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EURUSD: Potential Bullish Cypher Pattern & Why I'm Waiting It's a busy Monday in the Markets as we're seeing a lot of corrections from last week's major news event. I've got a lot on my radar including potential longs on GBPJPY & AUDUSD. As well as a few potential shorts on GBPJPY & USDJPY. In fact the USDJPY may be filled already on a bearish Cypher . Speaking of Cyphers we have a potential bullish Cypher here on the EURUSD down at 1.1165. Now because the risk is beyond my acceptable levels (100pips) I won't be able to enter aggressively at the D completion, rather I'll have to wait until I get an alternate reason inside the Kill Zone. in the future I'll be able to simple move my entries down to a level that will put me within that 100pips zone however I do have "rules" about when I can change "rules" so that can't happen until the end of the quarter. There looks to be lots of movement in the market which means lots of opportunities, so i'm excited about the week ahead. I'm also excited about some testing that I'll be doing trying to "break" a level III system to make sure all of the bugs are out. Admit it you'd be excited to if someone have you a sledge hammer and said "swing away" Good luck out there traders and thanks for all of the kind comments from this past week's Weekend Review video. The speech that Jason Stapleton gave was great and hopefully it had an affect on your trading mindset! (Here's the link www.youtube.com) Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com
Long
by Akil_Stokes
72
USDCAD: potential Bullish Bat (4 Hour Chart)Two trades on my radar this morning a potential bullish gartley pattern on the USDJPY & a potential bullish bat pattern shown here on the USDCAD. I wanted to share this one with you because it does a better job of following up on this week’s theme of combining patterns with the overall ebbs & flows of price action. If you remember, yesterday’s video covered that same topic as we walked through the EURJPY combining both structure analysis and advanced patterns. (“Looking Over A Forex Trader’s Shoulders” tradeempowered.com ) Hope you guys stayed safe out there yesterday. I cancelled all three of my positions going into the rate statement just to remove all exposure. In hindsight I would have benefited greatly from leaving them on but it was 100% the correct move for me to get out. Although trading is technically a gamble, it’s a gamble I only want to take when I feel that I have the edge. Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
10
EURJPY: Walking Your Through A Trade Setup (Video)With the FOMC Statement/ Interest Rate decision coming later today, I have no intentions of having any exposure in the market. If you're like me and plan on sitting on your hands until the dust has settled then feel free to kill some time by watching my latest Forex Weekend Review video. It's a little on the long side but in this week's video I walk you through how i breakdown a potential trading setup as well as share with you my thought process as the trade progresses. I also share with you a very powerful speech by Jason Stapleton talking about "the Reality of Trading Performance" and what the reality of ta trading equity curve looks like as well as some insight into "Why we started the Syndicate program" "FOREX TRADING: Looking Over A Trader's Shoulders" www.youtube.com I hope you guys can kill some time before the 2pm (NY) news event and PLEASE be careful out there. Don't try and get cute, it's really nothing but a gamble...and not the educated ones that we like to involve ourselves in.
by Akil_Stokes
25
EURUSD: Counter Trend @ 1.12s or TCT In Anticipation of the moveA lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the next potential speed bump may come around the 1.1200 even handle number. Aside from it being a psychological number, we have multiple harmonic moves setting up in that area, some Fibonacci extensions, and most importantly, looking left we’ve got structure leaving clues. As discussed in yesterday’s live session, the question just isn’t “where will we go?” but “how will we get there?” And this offers yet another trend continuation (TCT) opportunity if the market were to retrace in anticipation on that 1.1200 level being hit. Of course counter trend (CT) traders, this makes no difference to you as you’re only waiting for the next structure level. We’ve got the Jackson Hole Symposium going on today which may provide some movement along with Pre-GDP and our normal Thursday Unemployment Claims out at 8:30am & Pending Home Sales at 10:00am. I don’t even try to pretend that I can predict the outcome of these events, but keep those in mind while trading today. We’ll be keeping an eye out for this one in our live trading room today along with potential trades on the GBPUSD, EURJPY, GBPJPY & USDCAD which are all high on my radar. Also it’s THURSDAY so make sure you check out my Youtube page later for my weekly Forex Trading Video www.youtube.com Have a great day of trading gang! Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
23
EURUSD: Now I'm Ready To Buy On Our 2nd Test of Yesterday's ZoneFollowing up on yesterday’s EURUSD analysis, the market reached my killzone and we saw a slight bullish bounce as previous resistance turned into support. We have now made our way back down into that zone, but this time the ebbs and flows of price action have set up a potential advanced pattern in the form of a bullish bat. If you’re a Syndicate member, check your emails as I just recorded a video on this same trade talking about the potential bearish bat that may form as a result of this as well and why you may, or may not want to use this as an “aggressive C” opportunity, but to keep things simple, the ATR has been big enough on this pair to provide more than enough potential profit by taking traditional targets so there’s really no need to get fancy. After all, as I mentioned yesterday I’m still uncertain whether our new structure high was a true move or just a fear based reaction to the madness that’s been occurring. Personally, I’ve always been a fan of getting my money and getting out, especially in times like these. Anyway, we can discuss it more in the Live Room today. Good luck traders and continue to be safe out there. Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
