And once again another poster just proves my point. Did I ever say that you don't have to figure it out for yourself??? NO. Did I ever say that I will start trading it on a live standard account just because 5 others say they are making 5%??? NO. ...

how successful has fozzy been to you

Um, you ARE joking, right??

Bytebodger's Pip-Burning Journal

I have to say that I love being a part of this site because the feedback from others is so unbelievably open and helpful 99% of the time. Do you want to know the 1% of the time when I have found that members routinely provide nothing but curt ...

how successful has fozzy been to you

Simple does NOT equal easy — In keeping with my previous post regarding Way of the Turtle, I wanted to share something incredible that I read this weekend that really hit home. Curtis Faith, a trader who has attained almost mythical status as ...

Bytebodger's Pip-Burning Journal

Way of the Turtle — I have just recently begun reading a book called Way of the Turtle. It's written by Curtis Faith - the most successful of the wildly successful group known as the Turtle Traders. First, if you don't know who the Turtle ...

Bytebodger's Pip-Burning Journal

Actually, there is a VERY good reason for them to care about the pricing model. They make money "no matter what" only when they have covered both sides of the position. Take this analogy: Let's say that I am offering baseball moneyline bets. On one ...

Oanda Box Options

You've lost me there. If you can't derive any information from that, then this indicates that there is no correlation between their payout and the likelihood of achieving that payout (meaning that it's essentially random) then you could take ...

Oanda Box Options

Early trailing stop results — Last night was the first time that I put trailing stops in place on my orders. I'm still not very happy with my winning percentage, but at least some of my losses are getting cut short. EURUSD was originally ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0787 = stopped out @ 1.0737 (+158) (F) Sell 1 AUDNZD @ 1.1271, SL @ 1.1285 (F) Buy 1 EURAUD @ 1.6438, SL @ 1.6367 = stopped out @ 1.6383 (-55) (A) Sell 1 AUDJPY @ 99.60, SL @ ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0787 (F) Sell 1 AUDNZD @ 1.1271, SL @ 1.1311 (F) Buy 1 EURAUD @ 1.6438, SL @ 1.6367 (A) Sell 1 AUDJPY @ 99.60, SL @ 100.15 (A) Sell 1 EURCHF @ 1.6481, SL @ 1.6516 (A) Sell 1 ...

Bytebodger's Pip-Burning Journal

Great explanation. (And great signature ) I don't use Oanda, but I can tell from everyone's explanation what is happening with this proposition. It's called Fixed Odds Trading and it's practiced by several offshore books. Just Google "Fixed Odds ...

Oanda Box Options

I only trade daily right now. But whether you're trading H4, daily, or monthly, it can still be breathtaking to watch your positions get thrown up and down so dramatically in a span of minutes.

FOZZY Method CROSSES

Trade update — Trade update: (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0787 (F) Sell 1 AUDNZD @ 1.1271, SL @ 1.1311 (F) Buy 1 EURAUD @ 1.6438, SL @ 1.6367 (F) Buy 1 GBPJPY @ 241.40, SL @ 240.37 = stopped out @ 240.44 (-96) (A) Sell 1 AUDJPY @ 99.60, ...

Bytebodger's Pip-Burning Journal

I believe this was all tied to Australian news and it was a very bizarre market response. I was watching the market at 9:30 (I have 3 different AUD-short positions) and I watched my open positions go up by +$100 in a matter of minutes - only to ...

FOZZY Method CROSSES

I'm not Canadian so I probably shouldn't bother responding to this because I have NO knowledge of Canadian tax laws (or any other Canadian laws). But what government would tax your losses?

Forex Taxes

That has to be one of the worst suggestions that I've ever heard anyone give out in this forum. Getting bogged down by trying to funnel money through friends/family has a whole mass of potentially-nasty, unintended side effects. If you can't trust ...

Getting flagged after a withdrawal

Trade update — Trade update (new trades in bold): (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0787 (F) Buy 1 GBPUSD @ 1.9866, SL @ 1.9792 = stopped out @ 1.9792 (-70) (F) Sell 1 AUDNZD @ 1.1271, SL @ 1.1311 (F) Buy 1 EURAUD @ 1.6438, SL @ 1.6367 (F) ...

Bytebodger's Pip-Burning Journal

My on-again/off-again flirtation with trailing stops — In the past few months, I have had a rather tempestuous relationship with trailing stops. At times, I have convinced myself that they are massively effective. At other times, I have ...

Bytebodger's Pip-Burning Journal

I don't want to speak for BB, but I understand his statement to mean that my profitability will be greatly improved if I am more aggressive in moving my SL to BE. In other words, anytime you have a position move into reasonably-positive territory, ...

Bytebodger's Pip-Burning Journal

I've only been trading the fozzy for a few weeks, but my results have not been nearly as impressive: url I have perused your attached PDF files with great interest because there is such a discrepancy between our performance. I know that it is not ...

FOZZY Method CROSSES