Fozzy, I like many others would like to thank you profusely for starting this thread. Your method has brought a sense of confidence and reward to my fx trading. Regarding your take profit I have been setting a market/trail stop with MBTrading(demo) ...

The Daily Fozzy Method

Fingotrader, The name of this thread is THE DAILY FOZZY METHOD... You need to start a new thread THE FOUR HOUR FOZZY METHOD. I would like to read it if you get it going.

The Daily Fozzy Method

Accrete, Thanks, I appreciate your comments. I have been on the FX path for almost a year using demos and trading micros @Oanda and it has taken me this long to get a sense of owning a system.

The Daily Fozzy Method

BB, Thank You! I got it!

The Daily Fozzy Method

BB, Wonderful results! The next best thing would be if you are getting these results as you hang out at some beach preferably in Thailand(my personal choice). Could you be so kind as to explain in more detail how you determine your S/L using ...

The Daily Fozzy Method

Accrete, Thanks for your reply. I have been questioning in my head the purpose of the 30/50/70 levels on the RSI indicator with the Fozzy since the BB bands seem to me to serve the same purpose. Correct me if I am wrong on this. I have kept the 50 ...

The Daily Fozzy Method

Accrete, I was comparing the sma/ema's with the daily charts for the eur/usd pair and it seems to me that the BB middle band with the sma in place tend to fluctuate more away from the RSI 50 than with the ema. Do you know why? Thanks

The Daily Fozzy Method

Londoner, They are legit question but I would respectfully suggest to you that you read this whole thread. I believe that will help with your questions. It has been my experience that there a lot will depend on assimilating information and using ...

The Daily Fozzy Method

Londoner, It has been stated on this thread that the daily is what was intended per Fozzy but others may have tried different timeframes. I guess the first question you should ask yourself is what kind of trades to I want to be involved in? ...

The Daily Fozzy Method

Hello, Stock/Trade/BB... When backtesting,why am I showing a chart not showing the original Fozzy indicators? Is there a way to show them? Sorry if this is a knucklehead question. I have read the MT4 tutorials but using MT4 and EA are a new things ...

The Fozzy EA

Hello, What a great thread! Ok, in my last post I mentioned that I use the last weekly candle(h/l/c) to come up with a pivot line with 3 resistance and 3 support lines. I used them to help figure out my tp's, sl's and trail stops for the coming ...

The Daily Fozzy Method

Hello, Right On Jacko!!!! Man, thanks for bringing back some of the reasons why I am involved with FX. I want to add a #6 if I may... May I? Ok... #6 YOU CAN TRADE FROM JUST ABOUT ANYWHERE ON THE PLANET! Just imagine.... take your laptop ...

The switch from hourly to daily...and the psychological ramifications...

Thank you Stockwet and Paul2 for your perspective. This is a forum full of well intended people....not like others that I have come across where the first piece of info is to mock you with sarcastic remarks or even right down disrepectful.

The Daily Fozzy Method

Hello, Paul2, yes, I am beginning to believe that it is better in the long run but what if you have an active trade? Do you close it and then go back in after things settle down?

The Daily Fozzy Method

Hello, Thanks Stockwet for trying to keep this thread on the original track. I would be very interested in discussing what Fozzy people do with an active trade before/during/after major news releases. Also what do others do to avoid the natural ...

The Daily Fozzy Method

FXOpportunist, Do you ever use the Trail Stop order type in MB what would be the difference between that type and Market Trail Stop? I have been using their demo platform for a couple of months and sometimes it is a bit confusing to me with all the ...

Brokers with automated trailing stops?

BBum, Thanks for the heads up... so I guess StrategyBuilderFX must be GMT+1 because my new daily bar will start at 5:00pm Eastern Standard Time here in Naples, Florida. Please correct me if I am incorrect. Thanks

The Daily Fozzy Method

Hello, I just want to clarify that it is my understanding the StrategybuilderFX's is gmt+2 so a new daily candle in est in the u.s would form @ 5pm today.

The Daily Fozzy Method

Eur/Usd.. searching for Stop/Loss strategy — Hello, My motivation was to find a way to determine a stop/loss strategy as a foundation for trading the Fozzy with the euro/dollar pair. So this is what I did: 1. I put vertical lines on the daily ...

The Daily Fozzy Method