Faizumi Fx is a forex trading strategy. It is a very effective and powerful trend following forex trading strategy. The Faizumi Fx forex trading system is backed by the strong and proven technical indicators. Heiken Ashi chart is a very popular type of charting system that is popular among the trend following traders. The signals provided by the Bbands Stop, Kuskus Starlight, goldminer, and Sniper trend are just more than awesome. Faizumi Fx forex trading strategy can help you to make lots of bucks if you seriously take it and take time to master the system. Faizumi Fx system works perfectly in a trending environment. The system might perform poorly in a sideways market so it is highly recommended that you trade only in the direction of the trend. Simplicity is another great feature of Faizumi Fx system. It can be easily applied by the novice traders at ease.
The Faizumi system altogether consists of seven technical indicators but we will not use fractal indicator for making our trading decision. When the Faizumi Fx is correctly installed on your trading platform your chart should look like this:
- Bbands Stop
Bbands stop is a line joined by the dots. It changes its color to red and light blue. When the market is up trending the Bbands Stop is light blue in color whilst when the market is in downtrend the Bbands Stop is red in color.
- Heiken Ashi
It is a special type of charting system which is far smoother than the normal candlestick chart. It is obtained by using different formula. It reduces the noise in the market. It is blue in an uptrend market while it is red in a down trend market.
- KusKus Starlight
This indicator consists of small stars like shapes which come in light blue and red color. When the Kuskus oscillator dives below the level of zero it indicates the bearish dominance while when the oscillator is above zero it indicates the bullish dominance.
Goldminer is a filtering tool. It consists of blue and red bars. Blue bars indicate the buyer’s control in the market while the red bars indicate the seller’s control in the market.
- Sniper Trend
It is also a filtering tool similar to goldminer.
Buying Conditions Using Faizumi Fx System.
- Price should be above the Bbands Stop.
- Heiken Ashi bars should be blue.
- Kuskus oscillator should be above the zero level.
- Goldminer should form blue bars.
- Sniper Trend should form blue bars.
- Place your stop just below the recent swing low.
- You should take your profits when red bars form in either goldminer or sniper trend.
Selling Conditions Using Faizumi Fx.
- Price should be below the Bbands Stop.
- Heiken Ashi bars should be red.
- Kuskus oscillator should be below the zero level.
- Goldminer should form red bars.
- Sniper Trend should form red bars.
- Place your stop just above the recent swing high.
- You should take your profits when blue bars form in either goldminer or sniper trend.
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