Hi aparsai, The only modification I have made to the method that I originally posted is in the area of taking profit. I am now using the Vegas tunnel and fibs as potential profit taking points. However, it is very much discretionary on my part. I do ...

The Daily Fozzy Method

Hi nutmg12, I too got a long signal and took the trade on 14th. I took profit at Vegas tunnel for a profit of 56 pips. Cheers Fozzy

The Daily Fozzy Method

Hi alcastro, Unfortunately I am not drinking margaritas on my yacht although it does seem like a good goal to aim for. I'm sure I could get used to that lifestyle...... I still read all the posts on this thread. As I've said before, this idea has ...

The Daily Fozzy Method

Hi BeachBum, I may have started this thread but you have taken it to the next level. Your tweaking of the system to suit your way of trading is a great lesson for everybody on how to adapt an idea until it matches you and your trading circumstances. ...

The Daily Fozzy Method

Hi Mazdak, Yes I'm in long @ 119.32. Now at +19 pips. Hope it keeps going. Cheers Fozzy

The Daily Fozzy Method

Hi Steve, No, I haven't really found a consistent way of taking profit. I have recently been trying something different. I use the same trailing stop method. Now, however, I use two lots and take profit for one lot at Vegas levels and let the other ...

The Daily Fozzy Method

Hi all, Just dropping in to this thread after returning from 2 weeks vacation. Gee you guys have been busy. The thread has almost doubled in the last couple of weeks. BeachBum, Fantastic work with your modifications to the system and your many ...

The Daily Fozzy Method

Hi Guys, Please don't worry about hijacking "my" thread. It ceases to be mine as soon as it's posted. The contributions have been excellent and I'm reading them all with great interest. It would appear that some traders are having success with this ...

The Daily Fozzy Method

Hi all, Thought I'd drop in to post a new trade that I have entered this morning. I am expanding my horizons a little and looking at additional pairs to trade. I've recently been doing some backtesting at it would appear that this method works with ...

The Daily Fozzy Method

Hi Stricko, ema Cheers Fozzy

The Daily Fozzy Method

Hi Daveo, I know exactly what you mean about being taken out early. My USD/CHF trade closed me out at breakeven yesterday and overnight went on to make +89 pips. There is a difference between not winning and losing. The way I look at it is at least ...

The Daily Fozzy Method

Hi Se[v]en, Glad to hear you are winning on JPY & CHF trades. Sound like you are doing the right thing. As smjones said "trail your stops and let the market take you out when it's ready. Cheers Fozzy

The Daily Fozzy Method

Hi all, This is exactly what I do, let the market take me out when it's ready. The following chart updates the trade on EUR/USD taken 19 Sep (AEST). It is finally making some money after a few days. Now I'll just let it ride. Cheers Fozzy

The Daily Fozzy Method

Update on EUR/USD trade. Could also have opened another position this morning (AEST), however I am still in the trade from 19 Sep as my stop has not been breached. Cheers Fozzy

The Daily Fozzy Method

Hi pingpong, Thanks for the suggestion. I've started trying a multiple lot strategy, exiting half at 50 pips and letting the rest ride, but I am always looking at other options. Appreciate your thoughts. I only trade daily charts. I find the ...

The Daily Fozzy Method

And another

The Daily Fozzy Method

Hi all, A of screenshot of a current trade. Cheers Fozzy

The Daily Fozzy Method

Hi Xerof, Thanks for your suggestions. Trading with multiple lots would appear to be the way to go. Now it becomes a balancing act to work out at what levels to exit. I will start with 2 lots, exiting 1 at 40 pips and lettin the other one ride at ...

The Daily Fozzy Method

Hi mrkam, I am reluctant to reveal total pips won/lost with this system as it is not relevant to anyone else but me. As a newbie trader myself, I know it can be quite tempting to change methods whenever you see someone touting that their system ...

The Daily Fozzy Method