I noted a Bearish outside bar at resistance on 2-1-07. It screams SELL!!!! So - that is what I did. Still in the trade and it tastes like chicken. It came with some risk becuz it is against the prevailing trend - but we are in a sweet range.... ...

Jacko's Forex House of Pleasure and Pain

The Official WORST — I am surprised no one hit it yet. It is simple,and practiced by many - First, take a trade - any trade, it does not matter what system gets you there. Second, make certain that you do not practice proper position sizing or ...

Worst Strategy!

Exactly right!

Which is the best trading system? (Please read my voting requirements before voting)

The Fozz does not stop here much - although he may lurk.... Which is what I tend to do.... Exit and stop loss. I trade only the daily timeframe - 4 hr rules would likely be different.... Normally, my stop is the far side of the closing bar - plus 10 ...

The Daily Fozzy Method

FWIW - Beach has it correct - Price Action is something you should positvely learn - and that includes paying attention to trendlines. I also stick with the trend (ok - mostly ) as I find that the crosses in agreement with the overall trend ...

The Daily Fozzy Method

Fozzy Rules — Ahhhh - have not posted much recently. Time for a rant. Were you expecting to see a list of Fozzy Rules here? Not a chance - the first 10 pages or so have it all. Got to tell you - The Fozzy RULES! It is an easy way to get a ...

The Daily Fozzy Method

That wasn't nice. Funny and likely true, but not nice... If I may expand a bit on Ed's words (and pay close attention to his words - he may have given you the best advice you'll ever get!). Read the threads. Read all of it. Do your own ...

Best Pairs !!!

Ditto that. (There is no such train!) Recently I did a carefull study of a single pair from Jan 06 to Aug 1 recording every cross and setting SL/TP according to my personal rules. The pair was GBPUSD. It yielded 4200 pips to the positive and a 55% ...

The Daily Fozzy Method

Keeping the 4hr fozzies on the 4 hour thread? — If we keep the 4 hr on the 4hr thread and daily here, it makes it an easy to use reference. Please - follow the organizaiton of the threads?

The 4 Hour Fozzy Method

Time Zones and Trading — Thanks for the post beach. It confirms a suspicion I've held. I am surprised at eh GMT 0 numbers. I did not expect that. But closing your candle at the close of the NY session is very sensible. I had never bothered to ...

The Daily Fozzy Method

True! — I thought I was the only one who noticed that! The last few weeks have been great. It has been as easy as falling off a log! There has been some flatness - no doubt. Summer doldrums? I guess that is where PA comes in. Nothing like ...

The Daily Fozzy Method

Yep. Excellent.

The Daily Fozzy Method

USDJPY Update for Tiki — How about an update? It came all the way down to the fib/support confluence - formed a Pin Bar on the 4 hr chart and it headed up. Can't call it prognostication, and the day is not yet over (it is only 9:30AM EST and ...

james16 Chart Thread

Got it. Forward testing is even better!

The Daily Fozzy Method

Maybe. This is the third recent test of a Support, so buyer (seller in this case) beware. Personally, I'd like to see it finish cleanly below 120.75 first. I also like to see the close of the BEOB be lower on the bar. The support is at the ...

james16 Chart Thread

Takes more than reading my friend! This method is darn good, but like any other, it will require practice to make it ingrained. Until you get some time and use of it under your belt, it is just a bunch of words. In fact, you'll begin to notice that ...

The Daily Fozzy Method

Read the thread. It is in there.

The Daily Fozzy Method

Cherry picking your post - and how true these two sentences are. I find that it does take some time to internalize things that you read about here from the postings of a few *really good* traders. It all seems to make sense, but until you learn to ...

james16 Chart Thread

Thanks for the nice words. Took a short vacation, but I've been a daily lurker. Just starting a re-read of the main threads again after a few months of doing the Foz. Amazing how much you pick up after some practice. I add in what I've learned from ...

The Daily Fozzy Method

But Mr Bum, we all wish to get rich fast, and without effort! Seriously folks - do your homework. Read the thread - it is a wealth of information. I am sure if BB has the gumption to become a personal tutor, he will, without a doubt let you know. ...

The Daily Fozzy Method