Nifty : Potential Bearish CypherSometime cypher gives inverse Risk:reward but worth it
Though we get few points in patterns, their success ratio are higher than most moving avg based techniques
Check your cypher ratio's n enter the trade
Prev.post ( Let's Ride the waves ) - still valid
I will be out today, so there won't be more post for the day, Sorry Guys !
Happy Trading !
Cypher
LT: Cyphers & Channels - How to trade !Hi Friends,
We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade. When cypher gets completed we can take short positions in LT.
Happy Trading !