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Interested in becoming a Fozzy-style trader?

  • #41
  • Oct 30, 2008 10:32am Oct 30, 2008 10:32am
Im Using PA and Fozzy 4H on USDCAD went long after DBLHC and RSI cross over MA. I got lock in profit and still watching...

I don't know why I cant attach any pictures here...

Ill be trying to show you this trade...

Take care...
  • #42
  • Oct 30, 2008 5:28pm Oct 30, 2008 5:28pm
Today I went long on USDCAD Using price action and Fozzy 4H for 114 pip profit.!!

PS. Still can't upload pictures...
  • #43
  • Oct 30, 2008 6:28pm Oct 30, 2008 6:28pm
Nice PB into the 61.8
Attached Image (click to enlarge)
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Those that can, do, those that can't, teach.
  • #44
  • Oct 30, 2008 8:09pm Oct 30, 2008 8:09pm
Quoting pf1966
Nice PB into the 61.8
pf1966, really good one. Did you take it?

Can you sugesst me a good thread to start studing FIBONACCI stuff? Im starting to see the powerfull it is.

Take care...
  • #45
  • Oct 31, 2008 7:20am Oct 31, 2008 7:20am
Well done!

Quoting trujillo1980
Today I went long on USDCAD Using price action and Fozzy 4H for 114 pip profit.!!

PS. Still can't upload pictures...
  • #46
  • Oct 31, 2008 9:19am Oct 31, 2008 9:19am
Quoting trujillo1980
pf1966, really good one. Did you take it?

Can you sugesst me a good thread to start studing FIBONACCI stuff? Im starting to see the powerfull it is.

Take care...
Yes I did. Sold @ 1.2910. Closed out 2/3 @ 1.2700 this morning. Stop now @ 1.2813 for the rest. Watching the 4h now to manage the trade.
Nice bounce on the usd/cad. Interested to see where it closes.
Fibs are very subjective. Traders use them in different ways. Try Fibonacci trading by Bobkus on FF if you want to trade intra day. Neill Hughes (Fibmaster) is considered one the best fib traders around. A google search will find others. Personally I only watch 2 key levels (sometimes the 76.4) and price reaction to them. Better on higher TF. I only trade 4h and usually daily.

Anthony
Attached Image(s) (click to enlarge)
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Those that can, do, those that can't, teach.
  • #47
  • Oct 31, 2008 10:43am Oct 31, 2008 10:43am
This is a trade a entered this morning on NZDJPY using PRICE ACTION AND 4H FOZZY.

I noticed and Doble Bar Low Higher Close (HBLHC) then then I wait for next bar to cross 23.6 FIB. I check RSI going for MA on 4H. Took a look on 1H and noticed RSI was already crossed MA. So I went long over the high of 8:00 EST bar.

This time lock in profit 50 pips...

Please Im just a begginer..BB and pf1966 and others feel free to make your usefull comments...

Take Care...
Attached Image (click to enlarge)
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  • #48
  • Nov 3, 2008 4:24pm Nov 3, 2008 4:24pm
Take your pick.

All rejected 8ema and fib level.

Anthony.
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Those that can, do, those that can't, teach.
  • #49
  • Nov 6, 2008 10:46am Nov 6, 2008 10:46am
Hi,
I'm new to this style of trading but it seems to work quite well. I do have a question though. It looks like there are a few pairs that will have a fozzy cross today (if things stay the way they are) possibly EUR/USD EUR/JPY GBP/JPY & GBP/USD on the daily chart (I'm using FXDD). Assuming these cross today we would wait for the next day to open which would be friday so my question would be do you open these on Sunday if everything looks good or would you wait till Monday close before opening or just skip these daily crosses & wait for the next?
Thanks for any help.
  • #50
  • Nov 6, 2008 11:39am Nov 6, 2008 11:39am
Sorry rbock, but these questions are very subjective. The answers lie in your trading experience and style; your risk tolerance as well as your trading goals. Read, learn, practice and decide how you want to Fozzy-style trade. What works for me or someone else, may NOT work for you.

