J_Graystone
Long

GBPJPY Cypher at market

FX:GBPJPY   British Pound / Japanese Yen
879 views
13
Just been filled this GBPJPY Cypher pattern at market.

Stops below X.

Conventional targets

Comments

Cypher patterns as in this trade dont work and look good but in reality just another tool to use
Reply
tradekev Thomas_Georges
@Thomas_Georges, Cypher patterns do work and this one did hit target one so was a winner. Do some backtesting, you'll be amazed at the results !!
Reply
@tradekev, Hi Tradekev NO CYPHER patterrns do not work iam a full time trader with 20 years of trading Forex Stocks and Metals yes 20 years " what were you doing 20 years ago !
As in this forecast the gbp JPY hit as low as 136.50 15 points lower than your Cypher Pattern forecast
Cypher patterns and Gartleys and such are big names for nothing but to bamboozle new traders in subscribing to people hidden market secret trading systems
The bounce in GBp JPy was news related nothing to do with your CYPHER pattern which DID NOT work and did not hit target for it got STOPPED OUT
please be a bit more on the ball before you bag me i have many times done subscriptions and live trading room webinars with people who peddle such things and i speak from experience
Reply
Thomas_Georges Thomas_Georges
@Thomas_Georges, I dont have a problem for people who wish to sell on trading systems that use the terms Gartley, Cyphers and Bats we all have a right to make a living in whatever we wish to do
I do have problem being told to do some backtesting on what in this trade as per many using Gartleys did not work
FACT this trade did not come thru it was STOPPED OUT
FACT No need to backtest
FACT iam not amazed as you stated in your emails
Reply
tradekev Thomas_Georges
@Thomas_Georges, WOW, I was not attacking you, I merely said Cypher patterns do work so have no idea why you're being so aggressive. I am a consistently profitable trader & I trade cypher patterns on certain pairs, this one WAS filled at 8 am & DID hit target one an hour later a 44 pip WINNER !!...
I trade my own account & money manage for clients, I do not sell any products, subscriptions or trading systems, any comment I ever give is designed to help new traders, not to drum up business. Personally I don't trade fundamentals but I don't feel the need to tell everyone they don't work.
To make sweeping statements like 'FACT no need to back test' is just idiotic & is not sending out the right message to new traders trying to learn the skill. Before you attack any other traders on here I would suggest you take your own advice & please be a bit more on the ball before you bag me. If you can't offer constructive & accurate information I would suggest you don't post on trading view. I wish you every success in your next 20 years trading.
Reply
Aidan123 tradekev
@tradekev, WELL SAID!
Reply
@Aidan123,
Guys it hit the target YES due to news but was stopped on the levels of the CYPHER check out the chart levels of the CYPHER
hitting target had nothing to do with the CYPHER pattern
Dont post comments unless you can back them and no need to be personal about my trading time Bit RUDE and childish
Reply
tradekev Aidan123
@Aidan123, Thanks Aidan !!
Reply
@tradekev, Guys it hit the target YES due to news but was stopped on the levels of the CYPHER check out the chart levels of the CYPHER
hitting target had nothing to do with the CYPHER pattern
Dont post comments unless you can back them and no need to be personal about my trading time bit rude keep things proffesional and not personal OK
Reply
Thomas_Georges Thomas_Georges
@Thomas_Georges,
Try and find any London trader who trades a sizeable portfolio fund for an institution whether they use CYPHERS
I did not when i worked in the city trading fund money
Reply
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