OzFx System :) 100-800 Pips Per Trade

[OzFx]

Originally Posted by cbarnett808

Hello Ozfx. Many thanks for this system. Needless to say, it resonates with many people, myself included.
I do have a question: On 2/25, one of your picks was short EurJpy. I have metatrader w/ both Alpari and ODL, and both show stochs and AC well above 0, although AC is red. It looks like the short entry is contrary to the rules of the system, and this trade ultimately sailed the other direction. I realize you use an alternative entry strategy based on 4-hour charts but without bringing those rules into this thread, it appears there is no setup for entry this way either. In fact, it looks like this should have been a long (stochs had crossed up and both AC and AO were green on the 4-hr). Perhaps this was a typo?
Any guidance is appreciated, and again, many thanks for your contributions and generosity to date. I'm really trying to understand the 4-hr system and how it relates to the 1-day system.

try reading up on AES Advance Entry Signals (AES) | OzFx Forex System

I don't mix Squeeze-More 4hr with the daily method.

Oz

[OzFx]

Originally Posted by avimanya

Hi OzFx,

Which duration chart is most suitable to use - 5M, 15M...or 4H?

Thanks.

Original Daily method is suitable for Daily charts. There is also Squeeze-More which works on 4hr. Anything below is simply too much noise

[OzFx]

Originally Posted by forexnoob

Well I know its been awhile since I said I would update. I was moving so I had no access to the internet for a little while.

Anyway though I did enter 3 trades starting yesterday and 1 today for a total profit of 250 pips.

I traded EUR/CHF, GBP/CHF, USD/JPY, USD/CAD

I shorted them all starting with EUR/CHF, GBP/CHF, USD/CAD yesterday around 7pm est U.S

Then shorted USD/JPY this morning all for a total of 250 pips.

So far I haven't had the "stones" to carry my trades more than over night and into the next afternoon. SO I may be able to get more profits from these trades ,but tend to close them at the end of the NY session the following day for a substantial profit so far.

I have doubled my account since I started trading this system. I have no complaints so far.

Good to hear my friend. Great results.

[forexnoob]

Today I made a meager 75 pips. Althought that is my fault. I tend to get out of the market on Fridays around 12 pm EST U.S. I try not to carry my trades through the weekends. This morning when I checked I was ahead 175 pips. I lost 100 pips when IMM started buying GBP.

I was shorting GBP/JPY and going long EUR/GBP. I was thinking about getting out early ,but I was trying to squeeze out every last pip. Anyway though I was still in a profit when I closed for the weekend, can't complain.

I have to say so far the entry signals are solid and I have 8 winning trades with 1 loss since I started this system.

In two days I'm up 325 pips. Since I started 485 pips. Now I know for some that may not seem like alot ,but this only envolves roughly 4 days worth of trading.

Thanks again OzFx

[Sweet Pip]

Originally Posted by forexnoob

Today I made a meager 75 pips.

Big or small, any pip gain counts! It's easy to dismiss these small numbers in light of the 100-800 pip claim potential, but if you've made your rules (like getting out on Fridays which many do), then stick to them...it's not a fault. But squeeze too hard and it might squeeze back and maybe you'll be down 75pips next time.

Good to hear successes, and I'm happy to say it's been working well for me too

[CyberG]

Hello OzFx,

First, thanks for this system which is definitely working very well. I am not advanced enough to be able to do a lot of calculations involving "R" or something like that, but this is working!

Now, my question: Is there something else I need to look out for on this template in order to be able to make the right trades like you normally indicate and send to us? Reason for my question is I took the three trades you gave last and they are now all positive with something like 300+ pips but initially the seemed like they will be negative. I woke up this morning and they were all positive.

However, I had tried some other trades for CADJPY (BUY), EURCAD (SELL), GBPAUD (SELL), NZDJPY (SELL) on the 26 and 27 and and they all negative! I was only trying this out to see if I was getting a hang of it but I guess I am still miss something.

Let me also quickly say that while you were away recently, I took three trades which were all positive and closed within 2 hours. I think that was over 200pips and I had tried again and had all these losses. Could you please tell if there's something else I may be missing?

Let me also say that all these are on my demo account, so I think I am learning a lot as to how things could go really wrong sometimes.

Thanks.

Paul.

[cbarnett808]

Ah-ha! So four-hour AES and the Ozfx system are separate.

I tried a little experiment today using the Ozfx to determine trend, and the four-hour AES to time entry. I forget which pair it was on (EurAud maybe?), but it shot right up w/ very little slippage. For some reason, I thought I had seen some of your picks that didn't meet the Ozfx criteria, and I assumed this is what you were doing - we have a saying in the US, perhaps in Oz also about what happens when you assume. Forgive me ahead of time, but I will question picks that don't literally meet the rules; this is only because I wish to learn from you.

I like both systems. Thank you Ozfx!

[Sweet Pip]

Originally Posted by cbarnett808

Ah-ha! So four-hour AES and the Ozfx system are separate.

Unless I'm mistaken, I believe the AES (Advanced Entry Signals) is a part of the OzFx system and so is the ASL (Advanced Stop Loss).

The four-hour is called the Squeeze-More system.

[cbarnett808]

Oh, I see. Thank you Sweetpip. Guess I'm just dumb.
Will continue to monitor the conditions of Ozfx entries. I want to learn some of his skills in case his generosity dries up!

[OzFx]

Hello Friends,


What a great Friday we had. We were able to bank +550 pips in 3 trades which were opened the same morning. I expect these pairs to consolidate a little bit before falling further next week. I am holding all my positions for now.


Friday was a great day to end Feb. We achieved a total of +1865 pips which is more than Jan. Last month not only was short but we also faced slow market movement for first 12 or so days due to Chinese New Year holidays, plus I had my personal 3 days off. I hope everyone achieved similar success.


If you would like then please leave a feedback here


Currently Open Positions:

1. EUR/JPY - Short - 3rd lot closed at +150
2. AUD/JPY - Short - 4th lot closed at +200
3. NZD/JPY - Short - 4th lot closed at +200
4. EUR/GBP - Long - Already had 3rd lot closed at +150


Have a great weekend.
Oz