Hi Jason, Yes that's right. I hit 40 pips, moved my stop to breakeven, only for it to reverse and take out my stop. As I said, three of the trades then went on to go the way my system was telling me they would, but without me in the trade. I think ...

The Daily Fozzy Method

Hi Michael, Since the beginning of July I have made the following trades (on a mini): EUR/USD 8 trades, 3 wins, 1 loss, 4 breakeven GBP/USD 5 trades, 3 wins, 1 loss, 1 breakeven USD/CHF 7 trades, 5 wins, 1 loss, 1 breakeven USD/JPY 6 trades, 3 wins, ...

The Daily Fozzy Method

Hi jarroo, So far this trade looks OK, glad to hear your in too. My inital stop/loss is the high of the previous bar so for this trade it was 118.11. Now the trade has moved >40 pips my stop/loss is at breakeven. If it gets as far as 65 pips I will ...

The Daily Fozzy Method

Hi fxvision, I'm in usdjpy as well but not at yesterdays open. I entered this morning at 117.68. The cross occurred yesterday and I entered at this mornings open. I try not to pre-empt the cross as it is sometimes not reliable. It looks to me like ...

The Daily Fozzy Method

Hi Dial, I wish I had your ability to succintly sum up the situation. Many thanks Fozzy

The Daily Fozzy Method

Hi BeachBum, I haven't tried this method on shorter timeframes primarily because of the timezone I am in. The major trading activity (i.e. London & NY trading) occurs from 5pm to 2am Australian time. During this time I do not have the ability to sit ...

The Daily Fozzy Method

Hi Yellow2, I have no set way of monitoring the charts. If I can I have a quick look at around London opening time and move stop/loss to breakeven if the move is more than 40 pips. If I cannot look at the charts at this time (usually due to my ...

The Daily Fozzy Method

Hi parabolic, I move my stop to break even after 40 pip gain. If the move continues another 25 pips (so 65 in total) I trail the stop. So, for example, if the move has gone 100 pips my stop/loss would be 75 pips. If the move only goes 50 pips and ...

The Daily Fozzy Method

kenari05, The following chart should show what I was trying to say earlier. I missed a few pips but I'm still in the trade. Cheers Fozzy

The Daily Fozzy Method

Hi Summitfx, I haven't traded this pair but it looks from your chart that there was a good short trade at the beginning of Sep as well. I may have to expand my horizons a bit. Cheers Fozzy

The Daily Fozzy Method

Long cross can be anywhere below middle BB and short cross anywhere above middle BB. You'll find that the MA only rarely goes outside the high and low BBs and it tends to happen on the more volatile pairs like GBP/USD. Crosses outside the BBs would ...

The Daily Fozzy Method

If you look at the chart you posted above for the daily candle on 13 Sep the RSI has not crossed the MA. During the day on 14 Sep the cross occurs. If you feel comfortable entering when you see the cross then go for it. The way I trade it is to wait ...

The Daily Fozzy Method

Hi kenari05, I have only tested this on daily charts. The daily charts suit me and my circumstances so I've not looked at other timeframes. But please feel free to try it on any time period you like. Cheers Fozzy

The Daily Fozzy Method

Hi brainjt, The cross did not occur until the 14 sep. I only trade on the open of the next bar after the cross. So, I would go long on the open of 15 Sep. You might not get every available pip this way but you will find the chance of a successful ...

The Daily Fozzy Method

Hi JBB, You are right, long crosses do appear above the middle BB and short crosses below the middle BB. Whilst these often prove profitable I have found that the crosses below the middle BB (for long trades) have a higher probability of success. If ...

The Daily Fozzy Method

Hi Jason, Sorry for not replying earlier. This method uses daily charts because I like my sleep. I will endeavour to respond to all questions but those of you who are not in my timezone (Australia) might not get a response for a few hours. Most ...

The Daily Fozzy Method

Sorry, missed this post earlier. I haven't tried trading with more than 1 lot. Certainly sounds promising. Thanks for the tip - I'll test it out. Cheers Fozzy

The Daily Fozzy Method

Sorry, FF doesn't accept template files as uploads. You can create the template yourself (in MT4) by following the directions provided by Sam1. Cheers Fozzy

The Daily Fozzy Method

Hi diallist, Yes you are right. My initial description was back to front. Sorry for the confusion.

The Daily Fozzy Method

Hi Guys, Thanks all for the comments about my post. accrete, Yes it was you who planted the idea and humble apologies for not acknowledging that by name. I had copied your indicators and saved a chart as a template and had not noted who's idea it ...

The Daily Fozzy Method