Alexander_Nikitin
Long

long opportunity on gbpusd

FX:GBPUSD   British Pound/U.S. Dollar
quite a good level to enter long using this cypher technic. I don't expect large moves, but we can see some kind of a retracement to the upside
The rules for Cypher C-point are an extension above 1.272 of XA and closure below 1.414, so I'm afraid this is not a valid Cypher pattern.
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For me the C point remains valid as long as it doesn't touch 1.618. I tested this rule and never violate it))
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Nico.Muselle MOD Alexander_Nikitin
So it's a personal interpretation but not a true Cypher pattern ... OK ... I understand :)
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May be. But I think Darren Oglsby (the inventor of cypher) treats cyphers the way I treat them. Jason Stapleton and Akil Stokes (good friends and collegues of Darren) surely treat cyphers that way.
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Nico.Muselle MOD Alexander_Nikitin
Strange that you mention that ... I actually did a course from the people that you mention above very recently, and I can assure you that they don't trade any Cypher that closes above the 1.414 ... but hey, you seem to know better, you are the man with experience ...
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A candle close is not that crucial. My tests showed that very often, we have a candle close beyond 1.414 on H1 timeframe and we don't have it on H4)). I included the results of cyphers that close beyond 1.414 and the probability remained the same. Honestly, I didn't tested all the currency pair, but I'm in progress))
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Nico.Muselle MOD Alexander_Nikitin
As I said ... you might be trading a certain pattern but it's not a Cypher in this case as a cypher cannot close above the 1.414 extension. By the way, Jason very rarely trades patterns these days, except on Monday when Akil is doing the Live Room ... and Akil for sure does not trade it if it exceeds the 1.414 extension on closure.

You might be defining a new pattern here, congrats on that, I will be happy to see the results once you are finished backtesting, till then, your interpretation of the Cypher is even more random as my optimization of entry methods :)
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you may think whatever you want, I don't care))
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Nico.Muselle MOD Alexander_Nikitin
Thanks ! Freedom of speech and thoughts is something that I estimate very highly ;)
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Why didn't you check, what I said about the candle close on H4? It's a very valid cypher
snapshot
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Nico.Muselle MOD Alexander_Nikitin
Because that still would not make it a valid Cypher if you do not tamper with the numbers ;)
snapshot

If manipulating charts for you is allowed in your Trading plan, then go ahead, be my guest. But no matter how you turn it, according to the rules, this is not a valid cypher, not on the 60, not on the 240.
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JasperForex PRO Nico.Muselle
I don´t trade Cyphers so I cannot participate in the rules discussion, but if I ever wanted to learn how to trade them, I would ask Nico. At least he knows how to properly use the Fibonacci extension tool.
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Oh, sorry. That is my fault. i didn't adjust extention tool properly. It wasn't made intentionally. It's rather done in this careless manner because i really don't pay much attention to the 1.414 closure. But I think you've got the idea. Sometimes, there may be NO closure on 240 while there is one on 60. Do you agree with this possibility?
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Look at this chart of Maestro
EURJPY: Consolidation Brings Plenty of opportunity
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Nico.Muselle MOD Alexander_Nikitin
Yeah, this one is valid on the 240, but yours is not ... and that was the whole point.
Btw, you must have seen the same discussion on that trade posting ...
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Tha was you who started the discussion of this chart. I already told you that my rules say that this cypher is valid. The thing is that I have the rules that were tested by myself and you don't have them. May be you have some rules tested by someone but not by you. That's why you don't feel confident in your experience and still trading demo. My rules pay me from month to month. They return my investments. That is the thing. Why the hell do you think I would agree with you and take your rules? Tell me what is the probability that your rules of cypher will pay me at least the same amount that my rules do?
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JasperForex PRO Alexander_Nikitin
I am sorry Alexander. You are the one who started to post comments to a chart by Nico, criticising everything under the sun. That you had already published the idea days earlier (who cares?), that his risk management was off, that his way of testing is wrong, that his trading leads to random results, that he better not trade the pattern anymore, that his demo trading is useless, etc. All in a very condescending tone, assuming an air of superiority towards him.

Nico then came to a chart of yours and pointed out you use the Fibonacci tool incorrectly, that your rules for the Cypher pattern are not the established rules, that your statement about how Jason and Akil trade / teach this pattern is untrue and that a 4H chart you posted is incorrect. And now you lose your cool and blame him for “starting a discussion” at your chart? That is funny. As you make your bed, so you must lie in it sir. Just my thoughts on this!
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Well, guys, forgive me please. I didn't mean to offend anybody. Just wanted to leave a positive feedback and some constructive criticism)). A "condescending tone, assuming an air of superiority" was the farthest thing from my intentions. I never thought anything like that. Well, who cares what I thought?:))
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Nico.Muselle MOD Alexander_Nikitin
1. I did not say that your pattern was not valid, I said that it was not a valid Cypher.
2. If you want to trade this pattern that is not a Cypher, good for you, maybe give it another name and get some credit for it.
3. The reason why I am still in demo is not something I even bother to explain to you and whether I have done my testing or not will be for me to know, not for you. At least I do not claim a pattern to be a cypher when clearly it is invalid.
4. I never at any moment expected you to agree to my rules or follow them ... as I said before, every trader makes up his own trading plan.
5. This site was created to give helpful feedback to others, but the way you provided feedback on my charts was never with the intention to help, only with the intention to bring me down. This was the reason why I checked your charts and what do you know ...

Anyway ... the lesson you can draw from this is that before you criticize someone else, make sure you're free from mistakes or it will backfire on you. I know I am a novice trader and I know I have a lot to learn, I am very open to supportive criticism but one thing is for sure, I do not take people looking down on me.
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