Quoting rbock
Hi,
I'm new to this style of trading but it seems to work quite well. I do have a question though. It looks like there are a few pairs that will have a fozzy cross today (if things stay the way they are) possibly EUR/USD EUR/JPY GBP/JPY & GBP/USD on the daily chart (I'm using FXDD). Assuming these cross today we would wait for the next day to open which would be friday so my question would be do you open these on Sunday if everything looks good or would you wait till Monday close before opening or just skip these daily crosses & wait for the next?
Thanks for any help.
  • #51
  • Nov 6, 2008 12:01pm Nov 6, 2008 12:01pm
Quoting BeachBum
Sorry rbock, but these questions are very subjective. The answers lie in your trading experience and style; your risk tolerance as well as your trading goals. Read, learn, practice and decide how you want to Fozzy-style trade. What works for me or someone else, may NOT work for you.
Hi BB
Thanks for your reply. I was just looking to see if there was some general guidelines about a fozzy signal that was generated by a Friday close. Reading the E-book & going through your very helpful table of contents threads, I haven't seen (at least not yet) anything about the Friday to Sunday changes. And maybe it's not really an issue. May just wait for the gap to fill & then move forward.
Anyway thanks again and thanks for all that you have put into this method. I like it.
  • #52
  • Nov 9, 2008 10:04pm Nov 9, 2008 10:04pm
Quoting rbock
Hi,
I'm new to this style of trading but it seems to work quite well. I do have a question though. It looks like there are a few pairs that will have a fozzy cross today (if things stay the way they are) possibly EUR/USD EUR/JPY GBP/JPY & GBP/USD on the daily chart (I'm using FXDD). Assuming these cross today we would wait for the next day to open which would be friday so my question would be do you open these on Sunday if everything looks good or would you wait till Monday close before opening or just skip these daily crosses & wait for the next?
Thanks for any help.
Good question, I'm asking myseft the same question.

I hope someone may answer...

Take care...
  • #53
  • Nov 12, 2008 2:45pm Nov 12, 2008 2:45pm
Patience, patience, patience.
I do so hate it when the dailys try to stall the inevitable.
Starts to make me question my decisions.
Took a hit on Euro but got it all back on the next pb.
Not shown all the fibs this time, but you get the idea from one I expect.

Anthony.
Attached Image(s) (click to enlarge)
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Those that can, do, those that can't, teach.
  • #54
  • Jun 15, 2009 2:01am Jun 15, 2009 2:01am
Hi BB

I read many of your posting about the Daily Fozzy with interest. Just that many of the threads are quiet these days. Hope you are doing well in fx trading. I am from malaysia, a new fx trader.

I hope you can direct me to the thread where I can find the indicator for the red and blue dots. I think it is rather useful in this Fozzy.

Thank you for your time and awaiting your advise. Have a great week.

Best Regards
fxpip8
[email protected]
Attached Image
  • #55
  • Jun 25, 2009 3:35pm Jun 25, 2009 3:35pm
Thanks for the book...........Have been trading for a while and I'll probably be totally embarrassed when I see the answer, but you talk about PBs and PA indicators. What does PB and PA stand for? I'm thinkin' PB may mean Pull back??? Am I close. Thanks, dvogted
  • #56
  • Jun 25, 2009 11:51pm Jun 25, 2009 11:51pm
PB = Pin Bar (don't know what this is? research it!)

PA = Price Action


Quoting dvogted
Thanks for the book...........Have been trading for a while and I'll probably be totally embarrassed when I see the answer, but you talk about PBs and PA indicators. What does PB and PA stand for? I'm thinkin' PB may mean Pull back??? Am I close. Thanks, dvogted
  • #57
  • Jun 25, 2009 11:54pm Jun 25, 2009 11:54pm
Did you find it?

Quoting fxpip8
Hi BB
I hope you can direct me to the thread where I can find the indicator for the red and blue dots. I think it is rather useful in this Fozzy.
Best Regards
fxpip8
[email protected]
  • #58
  • Last Post: Jun 30, 2009 12:01pm Jun 30, 2009 12:01pm
Hi, the red and blue dots you are seeing are support and resistance areas. the longer the line of dots the better support or resistance at that level. the indicator in the chart appears to be a barry's sr. there are many different ones you could use. you could also use pivot or fibinacci levels to achieve the same thing.

the pb is called a pin bar also known as a pinnochio bar. you are correct in that it is an indication of a pending pullback or reversal. think of a face and a nose and you will get a picture in your mind, take a series of three bars, a right, left and a center. the right is the rt cheek or eye, the left is the left cheeck or eye and the center bar is the nose. now in theory the longer the center bar grows the deeper the reversal will be. now the rule is the center bar must form within the two side bars and extend past their tops. the two sides bars are normally pretty even with each other with their tops or bottoms. when you see the pin bar form wait another bar or two and you will see a reversal.

you should also be at or near some point of support or resistance at this time which would confirm what you are seeing. if you look at the first chart post where the dates are you can see the pin bars although some may not be long they are there.

if you want to learn more look up the james 16 chart thread on ff you should also read his other threads as he gives some very good information on chart pattern identification.

as for the fozzy method I don't use it so I can't go there but beach bum has posted some good links for more information. I will post the barry indicator for you, just put it in your experts/indicator folder.

happy trading
tom
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 468 downloads
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