I went back and rewrote my program. Rather than calculating the standard deviation and throwing another number back at you, I decided to provide a list of results that allows you to see the full range of possible retracement values for GBPUSD since ...

The Daily Fozzy Method

That's a good point, and that's partly why I stress that this is an average. For those familiar with statistics, they know that an average on its own can be a very flimsy number. In fact, now that I think about it, I need to go back and re-run the ...

The Daily Fozzy Method

Well, personally I was calculating this data because I am fleshing out the parameters for a completely different strategy - one that looks to catch price breakouts, and I needed to know how much of the reversal in a daily candle could be considered ...

The Daily Fozzy Method

Retracement levels — This isn't really a Fozzy subject, but I have read several times in this thread where people were wondering how much retracement is exhibited by pairs on a daily basis. I completed analysis today that gives me some ...

The Daily Fozzy Method

One more note on this: In a weird way, you CAN capitalize on the small up-turns that are experienced even by a losing position in the fozzy (well, sort of). Everyone here has been talking about setting your S/L at some predetermined level - 40 pips, ...

The Daily Fozzy Method

So far this "system" has yielded one completed trade. Buy AUDNZD on 2007-04-22 @ 1.1190 Stopped out on 2007-04-23 @ 1.1238 Result: -48 Total Winners: 0 Total Losers: 1 Total Pips: -48 Based on last night's crosses, I am also riding the following ...

Confessions of a Pip Loser

First of all, your statement about 90% of trades being positive at SOME time is true of almost ALL trades - whether they are fozzy trades or not. The nature of the markets is such that almost ALL positions - regardless of your chosen strategy - will ...

The Daily Fozzy Method

Greetings — Hello All! I have (finally) finished reading all 131 pages of posts. It has taken me several days but it is amazing info. I feel like I should get some sort of merit badge just for making it through the thread! Hopefully, my "merit ...

The Daily Fozzy Method