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Thread: Interactive Trading Setups Disscussion

  1. #2601
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    Quote Originally Posted by FatTony View Post
    to be honest with you i never heard about this cypher pattern till monday from Jason Stapleton so this situation what i draw it was the firs thing what came to my mind,
    i can see many one2one with good context and they work, but this cypher also looks good so i have to decide which one is better for me.
    According to Jason, Cypher gets above 80% success rate... I suggest compare with your 121 success rate, if cypher is better, back&fwd test it, to check if it proves out for you.

  2. #2602
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    Quote Originally Posted by lobogabor View Post
    According to Jason, Cypher gets above 80% success rate... I suggest compare with your 121 success rate, if cypher is better, back&fwd test it, to check if it proves out for you.
    I disagree with it actually. To talk about success rate without talking about SL/TP/position management rules is wrong. And if you define the exact Fibo rules for the pattern identification and resonable position for SL and TP, and trade each pattern you will not get 80% for sure.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  3. #2603
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    unfortunately kor4x is right i think.

  4. #2604
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    Quote Originally Posted by FatTony View Post
    unfortunately kor4x is right i think.
    of course ;-) ... if we imagine using SL=100p and TP=1p ...this may lead to 99% success ratio of any price pattern

    just guys do not get caught by the marketing type of 80+ % success ratios (especially when no further details are provided)
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  5. #2605
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    Quote Originally Posted by FatTony View Post
    unfortunately kor4x is right i think.
    Sorry I have assumed you have 121 rules! Cypher definitely has the HP rules...
    To explain a bit: SL above X (X+ some pips/could be ATR related + spread), TP1 at the generally followed 38.2 and TP2 at 61.8%... according to cypher rules...
    So I do not think anything was wrong, unless somebody is working with propriatery SL TP placement. In that case I agree with kor4x. But even then, the technique to decide is still what I stated.
    And of course, do not believe anybody anything, until you test it and prove it to yourself, working with the rules you selected!
    As everything in this business it is up to you of course.
    Last edited by lobogabor; 10-04-2013 at 07:56 PM.

  6. #2606
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    USDCHF finally gives bullish signal for next week ...D= Bullish Engulfing....W = hammer
    Interactive Trading Setups Disscussion-usdchfweekly.jpg

  7. #2607
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    Quote Originally Posted by paulselvan View Post
    USDCHF finally gives bullish signal for next week ...D= Bullish Engulfing....W = hammer
    Click image for larger version. 

Name:	usdchfweekly.jpg 
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    Hi Paul, I hate to look at things before closing Friday, but do you have any bull harmonic pattern there as well?
    As I look at it now on H4 I just have an "ugly" bear shark @ fib 100% viable for a shark up to 113%. I am not checking it in details before the weekend, but pls. consider.
    I do not seem to find any bull pattern though. I do see nice and promising HTF support zone...
    I do not know if and how to fit into the conspiracy theory, but EurChf H1 seems to have a nice H1 bear bat... but again it is Friday late afternoon... I do not bother with it.
    Have a nice weekend.
    Last edited by lobogabor; 10-04-2013 at 06:49 PM.

  8. #2608
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    Quote Originally Posted by kor4x View Post
    of course ;-) ... if we imagine using SL=100p and TP=1p ...this may lead to 99% success ratio of any price pattern

    just guys do not get caught by the marketing type of 80+ % success ratios (especially when no further details are provided)
    kor4x, do not measure the ultimate succes in anything else, than long term profitabilty! So I would suggest measure the pattern success rate in hard currency as well.
    I 100% agree "do not get caught by marketing type of" ... any... try it, test it, measure it, and then decide.
    Even if somebody`s statistical data provided, it will mean nothing to others for any strategy or pattern, due to interpretation and consistency of following specific rules.
    No question about it.
    I wonder how come, you did not mention discipline and following the rules/plan, along with the risk management - I think that one is at least as important, isnt it?
    Last edited by lobogabor; 10-04-2013 at 07:25 PM.

  9. #2609
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    Quote Originally Posted by lobogabor View Post
    Hi Paul, I hate to look at things before closing Friday, but do you have any bull harmonic pattern there as well?
    As I look at it now on H4 I just have an "ugly" bear shark @ fib 100% viable for a shark up to 113%. I am not checking it in details before the weekend, but pls. consider.
    I do not seem to find any bull pattern though. I do see nice and promising HTF support zone...
    I do not know if and how to fit into the conspiracy theory, but EurChf H1 seems to have a nice H1 bear bat... but again it is Friday late afternoon... I do not bother with it.
    Have a nice weekend.
    ...H4 ugly patterns :LOL

  10. #2610
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    Quote Originally Posted by paulselvan View Post
    ...H4 ugly patterns :LOL
    right - very subjective, and the reason probably was - looking on the HTF was not detailed enough, plus the Fri afternoon, not wanting to deal with it any more. Now it looks "nicer" - propriatery to neural bio-networks vs. cruel indicators .
    It is now more like shark or a cypher pushing its limits.
    What do you think?
    Interactive Trading Setups Disscussion-usdchf.h1-1005.jpg
    kor4x likes this.

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