update: Price seems to be respecting the cypher. Stops should be moved above the high very soon. limiting risk from ~30 pips to ~4 pips.
update 2: stopped out on cypher -4 pips. waiting on the 886 shark or a chance to get back in the cypher if price keeps respecting it's box.
I only sell if RSI is over bought when price is in the box. Other than that I wait for price to respect the box and sell on a retest. Always remember if the big money doesn't get involved quick, abandon ship.
update 2: stopped out on cypher -4 pips. waiting on the 886 shark or a chance to get back in the cypher if price keeps respecting it's box.
I only sell if RSI is over bought when price is in the box. Other than that I wait for price to respect the box and sell on a retest. Always remember if the big money doesn't get involved quick, abandon ship.