Bearish Cypher here looking for target at 618 stop lose above X good luck
Trade closed: target reached
⋅
Thank god
Comments
Alexander_Nikitin
⋅
The pattern is invalid because it already hit X. There's a 78% probability that price will go higher to 1,13 or X+ATR before it goes to the target inthe case when X is hit.
hoza_saad
⋅
maybe it's not valid according to your rules but it's still valid for me as it's not close above X in fact it gives me better risk to reword as well
thanks for your comment .
Alexander_Nikitin
⋅
Cypher is an advanced pattern formation. None of advanced pattern formations are valid after they hit X. If you have rules that are different from advanced pattern formations this means you are not trading advanced pattern formation but something of your own. In this case you shouldn't call it a cypher then. Call it "hoza_saad" pattern, for example:)
hoza_saad
⋅
i trade what i want when i want it's not your business
Alexander_Nikitin
⋅
Yes, of course.I just shared a bit of my experience with you. You are to decide wether you to ignore it or improve your tarding using it)