30 Pips A day Keeps the your money at bay

yes, it is frustrating missing your target by just 1 pip, then watching the price spring back up. I know the feeling. It happened to me twice in the week. One time the price actually hit my pending buy order exactly but the order did not trigger. very frustrating. Actually ended the week with a small loss, …but if those two buy orders had of been hit then i would be sitting on profits. oh well, …all i can do next time is try and adjust my order a little bit more above the fib level to ensure it gets triggered.

tell me though, in your post i quoted, how are you working out your D?

I normally draw fibs from B to C and watch for convergences… but I am just wondering if you use any other methods. thanks.

I use the rules for the patterns i posted yesterday. For example:

D point for a cypher pattern is always at the 0.786 lvl of XA.

D point for a bat pattern is always at the 0.886 lvl of XA.

D point for a gartley pattern is always at the 0.786 lvl of XA.

The difference between a gartley and cypher pattern is that the C point always is below A. But check my earlier post. I posted my own drawing of a cypher pattern together with the others. :slight_smile:

ok, thanks :slight_smile:

I did notice though that in the TMB youtube video, his initial retracement of B was a 38.2 of the XA and his pattern still turned into a gartley with D bouncing off the 50% line.

According to those diagrams you posted, a D can never form on the 50% line, or am I missing something or made a mistake?

upon watching the TMB video i thought i was using his method of finding the D for gartleys, by drawing from B to C but then i realized he does not draw from B to C, but does from A to B and then places it on C and watches for convergences. Therefore i must of got the B to C method from somewhere else thinking it was from TMB,

sometimes this stuff gets confusing lol. i think next week i shall just primarily use the TMB methods, and also perhaps check back on some of the diagrams you posted.

I have been trying to figure out the difference between a shark and cypher patter. They seem very similar and in the following example I believe both patterns are possible. The problem is the cypher projects D at .786 of XA and the shark predicts C (D in the cypher pattern) at .886 of 0B.

To me the convergence of the 1.618 projection of AB to C with the .886 of 0A makes me think Shark. What are your thoughts? What is the difference between a Shark and Cypher?


Gartley on the CAD/JPY (5min)

Can we expect retracement after a weekend?


usdchf - h1

is it true ? :33:


Usdchf - h4


your C is higher than your A so the pattern is Invalid

If that is meant to be a Cypher then it’s wrong because your B leg did not retrace nowhere near enough

overall structure is fine, but you have been a bit premature with labeling your D point, as it has not hit the 78.6% of XA yet, and currently in that picture has not shown signs that it is bouncing up.

better would be to assume it is going to bounce on the 78.6

but yes. when the markets re-open again, the price well may have already hit the 78.6% and have already began bouncing up.

thanks defiance for reply

oh, just one more thing. your D is meant to land on the 78.6 of XC if it is a cypher you were attempting. your D appears to land on the 1.272 or 1.61 extension of XC

if it was a butterfly you were attempting [because i know the D point to a butterfly can appear round about the point where you have your D], then your C is higher than your A so this invalidates a butterfly as with butterfly’s the C has to be lower than your A

Audusd - h4


how can i find 78.6% of XA ?
is there a indicator ?

is it cypher pattern ?


Defiance,
Thanks for looking at my graph. I’m still a work in progress.

I’m not quite sure where you got the 78.6% of the XA to be a valid Gartley. Isn’t AB=CD?

I’m also curious if the pattern continues through the open.

Garley’s are everywhere!


in that post i quoted …your AB = CD would roughly = the 78.6% fib.

in other words your AB = CD converges with the 78.6% of XA so that is where you would expect D to land.

Hi All,

Do babypips.com or it’s members offer recommendations about a highly-probable direction of a currency pair, say for

the next 6-12-24 hours, in other works are there any tips for it’s members ??

God bless

upon closer inspection of your graph it appears to me you are not drawing your Gartleys manually but are instead using the Zup indicator for MT4 or something similar. If you want to use the Zup indicator to find your gartleys I suggest you google it and go to a thread and ask for advice there where the people there are specialized in using it. I do not think anyone in this thread uses Zup.