does anybody can tell me?is it correct?because i am new.a million thanks!
Comments
dojitrader
⋅
Many traders would call this a Cypher, but, it does not really fit the rules
as I understand them. It fits the pattern of a Shark a little better with pt D at the .886
around .8750. The reasons are:
A to B is greater than .500 and the X to A fib ext., pt C, has broken the 1.414
even though it has done so by only 3 or 4 pips.
I've found that Cypher have the best probabilities when the A to B fib is as close
as possibly to the .386 and does not go beyond the .500 -
and pt C only "taps" the 1.272 fib ext of X to A but never goes beyond the 1.414.
I don't bend the rules much on Cypher's - or any other pattern for that matter -
as it radically lowers the % of winners below .500
If you're interested, these websites have lots of free stuff about harmonics:
neoharmonics.com/learning/chapter-2-fibonacci-harmonics/ harmonictrader.com/ trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html Wishing you lots of pips in your pocket for 2014 and beyond !!!!
as I understand them. It fits the pattern of a Shark a little better with pt D at the .886
around .8750. The reasons are:
A to B is greater than .500 and the X to A fib ext., pt C, has broken the 1.414
even though it has done so by only 3 or 4 pips.
I've found that Cypher have the best probabilities when the A to B fib is as close
as possibly to the .386 and does not go beyond the .500 -
and pt C only "taps" the 1.272 fib ext of X to A but never goes beyond the 1.414.
I don't bend the rules much on Cypher's - or any other pattern for that matter -
as it radically lowers the % of winners below .500
If you're interested, these websites have lots of free stuff about harmonics:
neoharmonics.com/learning/chapter-2-fibonacci-harmonics/
harmonictrader.com/
trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html
Wishing you lots of pips in your pocket for 2014 and beyond !!!!