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Akil_stokes

Potential Bullish Flag Breakout Into A Bearish BatA lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern. I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be keeping my eyes on to see if I will get a chance to be involved. If so you can look to ride price action up to the potential bearish bat and then stop and reverse putting yourself short the advanced pattern. Not that this means much as I don't have that much of a bearish bias, but the Bat completion would also give us a valid C leg of a much bigger Gartley pattern located on the daily. If you want to get a better idea of how I trade please check out my YouTube page where I have over 100 FREE trading videos posted. www.youtube.com Also for day to day insights of what I did in the markets and what lessons were learned from it check out my blog at ratiotradingmentor.com
Long
by Akil_Stokes
19
GBPAUD: Retest of Triangle via Bullish Gartley (+video)GBPAUD has been a pair that we've been tracking for about a month now. For the past w\few weeks we've been waiting for the ascending triangle breakout and now that it's occurred the next chance to get long would be a retest of structure. As the market has wiggled it's way down, we've set up a potential bullish Gartley pattern that can be used to take advantage of a longer term buy or simply just trade as the pattern that it is. Also yesterday, I released my usual Thursday night video. It has nothing to do with this particular trade but it should provide a better idea of what I look for when analyzing a price chart. www.youtube.com
Long
by Akil_Stokes
16
USDJPY Descending Wedge Into Previous StructureLooking at a long opportunity here on the USDJPY for a few reasons. The first is a retest of our previous outside return and the second is the descending wedge pattern that exist. I'm typically not a wedge, triangle, flag, or pennant trader, but I am a structure trader so when all the starts are in align I take it. SYNDICATE members I'm producing a video as we type with a more in depth look at the mindset behind this trade idea along with a few other setups as well.
Long
by Akil_Stokes
19
USDCAD: Almost Everything In A Single Chart*Here's The Link To The Video Explanation of This Trade www.youtube.com Rather than write out a lengthy explanation for this trade, I decided to include a video break down in my Weekend Review video which will be out on YouTube tonight. The video typically takes a good amount of time to produce and upload so I decided to share this chart before it's completion. Analysis was performed on the 240m with the reason for entry occurring on the lower timeframes. A lot is going on here, but at the end of the day it's simply a price action and structure based trade. *I'll edit the description box with the video link as soon as it's available.
Long
by Akil_Stokes
14
USOIL: WAITING FOR THE SELLI don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy downtrend I'm not looking to hop on the bullish move late, rather I'd be looking for the next place to reload short orders and see if I can catch the next wave down. Syndicate members I'm going to record a brief video for you outlining this trade so check your emails in a little while. But I think I did a rather good job of trying to be as detailed as possible with all that I see. I actually think we could go lower at our current point so this one may be worth taking two shots on.
FX:USOILShort
by Akil_Stokes
10
USDCAD: ABCD, BAT & MoreLINK TO VIDEO RECORDING: www.youtube.com We discussed this in my Live Trading room this morning and I'm a little late getting it out to you because I wanted to pair a video with it. But what we're looking at is a Bullish bat pattern completion on the USDCAD 4hr Chart. At that completion level we also have minor structure, Fibonacci ratio confluence, and multiple AB=CD patterns. I'll attach the video in the comment section as soon as it's done, but with a large stop/loss on this particular trade, I walked my live room members how to go about making the setup work for them.
Long
by Akil_Stokes
48
GBPUSD: Part 2 The 2618This morning I posted a trade idea titled "3rd Times The Charm" In this idea I mentioned that i had previously taken 2 losers on this particular currency pair the day before and was ready to reload once again for another shot at getting short. Well that trade payed off as our double bottom/ Bat pattern (LTF) rolled over without much pain this morning and then even more so after this afternoons fundamental action. For those of you who took the trade congrats. For those who didn't the next opportunity to get short will come in the form of a 2618 setup. Here's a link to a FREE training that we did on the 2618 if you want to learn the strategy. www.youtube.com But essentially what we're looking for is the break and close below the initial double bottom (signifying a rotation in trend) followed by an outside return into the 61.8 or structure. typically targets are taken at the retest of the latest impulse leg and some sort of extension whether it be the 1.272, 1.618, ac=cb or just future structure.
