Oztrade

CLUSTER ADVANCED PATTERNS - BEAR BULL CYPHER GARTLEY BAT AB=CD

FX:GBPAUD   British Pound/Australian Dollar
Hi All, I wanted to share these potential patterns setting up here on GBPAUD             60M and 240M

Normally I wouldnt publish a chart with so much clutter as we need to keep our analysis simple on the chart but extensive in our findings/predictions.

I wanted to show you the amount of confluence all in one chart - If I find a Bat or a Cypher and a Gratley with all this extra confluence then normally I would only post the main Pattern I am looking at - and the bottom line comes down to the actual Kill Zone - the most important part is the Entry Stops and Exit levels to gain maximum profit from your order.

In this chart you can see the extra work involved in distinguishing Major and Minor Structure Levels, Advanced Patterns, Harmonic Moves, Price Action, Fibonacci Confluence , Psychological Even Handle numbers, SO what I would normally do is pick that execution level and post that Pattern with the STOPS and TARGET POINTS and not clutter the charts for you.

The only thing I have not put in here is Fib RETRACE - FIB Extension - FIB Inversion - with this on the screen was an absolute mess. Somewhat more than it is now.

This is what we do to try to find the best point of entry in analyzing the charts.

If price action pushes upwards we have 3 Patterns - I will walk through each pattern

BEARISH CYPHER - ORANGE - Entry is @ 78.6% 2.18100 - Very Close to even Handle and Gartley is Also minimum 78.6% entry. - STOPS would need to go minimum above X Leg @ 2.19891 - Targets we would look for a T1 @ 38.2% retrace from C to D leg after D Completion, and T2 61.8%

BEARISH GARTLEY - PURPLE - Minimum Entry is 78.6% with a perfect AB=CD move Marked in RED from A to B and this is the C to D - then we take the 1.272% FIB Extension and this provides our Kill Zone - I would like to be more conservative and place my entry half way between 78.6% and 1.272% FIB EXT - Putting the Entry @ 2.18400's - STOPS would need to go minimum above X Leg @ 2.20144 - Targets we would look for a T1 @ 38.2% retrace from A to D leg after D Completion, and T2 61.8%

BEAR BAT - Entry for the Bearish Bat will be @ 88.6% - maybe forward order entry by 10pips - I will be looking at the Even number 2.20000 for entry - Stops will be above X leg Minimum 2.22048's - Target 1 38.2% Retrace from A to D leg - 2.17616 and T2 61.8% Retrace A to D - 2.16064's

I also didnt put the T1 and T2 in purple for the Bear Gartley because they were so close to the Cypher .

If we go downwards

BULLISH GARTLEY - as long as A Leg is not broken - again with this kill zone between 78,6% retrace - 1.272 FIB EXT and Perfect AB=CD move - Entries looking 2.14095's again close to even handle - Stops Below X @ 2.12950's - or ATR based - Keep in mind GBP pairs have a big ATR - T1 will be @ 2.15382 and T2 @ 2.16180 we also have a nice level of Previous Support which should act as support

As you can see consolidation at its best - higher highs lower lows but nor closing above or below.

If anything changes I will update these patterns.

