Get started

2618 Trade

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
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
DAX: PERFECT 2618 TRADE TURNING INTO A POTENTIAL BAT FORMATIONNot too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym"). Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it. What we have is a picture perfect 2618 trade (in pink) that is now setting up a potential Bullish Advanced Bat Formation. For traders who take secondary targets on the 2618 this is a perfect example of when to use that "Stop & Reverse" technique to liquid one position and involved yourself in the next. Good luck in the markets this week traders as we begin our final stretch of the 2016 trading year.
FX:GER30
by Akil_Stokes
11
USDCAD - Bearish 2618+++Follow & Like+++It's good to be back guys :) Today I want to share with you a trading opportunity that I'm currently involved in. Last week market has put a 2618 bearish setup on 4H USDCAD, but I didn't enter it simply because it was after my active trading period and I don't trade always 2618 base of 0.618. I've entered right at previous structure shelf to the left. Stops are above the Double Top and above the major structure level to the left. My target will be the retest of cycle low (a couple pips higher because it is an even handle number). I got more than 1:2 Risk/Reward - I can take such R/R any day. Entry @ 1.3190 Stop @ 1.3277 Initial Target 1 @ 1.3002 Good Luck!
Long
by Aleksandar_Rose
3