So these are all 4-hour trades? What fozzy variant are you using? In other words, are you filtering out any crosses?

FOZZY Method CROSSES

Thoughts on winning percentage — It's too early to draw any firm conclusions, but I am a bit surprised by the relatively low winning percentage of my fozzy trades. This is not a complaint - overall, my fozzy trades are profitable so it's hard ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4586 = stopped out @ 1.4586 (+250) (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 = stopped out @ 2.4304 (+69) (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0849 (F) Buy 1 GBPUSD @ 1.9866, SL @ ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update (new trades in bold): (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4586 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0849 (F) Sell 1 EURGBP @ 0.6810, SL @ 0.6788 = closed @ 0.6782 (+28) (F) Buy 1 ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update (new trades in bold): (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4586 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0849 (F) Sell 1 EURGBP @ 0.6810, SL @ 0.6788 (F) Buy 1 GBPUSD @ 1.9866, SL @ ...

Bytebodger's Pip-Burning Journal

There is really no right or wrong answer to these questions. The important thing is that you pick a trading style and stick to it. If you are more conservative, you will probably want to wait until you see very clear crosses. This will keep you out ...

The Daily Fozzy Method

Fozzy Trades Running Total: -249 Winning Trades: 1 Losing Trades: 6 I've only been doing the fozzy trades since the Thursday before last. -249 is the running pip total for all the closed fozzy trades. There is one closed winner and six closed losers. ...

Bytebodger's Pip-Burning Journal

Weekly status check — I've decided to start tracking my weekly MTM value. This is now the 3rd week of this journal and results look like this: Starting capital: $2,824.71 Week 1: $2,392.58 Week 2: $2,503.07 There are a number of stories to be ...

Bytebodger's Pip-Burning Journal

Bodger Bylaw #3 — Trade all signals. If you are trading short timeframes, trade during defined periods and trade all signals during those periods. If you are trading longer timeframes, do not skip time periods and trade every signal that ...

Bytebodger's Pip-Burning Journal

Thanks for the words of encouragement. That -249 number is since last Thursday - but that is more than a bit misleading. I'm currently sitting on ~500 pips of open fozzy profits. But since I just started doing this accounting, only one of the ...

Bytebodger's Pip-Burning Journal

Bodger Bylaw #2 — Trade all signals. If you are trading short timeframes, trade during defined periods and trade all signals during those periods. If you are trading longer timeframes, do not skip time periods and trade every signal that ...

Bytebodger's Pip-Burning Journal

Bodger Bylaw #1 — Trade all signals. If you are trading short timeframes, trade during defined periods and trade all signals during those periods. If you are trading longer timeframes, do not skip time periods and trade every signal that ...

Bytebodger's Pip-Burning Journal

Bodger Bylaws — I've been saying for a while that I want to create a list of quantifiable rules to govern my trading. I have done this, in bits and pieces, on my own hard drive, but this has proven to be a moving target. I think a project like ...

Bytebodger's Pip-Burning Journal

Signal differences — OK, I know that I shouldn't obsess about it, but this was totally driving me nuts. I mean, why should you and I have different signals if we're both essentially keying on the RSI/MA cross? I figured it out. I forgot that ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4641 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0876 (F) Sell 1 EURGBP @ 0.6810, SL @ 0.6788 (F) Buy 1 GBPUSD @ 1.9866, SL @ 1.9792 (F) Sell 1 ...

Bytebodger's Pip-Burning Journal

Hey coolshades, The trades with (F) in front of them are fozzy trades. The trades with (A) in front of them are ADX trades. Occasionally, I get a fozzy signal and an ADX signal simultaneously. As you can see, I am accounting for the performance of ...

Bytebodger's Pip-Burning Journal

How do you assess your account value? — As I get more accustomed to trading dailies, I am noticing that there is quite a difference between my real-time (MTM) account value, and the accounting performance of my closed trades. This is logical ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4641 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0876 (F) Buy 1 GBPJPY @ 239.50, SL @ 240.49 = stopped out @ 240.48 (+98) (F) Sell 1 EURGBP @ 0.6810, ...

Bytebodger's Pip-Burning Journal

FWIW, I am using ATR(50) * 0.7 for my stops. This seems to be working well, although there is no such thing as a perfect stop. My EURUSD trade from a few days ago was about 50 pips in the green then went through a 100+ pip reversal which went JUST ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update (new trades in bold): (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4641 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4306 (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0876 (F) Buy 1 GBPJPY @ 239.50, SL @ 240.49 (F) Sell 1 EURGBP @ 0.6810, SL @ ...

Bytebodger's Pip-Burning Journal