MegaTrade101 Signature Trading Methodology ( MT101 STM ™ )
Introduction: CIPHER3™
"CIPHER3™ is one of the most effective strategies developed for trading the Foreign Exchange Market as a proprietary trading system. Its delicate process of cross currency analysis is combined with a considerable balance that can be identified and maintained between three (3) +/ correlated currency pairs."
Due to the time difference of the three major markets, certain price action from the previous trading sessions would differ as price fluctuations are influenced from several fundamental forces which makes prices change in a rapid fashion at times.
NOTE: Do not confuse 'CIPHER3' Analysis - a thought driven process as stated above with the 'Cypher Pattern' discovered and defined by Darren Oglesbee which happens to be a 4-leg pattern that resembles a similarity with the Gartley formation & Harmonic patterns with some orther trading based principles of retracement theories that evolved from the original Fibonacci theory. Although, such pattterns can also be applied as a combination of tech tools to identify chart formation whenever the case arises.
ReplyDeleteEach component of the 3step thought-driven process plays a significant role to derive a fairly accurate analysis of the market's direction and have a much better perspective even before price action occurs. While the next focus would be 'properly timing' trade executions.
ReplyDeleteRemember, there is 'No Holy Grail in trading volatile markets' and No short-cuts in the process. If there was one; then everyone would be a winner, but obviously NOT. Due diligence is a MUST.