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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.

thank you…

I got a bit confused when you said he did it the other way around so i watched the video again. He draws a fib from A->B to get the C retracement. Thereafter he draws a fib from B->A and moves it to C. :wink:

To be honest i cannot answer your question about the D. There are so many ways out there and none seem to be right or wrong. TMB has a new approach to old stuff. What i recognized when using TMB’s method with convergences was that the bounce of the convergences (the move up or down counter trend) were much smaller then the ones produced by the original patterns that i posted where for example the D of a gartley always is at the 78,6% or the D of a bat always is 88,6%.

These produce a lot bigger movement and since i always aim to use physical stop losses to remove emotions from my trading i can keep my R:R ration up that way since my stop is above X.

Please, TMB correct me if i’m wrong about something but thats what i’ve come up with so far, observing, drawing and trading these patterns.

Interesting question and funny that you bring that up since i was looking at the same thing yesterday. At the moment i am sick in bed but i will definitely continue when i’m feeling better.

One difference is that D always forms at the 0.786 lvl of X->C in a cypher pattern.

On a shark pattern i have no idea how to know in advance when C will form where you can enter the trade. Thats another difference. You enter your trade into the C to D movement instead of entering at the D. Normally after a shark pattern a bat pattern will form since D mostly is a 50% retracement of B->C.

Another big difference is that in the shark pattern B is an 1.13 to 1.618 extension of 0->X and in a gartley C is always a 1.272 extension of X->A.

Shark pattern:


Cypher pattern:


I will do some backtesting on the shark pattern when time permits. I’ve heard it’s really accurate in predicting price movement (up to 80%). But i want to see that for myself.