I appreciate some people would want to try to refine this method. I've been playing around with it from the start as a secondary method to my fozzy trades. I tried different filters, RSI bands and so on to try to keep me out of whipsaws but you ...

Part Time Wealth Building Trading System

I remember when I used to use the DailyFx forum that there was a guy named JohnGfx who pretty much had this pair down. He used the ichimoku indicator primarily (kijun and tenkan lines). Go there, look at the (weirdly enough) GBP/USD forum from about ...

Any good systems for Gbp/jpy?

I used to be with FXCM. If you are using the no dealing desk option then the quotes will vary from the charts. If you're not, I can't think why.....never had this problem myself.

FXCM Discussion

WTF? what's happened to all the posts?

PipStalker EA

Let's see how it goes.... thanks for sharing. Can you post a chart detailing the method a bit more? Cheers

PipStalker EA

tdion, Ok, well my computers on 24/5 anyway forward testing some other strats so I'll open up a E/U, G/U and G/Y. Take it you're looking at SL and TP at 40?

PipStalker EA

Hey mate, what's your modelling quality on that last backtest? As with all EAs, forward testing is a must - I may put this on a chart for a month to see how it plays. Do you see yourself refining this in the near future?

PipStalker EA

new long — I've just taken a geppy long primarily due to the bounce off the daily pivot line and the Gbp/Usd hitting a trendline - if that goes up it'll probably drag geppy up with it. Stops are at 235, no t/p. The trade's a bit risky ...

Daily GBP/JPY analysis

From the BBC website: Rates expected to stay the same but chance of a surprise. Article is here: url

GBP Rate Decision

Hi there, I've decided to step back and demo trade fozzy for a while. The changes I've made for this are to: a) take every trade. b) set no target point c) set the stops at 50% ATR(20) or the previous day's high/low if it's close enough. The stop is ...

My Daily Fozzy Trades

Bit late posting today - late night last night but did manage to drag myself out of bed at 8am to put trades on. Got whipped about with USDCAD yesterday and lost 51 pips. Bit annoying that GBPCHF came so close to my order then shot up. Has not been ...

My Daily Fozzy Trades

no signals today. USDCAD is down slightly, GBPCHF order was not hit so deleted. Ho-hum.

My Daily Fozzy Trades

Trade 6 GBPCHF one lot entry order@ 2.4040 s/l: 2.3952 t/p: 2.4150 not happy at taking opening price on this as 80%atr stop would be above yesterday's high. Trade 7 USDCAD one lot price: 1.1763 s/l: 1.1712 t/p: 1.1828 rejoining the strong uptrend ...

My Daily Fozzy Trades

stopped out out USDCAD for 59 pips, 2 lots so -118 in total. Have to look at the validity of taking two lots against an established trend - live and learn. That's why I'm doing this journal. I'm sure other fozziers are doing better, usd/chf worked ...

My Daily Fozzy Trades

I don't take trades with a reward:risk ratio less than one - you're putting a lot of pressure on the method to be right. Like I said, I'm using 80%(atr) for my stops BUT if this means being inside a significant high/low, I like to wait for a retrace ...

My Daily Fozzy Trades

TRADE 5 USD/CAD Sell@ 1.1732 target: 1.1668 on 1st lot : 100%ATR(20), 2nd lot has trailing stop of 80%ATR(20) s/l: 1.1783 : 80%ATR(20) Taken 2 lots as it's coming off important vegas fib level, solar wind is nearing a cross, rsi is overbought. This ...

My Daily Fozzy Trades

Excellent work will, been following your comments on the main thread too. Please keep posting here with your reasons for taking trades. Like you, I'm wary of shorting the yen at this point, gbp/jpy more so than usd/jpy. I'll be looking to get long ...

My Daily Fozzy Trades

I use metatrader with alpari demo. You should've got those crosses - eur/jpy & chf/jpy were on the 4th.

My Daily Fozzy Trades

yes, ATR is average true range. just call it up in metatrader, put in the indicators window, set colour to "none" and you'll get the figure for ATR in the top left hand corner. I use ATR(20) - about one month of data. Like I said, I use 100%ATR for ...

My Daily Fozzy Trades

Looked at the charts today for the first time this year, there were some juicy fozzy crosses on the majors yesterday which are all profitable. Of the crosses, eur/jpy and chf/jpy are doing well. Hope you got in on them. My rules prevent me from ...

My Daily Fozzy Trades