TradingView
WendelinProbst
Aug 24, 2014 7:15 AM

NZDUSD: Another potential Bear Cypher  Short

New Zealand Dollar/U.S. DollarFXCM

Description

here I have to admit that I made the mistake to take the Orders of the smaller Cypher on friday out as I figured out the bigger pattern. That was obviously a mistake as both Targets (0,382 and 0,618 of CD were hit). but the bigger one is still valid and might also deliver a Profit in case we don`t go below C...
Comments
WendelinProbst
but I try it not to see it like being right or wrong. It`s a simple probabilities game and you never know if your next trade is of the winner percentage or the looser percentage. You see it after a Batch of trades, maybe 20 or 30...
WendelinProbst
on the small one yes, but I didn`t take it, what a mistake... ;-) Big one didn`t come into Play...
tunaSea
And you were right :)
More