Short
by Akil_Stokes
6
USDJPY: If You Hate Patterns Don't Look At ThisI like to think that each currency pair has its own genetic code. Some pairs move very harmonically, some pairs do not. One of the reason that I like to keep my trading portfolio small is so that I can get a good feel for how each pair likes to move. Over the past few years I noticed that the USDJPY likes to go on these insane rallies....followed by consolidation in the form of a wedge pattern. Check out a daily or weekly chart and you'll see exactly what I mean. If there's one thing we know about consolidation is that "Consolidation Yields Patterns" And over the past few weeks this has been one of my favorite pairs to trade. I typically don't like the JPY but it's been a big help in pulling me out of some recent drawdowns. As I noted in my WEEKEND REVIEW video today, I'm currently short on a Gartley pattern completion at 118.65. this is still a tradeable pattern, but the risk/reward has become slightly less attractive due to the retest of the X leg. However, looking towards the future, IF price action does roll down in my favor THEN we're most likely to retest the previous structure lows once again. IF you're looking for an entry reason at that support level THEN look no further than the potential bullish bat pattern that we have setting up. I get asked a lot about where do stops go and I teach a handful of techniques to measure them. But in general I ALWAYS place my stop loss beyond structure and in the case of advanced patterns (Gartley's, Bat's & Cyphers) The "X" leg should always be a level of structure. You can check out my latest video here, which breaks down a similar opportunity on the GBPJPY www.youtube.com
Short
by Akil_Stokes
8
GBPJPY: A Beautiful Cypher Within Our Outside ReturnWhat we have here on the GBPJPY is a potential Bearish Cypher pattern completion forming within a retracement leg of the underlying trend. This pair has spend 6 straight days being bearish so it wouldn't surprise me at all if we saw some relief. So the question is IF we're going to get a pullback THEN where is price action likely to go? 9See how I snuck that IF/THEN thought process in there). Well if you understand how to read a price chart then you know that when in a trend and looking at a pullback, that outside return should complete between our previous structure lows and our previous outside return. We then want to create an "A-KILL" zone within that area for our trading opportunity. In this particular trade we would have the completion of an advanced pattern as well to aid in our decision making of where we want to get involved. I also have drawn out a potential reversal zone slight;y above the pattern completion which offers structure and Fibonacci confluence. If you want to see another example of price action trading and how to combine it with advanced patterns. Check out the YouTube video that I posted last night. www.youtube.com Akil
Short
by Akil_Stokes
8
TRADE SUMMARY FOR MY SPECIAL CLIENTSThese are trades i picked and showed to my special clients. some of them i had posted for every one to see especially the big cypher should you wana be interested in looking at the next week's trade still from this continuation cause i sense an opportunity coming from this again and again but please dont come with the mind to make millions a day, rather just be rest assured to be very and very profitable. got a new pattern i have discovered how it could be drawn for profits. interested advanced harmonic pattern traders can link me up. to subscribe to this or to get further info on this please let me know. if you wana subscribe let me know either. thank you happy trading people
by chrystael
GOLD/U.S.Dollar Back down to 1200After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why trend continuation traders have the opportunity to use this as an entry reason to hop on a potential bigger move.
FX:XAUUSDShort
by Akil_Stokes
54
Bearish Butterfly NZD/USD 15First Post!! Total newbie here!! As result of TradeEmpowered Vision Week webinar Watch the recap here!! promos.tradeempowered.com There're lots of structure trading and chart reading on Forex markets Mentor: Akil_Stokes from tradeempowered.com Case for Entry (ROE) Underlying Trend: BEARISH RSI OB -> Retest wt lower RSI = Bearish Divergence Short @ 786RT B leg TARGET 382RT (C leg of the BearishButterfly) Little bit above prev.Resistant STOP @ prev.High Wish me luck, Sensei!
by P.NatButterCake
1
EURJPY Double Top before the CypherAlthough we have a Bearish Cypher pattern resting right above this level, the double top on this pair still looks to be a very good shorting opportunity. A single ATR stop should get you above the structure level looking left so there's very little risk in this one when compared to the potential reward. I wouldn't expect a full blown reversal, looking at the daily, but after double bottoming (on the daily) we have rallied (in a single day) all the way up to previous structure so I would expect some relief, a little give back, a little profit in our pockets hopefully. ;-) Akil
Short
by Akil_Stokes
7
Rite Aid: 3 Drives Pattern & Harmonic PullbacksThe last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look at harmonic moves they only look at the extensions and not the retracements like in a normal AB=CD pattern. But when the market is moving harmonically it will often give us pullbacks that are equal moves to the previous pull backs. In this example a 3rd equal pullback would place us exactly at the previous structure level providing a great exit place for short term traders. I don't follow the stock market as much as I used to so I'm not up to date on Rite Aid's fundamentals but I do know that it recently beat earnings projections, but also lowered it's earnings guidance for the second time this year. Regardless I'm still bullish this stock both as an investor and trader and this looks as good as a point as ever to enter.
RLong
by Akil_Stokes
EURJPY: Simple Bear BatI don't typically do much trading on Monday's as that's my training day, and want to give the markets time to wake up. But I've been keeping close tabs on the EURJPY since last week and now that last week's bullish setup has rallied nicely, we now also have a potential setup as well. I get a lot of questions about how to manage trades and where to take targets off and what I like to tell my clients is to "Think Like The Other Trader" meaning if you're in a bullish position, think about where you would want to get short at if you were a bear. The same way you can build a case for entry, you can do so for exits as well. Good luck this trading week gang! YOU CAN SEE AN EXAMPLE OF WHAT I MEAN BY "THINK LIKE THE OTHER TRADER" IN THE VIDEO BELOW www.youtube.com
Short
by Akil_Stokes
8
AUDCAD: Double Bottom at Right Shoulder (Both Charts)Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at the dollar mark which should act as a pretty powerful psychological level. Now at first glance I thought I would have to let the trade go as I didn't see a significant level of structure, but as I checked my higher time frames I noticed that "looking left" we did have previous structure in the form of a left shoulder. This is very similar to the setup we captured on the EURJPY a few weeks back. On the chart I drew 2 different levels of where to think about taking positions off depending on if your more on the aggressive side or the conservative side. Akil Also, here's the link to my latest Weekend Review video "Has September Been Frustrating?" talking about why September is often a tough month for pattern traders, or non trend continuation traders. www.youtube.com
Long
by Akil_Stokes
8