Thread: Interactive Trading Setups Disscussion

Originally Posted by lobogabor

I have closed the remaining of my gbpjpy position at the butterfly+structure. Too bad I was so busy closing and not entering long on that "bounce"
Interactive Trading Setups Disscussion

At least your take your profit !!!

I think you'll get another chance to enter on this currency, I think it will continue now falling down to the completion of this cypher...

It's my first cypher! What do you think about it???



Regards

Originally Posted by abdelaziz46

At least your take your profit !!!

I think you'll get another chance to enter on this currency, I think it will continue now falling down to the completion of this cypher...

It's my first cypher! What do you think about it???



Regards

Plz check X position and internal retracements and extensions of the pattern.
When I take X of aug 12, I do not heva a B ret reaching 38.6, and if I take X from aug 13, I do not have an extension of XA to C@113 which would qualify as minimum for shark.
Even if your B meets the minimum 38.6 ret of XA, this would still qualify for a shark, not a cypher to my knowledge due to not reaching the minimum XA ext of 127 at the C point.
Btw, I was reading the announcement of the guys coming out with their version of cypher (C between 127-141 of XA), they claim the success rate above 90%. I have not experienced it yet, but definitely that one is a good reliable pattern in my experience as well.

USDJPY - potential bull bat on 60 min, however still has to break down B point first, get a BAMM move to PRZ, we have to see when it comes and if it comes.

USDCAD - H1 -potentiall bear bat on CD leg @ B level.
Any comment?

Originally Posted by lobogabor

Plz check X position and internal retracements and extensions of the pattern.
When I take X of aug 12, I do not heva a B ret reaching 38.6, and if I take X from aug 13, I do not have an extension of XA to C@113 which would qualify as minimum for shark.
Even if your B meets the minimum 38.6 ret of XA, this would still qualify for a shark, not a cypher to my knowledge due to not reaching the minimum XA ext of 127 at the C point.
Btw, I was reading the announcement of the guys coming out with their version of cypher (C between 127-141 of XA), they claim the success rate above 90%. I have not experienced it yet, but definitely that one is a good reliable pattern in my experience as well.

Thanks for the comments... I took X of August 13. The B is very close to the 38.2 XA retracement. I thought it was enough. The C point is at 127 AB Retracement and I took for the D the 0.786XA and the 2.0 BC projection... I unfortunatly don't have any experience trading the Cypher or shark pattern but this was seems to respect the cypher pattern picture posted some days ago... Is'nt it???



Regards

Originally Posted by lobogabor

USDCAD - H1 -potentiall bear bat on CD leg @ B level.
Any comment?

I got this one too with a PRZ from 1.0412 to 1.0424... It's seems really nice... Thx

Regards

Originally Posted by abdelaziz46

Thanks for the comments... I took X of August 13. The B is very close to the 38.2 XA retracement. I thought it was enough. The C point is at 127 AB Retracement and I took for the D the 0.786XA and the 2.0 BC projection... I unfortunatly don't have any experience trading the Cypher or shark pattern but this was seems to respect the cypher pattern picture posted some days ago... Is'nt it???



Regards

I am not sure if "very close" is good enough... to be seen. I have the same doubt when a bat B is above 50, but not reaching 61,8%.
Here is the cypher I know, but in that one I do not have the BC to D ratio, so I do not know that.

The major difference will be, when this cypher is to complete, you almost blindly can enter at 78.6% D, when it is a shark, or the cypher you attached, D will be anywhere bw 78.6-113%, and will need to make sure you have more confirmation where to enter.
Please test it out on several occations, and let me know what you find.
Source: http://cypherpattern.blogspot.hu/201...announces.html
Some others - you have to search through it.. http://cypherpattern.blogspot.hu/201...1_archive.html
Check this one out: http://cypherpattern.blogspot.hu/201...l#comment-form

Originally Posted by lobogabor

I am not sure if "very close" is good enough... to be seen. I have the same doubt when a bat B is above 50, but not reaching 61,8%.
Here is the cypher I know, but in that one I do not have the BC to D ratio, so I do not know that.

The major difference will be, when this cypher is to complete, you almost blindly can enter at 78.6% D, when it is a shark, or the cypher you attached, D will be anywhere bw 78.6-113%, and will need to make sure you have more confirmation where to enter.
Please test it out on several occations, and let me know what you find.
Source: Cypher Pattern in Forex: Triple Threat Trading Announces Discovery of New Harmonic Charting Pattern
Some others - you have to search through it.. Cypher Pattern in Forex: January 2013
Check this one out: Cypher Pattern in Forex: A Simple Rules

Dear Lobogabor,

Thanks a lot for all your help... I didn't really understand the Cypher pattern... Now it is absolutly clear and what I draw isn't a cypher, the C point should be the extension 127% to 141% and I didn't know that... And for the D point to be sure it must be the 78.6 XC retracement no???

Thanks a lot

Regards