OK, I've loaded it up and I think that my Bollinger Band observation was a red herring. Yes, you can put the BBs on the screen, but it doesn't appear to be giving its signals based on that. However, I took a close look at my setup vs. this indicator ...

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 (F) Sell 1 EURGBP @ 0.6810, SL @ 0.6797 (F) Buy 1 AUDJPY ...

Bytebodger's Pip-Burning Journal

That's strange. As I went to bed last night, it occured to me that maybe I was mistakenly using an SMA on the RSI instead of an EMA. One would typically expect an SMA to provide slower signals. However, I checked my charts this morning and I am ...

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 EURJPY @ 163.64, SL @ 163.01 = stopped out @ 163.01 (-63) (F) Buy 1 GBPJPY @ 239.50, ...

Bytebodger's Pip-Burning Journal

See below:

FOZZY Method CROSSES

Hmmm, well, I definitely would have LIKED to have gotten in on that trade yesterday. But as you can see on my chart, the RSI cross wasn't actually confirmed until today. I'm accustomed to seeing different charts based on different providers, but ...

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 EURJPY @ 163.64, SL @ 163.01 (F) Buy 1 GBPJPY @ 239.50, SL @ ...

Bytebodger's Pip-Burning Journal

Ah ha! I hadn't forgotten that your posted results were sans filters. Well then, there you have it! Thanks.

The Daily Fozzy Method

Well, everyone needs to have a personal strategy for setting SLs that suits their trading style. But IMHO, 28 pips is a very tight SL when trading GBPUSD on daily charts. I am currently showing an ATR for GBPUSD of 108. According to my research in ...

FOZZY Method CROSSES

How wide was your SL on this trade? On my charts GBPUSD opened the day @ 1.9745 and never got lower than 1.9714 (-31 pips).

FOZZY Method CROSSES

In all seriousness, there has been talk in this thread on multiple occasions on the relative merits of applying NO filters - blindly trading ALL RSI crosses. Although I remember several people considering this strategy, I don't remember anyone ...

The Daily Fozzy Method

There are many different variations of the Fozzy, but I think that we all agree on one simple thing - a Fozzy trade, in its purest and simplest form, is basically the cross of the RSI over the MA. Whenever the RSI crosses the MA, that is at least ...

The Daily Fozzy Method

Trade update — Trade update: (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4682 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4196 (A) Buy 1 USDCHF @ 1.2274, SL @ 1.2253 = stopped out @ 1.2253 (-21) (F) Sell 1 USDCAD @ 1.0895, SL @ 1.0897 (F) Buy 1 EURJPY @ 163.64, ...

Bytebodger's Pip-Burning Journal

Trade update — Trade update: (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4682 (A) Sell 1 AUDUSD @ 0.8235, SL @ 0.8239 = stopped out @ 0.8239 (-4) (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4196 (A) Buy 1 USDCHF @ 1.2274, SL @ 1.2253 (F) Sell 1 USDCAD @ 1.0895, ...

Bytebodger's Pip-Burning Journal

It's all part of my plan for WORLD DOMINATION.

FOZZY Method CROSSES

Trade update — Trade update (new trades in bold): (F) Sell 1 EURCAD @ 1.4836, SL @ 1.4682 (A) Sell 1 AUDUSD @ 0.8235, SL @ 0.8239 (A) Buy 1 GBPCHF @ 2.4235, SL @ 2.4196 (A) Buy 1 USDCHF @ 1.2274, SL @ 1.2253 (F) Sell 1 USDCAD @ 1.0895, SL @ ...

Bytebodger's Pip-Burning Journal

It will depend on your charting provider. I use FXDD charts and this was my EURJPY setup.

FOZZY Method CROSSES

I shorted AUDUSD 2 days ago and it is currently +42. As for GBPUSD, it looks like it might cross when I get a new bar in a few minutes but even if it does, I will not take the trade.

FOZZY Method CROSSES

I took EURJPY and it is currently -15 pips. However, I also took AUDNZD (-22) and GBPJPY (+56). So overall, I am +19 pips on last night's trades and they are all still open. On my charts, the GBPJPY setup was almost identical to EURJPY, so I took ...

FOZZY Method CROSSES

Risk:Reward in forex — I've been thinking a lot over the last 24 hours about R:R in forex accounts. I don't mean in the traditional sense - maximum risk on any given trade in relation to expected reward on that same trade. I'm thinking more ...

Bytebodger's Pip-Burning Journal