader here or what?
About the only cross I see that may make some pips is USDCHF short but it's not great. My broker still has a couple of hours to go before a new candle so I won't know until then.

Everything else seems to be overbought, oversold or stuck in a range.
  • #114
  • Apr 10, 2007 1:42pm Apr 10, 2007 1:42pm
Quoting willf
About the only cross I see that may make some pips is USDCHF short but it's not great. My broker still has a couple of hours to go before a new candle so I won't know until then.

Everything else seems to be overbought, oversold or stuck in a range.
Thanks for replying How about EUR/CHF short that one looks nice to me

USD/CHF daily is right on vegas tunnel isnt that pretty dangerous
  • #115
  • Apr 10, 2007 2:23pm Apr 10, 2007 2:23pm
Quoting jaree
Thanks for replying How about EUR/CHF short that one looks nice to me

USD/CHF daily is right on vegas tunnel isnt that pretty dangerous
EURCHF is too high. I only take short crosses beneath the 50 RSI and long crosses above the 50 RSI

I don't consider the tunnel as dangerous. I have backtested this and sure it can stall at the tunnel but it can stall at any fib line as well.
  • #116
  • Apr 10, 2007 2:29pm Apr 10, 2007 2:29pm
jaree.............

Your question will not win any friends. There is a tremendous amount of Fozzy trading info in this sub-forum; and it's here because many of us have not only been willing to share but also to use our time for sharing. That time COULD have been used elsewhere.

Suggestion: Use your time to learn as much as possible about Fozzy trading. Don't be so concerned about individual trades or what's happening today, but rather concern yourself with learning the method so you can be comfortable and successful. I have just started doing something new with what I call "The 4 Hour Fozzy" and will be posting some observations and ideas that I hope will be useful. But I don't think it's realistic to expect a lot of daily posts about day-trading. Back and forward testing (as well as a measure of patience) will help you much better in the long run. All the best....

Quoting jaree
Does anyone here even like to share anything? I mean where is everyone? No fozzy trader here or what?
  • #117
  • Apr 10, 2007 2:37pm Apr 10, 2007 2:37pm
Quoting BeachBum
jaree.............

Your question will not win any friends. There is a tremendous amount of Fozzy trading info in this sub-forum; and it's here because many of us have not only been willing to share but also to use our time for sharing. That time COULD have been used elsewhere.

Suggestion: Use your time to learn as much as possible about Fozzy trading. Don't be so concerned about individual trades or what's happening today, but rather concern yourself with learning the method so you can be comfortable and successful. I have just started doing something new with what I call "The 4 Hour Fozzy" and will be posting some observations and ideas that I hope will be useful. But I don't think it's realistic to expect a lot of daily posts about day-trading. Back and forward testing (as well as a measure of patience) will help you much better in the long run. All the best....
I understand that and i have read every single post related to fozzy and i am comfortable with the system but i was just wondering where everyone is at i mean it was only me who was posting on this thread so thats why i just asked that I know posting is time consuming but i thought that was this thread made for to share the knowledge of crosses and what others think about it Anyway thanks for your time and suggestion and i am waiting for your update on 4 hour fozzy
  • #118
  • Apr 10, 2007 2:45pm Apr 10, 2007 2:45pm
I think once you have settled upon a setup that suits you it's very difficult and time consuming to explain the reasoning behind your trades.

I don't usually even know what my next trade will be until about 9.50GMT, 10 mins before by broker forms a new candle.
  • #119
  • Apr 10, 2007 2:47pm Apr 10, 2007 2:47pm
Quoting willf
I think once you have settled upon a setup that suits you it's very difficult and time consuming to explain the reasoning behind your trades.

I don't usually even know what my next trade will be until about 9.50GMT, 10 mins before by broker forms a new candle.
Excellent explanation................thanks!
  • #120
  • Apr 10, 2007 4:21pm Apr 10, 2007 4:21pm
I took GBP/USD long USD/CHF short and EUR/CHF short lets see what happens
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