OzFx System :) 100-800 Pips Per Trade

[OzFx]

Originally Posted by 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.

Hi Paul,
From what I gather you may not be using 200SMA filter. As per the filter you only look for long when price is above 200SMA and vice versa for short.

Let me know how you go and post some charts

Cheers,
OzFx

[avimanya]

Originally Posted by OzFx

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

Is this available on your template? I don't have it in front of me right now but I remember it had all these options for frequency - 5M, 15M, 30M etc.

I usually keep 5M with candlesticks charts. I am not sure which one is the Original daily method?

Thanks.

[smartrey]

OzFx, You rock me!

Im very much happy because even though Im pretty new here but I was able to use your stuff. It's really cool, Evethough Im using it now for my practice account but I was able to bag 120% of profit with in 30 hours trading. I really dont know about actual trading if they are almost the same with the practice account?

Capital: 10,000
Profit: 12,200 (Profit with in 30 hours)
Balance 22,200

[OzFx]

Originally Posted by smartrey

OzFx, You rock me!

Im very much happy because even though Im pretty new here but I was able to use your stuff. It's really cool, Evethough Im using it now for my practice account but I was able to bag 120% of profit with in 30 hours trading. I really dont know about actual trading if they are almost the same with the practice account?

Capital: 10,000
Profit: 12,200 (Profit with in 30 hours)
Balance 22,200

Wow...thats awesome...Can you share with everyone how you achieved it

[smartrey]

OzFx, Your Stuff still rock on me, Im just following and analysing the trend of the chart with the help of fundamental analysis. I would like to share to you my account history in .jpeg format. This account was created last 02 March 2008 with starting balance of 10,000.00 As of the moment 10:48PM of 04 march 2008(Australia time) I have total amount of 31,626.60

[prettrad]

hi ya, pls can someone take a look at this pic and tell me if the entry is where the vertical line is ..i.e where AC hit 0 & Stoch went from positive to negative ...was that a good entry signal for short?

Pret

[Sweet Pip]

Originally Posted by prettrad

hi ya, pls can someone take a look at this pic and tell me if the entry is where the vertical line is ..i.e where AC hit 0 & Stoch went from positive to negative ...was that a good entry signal for short?

Pret

Yes it was. This trade was opened short on Feb 25th and went very well.

Check out OzFx's blog (click on his screen name and select the homepage link)- he gives mostly all his entry signals there.

[mike45]

Hello,

Thanks for posting your system. One thing I'm not sure about - when exactly do you enter the trade? I read your entry signal description, however - do you wait until that candle closes and make entry on opening of next one? Or you enter anytime when you see entry signal (even if that "signal making" candle is not closed yet)?

For example - today's pair is GBP/USD, currently candles are under 200 MA, AC forms first negative red line, however stoch is above 0 level. Now what - should I wait for candle to close to see wheather enter the trade, or any time when stoch dives under 0 I enter short ?

Thanks,

mike

[alkhataat]

Originally Posted by prettrad

hi ya, pls can someone take a look at this pic and tell me if the entry is where the vertical line is ..i.e where AC hit 0 & Stoch went from positive to negative ...was that a good entry signal for short?

Pret

Hi Prettrad,

I saw on you attached chart the AO Indicator, AO stands for which indicator?

Looks like the more I dig into this method the more I get confusion.

Thanks
Alkhataat

[Sweet Pip]

Originally Posted by OzFx

I enter at the open of the candle, the candle where AC has crossed the 0 line.

I usually don't choose to take sides when price is very close 200sma.

Cheers,
OzFx

To Mike 45, hope above answers your question.

To alkhataat, AO stands for the "Awesome Oscillator" indicator.