32m 54s: Lenght

I have been tracking a potential Cypher pattern on the DAX and it finally completed earlier today. I then went through my usual process analysing from the higher time frame down to the lower time frame. Price action was clearly bearish. I noticed that at each time frame (Daily, 4HR, 60M and 15Min) price action was very harmonic and respecting the Fibonacci Ratio numbers. Through this I identified a bearish cypher pattern on each time frame down to the 5min where there was a potential bullish cypher (Invalid since I did this video @ 5pm 15/12/2015) This video is to show you how I plan to enter this trade on the higher time frames like the weekly, daily and 4 hour using lower time frames to find that kill zone. The goal is to minimize the amount at risk whilst increasing the potential reward. Now with that being said, there is always the possibility that you do all the hard work and identify that sweet spot for an entry...but instead price does not reach to your entry level but instead rallies the way you had anticipated if the pattern completed. This can happen any time regardless of what technique you use any time and any day. You just suck it up and move on to the next trade. I hope this helps