FX:EURCAD   Euro Fx/Canadian Dollar
118 8 5
Good day traders,

A simple setup, based on Heikin-Ashi + 200 MA , with the potential formation of a bullish cypher

I´m entering long at market with SL below 1.462 , with the strategy to trail stop

If you are agree please thumb up and/or follow me

You can subscribe to my mailing list for FX Alerts : http://eepurl.com/bp_sgP

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade closed: stop reached
You can subscribe to my mailing list for FX Alerts : http://eepurl.com/bp_sgP
Webinars & One-to-One Training available, pay per minute
Very good setup. I too like H-ashi !!
+1 Reply
Good luck, bearish pressure still
It is not a cypher at all.
Realisto_FX PRO Alexander_Nikitin
Obvious, until is completed
Cypher's B-point never has a close beyond 61,8XA. It is not a cypher at all. And there's no way these triangles will turn into cypher.
Realisto_FX PRO Alexander_Nikitin
Thanks for the feedback, I have a different macro view about the harmonics
No matter what view you have, a cypher pattern remains a cypher if only it matches specific criteria. Otherwise you should call this pattern somehow else. "Two-triangles pattern", for example. I agree, there are different types of Gartley's. Because Gartley himself describing his pattern didn't apply any ratios to it aside of "one third" and "two thirds". But Darren Oglesbee, describing his patter, Cypher, did apply specific ratios to it. So if the pattern is not matching his criterea, it should not be called cypher.
Realisto_FX PRO Alexander_Nikitin
ok fine you win , stopped out . Thanks anyway
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out