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FOZZY Method CROSSES

  • #161
  • Apr 23, 2007 4:09pm Apr 23, 2007 4:09pm
Did anyone else took GBP/CHF short cross. I did for some reason even though i really wanted to avoid looking at the past fozzy signals on that pair... Lets see

Any thoughts?
  • #162
  • Apr 23, 2007 4:15pm Apr 23, 2007 4:15pm
Quoting jaree
Did anyone else took GBP/CHF short cross. I did for some reason even though i really wanted to avoid looking at the past fozzy signals on that pair... Lets see

Any thoughts?
Short? I had a long cross but very weak so stayed out.

Different broker time I guess.
  • #163
  • Apr 23, 2007 4:55pm Apr 23, 2007 4:55pm
Quoting willf
Short? I had a long cross but very weak so stayed out.

Different broker time I guess.
I thought you had northfinance too Well there was a cross for long yesterday but today i see a short cross and new candle formed
  • #164
  • Apr 23, 2007 5:04pm Apr 23, 2007 5:04pm
Quoting jaree
I thought you had northfinance too Well there was a cross for long yesterday but today i see a short cross and new candle formed
I dumped Northfinance after they changed their trading times and had an annoying Sunday bar. Now using FXDD.
  • #165
  • Apr 23, 2007 5:21pm Apr 23, 2007 5:21pm
Quoting willf
I dumped Northfinance after they changed their trading times and had an annoying Sunday bar. Now using FXDD.
Do you think that sunday bar mess up some indicators or is it good to have sunday candle for indicators. I tried to look for the answer on my charts but its just too complicated. What do you think?

Also i have another question for you if you dont mind answering

You said you will take a trade after it cross RSI 50 line... Suppose you get long signal from RSI crossing MA but its under RSI 50 you wont take the trade but after like a day or two price continue to move in right direction of the cross and then it cross RSI 50 too will you enter that trade? and what time as soon as it cross RSI 50 or with new daily. Any help would be appreciated
  • #166
  • Apr 23, 2007 6:58pm Apr 23, 2007 6:58pm
Quoting jaree
Do you think that sunday bar mess up some indicators or is it good to have sunday candle for indicators. I tried to look for the answer on my charts but its just too complicated. What do you think?
The Sunday bar will give some false signals but you can easily spot them and work around it.

My main gripe was that it through off the ATR. I use 70% of a 20 period ATR as a stop. With an extra two hour bar on Sundays it skewed the totals. You end up with 3x 2 hours bars with low volatility in a period of 20 days.

Quoting jaree
Also i have another question for you if you dont mind answering

You said you will take a trade after it cross RSI 50 line... Suppose you get long signal from RSI crossing MA but its under RSI 50 you wont take the trade but after like a day or two price continue to move in right direction of the cross and then it cross RSI 50 too will you enter that trade? and what time as soon as it cross RSI 50 or with new daily. Any help would be appreciated
Once the RSI has crossed the MA if it isn't above/below the 50 level I allow one extra day. I would enter at the end of the day as usual.
  • #167
  • Apr 24, 2007 2:15pm Apr 24, 2007 2:15pm
EUR/CAD cross anyone? That strong bullish move might be because of canadas interest rate that came today

USD/CAD

EUR/AUD


Anyone taking any of the above or any other cross ?
  • #168
  • Apr 24, 2007 2:36pm Apr 24, 2007 2:36pm
Quoting jaree
EUR/CAD cross anyone? Already long using 4 hour method

USD/CAD already long with 4 hour

EUR/AUD long since last Wednesday...............currently 250+ pips!


Anyone taking any of the above or any other cross ?
..
  • #169
  • Apr 24, 2007 3:58pm Apr 24, 2007 3:58pm
interesting.. i followed the 4 hr thread only in passing...are ur charts set to 4 hr as default now



Quoting BeachBum
..
  • #170
  • Apr 24, 2007 7:10pm Apr 24, 2007 7:10pm
I am new to Forex factory and the Forex. I would be interested in joining the Fozzy evening discussion group. What is the proceedure please ?
  • #171
  • Apr 24, 2007 8:27pm Apr 24, 2007 8:27pm
Hi maric.................I've been here since the early days of Fozzy trading, and I'm not aware of any "Fozzy evening group discussion".... Where did you get this idea?

Quoting maric
I am new to Forex factory and the Forex. I would be interested in joining the Fozzy evening discussion group. What is the proceedure please ?
  • #172
  • Apr 24, 2007 8:29pm Apr 24, 2007 8:29pm
NO...............as explained in the other thread, I sometimes use the 4 hour chart for an early signal and entry. It's all spelled out in a series of posts.

Quoting coolshades
interesting.. i followed the 4 hr thread only in passing...are ur charts set to 4 hr as default now
  • #173
  • Apr 25, 2007 10:02am Apr 25, 2007 10:02am
bet you are in the cadjpy based on 4 hr..

Quoting BeachBum
NO...............as explained in the other thread, I sometimes use the 4 hour chart for an early signal and entry. It's all spelled out in a series of posts.
  • #174
  • Apr 25, 2007 4:57pm Apr 25, 2007 4:57pm
Absolutely................it booked 40 pips for me before the down-turn.

Quoting coolshades
bet you are in the cadjpy based on 4 hr..
  • #175
  • Apr 26, 2007 11:38am Apr 26, 2007 11:38am
PLease count me in.
  • #176
  • Apr 26, 2007 11:40am Apr 26, 2007 11:40am
In what?

Quoting maric
PLease count me in.
  • #177
  • Apr 26, 2007 2:19pm Apr 26, 2007 2:19pm
I am thinking of moving to IBFX for few reason. Does anyone here use fozzy on IBFX and what is their timing and do they have sunday bar if anyone know
  • #178
  • Apr 29, 2007 9:06am Apr 29, 2007 9:06am
G'day Jaree,

Quoting jaree
I am thinking of moving to IBFX for few reason. Does anyone here use fozzy on IBFX and what is their timing and do they have sunday bar if anyone know
I use IBFX with the Fozzy EA. I am quite happy with the performance thus far (about 2 months or so) but that Sunday bar is a pain in the arse! You pretty much have to delete it manually and base you trades for Monday without it otherwise you WILL get false signals. After Tuesday though it plays no real part.

Cheers,
Art...
  • #179
  • Apr 29, 2007 9:59am Apr 29, 2007 9:59am
Quoting Artamon
G'day Jaree,


I use IBFX with the Fozzy EA. I am quite happy with the performance thus far (about 2 months or so) but that Sunday bar is a pain in the arse! You pretty much have to delete it manually and base you trades for Monday without it otherwise you WILL get false signals. After Tuesday though it plays no real part.

Cheers,
Art...
I dont think so, it might give u some chance to win as well. no one can really tell the next signal gonna be a right or wrong one.
  • #180
  • Apr 30, 2007 5:46am Apr 30, 2007 5:46am
G'day feeder,

Quoting feeder2000
I dont think so, it might give u some chance to win as well. no one can really tell the next signal gonna be a right or wrong one.
Obviously this is the case. But how many trades have you entered where the Sunday bar was the cause of the cross (because without that bar there there was NO cross) and had that trade go against you? Me, I think I've documented a few during the first couple of weeks of trading. I now don't trade Mondays unless I think it looks promising in spite of the Sunday bar.

My point was that the Sunday bar can and HAS caused false Fozzy signals to be triggered. I'm not in this to leave trading decisions to chance.

Cheers,
Art...
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