Daily Fozzy on all time frames????

Just asking if anyone else is using the Daily Fozzy on all time frames all currencies.

The Daily Fozzy as I understand it is RSI 8, overlaid with SMA 8 and standard Bollinger Bands. I never kept up with the thread, saw this and was amazed. Apologies if this then is wrong in any way.

Entries for me (or at least when I get very interested), if the RSI goes outside a band and crosses back or the RSI crosses the SMA. Wonderful indicator helps scalp off 5 min chart or position trade off 4hr, with entries off 30 min.

A wonderful indicator and many, many thanks to the people that started that thread. Its been a massive help to me.

In between writing the first post just got into a scalp GBPUSD S 2.0040, stop moved to BE, and we are 14 pips up so far.

On 5 min chart RSI went outside the BB crossed back in and then crossed the SMA which was the signal to enter.

A little scalp has turned out nicely, stop moved to 2.0020 so 20 pips locked in. A freebie trade from here.

My profit target just got hit, I couldn't move it down further quick enough so 48 pips for a scalp, I'm happy (scarctic yes), very happy.

As another example. Exactly the same "scalp" on GBPJPY on 15 min chart was a sell at 236.16 currently 235.40.

Thanks Fozzy!!

This is a great example of how the Daily Fozzy settings work really well, 8 RSI red punching through 8 SMA black. W's % R punching through -50 line. See 8 am on 19 Apr.

And using the 2 hr chart GBPJPY and EURCAD. With W's % R crossing the -50 line a brilliant combination.

Vantage..............would you mind if we had this thread moved to the "Fozzy" sub-forum?

No problem I'm sure I'll find it and carry on posting there.

Daily Fozzy on all times frames is an as yet unfound diamond.

I've just loaded this else where but after the various divergences daily Fozzy was a lovely trigger.

Thanks, I've made the request to adm. I think more people will see this thread and benefit if it's in the Fozzy sub-forum.

I looked at Daily Fozzy on very short timeframes (15 and 5 min) some time ago. Seem to recall it looked promising, although you might need a filter to reduce bad trades. I'll revisit this in the next week or so, and report back.

Hi W's % R passing through -50 is a good filter. The time frames you mention are more for scalping but of course catch a scalp early and they sometimes run the whole day!!! If the lower time frames fozzy RSI/SMA is crossing too often take a step back and look at 30 min chart. If thats too erractic look at the 1 hr etc etc. Theres a good example of this on the Can I make 40% monthly thread.

Its easiest if I attach the chart. Fozzy on 15 min has quite a few crossovers, take a step back and on the 30 min chart on the left the 1 RSI SMA cross before the big GBPUSD move down.

The W's % R cross of the -50 line a good filter.

Did a search but can't find the "can I make 40% monthly" thread. Any clues where it is.? , and yes, the Williams%R does look like a good filter.

Under forums journal factory, the link http://www.forexfactory.com/showthread.php?t=25984

would you attach a templat of your chart...I can not put bonds on Indicator window (I dragit to there but it appear in main chart window...
Thanks

Hi guys
I'm not sure is it worth a new thread, but i'll post my 15/60M entrys with Dynamic Zone RSI

What i do is waiting for first four consecutive bars from last crossing.

For short [I'm short UJ now]
after fourth candle close I place orer:
EO @ lowest low of those four candle
SL @ last top

top of those four candle is cancellation line. If price go back to it, i cancell my entry [if didn't filled yet]

I'll keep my TP, but VIT [Very Important Tip] is to enter trades from 7am and not later than 6pm GMT+2

I still test the method, so please do tour testing before.

Also consider trading AUDUSD from 3am [GMT+2]

Now I do trades with EU EJ and UJ

screenshot I post is alredy filled, future will tell

PS. also EU filled long @ 1.5696

Hope it's clear explenaton. called it 15/60 cause use 15 TF but use min 4 candles for makin decision

GREAT method.. THKS Vantage