Interested in becoming a Fozzy-style trader? - Page 2
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Thread: Interested in becoming a Fozzy-style trader?

  1. #11
    Hi,
    I'm new to this style of trading but it seems to work very well. I do have a question though. It looks like that there are a couple of pairs which will have a fozzy cross now (if things remain the way they are) maybe EUR/USD EUR/JPY GBP/JPY GBP/USD on the daily chart (I'm using FXDD). Assuming these cross now we'd await the next day to open that would be friday so my question would be would you open them on Sunday if everything looks good or do you wait until Monday close before opening or simply skip these daily crosses wait for the next?
    Thank you for any help.

  2. #12
    Sorry rbock, however, these questions are very subjective. The answers lie in your trading experience and fashion; your risk tolerance as well as your goals. Read, learn, practice and decide how you need to Fozzy-style trade. What works for me or someone else, may NOT work for you.

    Quote Originally Posted by ;
    Hi,
    I am new to this style of trading but it appears to work quite well. I really do have a question. It looks like that there are a few pairs which will have a fozzy cross now (if things remain the way they are) possibly EUR/USD EUR/JPY GBP/JPY GBP/USD about the daily chart (I am using FXDD). Assuming these cross now we would wait for the next day to open that could be friday so my question would be do you open these on Sunday if everything looks great or could you wait till Monday close before launching or simply skip those daily crosses wait for the next?
    Thank you for any help.

  3. #13
    Quote Originally Posted by ;
    Sorry, but these questions are very subjective. The answers lie on your trading experience and style; your risk tolerance in addition to your goals. Read, learn, practice and choose how you want to trade that is Fozzy-style. What works for me or someone else, may NOT work for you.
    Hello BB
    Thanks for your reply. I just looked to see whether there was some general guidelines about a fozzy signal that was generated by a Friday close. Reading the E-book going via your really beneficial table of contents threads, I haven't seen (at least not yet) anything about the Friday into Sunday changes. And it's not really a problem. May wait for the difference to fill move forward.
    Anyway thanks again and thanks to all that you have put into this method. I like it.

  4. #14
    Quote Originally Posted by ;
    Hello,
    I'm new to this kind of trading but it seems to work very well. I really do have a question though. It seems like that there are a few pairs that will have a fozzy cross today (if things remain the way they are) maybe EUR/USD EUR/JPY GBP/JPY GBP/USD about the daily chart (I'm using FXDD). Assuming these cross today we'd wait for another day to open which could be friday so my question is do you open these on Sunday if everything seems good or could you wait until Monday close before opening or just skip those daily crosses wait for another?
    Thank you for some help.
    Good question, I'm asking myseft the same question.

    I expect someone may reply...

    Take care...

  5. #15
    , patience, and patience.
    I do so hate it when the dailys attempt to stall the inevitable.
    Starts to make me question my decisions.
    Took a hit on Euro but got it all back on the next pb.
    Not revealed all of the fibs this moment, but you get the idea from one I anticipate.

    Anthony.



  6. #16
    Hello BB

    I read a Lot of your posting Concerning the Daily Fozzy with interest. That many of the threads are silent nowadays. Hope you're doing well in fx trading. I am from malaysia, a new fx trader.

    I hope you will direct me to the thread where I will loe the indior for the red and blue dots. I believe it is useful in this Fozzy.

    Thanks for the time and anticipating your advise. Have a great week.

    Best Regards



  7. #17
    PB = Pin Bar (don't know exactly what this is? Research it!)

    PA = Price Action


    Quote Originally Posted by ;
    Thank you for the publiion....Have been trading for some time and I'll probably be totally embarrassed when I see the response, but you discuss PBs and PA indiors. What does PB and PA stand for? I am thinkin' PB could mean Pull back??? Am I close. Thank you, dvogted

  8. #18
    Did you discover it?

    Quote Originally Posted by ;
    Hello BB
    I hope you can lead me to the thread where I could loe the indior for the red and blue dots. I think it is beneficial in this Fozzy.
    Best Regards
    fxpip8

  9. #19
    Hello, the red and blue dots you are viewing are support and resistance areas. The longer the line of dots that the greater support or resistance at that amount. The indior in the chart is apparently a barry's sr. there are many different ones you could utilize. You could also use pivot or fibinacci amounts to achieve exactly the same thing.

    The pb is called a pin bar also known as a pinnochio bar. You're right in that it is an indiion of alteration or a pullback. Think about a face and a nose and you'll find an image in your thoughts, take a string of 3 pubs, a right, left and a centre. The right is that the rt cheek or eye, the left is that the left cheeck or eye and the center bar is your nose. Now in theory the longer the deeper is grown by the centre bar the reversal will be. The rule is that the centre bar extend past their shirts and must form within both side bars. The 2 sides pubs are normally pretty even with each other using their tops or bottoms. When you find the pin bar type wait another bar or 2 and you will find a reversal.

    It's also advisable to be at or near some stage of support or resistance now that would confirm what it is you're seeing. Should you have a look at the chart post where the dates are you currently may observe the trap bars although some may not be long they're there.

    If you want to learn more look up the james 16 chart thread onforexforum.co.zayou also need to read his other threads as he provides some very good information on chart pattern identifiion.

    Because of its fozzy method I don't use it so I can not go there but beach bum has posted some good links to learn more. I will post the barry indior for you, simply set it in your experts/indior folder.

    Joyful trading
    tom
    https://www.forexforum.co.za/attachm...1934925288.mq4

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