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EURJPY: Double Top Follow Up & TCT Opportunity Earlier in the week we looked at a short opportunity on the EURJPY. After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits. (GREAT FEELING WHEN YOU KNOW THAT IT'S A PROFITABLE TRADE NO MATTER WHAT) In the Live Room today we'll be looking at a potential move back into our previous outside return which would give Trend Continuation/Following traders a chance to get involved in the final part of this short. 129.60's looks to be a decent level to expect some profit taking and some bullish pressure. Have you seen my latest youtube video? Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com - YouTube goo.gl Face book: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
12
GBPUSD: A Trend Continuation & Countertrend Idea (Video)Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well. Make sure you check out yesterday's video for an explanation of the TCT trade "Statistics on Why Most Traders Fail" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
by Akil_Stokes
14
EURJPY: Counter Trend & Trend Continuation Opportunities of 1HRAfter being stuck at the "D" completion point of a daily Bat pattern completion we've finally seen a break to the upside on this pair. We've not run into higher time frame (HTF) structure and I wouldn't be surprised if we saw some relief in price action. This trade setups offers something for both counter trend and trend continuation traders. For the counter trend trader, "look left structure leaves clues" We also have bearish divergence between price action and the RSI. For the trend continuation trader we currently have Fibonacci ratio confluence lining up in our potential reversal zone (or as my Live Trading Room members like to call it our "A-Kill Zone") It's THURSDAY so that means that my WEEKLY FOREX TRADING video will be out today. If you're not a subscriber make sure you head over to my youtube channel and do so. I don't have a fancy title yet but I'll be talking about a report that was conducted a few years ago giving statistical proof on WHY TRADERS FAIL. Good luck out there today and do me a favor. GIVE THIS POST A LIKE, It takes less than a second ;-) 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
by Akil_Stokes
17
NZDCAD GARTLEY ( Structure + EMA)Hey traders! Have a potential bearish Gartley pattern completing @ 0.92190. Price action has put up a new structure low followed by the recent lower low. XAB and C rules criteria's are met now expecting for the D wave completion. Price action trading below the 89,144 Ema . We see a structure support which became resistance, Notice the X leg of the potential bearish Gartley pattern has been test, so it might create a double top and hit to the targets. We also see a trend-line which acted as resistance so we have a good chance of getting our targets off. Stops given above X ( the RED line) Targets are 38.2 and 61.8. Cheers.
Short
by Trader-Mick
6
UJ CYPHER ( STRUCTURE + EMA)Hey traders! I have got all the reasons to long this pair at the completion. First of all let us look left for a second and identify the structure support which is just at the completion level which gives us pretty much confidence that price MIGHT reverse from there, Also if you look at the RSI we have already a bullish hidden divergence . EMA crossed over and will also act as support after it completes . Expecting a reversal to 118.362 first and then to 118.541. I have also a similar setup in audjpy. Cheers.
Long
by Trader-Mick
13
GBPUSD: The Next Look at GBPUSDNo to much on my radar today, but then again, most of my analysis for the week comes after the Monday New York close. I did get a few questions to follow up on my last post. i'm a little late but here are my thoughts on the GBPUSD. If you remember last week we were keeping our eyes on a potential short opportunity as price action made it's way up to previous structure. Well after the market create a NSH that changed our analysis on the trend. I wouldn't be as bold to assume a full reversal due to the nature of the break and close that we had, but a retest of previous structure can certainly be on the table. See you guys in War Room! 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
11
USDJPY Bearish Trend Continuation Trade & GartleyUSDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10. Entry - I will use the Gartley Pattern to enter this trade aggressively. Stops - 1 ATR above last Swing High Target #1 - Retest of Previous Structure Lows Target #2 - 1.27% Fib Extension of the last down leg
Short
by PateSkpate
1
EURUSD: Keeping My Eyes on This LevelLot's of movement today with the ECB Press Conference this morning. As we start to see some corrections in the markets, i'll be keeping a close eye on this level for another potential short on the EURUSD Tonight's youtube video is up so make sure you check it out. youtu.be Also if you haven't done so already make sure you register for tonight's "Cracking The Code" event!! (Link will be under today's video) *Out of respect for Tradingview we're not supposed to spam our ideas with links to stuff like this. * See you there! 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
10
GBPUSD: Breakdown of a Bearish Trend Continuation SetupMany would call me crazy for looking to short the Cable ($GBPUSD) knowing that we're at a major level of structure on the daily chart, but IF we get the right type of retracement, there will be plenty of room to profit and exit the trade in what will simply look like retest of structure lows on the HTF. As you can see on my chart price action has recently gone through it's normal stages of expansion, consolidation, followed by expansion. My prediction is that we'll see some continued bullish action off of our current lows and retest that previous level of consolidation where I have an initial killzone made up of Fibonacci retracements and an inversion.. That's where I'll be looking for my opportunities to short. Each week in the Live Room and Syndicate, we seem to pick a single pair that we stalk for days waiting for the right opportunity. Last week it was the AUDCAD and that played out pretty well. Hopefully we can see the same here on the GBPUSD. Other pairs on my radar to start the week are the USDCAD (which I'm already long this morning), NZDUSD and AUDUSD. Best of luck in the markets this week traders and if you want to see the video version of my Trading Recap just click the link below. "Trading Recap Week #2: Attacking The $EURUSD" 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
Short
by Akil_Stokes
34