dionvuletich
Long

XAUUSD 1hr Cypher Pattern

FX:XAUUSD   Gold/U.S. Dollar
312 4 2
a year ago
XAUUSD             1hr Cypher at short term trend line
8 months ago
Trade closed: target reached: R1.1:1 Winner Target 1 second portion to BE stopped out for tiny win o/a <1:1 Winner
Yahia.Awes
a year ago
You do you call that trendline if it doesn't have 3 touches yet?
Reply
dionvuletich Yahia.Awes
a year ago
Don't use trend lines - only showing because it coincided with the pattern... I'm trading the Cypher pattern alone and you only need two points to draw a trend line as long as the points are significant
More touches does not necessarily make a level stronger

Trading trend lines is usually a bad idea or most things from off-the-shelf trading books... they have you buying late at an arbitrary level with meadiocre reward to risk ratios and large stops
Reply
JamesZhang
a year ago
XAU/USD updating - Short with new evidence

Actually, I agree with you that the price just finish a patten,and I think the up-trend line has already been broken.
+1 Reply
dionvuletich JamesZhang
a year ago
Good luck with your trade..! at this stage it is not stopped out yet...

NFP pushed this Cypher to a quick win
Reply
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