I'm sure that my opinion is probably worth even less than you are paying for it. Having said that, you DID solicit comments, so here goes. I've reviewed your attachment and those results are awesome! My biggest worry, based on your message, is the ...

The Daily Fozzy Method

Lots o' crosses — I just scanned the charts for the first time in a while and it looks like it's going to be a busy night of fozzy crosses on the horizon...

FOZZY Method CROSSES

My NZDUSD was stopped out for a 2-pip loss. I closed half of my AUDUSD position at +58 and the other half is still open (currently +50). I am also on EURJPY (+52), GBPJPY (+35), and CHFJPY (+14). My AUDJPY position from last night was stopped out at ...

FOZZY Method CROSSES

Manual backtesting will always be a very personal endeavor — I just want to point out for anyone following this backtesting mini-drama that we are all employing manual backtesting methods. In other words, we are all scrolling our charts back ...

The Daily Fozzy Method

I had a 52-pip trailing stop [ATR(30) x 0.7]. When I woke up this morning it was already stopped out. Looking at the chart, the price peaked at 1.1240 before reversing during the night. It has now, of course, recovered to a point where it is close ...

FOZZY Method CROSSES

Agreed. Fozzy gave me 3 signals last night - NZDUSD, AUDNZD, and EURGBP. When I woke up, my 0.5 lots of AUDNZD had been stopped out at -43. My NZDUSD is still open and sitting at almost BE. And on EURGBP, 0.3 lots have closed at +24 and I have ...

FOZZY Method CROSSES

Well, for my own selfish interests, I hope you're wrong.

FOZZY Method CROSSES

A bank's willingness to make loans is not indicative of the overall availability of money. Banks make money by lending it out and collecting interest, so they will want to make loans whether the interest rate is 1%, 100%, or anywhere in between. ...

Um, what just happened in New Zealand?

Today's NZD crosses? — I'm just curious what everyone decided to do with today's crosses on NZD. I have fozzy signals on AUDNZD and NZDUSD. I don't normally ask for public confirmation on crosses that I can see clearly in front of me, but I'm ...

FOZZY Method CROSSES

You have some of your equations backward. Lowering interest rates INCREASES the money supply. Raising interest rates makes money HARDER to acquire. Would you find it easier to get a car/home loan if the interest rate was 1% or 20%?

Um, what just happened in New Zealand?

Thanks to everyone for the great explanations! I knew that something must have happened. Maybe next time I'll be on the winning side of that move...

Um, what just happened in New Zealand?

EURGBP was closed by a trailing stop.

FOZZY Method CROSSES

I got the cross. FWIW, I also traded: Sell AUDNZD Sell EURCAD Buy EURCHF Buy GBPCHF Buy USDJPY For the time being, USDJPY is the only one sitting in negative territory, but there's a long way to go on these trades...

FOZZY Method CROSSES

Forex is NOT a zero-sum game! — I really shouldn't bother with these theoretical discussions, but I always end up gritting my teeth whenever I hear this old, tired, FALSE mantra. Forex is NOT a zero-sum game. Markets in general, are NOT ...

Is trading Forex immoral??

To be clear, you don't have to convince me that trading is moral. There is ABSOLUTELY NOTHING immoral about trading. Having said that, I feel that I have to take you to task on this one statement. The staying power of any given endeavor does not ...

Is trading Forex immoral??

I'm on it.

FOZZY Method CROSSES

This is not yet close to a cross on my charts.

FOZZY Method CROSSES

A few more thoughts on this: I have noticed that many people seem to think of trading on the daily charts as being analogous to long-term trading. I firmly believe that just because you trade based on a daily chart, doesn't necessarily mean that you ...

The Daily Fozzy Method