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Akil_stokes

$EURUSD: "Structured Consolidation" Breeds Pattern OpportunityIt's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns. The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so. I'm currently short the $EURUSD on the bearish Cypher and if everything plays out the way I'd like, then I'll also be collecting profits and getting long at the potential bullish one in green (assuming it stays valid). It's Thursday so that means my FOREX WEEKEND REVIEW video will be coming out on YouTube. Make sure that your a SUBSCRIBER that way you'll be the first to know when it's released. In today's video i plan on talking about the grind of trading, my best trade ever and what i learned from it, and of course we'll be looking at a potential trading setup that you can add to your watchlist. See you then! 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
46
NZDUSD Looking for a reason to get shortPrice has created a Lower Low Lower Close. This gives me confirmation to look for shorting oppertunities. Price has retraced back into structure from the 4hr I am currentley looking for a reason to get short. If I get an entry reason I will look to short and possibly ride it down to the Daily Structure plotted on the chart. Remember you must know Risk to Reward before ever entering a strade. Trade with a plan that has percise rules.
Short
by rozela99
1
USDJPY: Clean harmonics Into A potential Structure ShortIn preparing for this mornings training on IPDE and Trend Continaution vs. Trend Following vs. Countertrend trading, I found a handful of potential good looking structure based trades on the Yen crosses. In this particular example we have some beautiful harmonic movement (equal measured moves) heading into a resistance level. Thanks to that nasty wick at the top our killzone is a little bigger than what I would prefer, but that may not play a difference depending on what type of entry reason we get for this potential short. I've got a video coming out later today on the EURUSD and possible how we can attack this trade as well so make sure you're subscribed to my channel. goo.gl Good luck this week traders and as always please LIKE, COMMENT & SHARE this post. Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
Short
by Akil_Stokes
21
EURUSD: 2 Advanced Pattern Non Farm Payroll Predictions Happy NFP day traders! As you know we've been tracking the EURUSD all week in the live room and last night I was finally able to get short an hour after the New York close. We never know what to expect from our monthly Non-Farm Payroll report (and accompanying news) but here are a few predictions on the higher timeframe that are worth keeping an eye on. We have 2 potential bat patterns setting up on this pair. A potential bullish bat down at 1.0580's and a potential bearish one up at 1.1380's. Something that I truely enjoy about being a trader vs. an investor is the fact that we get to act like a mercenaries in the markets. Meaning in situations like this we're not concerned if the market will go up or down, because we have a plan to attack either situation. Good luck out there today gang and please remember to hit that "thumbs up" button before leaving. I really do appreciate the support! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
by Akil_Stokes
28
EURUSD: An Update Analysis on Recent Price ActionPrice action on the Euro ended up rallying right up to the previous level of resistance that we predicted. Although we didn't see the full trend continuation move that I had on my radar advanced pattern traders were able to take advantage & profit from a pain free bearish bat pattern completion. Price action has now given us a HHHC about previous resistance which means it's time to rework the analysis. (I got a question about this earlier) but short-term this is considered a bullish rotation, however the underlying trend is still bearish & I would now expect a move to the $1.0900-$1.0950's level for my next killzone. With the NFP tomorrow I may not have the opportunity to take advantage of that short, so during my day trading session we'll certainly be looking for ways to get long in anticipation of the potential short in my Live Trading Room. Check out the video I posted yesterday "The Most Important Trading Periscope You've Seen This Year!" www.youtube.com And as always please hit that THUMBS UP on this post and share it with a fellow trader. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com
Short
by Akil_Stokes
31
EURUSD: Bearish Trend Continuation Setup on the 4 HourWe broke this same setup down in the Live Trading Room yesterday, yet never got the pullback necessary to get involved. We've since pushed down a little further and have double bottomed but the same opportunity exists. We just had to adjust our analysis slightly. As we look to start today's trading day this pair will offer a long opportunity to some with price action where it currently is. A short opportunity to others if price action goes where we predict it to go. And for the experienced trader, there may be an opportunity to take advantage of both moves. With not much else on my radar today we'll certainly be looking at this first thing before our Warroom Meeting break. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com Akil@TradeEmpowered.com Twitter/Periscope/Stocktwits/Instagram: @AkilStokesRTM Youtube: goo.gl FaceBook: www.facebook.com
Short
by Akil_Stokes
26
