Mates, here's the bull cypher that I am looking to complete to execute my long entries. Feel free to contact for free education. support me with your likes and comments.
it is 786xc,i know the rules ,and ,i had laerned it for a long time ,thank you ,and , but can you see the cypher is not established from 4H chart ,just noly day chart is founded !
Alexander_Nikitin
⋅
@BMS_TRADER, Yep, 0.786XC, not XA. It was a mistypoe.
Alexander_Nikitin
⋅
@BMS_TRADER, 4H is ok as long as we don't have the candle close above 1.414XA.
Fnaodjfneiw
⋅
1.43 risk-reward? Isn't it too much of a hassle?
BMS_TRADER
⋅
just wait the price of D at fibo0.886
Alexander_Nikitin
⋅
@BMS_TRADER, cypher is traded from 0.786XA not 0.886XA. Cypher is NOT a harmonic pattern that's why it is not any variation of a Shark pattern (that completes either at 0.886 or 1.13). I can give you a link to a free educational resource on both advanced patterns and harmonic ones.
@BMS_TRADER, no matter what price is doing in this trade. it's been historically proven on thousands of examples that waiting for 0.886 one will miss so many winning opportunities that the strategy will aquire negative expectancy. try it out in your own backtesting. :)
BMS_TRADER
⋅
@Alexander_Nikitin, ok ,we work hard together , if have time ,we can discuss together ,have a good trade brother