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The Daily Fozzy Method

  • #2,801
  • Mar 28, 2011 10:27am Mar 28, 2011 10:27am
The template is in the thread. You can read the posts and/or search the attachments and find it.

You will have to test the currency pairs that interest you and then decide which ones to trade. Only then can you have confidence in the method and the pairs to trade.

Quoting webforex
can anyone post a fozzy template for daily TF here ?

Which pair is best for fozzy daily ?
  • #2,802
  • May 7, 2011 2:52pm May 7, 2011 2:52pm
IMO Fozzy is still working. Look at my charts. I have AOFozzy Singal All, and AOFozzy signal BT. I also use stochastics.
As you see AOFozzy Singnal All generates better signal for me.
The discretionary part to it is adding some simple filters. On my chart there are some averages (13 EMA, 120SMA, 200SMA), this way I skip some entries. The shortest filter is 13 ema.
Another part is to move S to B/E as soon as reasonably possible, and give half of the trade some space to trail. This way we can catch good trends.
See the arrows on my chart - those with crosses under were loosers. Others we into profit or just b/e.

I feel Fozzy RSI is a good system that generates signals mechanically, the trader's job to is to distinguish which ones to take, disregard others.
Not that difficult after couple of years of charting.

Where is the trend? Up? Down? Ranging? Even in range we could take signals if they come at the tops or bottoms of the range.
What are stochastics telling me? Does the price lines up for what looks like just another correction (don't trade these) or does it curve and rolls into what could possibly be a new trend or at least strong pullback - tradeable one.

It is still very robust indicator.
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Paul W
  • #2,803
  • Jul 6, 2011 5:21pm Jul 6, 2011 5:21pm
PaulZW,

Thanks for the informative post. I'm curious if you are still trading The Daily Fozzy Method and if you are pleased with your results. I exploring to find a daily trend trading system that, after some serious screen time, will yield at least 60% wins and risk/reward ratio of 1:2 or better.

Hope you are doing well in your trading.

John
  • #2,804
  • Jul 6, 2011 8:03pm Jul 6, 2011 8:03pm
You are alive!!!

Quoting BeachBum
The template is in the thread. You can read the posts and/or search the attachments and find it.

You will have to test the currency pairs that interest you and then decide which ones to trade. Only then can you have confidence in the method and the pairs to trade.
  • #2,805
  • Jul 7, 2011 7:08am Jul 7, 2011 7:08am
And well.......thank you!

Quoting tdion
You are alive!!!
  • #2,806
  • Dec 10, 2012 6:55am Dec 10, 2012 6:55am
It's a shame this thread died out. There was a lot of good info here along with a simple, effective trading method.

Plus, I'd like to know what happened to Fozzy.
Hi, my name is Barry and you can keep your doctor...
  • #2,807
  • Dec 11, 2012 1:33pm Dec 11, 2012 1:33pm
I agree that this is a simple, effective way of trading. But there are better, more profitable ways to trade. Some of us have moved on to those.

Quoting cisco
It's a shame this thread died out. There was a lot of good info here along with a simple, effective trading method.

Plus, I'd like to know what happened to Fozzy.
  • #2,808
  • Dec 11, 2012 2:25pm Dec 11, 2012 2:25pm
Quoting BeachBum
I agree that this is a simple, effective way of trading. But there are better, more profitable ways to trade. Some of us have moved on to those.
.
Hi BB. How's it hangin'?

I assume you mean your MAX system.
Hi, my name is Barry and you can keep your doctor...
  • #2,809
  • Dec 11, 2012 2:48pm Dec 11, 2012 2:48pm
You are correct!

Quoting cisco
.
Hi BB. How's it hangin'?

I assume you mean your MAX system.
  • #2,810
  • Dec 11, 2012 5:55pm Dec 11, 2012 5:55pm
Quoting cisco
It's a shame this thread died out. There was a lot of good info here along with a simple, effective trading method.

Plus, I'd like to know what happened to Fozzy.
Yes , it's a shame

I was a fozzy method lover,but there is more to explore about Price Action to become profitable in this market.
I'm not saying this to you or BeachBum
this post is more for NEWBIES
Account deleted
  • #2,811
  • Sep 11, 2015 11:24am Sep 11, 2015 11:24am
Is still works this method?
  • #2,812
  • Feb 6, 2016 6:12pm Feb 6, 2016 6:12pm
Quoting Lupo.Nero
Is still works this method?
Nope. don't waste your time. Its repainting indi, works only in Ranging market
No wonder fozzy lost his shirt
  • #2,813
  • Mar 5, 2017 8:42pm Mar 5, 2017 8:42pm
Great method, it work for me
i make money monthly with it
thank for share, bro
  • #2,814
  • Mar 6, 2017 5:22am Mar 6, 2017 5:22am
Quoting charron
{quote} Nope. don't waste your time. Its repainting indi, works only in Ranging market No wonder fozzy lost his shirt
this guys said thisafter your statement lol

  1. thangnd.1211
  2. | Joined Dec 2016 | Status: Member | 115 Posts

Great method, it work for me
i make money monthly with it
thank for share, bro

  • #2,815
  • Last Post: Jul 21, 2018 12:24pm Jul 21, 2018 12:24pm
Hi from 2006, anyone sill trading the fozzy, or whats the best method now please?
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