EURJPY: Bullish Bat Pattern (Looking for alternate entry)Looking at a potential bullish bat pattern here on the EURJPY Daily timeframe. This isn't a timeframe that i trade from but I wanted to provide something for the longer-term traders. As mentioned in a comment under my previous post, although I have a specific point of entry for each advanced pattern that I trade, we must remember that it doesn't mean price action will stop on a dime and reverse right then and there. Like anything else, in pattern trading we're still looking at potential reversal zones. For this setup i'll be mapping out my potential reversal zone and as we work our way to the lower timeframes in my live trading room, we'll see if we can find an alternative reason to get involved. Also on my radar $EURUSD $GBPUSD $USDJPY $USDCAD & $AUDCAD Good luck today traders. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Have You Seen My Latest Trading Video? goo.gl
Long
by Akil_Stokes
13
EURUSD: Two Things To Think About & Not Just PatternsHey traders, obviously this is not a time that you want to be trading, but i did want to share 2 things with you guys. 1) Two potential advanced patterns setting up here on the EURUSD inside of our current sideways movement and... 2) The link to the year ending Question & Answer session that Charles Miles, Jason Graystone & myself did this past Monday. www.youtube.com Have a great holiday season! If trading in 2015 went well for you get ready to wipe the slate clean and continue being consistently profitable...and if it didn't then make sure you're doing what needs to be done in order to make 2016 different. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
by Akil_Stokes
20
EURUSD: A Better Opportunity Than Yesterday I haven't done much trading as of late, more so waiting until the end of this week so that I can officially close out my trading year, but we have been doing our everyday analysis of the markets in my Live trading Room and here is an opportunity that we looked at yesterday. As we came into the market on Thursday we saw a double bottom forming on the Euro, however, it didn't quite reach the level of structure that I was looking for so i told my traders that if you're looking to get long, you may want to wait it out because I think we can dip lower. We've now hit that lower level of structure and although it's not a sexy opportunity to get long, it is in my opinion a better opportunity then yesterday due to the reduced risk. On Monday December 21st me and a few other Traders over at Trade Empowered will be doing a Year Ending Q&A session. If you have any questions about how our year went, or are looking for some advice on what you should be doing over the holidays in order to prepare for a new trading year make sure you check it out. I talk about it in this week's Trading Video. www.youtube.com
Long
by Akil_Stokes
17
GBPJPY: Bullish & Bearish OpportunitiesSyndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance. There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade. I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com My YouTube Channel goo.gl
by Akil_Stokes
18
USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision. The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's. Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one "What To Have Before Taking A Trade" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
18
GBPAUD: 4hr TCT opportunity with a Complex Pullback Looking at a potential trend continuation opportunity here on the GBPAUD as the market puts in a complex pullback into previous structure resistance. As we talked about in last night's video, complex pullbacks offer safer entries into TCT opportunities on both the psychological and risk/reward side of things. As mentioned in last night's video there are different areas you can look fat for target taking depending on your level of aggression as a trader, but the risk/reward is so good that you should be able to maintain your minimums no matter what you're shooting for. We'll go over this once again in more detail in the Live Room this morning guys. Akil Stokes Chief Currency Analyst & Head Trading Coach ]www.TradeEmpowered.com Youtube: goo.gl
Short
by Akil_Stokes
5
GBPJPY 1 Hour: Bear Gartley & Bat PatternsLooks like I'm heavy on the Yen today as I'm currently short both the GBPJPY and the USDJPY with sell limits resting on the EURJPY as well. On this particular chart we have both a bearish Gartley and Bat pattern depending on which impulse leg to decided to use as your "X" It's good to be back in the markets after taking a week off for Turkey. Hopefully we can grab a little more coin before the year ends before we toast and start over from "0" in 2016. Here's a link to a new daily video that I'm experimenting with. Let me know if you would like me to do this pre or post trading day by leaving a comment underneath the video. My Morning Rant: www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
18
NZDUSD 1 Hour: Potential Short w/a Few Different Entry OptionsDespite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways, I'm looking for a short opportunity here on the Kiwi (which is also one of the weaker currencies) as we look to retest previous structure resistance for the 3rd time. Yup, 3rd time which means our double top has already occurred and we can now look for a......26-18 for a potential entry. A little hard to see on the hourly, but the view get's a lot clearer down on the 15 minute chart for you day traders. There's also a bearish Cypher pattern hidden in there for you advanced pattern only traders, or for those looking for an aggressive entry into the 2618. We'll look at this more in the live room today and remember gang, it's THURSDAY! So that means my Weekend Review video will be out. Make sure you head over to youtube and subscribe as I'll be doing a training lesson on the 4 Stages of trading and the evolution that a trader goes through. Just type "Akil Stokes" in and it'll take you where you need to go. See ya! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
6