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Alexander_Nikitin
Sep 19, 2016 3:50 AM

Learn the true rules of cypher. Education

Euro Fx/Canadian DollarFXCM

Description

Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. The ONLY correct way of identification is as follows:
1. B-point must touch 0.382XA but should never close beyond 0.618XA
2. C-point must touch 1.272XA but should never close beyond 1.414XA
3. D-point is 0.786XC and it must be beyond B-point.

As you see frome the rules above the are no max limitations for B and C candle wicks. Whatever ratio will be correct if rule #3 isn't broken.
Do not trust these types of explanations: sr-analyst.com/HarmonicHelp/cypher_pattern.htm
Or this: forextraininggroup.com/a-guide-to-harmonic-trading-patterns-in-the-currency-market/

Don't know why do people believe this kind of stuff and don't even make an effort to contact the creators of cypher - Tradeempowered guys.

//|+--------------------------------------------------------------------------------------------------------------+
//|This pattern was found with PatternSearch software
//| you can watch the sample video here: youtube.com/watch?v=beZhTtW1diU
//|+--------------------------------------------------------------------------------------------------------------+

Best regards, Alexander Nikitin.
A professional trader, programmer and a trading coach.

Trade closed: target reached

Comments
Niverto
Niverto
Ahmed_bunah2
I have the same the idea, lol
Alexander_Nikitin
That's good.
MrLatchman
is this still valid?
Alexander_Nikitin
Yes. it is valid
ChandanaHerath
Mr.Alexander Nikitin. Enlighten as usual,appreciate your commitment ! Thank you.
Alexander_Nikitin
Thank you.
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