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FOZZY Method CROSSES

  • #141
  • Apr 18, 2007 2:25pm Apr 18, 2007 2:25pm
Quoting jaree
Did anyone take AUD/JPY cross... It looks interesting I took it but i dont know what should i put as stop loss since the previous candle high is not very far and it can take me out in matter of minutes if i put that SL. Can anyone suggest what should appropriate SL should be in this case. Also did anyone else take this short?
Not for me. Todays bar has retraced too much for me. If I was going to place a stop (had I traded it) it would be 100.00. Thats 70% of a ATR20.
  • #142
  • Apr 18, 2007 3:12pm Apr 18, 2007 3:12pm
Quoting willf
Not for me. Todays bar has retraced too much for me. If I was going to place a stop (had I traded it) it would be 100.00. Thats 70% of a ATR20.
Thanks
  • #143
  • Apr 18, 2007 5:38pm Apr 18, 2007 5:38pm
My Fozzy indicator is showing a short on the GBP/JPY for today. Anyone else have this? Can't seem to upload anything right now...
  • #144
  • Apr 18, 2007 6:12pm Apr 18, 2007 6:12pm
Hi Trump, i have this signal on my charts. I wont enter till the new open tomorrow.

I have entered a few trades this week on the JPY.

17/4/07 - USDJPY - still open @ +60 (short)
17/4/07 - EURJYP - still open @ +39 (short)
17/4/07 - CADJYP - still open @ +28 (short)
19/4/07 - EURAUD - still open @ +51 (short)

I will move my stops tomorrow's new open.
  • #145
  • Apr 18, 2007 10:35pm Apr 18, 2007 10:35pm
my tps hit.. atlast a winning trade..took no other trade this week other than the bombed eurcad..

water to a parched throat


Quoting willf
Yes I took the GBPCHF. Unusual for me, not the usual willf fozzy setup.

Lets see what happens
  • #146
  • Apr 18, 2007 11:04pm Apr 18, 2007 11:04pm
Quoting coolshades
my tps hit.. atlast a winning trade..took no other trade this week other than the bombed eurcad..

water to a parched throat
Sweet
  • #147
  • Apr 19, 2007 1:03pm Apr 19, 2007 1:03pm
Anyone planning to take any of these today

AUD/USD short cross
NZD/USD short cross
GBP/JPY short cross
GBP/USD short cross against a very major trend thats why i am very hesitant to take this or GBP/JPY even AUD/USD is against trend too but valid fozzy crosses


Just noticed a UCAD cross too
  • #148
  • Apr 19, 2007 1:17pm Apr 19, 2007 1:17pm
Quoting jaree
Anyone planning to take any of these today

AUD/USD short cross
NZD/USD short cross
GBP/JPY short cross
GBP/USD short cross against a very major trend thats why i am very hesitant to take this or GBP/JPY even AUD/USD is against trend too but valid fozzy crosses
Apart from GBPUSD they have all retraced quite a lot. The GBPUSD looks the better of the bunch but a weak cross.

Having said that there were several trades yesterday that retraced through the day but made good pips today so you never can tell.

My broker has a hour before a new candle so I will make my mind up then.
  • #149
  • Apr 19, 2007 1:26pm Apr 19, 2007 1:26pm
I'm taking ALL of them.....cautiously.

Already in the USD/CAD, using my 4 hour Fozzy method described here:

Quoting jaree
Anyone planning to take any of these today

AUD/USD short cross
NZD/USD short cross
GBP/JPY short cross
GBP/USD short cross against a very major trend thats why i am very hesitant to take this or GBP/JPY even AUD/USD is against trend too but valid fozzy crosses


Just noticed a UCAD cross too
  • #150
  • Apr 19, 2007 1:40pm Apr 19, 2007 1:40pm
Crosses with GBP seems too risky to me... Planning to take UCAD and AUD/USD lets see how that goes... Still have about half an hour and UCAD might uncross back again
  • #151
  • Apr 19, 2007 1:43pm Apr 19, 2007 1:43pm
Going to take the NZD/USD cross and maybe the USD/CAD. AUD has some new releases this evening so I am going to stay away from that pair, even though they do not seem to significant.
  • #152
  • Apr 19, 2007 2:09pm Apr 19, 2007 2:09pm
Time of the day and i entered GBP/JPY short UCAD long and NZD/USD short lets see how many pips i get out of it

Goodluck to everyone
  • #153
  • Apr 19, 2007 2:54pm Apr 19, 2007 2:54pm
Hi Trumpcard

Yes im using the original fozzy methord.

As for today's crosses as posted by Jaree, i have entered on all of them.

Take care.
  • #154
  • Apr 19, 2007 3:49pm Apr 19, 2007 3:49pm
NZD Visitor Data came in poorly @ -0.1.

Hopefully this will help the shorts...
  • #155
  • Apr 19, 2007 3:53pm Apr 19, 2007 3:53pm
Quoting Rosco_P
NZD Visitor Data came in poorly @ -0.1.

Hopefully this will help the shorts...
Didnt move the market at all not even a pip Lets see what it does later.
  • #156
  • Apr 19, 2007 4:09pm Apr 19, 2007 4:09pm
All going negative except for GJ which looks like a bouncer too :o
  • #157
  • Apr 19, 2007 4:23pm Apr 19, 2007 4:23pm
Its still early in the day jaree,

Im in the negatives as well, but the trades are not near my stop loss, so im not too worried.

Ill just stick to the original fozzy and let time take its course. Best peice of advise, turn your sceen off and let the system ride its self.
  • #158
  • Apr 22, 2007 12:08pm Apr 22, 2007 12:08pm
wouldnt normally entertain this short since its back to back.. but its with the trend.. so intriguing..

any folks have any opinion?
  • #159
  • Apr 22, 2007 1:45pm Apr 22, 2007 1:45pm
Quoting coolshades
wouldnt normally entertain this short since its back to back.. but its with the trend.. so intriguing..

any folks have any opinion?
Personally it looks well oversold so I am going to give it a miss.
  • #160
  • Apr 22, 2007 2:30pm Apr 22, 2007 2:30pm
Decided to take the USDCAD in the end. RSI says it's oversold but then again it was saying that 10 days ago.

There was also a signal on EURGBP but this pair seems real flat with no kinda direction.
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