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Reply With QuoteWell what do you know.....both news trades payed off
FOMC is later today and their are 2 potential patterns to trade for it.
GBP/CAD butterfly from before. Here is a second chance to enter it off of a cypher pattern:
CHF/JPY butterfly on the 15 min TF (higher risk trade):
Of course you could always skip both and sit on the sidelines. Me thinks I'll try both.
Well what do you know.....both news trades payed off
will post here couple of examples we discussed about. just have seen one, not ideal thou, but more will follow.Ok Kor. I'll be waiting for that example.
Note the deep point B and high point C that are required for such 113 ret D point butterfly.
So would you say that the B-point needs to be close to an 88.6 fib retracement and the C-point at least a 68.5 retracement?
Last edited by Luzonxzy; 06-24-2012 at 03:52 AM.
Sorry for not posting any trades sooner. But I'm back.
Dow Jones Cypher Pattern:
you really trust in this Cypher pattern :-) ? Why????
Because it works. I've done the back testing and have made money with it going forward. I have no reason to trust other patterns, like the shark or butterfly pattern, anymore then this pattern. I've seen gartley's fail many a time and I still find value in them. My question to you is why do you not trust it? Have you actually done the testing? .......I'll stop posting them if it bothers you that much. I'll just stick to gartley and the animalsOriginally Posted by kor4x
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And what happen to those other examples of the butterfly you were going to show me. I still want to see them.
Last edited by Luzonxzy; 06-28-2012 at 01:39 AM.
hi man,
I am very fine you post them :-), of course. Let's see them in action. Just trying to understand where/how you got the knowledge and trust in them. If from backtesting than I understand.
I have seen this http://tradingarsenal.com/tutorials-...-tutorial.html
@luzonxzy keep it up bro im with you on the cypher im a big fan of jason as well
Greetings All
From what i can tell and have seen the "Cypher Pattern" seems to be a refinement of the Shark Pattern - where the cypher would be a "Shallow Shark"... my 2 cents...
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