Thanks for the response, Richy - I'm on the same page now. J. PS. I saw a few great episodes of PB during visits to London last year - but when I was over there very recently, I noticed they (the prisoners) were (a) out & (b) being pursued by ...

Good reward/risk ratio experiment

method ? — Hi, richy, & greetings from Amsterdam. I've been enjoying your Fozzy posts - it's good to see others doing well. This thread is also interesting reading and I appreciate your sharing : could you please clarify the method you are ...

Good reward/risk ratio experiment

Hi, grrolwer, I also am more interested in horizontal S/R and have taken off my fib bands (but I also use MTP Decision Points). I encourage you to give this area max focus. Don't delay trading real $ longer than you have to : even if it's microlots, ...

The Daily Fozzy Method

Just find one of willf's posts, click on his name and select "Find all posts by willf" and do a little, light reading.... J.

The Daily Fozzy Method

Thanks for sharing your results / research, Poekmeister - I really appreciate the detail you keep. I take trades both into and away from the tunnel and both with and against the weekly trend, although I always know where these are : I am wondering ...

My Daily Fozzy Trades

With or without discretion ? — Hi, Till, Just to clarify - I leave the Asian session in, ie. I don't end the day with the NY close and then start again at 0900CET. I end at 0858CET. This will not affect the setup, but it could affect the ...

The Daily Fozzy Method

TradeStation — RTJ, I use TS8 and instead of a Daily candle, I use a 1440min intraday candle set to a Custom Session time (because you cannot customise the session for Daily bars; 1440 minutes = 1 day). In my case, the 1440min candle is set to ...

The Daily Fozzy Method

ATR stop — USDCAD ATR (20) on the daily chart is about 70pips this morning, so 70% of that plus 5 pip spread would make a 54 pip stop. Just for comparison - and hoping not to confuse - my ATR stop indicator on the 4hr USDCAD chart is presently ...

The Daily Fozzy Method

Hi, El Cid, I can understand it's a daunting prospect to read through such a long thread, but most of what you're considering has been discussed at length already. So I'd respectfully suggest "Read first, post after" - it will make your ...

The Daily Fozzy Method

This week I took only two trades, both on 31 Jan, both exited yesterday on trailing stops : USDCAD -15 -15 -15 = -45 USDJPY +88 +46 +46 = +180 The USDJPY short was entered based on the RSI break back down through the 20sma and also 60 RSI level (it ...

My Daily Fozzy Trades

MungoFozzy — Hi, Mungo, & thanks for posting your test results. As you have read, I am using both 4hr & 30 min charts as part of my setup, both for fine-tuning entry and also trade management. I like your comment above because trading is ...

The Daily Fozzy Method

Lucca ? .... fantastica... — Now, Beach, you've got me really jealous : Lucca and the surrounding area is so beautiful. I lived in Italy for almost 8 years until family life took me to Amsterdam a couple of years back; I hope we'll move back ...

The Daily Fozzy Method

I'll tell you what Beach, your & Willf's amazing winning % are an inspiration to us all and I take your point about not getting hung up about r/r ratios with Fozzy. I also actively work on the pyschological aspects of my trading & find this not ...

The Daily Fozzy Method

Hi, Howard, All in my post # 252 on the journal thread to which I referred. I am not trading Original Fozzy. BUT if the move had reversed, you could have had a very large giveback : I want to stay in the really big moves whilst not giving back too ...

The Daily Fozzy Method

Stops for winning trades — Hello, everybody, Following the trades to which I referred in a post (# 252) I made over on the Fozzy journal thread (Journal Forum) here : http://www.forexfactory.com/showthread.php?t=11273&page=7 where I described ...

The Daily Fozzy Method

yes, cool, will refer to it when I post about stops... I posted here in response to Lamdun to explain why I had taken the EURAUD trade... which of course is roaring away this morning, along with the GBPCHF short. "Premature exit-ulation" ! J.

My Daily Fozzy Trades

jjFz — I took the EURAUD long at 1.6436 with exits at 1.6490 / 1.6632 / 1.6605 for +419. I only started my 2007 trades this week, having been sitting on a beach in Goa contemplating The Infinite... and of course trading . My new addition to ...

My Daily Fozzy Trades

Beach's post # 1566 above reminded me of this chart someone posted way back when in the earlier days of the Fozzy thread (will post chart as is or within the Word document where I saved it). It shows an interesting angle on RSI levels... so I have ...

The Daily Fozzy Method

stops — Great post, BB. What this tells us is the MAE (Maximum Adverse Excursion) of our winning trades, which is about the most useful thing to know when setting stops....

My Daily Fozzy Trades

ema or sma — Suggest anyone with this question reads accrete's post #9. But it really doesn't matter... sometimes the signal will be the same, sometimes a day earlier or later, sometimes one will keep you out of a whipsaw and vice versa. What ...

The Daily Fozzy Method