faifus
Long

RSI BAMM Cypher UsdJpy 1 h.

FX:USDJPY   U.S. Dollar/Japanese Yen
301 4 1
RSI BAMM in a Cypher CD leg in UsdJpy             1 hour chart.
dojitrader
3 years ago
I'm curious why your strategy would signal buying into an incomplete sell pattern instead of buying the completed Gartley at this same level which, by the way will make this less aggressive than it really indicates.
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faifus
3 years ago
The Gartley is a nice pattern but in my opinion it has got large SL and a not very good risk/reward ratio. The D point of the Gartley ended at the C point of the Cypher at 1.27. If we didn't entry over there, ww have a new chance now, at the new C point of the Cypher at 1.14. But this is not the Gartley entry anymore, it is just a CD leg of a pattern, so is low success probability. And here is the thing, we have now a RSI BAMM strategy supporting the trade, so is not a simple CD leg. Let's see what happens, maybe we are lucky! :-) This is my opinion, but if you disagree, please let me know, I apreciate diferent points of view. ;-)
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theb0x
3 years ago
what is RSI BAMM ? if i can share
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faifus theb0x
3 years ago
I have commented a bit more in here if U are interested...: http://www.faifus.es/2013/10/rsi-bamm-usdjpy.html
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