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
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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
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!
Reply
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
Reply
Rmarch Akil_Stokes
I see, thank you. Good luck for your testing!
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
Reply
SuperTramp Akil_Stokes
thanks for the reply ;)
Reply
Good to see you back! Best Wishes with your trade
+1 Reply
Hey Akil, is it better to take this trade after the FOMC meeting that is coming up at 2 pm? Thanks!!
Reply
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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