OzFx System :) 100-800 Pips Per Trade

[HerbsInOZ]

Hi Oz,

Thanks for your posts!! Your webpage looks good too.

I have been using your system (my interpretation) for the last week on an ODL demo and did the following:
4 Feb 08 Short Gbp/Usd 1.9762 to 1.9434 on 4 Feb +328 pips
5 Feb 08 Short Eu/Usd 1.4637 to 1.4540 on 11 Feb +97 pips
7 Feb 08 Short Eu/Jpy 155.58 to 156.12 on 11 Feb -54 pips
7 Feb 08 Long Usd/Cad 1.0062 to 99.85 on 11 Feb -77 pips
7 Feb 08 Short Eu/Gbp 0.7491 to 0.7470 on 11 Feb +21 pips
7 Feb 08 Short Au/Usd 0.8898 to 0.8997 on 11 Feb -99 pips

A total win of 216 pips for a week!!!! And currently showing good pips on gold.

I just wanted to say thanx!!!!!

PS Is it EST aus or EST USA?

[OzFx]

Originally Posted by leilacr1

Hi OzFX

This looks great, but am having some trouble understanding some of the points as I am a complete beginner

I have applied the EAs I found over on the other forum. I am confused about what these EA will do for me? What does an EA do?

Secondly, how do we trade on a daily chart? For eg, if I go to MT now and look at the daily chart and apply all the stuff, do I need to wait to the end of the day (or candle) to end? A bit unsure of when I am supposed to enter the market.

The other thing is that I have subscribed to your email list and have gone to your blog and can't seem to register on your forum. It keeps taking me back to accepting the terms. Is it me or is there something wrong.


OK if you or someone could clarify these points for me then that would be great.


Cheers

PS I am also an Aussie in WA.

Hi leilacr1,
Regarding EA you would have to follow up with the person who wrote it. Just ask question in the forum you found it and someone will reply back.

Regarding your second question, yes we would need to wait until next candle appears which is at 7PM EST for ODL. If you are subscribed to receive email on my blog then you would receive notification of what pairs I am entering.

Cheers,
Oz

[OzFx]

Originally Posted by HerbsInOZ

Hi Oz,

Thanks for your posts!! Your webpage looks good too.

I have been using your system (my interpretation) for the last week on an ODL demo and did the following:
4 Feb 08 Short Gbp/Usd 1.9762 to 1.9434 on 4 Feb +328 pips
5 Feb 08 Short Eu/Usd 1.4637 to 1.4540 on 11 Feb +97 pips
7 Feb 08 Short Eu/Jpy 155.58 to 156.12 on 11 Feb -54 pips
7 Feb 08 Long Usd/Cad 1.0062 to 99.85 on 11 Feb -77 pips
7 Feb 08 Short Eu/Gbp 0.7491 to 0.7470 on 11 Feb +21 pips
7 Feb 08 Short Au/Usd 0.8898 to 0.8997 on 11 Feb -99 pips

A total win of 216 pips for a week!!!! And currently showing good pips on gold.

I just wanted to say thanx!!!!!

PS Is it EST aus or EST USA?

Awesome results my friend. Perhaps you can use 200SMA to filter out bad trades like short AU.

The time is EST USA.

Cheers,
OzFx

[OzFx]

Originally Posted by dannybly

G'day Oz - thanks for sharing - I'm looking forward to testing the system and will share my results!!

Hi dannybly,
Good to hear from you. Let us know how you go.

Cheers,
OzFx

[walkonwallstreet]

ozfx, one question about the feb11 chart set up

for the pair USD/CHF... do you think that you entered short way too early? should't you short entry when red ac and the stot are both below 0?

also, how do you read the Ao indictor?

thank you!

[snake86]

Hi OzFx,

I was wondering if you are taking fundamentals into consideration for any currency pairs you take position in?

Secondly, where do you put the 200 SMA?

PS. You might want to have a look at Xtick Pro. charting software which apparently lets you apply the same indicators across to various currency pairs and monitor them in one go...

Currently testing your system - will post more later about this. I am demo'ing with FXCM at the moment; their MarketScope Charts plugin doesn't have Bill Williams oscillator.

Thanks and regards,

snake86.

[snake86]

Hi OzFx,

Sorry I forgot to ask one more thing. Given that the BabyPips forums are a learning place, it would be highly appreciated if you could either write a blog entry or maybe just a followup to this message on how you selected the indicators and came up with this system.

That is, it would help people who are currently trying to formulate their own money management.

Best Regards,

snake86.

[OzFx]

Originally Posted by snake86

Hi OzFx,

I was wondering if you are taking fundamentals into consideration for any currency pairs you take position in?

Secondly, where do you put the 200 SMA?

PS. You might want to have a look at Xtick Pro. charting software which apparently lets you apply the same indicators across to various currency pairs and monitor them in one go...

Currently testing your system - will post more later about this. I am demo'ing with FXCM at the moment; their MarketScope Charts plugin doesn't have Bill Williams oscillator.

Thanks and regards,

snake86.

I usually don't consider fundamentals. The only thing I care about is Interest rate announcements and NFP. Instead of speculating, I try not to trade on those days.

You can simply apply 200SMA on the main chart.

I'll look into your suggestion.Thx

Try using ODL demo account. MT4 platform has AC and AO

Cheers,
OzFx

[OzFx]

Originally Posted by snake86

Hi OzFx,

Sorry I forgot to ask one more thing. Given that the BabyPips forums are a learning place, it would be highly appreciated if you could either write a blog entry or maybe just a followup to this message on how you selected the indicators and came up with this system.

That is, it would help people who are currently trying to formulate their own money management.

Best Regards,

snake86.

Google "OzFx"

[OzFx]

Originally Posted by walkonwallstreet

ozfx, one question about the feb11 chart set up

for the pair USD/CHF... do you think that you entered short way too early? should't you short entry when red ac and the stot are both below 0?

also, how do you read the Ao indictor?

thank you!

That entry is based on AES. Google "aes ozfx" to read more.
For some reason the moderator doesn't like me posting links.

AO is same as AC only a little slower. Read AES to get better understanding


Cheers,
OzFx