44
EURUSD: The Next Potential Short on Euro, Bearish 2618As price action makes its way back up towards previous structure highs, we’ll reach what I like to call a “decision point” in the market. I call it that because it’s at this point where our “IF/THEN” thought process comes in today play in our decision of whether to go long or short. Because we have yet to break structure, I won’t touch on the long option, but the short option is playing this current move as a 2618 trade. We have already entered the killzone starting at 1.1120’s and at this point I would be dialing down to your lower timeframes and looking for an entry reason. IF this 2618 does complete and rollover, it would also be the “C” leg of a potential bullish bat pattern. You guys know how I feel about the “aggressive C” trade (BAD! BAD! BAD!) but this would be one that actually makes sense, only because you have a valid reason to enter. I’m feeling horrible today as I’ve caught a cold from somewhere, but with A LOT on my trading radar (Syndicate members, take a look at the tradefloor this morning) I don’t want to miss what could be a day ripe with opportunity. (If you’re unfamiliar with the 2618 trade, the free training is on our website under the “Learn to Trade” tab) Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Short
by Akil_Stokes
102
EURUSD: CPI & FOMC Today. My Advice of Trading News ReleasesToday should be a very important day for the EURUSD as we have both CPI and FOMC Meeting minutes coming out for the USD at 8:30am & 2:00pm (NY) respectively. Like many pairs as of late the Euro is currently at a spot right between structure levels where I have neither buying or selling interest. Hopefully today’s releases will push price action to either support or resistance, allowing me to have a much better read on the market for the remainder of the week. On yesterday’s post I had a good conversation with a trader about predicting news. Whether you should or shouldn’t is completely up to you as a trader, but I do offer this advice to those who are new. Good news doesn’t always equate to a good move and bad news doesn’t always equate to a bad move. Rarely does the market move based on the actual number that is released, more so the interpretation of that number which is what makes trading news a difficult thing to consistently do (unless you’re a longer term trader). If you already have a position on (based off of the technicals) and you decide to hold an extended target because you think that the market may react a certain way, then that’s a different story as I trust that you’re using well planned out trade management techniques. But I would urge you not to try and take a position purely based off a guess, the risk over time well outweighs the reward in my opinion. For you guys that joined me in yesterday’s Live Room Google hangout, (here’s the recording www.youtube.com) I did get filled the USDCAD that we talked about. This may be a perfect example of what I mentioned above about holding a partial position if you anticipate a certain move. Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
13
GBPJPY:Gartley, Bat or Butterfly w/ video on Rising WedgesAs you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already “A Trading Book Must Own & Trading Simple Patterns” www.youtube.com Today I have a handful of advanced patterns on the radar including a bear gartley, bull bat, and a bull butterfly. I’m not too big on butterfly patterns so I’ll be ignoring that one but it’s there. Aside from that, I just got short the AUDCAD from last night’s Syndicate video which is now featuring another rising wedge pattern inside of our ab=cd/2618 trade and I’ve got my eyes glued to EURUSD, GBPUSD & NZDUSD from some trading opportunities. Yesterday was a no trade day for me, but hopefully I’ll get some valid signals today and end the week with a bang! Akil Stokes Chief Currency Analysis at Trade Empowered Click Here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
19
EURUSD: Bullish Gartley (Repost)/How To Grow Your Account Video Hey guys, we've been watching this potential setup for a while & price action is finally in striking distance of you D point completion. Therefore I wanted to repost this chart just as a heads up. Keep an eye out for the *ADP Number at 8:15 Eastern. I'm heading out of town so there will be no more post from me this week, however I did leave you guys a short video addressing a common question that I get about "How To Grow Your Trading Account" of course my answer probably isn't what you'd expect to hear, but I'm also not like most traders. Here's the link www.youtube.com Please let me know what you think by leaving a comment under the youtube video. Don't forget to LIKE, SHARE & SUBSCRIBE too, that helps me out a lot. --------------------------------------------------------- --------------------------------------------------------- Akil Stokes Chief Currency Analysis at Trade Empowered Click Here for 20+ hours of FREE Training tradeempowered.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
26
USDJPY: Rising Wedge Into Previous Structure (read description)I’m looking at a rising wedge type of pattern forming here on the USDJPY that is working it’s way toward a pretty significant level of structure (look left). We typically see a breakout to the downside with this type of setup as it represents the market losing steam after a high volume move. I’ll be looking for short opportunities on this pair in the Live Trading Room, but we might want to keep out eyes on the 8:15 ADP number as we are still looking at a very bullish dollar. This is my last active trading day for the week as I’m headed out of town but I didn want to leave you guys with a short video titled “How to Grow Your Trading Account” Here’s the link Here's the link to my youtube video "How To Grow Your Trading Account" here’s the link. www.youtube.com Hitting the LIKE button, leaving a comment and sharing on my youtube page would be a BIG HELP! -------------------------------------------- -------------------------------------------- Akil Stokes Chief Currency Analysis at Trade Empowered Click Here for 20+ hours of FREE Training tradeempowered.com Facebook: www.facebook.com Twitter: twitter.com
