J_Graystone
Long

GBPUSD Bull Cypher Formation at Market

FX:GBPUSD   British Pound/U.S. Dollar
995 8 26
Bull Cypher Formation Completion at 1.4399

Conventional Targets at 1.4525 and 1.4617

Stops below X which means a large risk for this one. Ill have to see if we can get another reason for entry.

We will have a look at this in this mornings London Live Room.

See you there.

http://www.tradeempowered.co.uk
Hey Jason.

Great find.

I've identified the same killzone, but with a CTS score (FIb inv, HTF, FIb ext, MIS). The cypher now puts me on a CTS 10!

Just waiting for double bottom to give a smaller SL.

Happy trading!
+1 Reply
J_Graystone PRO PetriKleynhans
Nice Work!
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what u means stop loss below x?
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Z_Afiq prince125700
X is 1.4297
+1 Reply
J_Graystone PRO prince125700
Stop loss to go below the X starting point of the pattern. ie. below structure support
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athenium PRO J_Graystone
Hi Jason, I like your videos on youtube, they are very informative and at times inspirational. I had a quick question on how you measured your harmonic pattern (cypher) here. I always though that the points B,C and D were to be calculated at the closing of the candles (not the wicks (high/low) although the pattern is usually drawn with the wicks as points.

If thats true then the point B on your cypher only does a ~ 32% retracement where as the requirement for a valid cypher is B a minimum of 38.2%. If you measured it with the candle wicks then it seems to work out...
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Hey thanks for your kind comments! I always use the wicks.
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Looks good.. :)
+1 Reply
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