Akil_Stokes
Short

GBPCHF: 2 Bearish Cyphers

FX:GBPCHF   British Pound/Swiss Franc
Many of you that follow me are aware that I've been testing out a new theory on the Cypher pattern . In fact i initially had 2 theories that I wanted to test but after speaking to the creator we decided to focus on the one. I'm months away from completing this testing since free time is hard to find these days with the new born and all, but this is the first opportunity to get a real life look at the concept.

Anyway, 2 potential Cypher patterns on this pair and both can be traded as the smaller stop/loss won't overlap with the bigger patterns entry. Good luck in 2015 traders.

Akil
http://www.ratiotradingmentor.com
Hello sir,

Aren't you concerned about any SNB intervention as we are now sitting on their EURCHF floor rate ?

snapshot
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Akil_Stokes PRO J.Livermore
If I were trading that pair yes I would take it into account, but I'm only concerned with what I see on the GBPCHF pair.
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J.Livermore PRO Akil_Stokes
SNB external/artificial devaluation would be bullish for any xxx/CHF pairs.
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Akil_Stokes PRO J.Livermore
I understand, but as a technical trader my job is to trade what I see on the chart.
+1 Reply
Neel_K PRO J.Livermore
Thank you for this tip! Isnt it due later in the month?
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My ques is to @J.livermore
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Hey Akil, Thanks for sharing as always and Happy New Year to you as well.

Good luck trading!!
+1 Reply
Akil_Stokes PRO moneymaking
thanks you. Here's to a great year of trading for all of us in 2015
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Thanks you! Looks like a Bat completion a little higher as well.
+1 Reply
I don't see any bats higher, but we may have a different rule set
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Thanks Akil, you rock. Congrats on your new family addition :)
+1 Reply
Thank you
+1 Reply
Hey Akil, is it better to take this trade after the FOMC meeting that is coming up at 2 pm? Thanks!!
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Akil_Stokes PRO moneymaking
The trade has already completed and rolled over to profit targets so i wouldn't look to re-enter. The bigger one is still valid however
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Good to see you back! Best Wishes with your trade
+1 Reply
Thanks for sharing, but can you help me by telling where would be the stop for the bigger cypher ?
I want a good risk reward ratio but I stopped out when I put a smaller stop.
Thanks again for sharing this. :)
+1 Reply
It's often hard to get a good risk reward on Cypher patterns but putting your stop a minimum of 10pips above the X leg is a good place to start testing
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SuperTramp Akil_Stokes
thanks for the reply ;)
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Hello. Could you tell us more about your new cypher theory?
I didn't really paid attention to cypher so far, because I'm uncomfortable with its risk/reward ratio, so I'm very curious about that!
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I still have a long ways to go in my testing so as of now I'm not even sure if what I'm testing is beneficial or not
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Rmarch Akil_Stokes
I see, thank you. Good luck for your testing!
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Thanks Akil for this posts. I'm learning a lot from your videos and posts. Please keep doing it in the future.
+2 Reply
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