Short
by Akil_Stokes
35
EURJPY: Potential 2618 Trade with (How to video in description)Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom signaling a reversal and a retest of that that simple pattern as a way to hop on the next leg of the move. Slow trading this morning were you guys over in London fast asleep? Anyway, aside from this setup all I’ve got is the GBPUSD, EURAUD and GBPAUD on my radar this morning. I think GBPAUD is a steal of an opportunity, hopefully I’ll have a reason to get involved this week before I head out of town. The last thing I want to do is be worried about how my trade is going while up in the air. As always good luck today traders and below are some links if you’re interested in any more free trading content. ------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
4
EURUSD: Potential Bullish Gartley Pattern w/ Great Risk v RewardNot a lot on my radar this morning which is perfect seeing how Monday’s are typically days where I let the markets wake up after the weekend. One pair that I’ve been continuing to watch closely has been the EURUSD which has provided a lot of opportunity over the past month or so. The chart before you shows a potential bullish Gartley pattern completing extremely close to the “X” leg. As I shared with my Syndicate members in this morning’s trading video, this is a really good thing, because it puts us in a situation where we don’t have to risk as much and can potentially receive a greater reward if the trade goes in our direction. I usually don’t take patterns too seriously until the “B” leg is broken so there may be a few bullish opportunities beforehand, but that’s something I won’t be interested in until tomorrow. Good luck in the markets this week traders and as always, if you like this post PLEASE HIT the THUMBS UP button, and if you have any question, comments or would like to share your views on this pair don’t hesitate to type in below. Akil Stokes Chief Currency Analysis at Trade Empowered ------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Click Here for 20+ hours of FREE Training tradeempowered.com ------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Click the link below to subscribe fto my Youtube page www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
46
NZDUSD: New Structure Low, Outside Return, New Structure Low?Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (www.youtube.com) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube. Today I've got bearish cypher patterns on both EURJPY and EURAUD on my radar, but felt like sharing a structure based trade with you this Friday to mix things up. Similar to the AUDUSD (but not the same), the Kiwi has just broken and closed below a level of structure, with a much more significant level resting below. I like to say that structure acts like a magnet so I'm predicting that the market will be pulled towards that lower level. Therefore I'll be looking for reasons to short the Kiwi this morning in the Live Room as the market creates a pullback. Obviously there;s no way to tell now if I'll actually get involved in the trade or not, but my eyes will be glued to this one on the lower timeframes. Wishing all of you a great weekend and do me a favor, if you liked the video above, make sure you subscribe to my channel. I'd like to inspire as many traders as possible so tell your trading buddies to check it out! Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Short
by Akil_Stokes
16
EURUSD: Bull Gartley w/ Great Risk Reward*Just realized we have an ECB Press Conference Today at 8:30am NY. Be careful with this one up to that point* Great day of trading yesterday as I ended the day with a single win (usdcad) and a singles loss (eurjpy). For those familiar with those two trades, I'll take that any day of the week. For those looking for more information on yesterday's USDCAD trade make sure you subscribe to my youtube channel as I'll have a video up at some point today looking at it. (www.youtube.com) Today's radar is thin, only the usdjpy, audusd and this eurusd trade (Dark Blue Gartley). This is a sloppy one (I'm watching it on the 4hr but wanted to show the bigger one as well) but it's a deep gartley pattern which if completed would provide an entry right near our X leg aka previous structure lows. Now, we know that FX data is often different depending on your broker so make sure you double check you "B" leg. Remember if it hits that 78.6 it's no longer a gartley pattern. Risk reward is great on this one 1:2 min for me and for some of you using less forgiving stops it's probably a lot more. I've got some time before the Live Room kicks off so i'm going to do some reading and catch a little bit of the British Open before the opening bell. Good luck today traders and thanks again for all of the love shown yesterday. Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Long
by Akil_Stokes
15
NZDUSD 1HR: Bullish Potential Garltey & Bat PatternsNot a lot out there today, for me at least. We've got a handful of fundamental events coming out once the New York session starts so maybe the markets are waiting for them but keeping it short and simple we've got 2 potential advanced patterns that would complete at the exact same level here on the NZDUSD. Despite the underlying trend being heavily bearish, we are a a weekly support zone which may cause some relief and consolidation. The only other trade I'm in is the USDCAD position from yesterday, but I know Jason Stapleton has a few ideas that he'll share with us when we do our morning Warroom meeting. If you haven't done so yesterday make sure you check out my latest video "A 200+ Pip Trading Day" www.youtube.com and I wish you the best of luck as always in today's trading. Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Long
by Akil_Stokes
50