USDJPY: Bearish Cypher Pattern @ 119.10

FX:USDJPY   U.S. Dollar / Japanese Yen
Bear Cypher pattern completion @ 119.10. Minimum stops would need to be above 119.35's. Key word minimum. Technically speaking we've been seeing a series of NSH's so one would think that this previous OR would be a good source of resistance. But it's also trading we''re talking about so you never know.

Akil Stokes
Chief Currency Analyst

"On My Radar: April 20th" http://ratiotradingmentor.com/2015/04/20/on-my-radar-april-20th/
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lol i think alot of pattern traders are getting owned the last 2 weeks
Obviously I can't speak for the masses, but we've actually had some really good performances
You got owned on this.
+1 Reply
Akil_Stokes PRO JoshMichael
Darn right I did! Market showed me who's boss
+1 Reply
J_Graystone PRO Akil_Stokes
Damn! They cant all win. All we can do is trade them consistently
+1 Reply
Cypher patterns are what, approx 80% success ?
That number depends a lot on your trading timeframe and the portfolio of pairs that you're trading them on, but typically they complete between 70-75% of the time.
+1 Reply
J_Graystone PRO Akil_Stokes
Damn. Took the words right out of my mouth. Also depends on your entry rules and stops rules.
IanMFX J_Graystone
Thanks. makes sense to both yours and Akil's answers.
I've closed with +5 and good think I got out there :D
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