If I were to write the "equal bar" rule into a program (and I'm no programer!) I would format it into something like this: Note: I would use 4 bars. Bar 1 is the current bar. Bars 2 and 3 are the "equal bars". Bar 4 is the bar before bar 3 which we ...

Trend Hugger System

Equal Bars. — Heres my understanding of the "equal bars" rule: I'll use an example for going long: If the OSMA trend is down; followed by two bars of equal value; and now the current bar is up (meaning that it is higher than the two equal ...

Trend Hugger System

Trading Plan — Here's a copy of my trading plan from this system if anyone wants it. I've read the thread and believe I have incorporated all posts by TK. ------------------------------------------------------------------------ Trend Hugger ...

Trend Hugger System

Yeah, I took that one. This was/is my first Fozzy trade after reading the whole thread. I based my trade on the Fozzy cross (obviously), the pin bar formation, retracement to the 38.2 fib line, and solar wind approaching the zero line. Price also ...

FOZZY Method CROSSES

You would exit and enter a new trade in the opposite direction. There are only two ways to exit a trade - either your stop loss/trailing stop is hit or you get a reverse signal. I agree that we need a filter for ranging markets. Some say that by ...

Trend Hugger System

I definately agree. TK's system works fine as it is. The purpose of using nanningbob's strategy is to minimize the risk. (i.e. the 50 pip stop). According to nanningbob, he will enter a trade with a very small stop loss (10 pips) as long as his ...

Trend Hugger System

Hmm. On my chart I get the stochastics dropping from overbought levels at 6:30 GMT (after the close of the first down OsMA bar). At that time the moving averages crossed and the 5 MA was at 228.50. According to nanningbob we would place our stop ...

Trend Hugger System

Additionally, had we been stopped out from first trade and re-entered on next downward cross we would have been stopped out on the next bar and finally on the third downward cross at 228.18 we would have re-entered and would now be sitting on a 57+ ...

Trend Hugger System

Gotcha. I just finished reading his posts throughout the entire thread. I like what he says. Essentially, when applied to this method we would wait for the OsMA signal (color change) then drop to the 1 or 5 minute chart and look for a 1 MA to cross ...

Trend Hugger System

billbss Sounds like it could be a good filter for the new "two equal bars" rule. Though I don't know if I would use a 1 MA and 5 MA on such a volatile pair as GBP/JPY. Maybe a 3 SMA and 8 SMA based on HLC/3 (pivot point moving averages) would be a ...

Trend Hugger System

Fiveshorts, looks to me like a valid entry and if it hadn't moved up at least 150 pips prior to continuing its downtrend then it looks like you would have had a 50 pip loss. Oh well, next trade!

Trend Hugger System

I'm no expert but it sounds like he's saying that if the current bar is down (but hasn't closed) and the previous two bars are of equal value (in this case 0.396 I think) then he will exit because normally the second bar of the two will readjust ...

Trend Hugger System

Me Too. — I jumped in short at 228.47. I didn't know we were supposed to wait for the close of the bar! I also noticed the double top and price closing below 10 SMA which I think is a nice confirmation of a downward move.

Trend Hugger System

Correct? — Let me see if I got this one down. According to this system I would have taken each of these 20 entries (one at each color change). Furthermore, if I had any open positions I would have exited them and initiated a new trade in the ...

Trend Hugger System