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Thread: Faizumi fx verification trades

  1. #31
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    hi tm, usually me either, but i was wondering how much the nfp would be affected the system and a jpy cross... it was a pity that the sl was hit :/, now i have only eurjpy open, running at 76 pips...

  2. #32
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    Agree - NFP was sort of crazy this week. Worse=Better | who knows...

  3. #33
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    Hey Kid, why do you favor the Yen crosses with this indi ??

  4. #34
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    Hi TM, i prefer the JPY crosses because the move more smoothly, they are also less affected by news during the day, i ve looked trough the charts going back for months and the false signals in eurusd are too much and there is no setting that allow me to filter them, also the eurusd have very fast movement wich the bollinger band indi cant keep up, so you find yourself entering in a movement that is already at his end (if its countertrend), the eurjpy doesent have this kind of moves, at least not as much as the other cross...

    Look here, is the chart of eurusd from 16 april to 27 of same month, its an up trend....

    Faizumi fx verification trades-eurusd-ex-faizumi.gif
    See how many times the blue bb is interrupted? The sell signlas are just whipsaw and because you have to wait for the candle to close when you enter in the trade you may have 20 pips profit and eventually the price turn back, and you have a loss, look at the day 19, you have a red signal, then blue, red, blue again... how do you manage them? Only with high SL, but that's too risky...

    Now look the same chart period on Eurjpy....

    Faizumi fx verification trades-eurjpy-ex-faizumi.gif

    A long buy signal.... Then a sell of 100 pips and again a buy of 80 pips... And the SL never higher than 50-55 pips... (Also the Chfjpy move pratically in the same way.. If you check the chart is the same as Eurjpy, you could double the profit... Have you noticed that i always take 2-3 signal at the same time?)

    What are your impressions?

  5. #35
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    Hi guys, i was wondering how to backtest this manual system and i've found a good little program, it a little slow because you have to watch the chart loading and wait for the signal :P, it took me the weekend to back test from 30 march to 23 of april...

    The resultsd are: 11 signals on eurjpy, 9 wins, 2 losses (one was NFP relase, the other hit the stop loss because the price retraced, but the signal wasnt invalidated) by the way, with an account of 3000$, and a risk of 5% per trade, in 23 days i ve managed to gain 2667$... It's a good result!!

    Next week end i will try the month of march wich was a month with choppy price action...

    Faizumi fx verification trades-tryout.jpg
    Last edited by kidrock82; 05-07-2012 at 07:47 AM.

  6. #36
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    " i've found a good little program" for backtesting - which one?

  7. #37
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    Good morning -

    So I went ahead and started trying this system out. I'm using only the original things here - until I really learn the system...

    Using 3 indicators and the settings provided by @kidrock on the H1.

    Took a GBPJPY trade this morning that was good. (Also to say - it was confirmed by a harmonic trade setup the guys from FX360 had posted)...

    Faizumi fx verification trades-gbpjpy-h1.gif

    What you guys think? I'm trying to add some of the other indicators that @kidrock mentioned - but they are not found on the ZIP file here in the forum or the Symphonie thread on Forex Factory.

  8. #38
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    On a separate note: also tried this as a quick scalp confirmation from M1 signal from korHamonics...

    It happened to work well together this time - to early to tell if they are good to work in combo for scalping...

    Faizumi fx verification trades-audjpy-m1-quick-scalp-.gif

  9. #39
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    Hi mate, i think you are mentioning this indi , i've taken the 3 sell signal of 2 days ago, they run for 100 pips but i ve got stopped at the first retracement , only 50 pips... too bad , today i ve took the buy signal on eurjpy and chfjpy, didnt take the gbpjpy because there were almost 70 pips from the blue bollinger band and sometimes it retrace on the first candle... By the way ive managed to take 60 pips, i can suggest you to add the ichimoku, under the Kumo cloud the sell signals are very strong, above the Kumo the buy signal

    Symphonie_Trendline_Indikator.mq4 Symphonie_Trendline_Indikator.ex4

  10. #40
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    @kidrock82

    Okay - I've got the Symphonie Trendline Indicator v3 - here's a picture... Now - to use that indicator - I will also wait for more confirmation and wait for all colors to confirm correct?

    Lastly - what session are you trading? EURO session or since these are cross pairs the ASIAN session?

    Indicator

    a.) which indicator is the one for the purple arrow? You mentioned it being a cross of EMA's on one of your posts - but didn't link to the indicator.
    b.) which indicator is the one for the support and resistance I see on your charts?

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