Good Luck and Happy Trading

Very Good!
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Oztrade Cainara
Thanks happy trading this week.
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I don't trade Gartley as it is not in my trading strategy only BAT and CYPHER. However I will publish any potential Gartley Patterns that may be of some help to traders who do have this within their trading/strategy/portfolio - I find that sometimes the entry levels can be very far apart taking the 78.6 - AB=CD and 127.2 Extension for the total Entry Point - I guess in back testing and forward testing would allow me to see a better entry for each pair. If I were to trade at present I would just use the 127.2% and if my order was missed then I would move on to the next analysis. Obviously a perfect Gartley is where all these points meet perfectly 78.6 ABCD 127.2 - but we dont see it very often. If we only based our rules on perfect Gartley many would be missed.
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Good set-ups indeed Oztrade. May i ask with regards to the Cyphers, do you normally enter them at the 78.6 completion or you also use your Fibonacci extensions and perhaps enter at the 127.2 or 141.4 ratio to create a zone for reversal? Thank you
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Oztrade jabutheo1
Hi, this would be based on each currency pair I guess if you have back tested. We have the aggressive Pattern Trader who sets entries just above the 78.6% to ensure they get their order filled. We see many times price will either just miss the 78.6% or stop on the dime, or in some cases roll over to hit stops. It will come down to if you are a more conservative trader. Cyphers are one of those things like many trading strategies that if you have a really good case for entry, if you have all this confluence like you mentioned with Patterns, Fibs, Structure, Price Action, Waves, Even Handle Numbers, Trend Lines RSI and other signals or tools you use all saying that this level is highly congested with all this confluence then yeah for sure most likely of places we will see a reversal will be here. And if you think about it most times its too late and the train leaves without you. I would say Aggressive entry set Entries Stops and Targets when you analyze and see all this confluence or maybe if there isnt much confluence then you could look at a Lower Time frame for extra confirmation maybe wait for a retest of D or look for a Double Bottom Confirmation. Cyphers are one of those things where if you miss first entry it can run away from you very fast, I like to have orders in place the moment price is past the B Leg because we know thats a break in structure and price will continue towards D entry and the next structure level. Hope this helps
+1 Reply
jabutheo1 Oztrade
It does help you have given me more than i had expected and i truly thank you alot for your response. I follow your style of trading and also i do alot of video watching of Akil and Jason on youtube.
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Oztrade jabutheo1
Thats fantastic thanks - yeah those guys are very inspirational in what they teach - they truely have a passion to see traders excel from their education. Watch as many video's as you can and even with the free training video's its amazing how different you will look at the markets. from the very basics to the advance technical s - I have been talking with another Trader who is looking to take the 12 week transformation course. After watching the video's took me a couple of weeks but every they teach was just sinking in and I didnt think twice about taking the next step. You see all these people who say they have the next best thing or the next shiny object which most people always look for, they change from strategy to strategy always looking for a new one because what they are doing is not working, its not the next shiny object 99% of the time it is the trader,

They dont stick to their rules, they dont really have a strategy, they need the belief and need to be shown how to make a strategy their own and this is what they teach you to do. They teach you to create a strategy that you prove works which creates the belief in your system and from this belief we take the action needed and from the action we take we see results, then its a circle BELIEF ACTION RESULTS BELIEF ACTION RESULTS - and then no one can tell you that strategy doesnt work because its yours - its your own strategy that no one has and you have created it, then you fine tune it as time goes on to increase reward and minimize risk.

Like I mentioned sorry to get off topic - we see many people saying I can show you a system that generates 300% return or 300 pips per week minimum, and they pay all this money only to get let down because it doesnt work - they then move onto looking for the next shiny object only to fail again and again - this is why they say 90% of all traders fail Jason and Akil tell you straight out the hard truth and its the ones who push through it and study hard to train the brain that will succeed. We know from our testing that eventually we will have a drawdown but we are ready if or when that time comes and we handle it in ways no other traders can.

I couldnt praise these guys and Trade Empowered enough in what they do - they are 110% so dedicated to training so the trader becomes consistently profitable over time. They dig in deep into the trading world from forex to stocks to futures and much more - they have an extensive line of professional traders/mentors/educators all in one.

Darren Oglesbee - he also works within Trade Empowered - he is the founder of the Cypher Pattern its a truely amazing story where he was back testing something else and kept noticing a pattern, in doing this he started to back test what is now known as his Cypher Pattern and the numbers that he produced were amazing, he passed this onto Jason and Akil and they couldnt believe the numbers so they back tested the absolute C%$P out of this pattern and couldnt fault it - they tried so hard to break it and couldnt - and this is how we have the Cypher Pattern.
+1 Reply
jabutheo1 Oztrade
You not off topic, i read and listen a lot I'm of the belief that learning is part of growing. All the info provided by you to me is noted very muchly so. I like your phrase" its not the next shiny object 99% of the time it is the trader". i will surely apply circle BELIEF ACTION RESULTS. Thank you again.
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Hey Traders this Bullish Gartley Is Now Invalid as we have broken the A Leg
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I think it was perfect... 100 pips from 2.18 and 100 pips from 2.18 later :D
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Miltonfx Miltonfx
* 2.1850
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Oztrade Miltonfx
I have just posted another GBPAUD Analysis - hopefully our price comes to this level then we can have a Stop Reverse Trade. Check it out
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Oztrade Miltonfx
Great work Milton - Its amazing how price respects these levels - bounces off then retraces then bounces right back off again.
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We have hit some nice targets on these patterns - now we are nearing the 88.6% - as we see the drop in AUD which in turn makes this pair climb. Lets see the reaction if we get to the 88.6%
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Target 1 Acquired nicely here - for a +225
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