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Akil_stokes

NZDUSD - (SHORT) Bearish Bat & 1st Shot TCTI just got short the NZDUSD as we've created a pullback into previous structure support which should now act as resistance. During our complex pullback the market was able to form a bearish advanced bat formation coming into our previous outside return which is what i used as my entry reason for this trade. (This is essentially the inverse of what I mentioned in yesterday's Forex market Preview video when looking at the USDCAD) Unlike some of the other trend continuation trades I've discussed in the past, i don't expect a high profit potential with this one due to the level of support that rests back down at the $0.70 level
by Akil_Stokes
17
EURUSD: Two Advanced Pattern Formations & TCT Opportunities Hey Traders, shout out to a good trading friend of min @journeyofaRookie2.0 for giving me the heads up on this opportunity. As a teacher and trading coach, one of the benefits is that when the traders you work with become good, they become extra eyes on the market me. What we're looking at here are two potential Advanced Pattern Formations on the $EURUSD A Bearish Cypher (Yellow) & Bearish Bat (Pink). Yesterday we were able to use a bearish Cypher as an entry reason into a bigger Trend Continuation Trade (TCT) & this setup offers us a very similar opportunity. Charles & I had a discussion about this after yesterday's Warroom Meeting, but we both think that there is downward potential to the $1.0620's areas before finding potential structure support!
Short
by Akil_Stokes
16
USDJPY Pennant Pattern BreakoutSyndicate members there will be a video coming out on this shortly, but I wanted to share with you guys a potential breakout trade that I have on my radar this Tuesday Morning. If you're unsure on the different ways to trade these types of simple consolidation pattern you can check out the video I posted 2 weeks ago titled "How To Trade Breakouts" But there is a lot of potential upside on this trade especially when you consider the levels of structure that we have just broken & the next levels of potential resistance that lie on the daily around the 111 even handle.
Long
by Akil_Stokes
29
GBPJPY: Some Longer Term Analysis (Long & Short)I apologize for the sloppy chart but this was the trade that I recently discussed in my Forex market Preview video & didn't want to erase anything just yet. (Link to my youtube page is in the "signature" box below) But essentially there are two potential trading opportunities that I have my eyes on for this pair. A potential counter trend trade (SHORT) if the market were to make it's way up to previous structure resistance. And a trend continuation trade (LONG) if we were to see some relief, in anticipation of a continued move up towards previous structure resistance. Either way i'm predicting that the market has room for more bullish movement, the question is "How Will It Get There?" and How/IF I will be able to get involved. We shall see!
by Akil_Stokes
6
EURUSD: Retest of Structure & Retest of Double TopEURUSD is setting up almost identically to the Gold and Silver trading opportunities that we discussed in Tuesday's Syndicate video. Looking at a retest of a previous structure shelf that once was support and now is anticipated to show some resistance. We've already double topped during the London session, which means that using the 2618 would be the perfect technique for those looking to get involved. We have another jammed packed day of economic news events being released today especially from the GBP starting at 8am (New York). Thus far this week I've been on the wrong side of most moves but as we demonstrate time in and time out, the only way to get through a drawdown is to trade through it. Easier said than done this week as I'll probably be shutting down shop soon, but I did get filled the Kiwi position so if I could get a positive win on that, it would be a great start to the drawdown healing process. Lastly I'll probably be live on Youtube tomorrow during or right after the Non Farm Payroll release.
Short
by Akil_Stokes
68
EURUSD - Bullish 2618 Opportunity In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation. Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the 2618 trade is about as conservative as it gets. What you'd be waiting for is a move back down into the 61.8 Fibonacci retracement and either entering aggressively with a limit order at that level (or in that zone) or having that be the start of your "Kill-Zone" where you can then look for you entry reason. If you're unfamiliar with this trade make sure to visit our site as we have a free training video on it. Good luck this week traders. I'm looking forward to seeing if I can throw together a positive week after getting somewhat beat up by the markets this past week.
Long
by Akil_Stokes
22
USDCAD: Gartley, Gartley. Gartley & Canada NewsHey traders, take a look at the USDCAD and you'll see that we have 3 Advanced Gartley Formations showing up on the chart. I'm already long the higher time frame pattern formation in yellow. but for those who are not, be sure to keep an eye on the potential bearish & bullish setups that may complete today. NOTE Today at 10:30am We have Crude Oil Inventories being released along with a Bank of Canada Press Conference at 11:15am & Governor Poloz speaking at 4:15pm Good luck in the markets today traders! Trust your plan and trade it!
by Akil_Stokes
44
EURUSD: a 3rd Potential Advanced Pattern FormationEarlier in the day I shared a chart looking at 2 potential advanced pattern formations on the Euro Daily Chart. Well, while in the Live Trading Room we also discovered a third opportunity her eon the 4 Hour chart in the form of an Advanced Gartley Formation. This particular Gartley has a deeper than usual "D" completion providing us with a better risk to reward ratio then what we would typically expect from this advanced pattern formation.
Short
by Akil_Stokes
75
EURUSD DAILY CHART: Advanced Pattern FormationsHope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all) In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there may or may not be a reason to look for that "alternate" reason (depending on your maximum risk rules) ANYWAY, In Green a potential bullish Cypher formation & in BLUE a potential bullish Advanced Bat Formation. If you are going to use an alternative entry for this trade make sure you know what your trade is based off of.
Long
by Akil_Stokes
46
AUDCAD: Another Successful 2618 Turned Potential Gartley We saw this earlier in the week on the DAX, but chart above features a completed 2618 trade that is now looking to potentially complete a bullish Advanced Gartley Formation down at the .9957 level. This type of trade represents a perfect example of when to use a "Stop and Revers" (SAR) in order to liquidate the remained of the original positions and immediately get involved in the new one. With this being the last trading day of the week I'm interested to see how things play out. I'm having a good week thus far BUT I've got a few positions open on YEN pairs that are holding a lot of risk so the numbers can easily flip. As always I'll keep you guys updated in my next video. Good luck out there today traders. TRADE SMART
Long
by Akil_Stokes
28