Tutorial [Forex Trading] (Cypher Nightmare) (weekly review)

"I was expecting a move all the way up here to this previous resistance level that we were talking about in that last clip that you just watched and that's exactly what we got within a day or two is a move all the way way up there"

"I do believe this buying opportunity here produced around 55 or between 55 and 60 Pips"

"the first we had on the pound Swiss was a losing bat pattern that came in like this x to A A to B B to C and CD completion right below these Wicks that one took us down for about 40 Pips"

"the next TR trade we took was a structure-based trade and a Fibonacci based trade I call it the 786 strategy it's something that I've went through the market and tested and decided to put in my trading plan and the way I trade it is just go from swing low to swing high after a break of resistance levels and buy or sell if you're going the other direction the 786 retracement and this kind of plays into that but really this was just a structure-based trade after this higher low was created and us still being in somewhat of a bullish Trend higher time frame on a on the 4H hour chart we were actually in a bullish Trend so with this 786 clipped and then also the creation of this higher low here I decided to buy the market here and I had targets set right here at this previous support level"

"I took targets here for around 65 Pips"

"the third trade we took here was a losing Cipher pattern it came in like so X to A A to B B to C and CD completion right around there and as you can see we had stops about 22 Pips above X right here so we were stopped out of this trade for somewhere around 30 Pips"

"on the Aussie CAD we only had one trade this week it was a losing Cipher pattern and it comes in right here x to A A to B B to C and CD completion right around there and this was also a loss of around 25 Pips we had stops about 18 Pips below X here and they were clipped on this green candle here"

"we had three losing Cipher patterns and one successful structure trade the three losing ciphers come in like so X to a A to B B to C and CD completion right around there that was a loss of 51 Pips and next we have X to A A to B B to C and CD completion right around here and the third and final one was a bit larger it came in X to a A to B B to C and C to d right down here and all three of these took us for losses the first one lost 51 then 59 and then 60 Pips on the final one"

"but we also had a successful trade on this pair which came in way of a structure trade and a Fibonacci based trade the 786 trade that I was talking to you about earlier and this is the way it looks we seen a breaking close below the support level so I took a retracement from the swing High down to the swing low and I sold the 786 retracement right here and took targets down at previous structure support right down here and this was a Saving Grace it actually won 78 Pips"

"the euro dollar had a winning bat pattern that you can probably already see if you took a look at my previous video how to trade the bat pattern if you haven't seen that yet go ahead and head over to my channel and check it out it's a very good video very easy to understand this bat pattern is coming in like X to A A to B B to C and CD completion right in there we barely got clipped on our completion and we also got clipped on our targets but barely does count in trading so that was a win of 25 Pips"

"on the dollar CAD here we had a winning bat pattern and it looks like this x to A A to B b b2c and a CD completion right it down in here and this was a winner of 55 Pips"

"first we had a 40 pip loss on the pound Swiss then a 65 pip winner on the pound Swiss next was another 30 pip loss on the pound Swiss"

"next we had a losing Cipher on the Aussie CAD of 27 Pips"

"then a losing Cipher on the pound dollar of 51 a losing Cipher of 59 on the pound dollar a losing Cipher of 60 on the pound dollar"

"next comes the Saving Grace of 78 pip 78 pip structure trade on the pound dollar"

"a 25 pip bat pattern on the euro dollar"

"a 55 pip bat pattern on the dollar CAD"

"a 59 pip structure trade on the Euro pound and a 52 pip structure trade on the Euro pound"

"it is highly likely that you will eventually come out of that draw down so I hope this helped everyone with their emotional battles and uh hope it was educational"

"I'll be doing a video pretty soon on the 786 trading strategy that I've been showing in the past few videos and also a tutorial on the dartley and the cipher pattern"