MACFIBO SYSTEM UPDATE 25/04/2012
It feels like it has been a month I haven’t posted System Update… well it has only been a week plus… I am very sorry for the system-update-less thread. As I stated already, I was busy doing the ver 1.2 E-book writeup. I am sorry I will not be covering XAUUSD system update as part of the main topic of system update, instead I will try to include some other pairs once or twice. And also If I have extra time, I will briefly trade review on EURUSD’s Secondary Signals as well. I will ofcourse will continue post in updated statistics on EURUSD’s perfomance in Macfibo Main Signal (without any filters mentioned in version 1.2) and also a separate statistics on EURUSD’s Macfibo perfomance in London and London-US sessions.
The most recent valid main signal was actually on 24th May but it was before Asian Open hence I ignored it (it is pretty amazing that i was already up in that hour… it was 5AM in my place). There was a Macfibo Main Signal (let’s call that now) on the 23rd April 2012.
It was during London Session and pretty straightforward. I set my TP, set my SL and left it. It was my favorite setup as well (Bull Activation candle for a Bearish Main Signal), obviously because of the extra pips it could bring and smaller pips I could lose… It’s perfect… 28 pips. Not bad for a shrinking-range EURUSD. Noted I did mention I normally would ignore a signal on Monday Asian Session but I need to clarify that I meant on Secondary Signal. Sorry for that mistake.
I want to show you, incase Macfibo Secondary Signal (let’s call it that from now on… no more 're-entry) trading is still confusing to you all.
As stated earlier, I ignored the Main Signal due to the trading session. There is a valid secondary signal in Asian Session, the activation candle was around 127.2, hence I decide to TP it @ 161.8 (the Resistance is waay up, did not block the 1.618 TP zone). I set my SL in a 1:1 ratio. My SL did not hit but 5ema crossed 8sma even before it hits TP/SL… So I exited the trade… -7 pips.
Another oppportunity came, this time it was around 161.8. **I could either TP it @ 261.8 or 300.0 but I much prefer 261.8 due to price usual interest in this fibonacci level. But I TP it at previous day’s High (R-Line) as it blocks the TP Zone, So I TP it there. Harvested 15 pips. So overall it was a positive day for Macfibo though it is less than 10 pips… positive pips is good pips.
** Though I stated in the guide to TP @ 300.0, but for now just TP @ 261.8
I will maintain to keep the Statistics Log strictly for Macfibo Main Signal only (without filters, just blind Macfibo trade, just to show it is still profitable and trading with simple methods can work as long as we follow the rules and stick to your stops and money management).
MACFIBO MAIN SIGNAL PERFORMANCE STATISTICS (Updated : 25/4/2012)
Macfibo have been doing well for the past 5 trades and decently for the past 10 trades. Since start of the year until today, Macfibo yet to have a negative month and that is good. Now Macfibo (just using the rawest version) harvested 913 pips so far this year. May it continue.
Avg Loss : 24.2
Avg Win : 33.1
Net Pips : 913 Pips (Average 228.25 pips per month in 2012 so far)
Win Percentage : 63%
LAST 5 TRADES FORM : WWWLW (+76 net pips)
LAST 10 TRADES FORM : WWLWLWWWLW (+69 net pips)
MACFIBO MAIN SIGNAL LONDON / LONDON-US SESSION STATISTICS (Updated : 25/4/2012)
Avg Loss : 35.4
Avg Win : 35.8
Net Pips : 554 Pips (Average 138 pips per month in 2012 so far)
Win Percentage : 69.2%
LAST 5 TRADES FORM : LWWWL (+13 net pips)
LAST 10 TRADES FORM : WWLWLLWWWL (+20 net pips)
PDF ATTACHED IN FIRST PAGE
