Fozzy e-book - noobs can start here

I've made an e-book of the Fozzy method to help those new to it and maybe to give others a couple of points to ponder.

It isn't a complete summary of the thread - that would be huge(!) but rather a quick intro to basic Fozzy, setting stops/limits and how I personally look to trade it.

I mainly use Fozzy with traditional tech. analysis so that's what the book mainly focuses on. There's no mention of using Vegas or Willf's methods. A lot of the ideas have come from Beachbum and as ever big thanks to him for sharing.
Please don't take this as a substitute for reading the entire thread because there are lots of little nuggets in there.

If it helps some, great. Please feel free to comment on it or ask me anything that's unclear.

p.s. I'll be posting this book on a few other forums (under the name 'the 8and8 method' - hope Fozzy isn't affronted!) so we might get some new visitors to the thread.

EDIT: I've updated the book to include a walkthrough of four months of trades on GBP/USD.
Click here to view. http://www.forexfactory.com/showpost...5&postcount=74

All the best and, as ever, happy trading.
Michael

Thanks for the e-book

I think this book is terrific. I'm not affronted at all. In fact I'm flattered that you would think this method deserves the amount of work you've obviously put in to the book.

Many thanks

Fozzy

the bhoy,

Thanks a lot for the Fozzy ebook you made!
I will make a print out later on today. Can't wait to pick up Forex again & start trading with the Fozzy method...

Thanks

This is a very well written book. Thanks for the link to FF. a\And thanks for the generous contribution to evryone's education into this method.

+1

Thank-you, Michael.

J.

Your efforts in behalf of the 'noobs' is a great reflection of the spirit here at FF.

Thanks Michael...................

Very nice. Thanks

Thanks for all your comments - very much appreciated.

BTW, if anyone has questions just post them here - simple or not - and I'll try to answer them.

many thanks for this book

Bhoy,

great document. Very well done

By the way.....how misleading can the sunday bar be for the fozzy method?

Very good e-book.\Thx

I only had this problem for a day as I downloaded a new MT chart program so didn't have much time to study the effects. But my recollection is the sunday bar is given equal weight as the other full bars so could skew the crossover i.e give false signals, too many signals.

Better safe than sorry. I've heard other methods which use the sunday bar but not for fozzy.

Great guide Bhoy !
Anyway check at your site since the template 8on8_template is missing of the extension. It should be 8on8_template.tpl to work properly with metatrader platform

cya,
Skyline

Thanks, skyline. Fixed it.

the bhoy,

I am using North Finance charts and live in Israel where we have a 3 hour GMT difference at the moment (it's 3 hours later here). This means that I can place a new order (buy/sell) for the day at 1 AM my time. Unfortunately, that means for me waking up while I am sleeping already!
Any suggestions here?
Thanks!

You would either need to find a broker with a more convenient time or wake up at 12:45am. I understand the latter might be inconvenient, but at least it is at time you are able to trade it. If the daily candle close while you were at work you would be worse off. So without trying to sound harsh, this is my advice.

Seriously, though, I would like to echo Scott's sentiments above. I've read it and although having dipped in to the main thread on several occasions I don't recall contributing.

A clear conscise read. The praise by others is justified.

the bhoy

firstly many thanks for the ebook - a really generous act. Secondly can you assist a real comptuer dumbo with the chart template download. i have downloaded into my documents folder but when I try to open it, I get a message telling me that windows need to know what program created it. I've probably downloaded it into the wrong area. Would you mind giving me a blow by blow account of what I should do to download and activate this template

Thanks