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The Daily Fozzy Method

  • #2,761
  • May 20, 2009 8:47pm May 20, 2009 8:47pm
What is it about "you'll do better" that you don't understand?

Quoting maq
is the fozzy signal better at the h4?
  • #2,762
  • May 21, 2009 3:26am May 21, 2009 3:26am
Ahoy there, BB - still socking it to 'em on the Fozzy thread, I see !

Fozzy certainly switched me on to different ways to use RSI, which is a staple on my charts these days (as you may have seen on The RSI Trade thread).

Hope you're doing well.

J.
  • #2,763
  • May 21, 2009 6:01am May 21, 2009 6:01am
Nice to see you too J.

I am not familiar with the RSI Trade thread; will check it out this weekend; thanks for the tip!

I just feel a need to keep the "slackers" honest............

Quoting jtrade
Ahoy there, BB - still socking it to 'em on the Fozzy thread, I see !

Fozzy certainly switched me on to different ways to use RSI, which is a staple on my charts these days (as you may have seen on The RSI Trade thread).

Hope you're doing well.

J.
  • #2,764
  • May 24, 2009 3:38pm May 24, 2009 3:38pm
Hi Beachbum,

As you are experienced trader using this method I would like to ask something.

Do you enter trades when you see valid fozzy signal and next day is bank holiday?

Similar situation like today- tomorrow is UK and US bank holiday.
  • #2,765
  • May 26, 2009 2:33am May 26, 2009 2:33am
Kennard, did you consider bank holidays in your backtest?
  • #2,766
  • May 26, 2009 3:31am May 26, 2009 3:31am
Hi Alter,

Yes, I did.
I just would like to hear from more exprerienced trader than am I how is he trading around holidays.
  • #2,767
  • May 26, 2009 7:43am May 26, 2009 7:43am
Your original question is very simple; it deserves a simple answer.

If you Fozzy trade in it's purest form (that would be technically), bank holidays are meaningless. If you have progressed beyond the basics, bank holidays as well as other factors would affect your trade decisions; notice the comments of jtrade a few posts back.

Quoting Kennard
Hi Alter,

Yes, I did.
I just would like to hear from more exprerienced trader than am I how is he trading around holidays.
  • #2,768
  • May 26, 2009 8:55am May 26, 2009 8:55am
Ok, thanks BeachBum.

I am still beginner trading micro lots on Oanda. Didnt enter any trade on Sunday and will most probably ignore any signals before bank holidays.
Still learning.
  • #2,769
  • May 26, 2009 8:57am May 26, 2009 8:57am
Quoting Kennard
Ok, thanks BeachBum.

I am still beginner trading micro lots on Oanda.
Good way to start!
  • #2,770
  • Jun 3, 2009 4:30pm Jun 3, 2009 4:30pm
Anyone took trades today?
Yea it's Life//
  • #2,771
  • Jun 26, 2009 5:23am Jun 26, 2009 5:23am
Hi,
I'm new to Fozzy Method and still learning it. By the way, has anyone got Alert Indicator for RSI-8 and 8 EMAS Crossing? Please...

I need it badly. Thank you in advance
  • #2,772
  • Jun 26, 2009 5:36am Jun 26, 2009 5:36am
Quoting accrete
Well i don't know if maybe this post of mine from waaay back in January of this year had any part in planting a seed, but if it did i am doubly blessed that somehow it has become something you found useful in your trading plan and goals.

I went ahead and did a copy/paste as some of it might help along the lines of why and how i came to using these indicators myself, and how to also do some simple mods to the RSI to help with the visuals. The lower most image shows the RSI in use with the RSI-Dots also looking for the V and inverted-V for possible...
Hi, the alert indicator which I mean is like above. Arrow will appear when RSI8 cross with EMA8. The you have it Fozzy, BeachBum ?
  • #2,773
  • Aug 12, 2009 7:58am Aug 12, 2009 7:58am
this system still working ?
  • #2,774
  • Sep 16, 2009 3:23am Sep 16, 2009 3:23am
sure..coz its work for me...
thank Fozzy for the great system.
and thanks to friend of mine telling me this thread..
  • #2,775
  • Feb 26, 2010 12:13pm Feb 26, 2010 12:13pm
I only discovered this thread about a week or so ago and have been dabbling in it. I have to admit - it hasn't worked the way I thought it would. I've checked it via the original fozzy (with bolliger bands) and the newer version (no bands) and it hasn't held up. W and L total

Now, being a newbie, maybe I'm missing something, but this seems like a very simple system to try.

Has anybody been using it for the last year or so? Has it held up for you? Are there any tweaks or filters that have made a difference for you?

Thanks in advance for your reply.
  • #2,776
  • Feb 27, 2010 7:28am Feb 27, 2010 7:28am
Does your schedule allow you to trade using the H4 time frame? If it does, I suggest you read the thread about H4 Fozzy and then spend a little time backtesting for the past year.


Quoting Metrolf
I only discovered this thread about a week or so ago and have been dabbling in it....
  • #2,777
  • Mar 25, 2010 1:27pm Mar 25, 2010 1:27pm
Thanks for the reply, and sorry for the late return.

No, I work 9 hour days and only have time to look at the market either in the morning or in the evening. I'm trying to find a simple daily strategy that would take, say, 1/2 hour tops in the morning and in the evening to trade with. I'm open to suggestions if you have any.

Still looking . . . .
  • #2,778
  • Apr 13, 2010 10:26pm Apr 13, 2010 10:26pm
hi did you know basically from what i can tell is the oridinal fozzy method is just an indicator to tell u when there is a bollinger band bounce on the daily. check it? i may be wrong but looks like it to me and the crosses above the band when goin up is just the price bouncing off the 20sma

regards damien
i pull the trigger when others are fearful---me
  • #2,779
  • Apr 14, 2010 1:15am Apr 14, 2010 1:15am
damien.............please post a chart for us!

Quoting damosdmf
hi did you know basically from what i can tell is the oridinal fozzy method is just an indicator to tell u when there is a bollinger band bounce on the daily. check it? i may be wrong but looks like it to me and the crosses above the band when goin up is just the price bouncing off the 20sma

regards damien
  • #2,780
  • Apr 14, 2010 1:34am Apr 14, 2010 1:34am
i use fozzy signal to signal a trade is coming and i use price action to get in but if u look the fozzy usually is off just a standard bollinger band bounce.

regards damien
Attached Image (click to enlarge)
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i pull the trigger when others are fearful---me
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