Thread: Interactive Trading Setups Disscussion

Hi lobogabor can i ask u a question?
is not like that when the one2one pattern fail can become a cypher pattern?
and what difference between cypher and shark? they seems be similar.

sorry if this questions are stupid for you

Originally Posted by FatTony

Hi lobogabor can i ask u a question?
is not like that when the one2one pattern fail can become a cypher pattern?
and what difference between cypher and shark? they seems be similar.

sorry if this questions are stupid for you

I might not understand the first question correctly, and I do not want to guess, so pls explain, or show an example of what you mean.
The difference between cypher and shark as I know today (Shark:Cypher)
B point as retracement of XA ... 38,2-61,8:38,2-61,8 (the same)
C point as extension of XA ... 113-161.8:127,2-141.4 (different)
D point as retracement of XA... 88.6-113 : 78.6 (different)
there might be difference in D point as extension of BC for shark I found 127.2-200% but for cypher I do not remember what it was... looked for it in my old literature there is none specified.
Here is a cypher in my understanding.

Originally Posted by FatTony

Hi lobogabor can i ask u a question?
is not like that when the one2one pattern fail can become a cypher pattern?

Let me still have a guess of what you are asking.... I and nobody else knows at the moment where the price will move. Knowing the historical move we might assume the next support/resistance which might hold or turn the price.
Also identifying previous impulse legs and retracements we might assume there will be a one2one, abcd, an elliott WaveX or when a 5 point pattern forming a B and then a C we might assume there will be a D point formed at a certain level - IF everything continuous to move as we expect...
but what if it does not and creates a new high/low? Our picture will not be valid any more, we have to start our analysis and build our new assumtions from scratch again, right? The new high/low might indicate a new possible picture for the future.
Just to demonstrate what I mean, I attached a set of "possible harmonic shapes" for the near future depending on where the price was, and depending on where it moves next... those shapes are all different, even the expected direction bull/bear are different after the price moves to those directions. So if it is not a bear butterfly any more, could be a bull gartley...who knows?
I hope this is what you were asking about. If not, let me know!

hi daredevil gd mng.in ur zup 108 indicator kindly modify it as i explain here. goto indicator click inputs and column 3 extgartleyon/off-- modify it to true.and modify pattern influence into -true. i think it will show pattern on your chart.

thx lobogabor i understand what you mean
cypher and one2one they are new to me so maybe i dont understand it correct i was just wondering about situation like this:

Originally Posted by FatTony

thx lobogabor i understand what you mean
cypher and one2one they are new to me so maybe i dont understand it correct i was just wondering about situation like this:

@FatTony: I think you are perfectly right here.

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Originally Posted by FatTony

thx lobogabor i understand what you mean
cypher and one2one they are new to me so maybe i dont understand it correct i was just wondering about situation like this:

Yes, I see what you mean, looks reasonable and your drawing is logical, tnx, however I have never traded one2one... I have already considered, and started looking.
I wonder when one2one fails, why this one specific pattern family (shark/cypher) came to your mind? Is it something more close to a one2one failure, than others?
Looking at your drawing again and again, yes I cannot find others... Thank you!
Cypher on the other hand I do see as a profitable pattern, not only for others, but also in my experience, so I will pay more attention to that for sure.