wilson771114
Long

EUR/GBP analysis using Harmonic Trading

FX:EURGBP   Euro Fx/British Pound
233 12 1
There are two patterns in EURGBP             4H chart, and PRZ is around 0.73940 to 0.74394. It's a good place to sell.
what are the rules for cyphers?
Reply
Fieldgate Alexander_Nikitin
a year ago
XA-AB pullback 27.6 - 61.8
AB-BC extension 113-141
D ending at 88.6 of XA <---
BCD 1.272 - 2.618
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Fieldgate Fieldgate
a year ago
vs the shark at 113 XA
(in essence)
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Fieldgate Fieldgate
a year ago
it seemed to like the cypher level....
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Alexander_Nikitin TOP Fieldgate
a year ago
You cannot call it cypher because cypher's rules are different. Call it something else.
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Fieldgate Alexander_Nikitin
a year ago
a winning trade ?

Reply
Fieldgate Alexander_Nikitin
a year ago
to be fair, it's not my post, but I am in that trade.

Alex - are you referencing the fact that the XA pullback wasn't to the 38.2 level (as some literature references) ?
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Alexander_Nikitin TOP Fieldgate
a year ago
It's not literature but my knowledge of the inventor of cypher patterns - Darren Oglsebee. He has very different rules)
Reply
Fieldgate Alexander_Nikitin
a year ago
Fair.
Was also a Shark from that lower swing high on the 21st Oct. as corroborating
(and mis-stype on my original mail - apols - should have said 78.6)
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wilson771114 Alexander_Nikitin
a year ago
So, what is your rules for cypher?
Reply
Alexander_Nikitin TOP wilson771114
a year ago
They are not mine, but still
B-point should be at least 0,382XA and should never close beyond 0,618XA. C-point should be at least 1,272XA and should never close beyond 1,414XA. D-point is 0,786XC retracement and should exceed the B-point.
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wilson771114 Alexander_Nikitin
a year ago
OK, I got it.
I did a mistake in retracement of B-point.
But i think it's close to 38.2%.
Thanks for your suggestion.
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