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Akil

USDJPY: Bull Pattern in a Bear MarketFollowing up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time. Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
13
GBPUSD: 4 Hour Potential Bullish Cypher FormationPotential Bullish Cypher Formation @ 1.4398. Because of the amount of risk on this trade I won't be entering at the normal "D" completion point, rather a lower level within the killzone. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
63
USDJPY 4HR: Another 2618 ExampleBigger picture I'm still bearish on USDJPY predicting that we still see a move down to 106-105.50's level. However In order to get there I do think that we can see some bearish exhaustion at our current level resulting in a pullback into previous structure at 110.50's-11.00. On the current chart price action has created a double bottom and has followed that up with a retest. We call this setup a 2618 trade which is a more conservative way of entering a counter-trend trade. (If you're new to the 2618, here's a link to the free training we have on the strategy www.tradeempowered.com) Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
30
NZDJPY 1 Hour: The 2618 TradeA good example of a 2618 opportunity here on NZDJPY. If you're unfamiliar with this technique check out the Free training that we have for it on our website. www.Tradeempowered.com Not much else catches my interest in the markets today gang so I'm looking forward to the weekend. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
11
EURUSD 1 Hour: A Short & a Long Idea (Heavy News Today)The Euro has finally broken out of it's consolidation, which may not be a good thing since us pattern formation traders had a pretty decent run over the past few days. Anyway the LLLC leads me to make new predictions about the market and how I want to get involved. Technically speaking there are two opportunities that are on my radar. 1) A retest of previous structure support turned resistance for a bearish trade or 2) a move down to our lower level of support for a bullish trade. We've got heavy news coming out in the form of Retail Sales & PPI this morning at 8:30 est, so the reaction (assuming the market gives us one) will most likely dictate which opportunity will become valid. The key is that no matter what the market decided to do I have a plan for it. I have a plan to take a short. I have a plan to take a long, and I have a plan to stay out all together if my rules of engagement are not met. Good luck out there today traders! Stay disciplined & stay positive! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
17
USDCAD 4 Hour: Bearish Trend Continuation SetupNow that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can. After being broken, previous structure is typically retested. In this case that would mean support turning to resistance. So what i'll be looking for is a chance to enter short as the market becomes exhausted and finds some relief. The 129.00 price is a great psychological level, but my initial kill zone will begin as low as 128.50's. We'll be tracking this as the week progresses in my Live Trading Room but I'm certainly in no rush to "get involved" until my rules for entry are met. With a handful of news events setting up for tomorrow including USD Retail Sales, PPI and CAD Monetary Policy/Rate Statement I'm in no rush to jump in a trade that I'm not 100% sure I want to be in. Excellent day of trading today gang! And if you didn't see the video I produced explaining why that's not always a good thing make sure you head over to my Youtube channel and check it out.
Short
by Akil_Stokes
8
GBPJPY: Bear Gartley Formation (Follow Up On Last Week's Video)Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!) If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry point as it approaches our previous minor level of structure. Best of luck with your trading this week! Last week's trading video on the GBPJPY www.youtube.com
Short
by Akil_Stokes
39
GBPJPY 1 Hour: Staying 1 Step Ahead of the MarketI just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader and of course subscribe yourself if you find it worth your while. Staying One Step Ahead of the Markets video goo.gl Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
11
GBPUSD: Decision Point "IF/THEN"1st of all thanks for all of the great feedback on my recent article in FX Trader Magazine. You guys are great!!! Now to the charts! GBPUSD is making it's way down to a key decision point level. I call this level a decision point because how I decide to trade this will be determined on what type of decision is made by price action at this level. If you've been following myself or anybody at Trade Empowered, then you've heard us mention the "If/Then" thought process. Here's a perfect example of how/when it comes into play. "IF" price action holds at that level "THEN" I'll be looking for a long opportunity. "IF" price action creates a Lower Low, Lower Close (NSH) "THEN" I will shift my mindset & look for a trend continuation type of trade to the bearish side. We'll be keeping a close eye on this pair in the Live Trading Room today, and some pairs with similar setups will be the EURJPY and USDCAD. **KEEP NOTE*** We do have FOMC Minutes being released this afternoon at 2pm New York time. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
63
EURUSD 1 Hour A Basket of Potential Advanced Gartley FormationsDepending on your trading style you can look at consolidation in one of two ways. 1) choppy boring & full of false signals or 2) choppy, boring & full of potential opportunities. For traders of these advanced pattern formations, it's usually the later and on the EURUSD, we have 3 of those advanced formations potentially setting up. I'll be keeping the 2 bigger formations on my radar, leaving the smaller ones to those day trading the London Session (maybe in my buddy Jason Graystone's Live Room if I dare insert a shameless plug) but we'll see what the markets have in store. Also it's been a while since I've done this but I've written a blog post talking about drawdowns. As many of you know this mornings GBPUSD winner knocked me out of a funk so hopefully this post will open your eyes a little to how professional traders deal with drawdowns, because guess what WE GO THROUGH THEM TOO. Here's the link "A Lesson from Pain" tradeempowered.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
26
EURJPY: 1 Hour Advanced Gartley Formation CompletionI typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry. One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial entry of 127.20 so (opening gaps aside) we're looking at a better entry on the Sunday open. As always, wish all of you guys a great week of trading and continued success along your trading journey! Oh and Go Everton, Beat Man U!! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
45
EURUSD: 2 Potential buying Opportunities on My Radar It's been a week since I've found anything to trade on the Euro, but maybe that will change soon as I have 2 potential buying opportunities on my radar heading into today's trading day. Still in consolidation I'm not predicting any type of continuation move, rather I'm looking for previous support and resistance levels that I can take advantage of as this market continues to bounce back and forth. If a valid trading opportunity does not show itself at the blue kill-zone, I would then be looking to involve myself in the Bullish Cypher pattern at would complete down at 1.033. Not noted on my chart, but for those looking to get short, that resistance level comes in at 1.350's Good luck int he markets this week traders! And thanks for all of the great feedback on my "9 Habits of High Achievers" video. Good to see that a video like that does have your interest. I'll look to do more like that down the road. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
22
GBPUSD: Advanced Cypher Formation at Previous SupportLast week I shared with you a video of a prediction made on the GBPUSD and what you could be looking for if you didn't get involved at the original entry. Well we never got the double bottom, however there is now a chance that we could see an advanced pattern formation complete in that same area. The three ways to attack this trade would be A) Strictly trade it as a Cypher Formation B) Just use the Cypher Formation as the entry reason for the bigger structure based trade C) Both If you haven't seen it, make sure you check out the Live Periscope that I did yesterday called\ "9 Habits of High Achievers" www.youtube.com Wishing you all a GREAT WEEK in the markets. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat, Stocktwits)
Long
by Akil_Stokes
5
EURUSD: How To Make A Trading Prediction (with Video Link)Busy day today...now that the dust has settled it's time to ask ourselves "What's Next?" I took this opportunity to record a video going over the I.P.D.E. thought process that I use when performing technical analysis & walk you through how I go about making my trading predictions before looking for entry opportunities. Here's the link to the video www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Long
by Akil_Stokes
39
USDJPY: Potential Bearish Gartley with Good Risk/RewardPotential Bearish Gartley Pattern. With the completion being so close to the "X" leg it provides a really good risk reward ratio. Hope to see all of you guys for tomorrow's "Paradigm Shift" event. If you're not signed up shoot me a private message and I can get you the link to do so. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
54