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USDJPY: Clean harmonics Into A potential Structure ShortIn preparing for this mornings training on IPDE and Trend Continaution vs. Trend Following vs. Countertrend trading, I found a handful of potential good looking structure based trades on the Yen crosses. In this particular example we have some beautiful harmonic movement (equal measured moves) heading into a resistance level. Thanks to that nasty wick at the top our killzone is a little bigger than what I would prefer, but that may not play a difference depending on what type of entry reason we get for this potential short. I've got a video coming out later today on the EURUSD and possible how we can attack this trade as well so make sure you're subscribed to my channel. goo.gl Good luck this week traders and as always please LIKE, COMMENT & SHARE this post. Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
Short
by Akil_Stokes
21
GBPJPY: 2 Potential Advanced Patterns (An Updated Analysis)As I showed you in yesterday's video, the fun thing about trading is the fact that we are constantly updating and adjusting our analysis to go along with the recent price moves. The recent moves on the GBPJPY have eliminated my harmonic predictions, yet have opened up a new opportunity in the form of a second advanced pattern. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Check out my FREE Trading Videos goo.gl Twitter/Periscope/Stocktwits/Instagram @AkilStokesRTM Facebook: goo.gl
by Akil_Stokes
46
GBPJPY: Using Patterns, Harmonics, Fibs & Structure (w/ video)Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com "Learn to Trade: FOREX TRADING Using Fibonacci, Harmonics, Structure & Advanced Patterns" youtu.be
Short
by Akil_Stokes
12
EURUSD: 2 Advanced Pattern Non Farm Payroll Predictions Happy NFP day traders! As you know we've been tracking the EURUSD all week in the live room and last night I was finally able to get short an hour after the New York close. We never know what to expect from our monthly Non-Farm Payroll report (and accompanying news) but here are a few predictions on the higher timeframe that are worth keeping an eye on. We have 2 potential bat patterns setting up on this pair. A potential bullish bat down at 1.0580's and a potential bearish one up at 1.1380's. Something that I truely enjoy about being a trader vs. an investor is the fact that we get to act like a mercenaries in the markets. Meaning in situations like this we're not concerned if the market will go up or down, because we have a plan to attack either situation. Good luck out there today gang and please remember to hit that "thumbs up" button before leaving. I really do appreciate the support! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
by Akil_Stokes
28
EURUSD: An Update Analysis on Recent Price ActionPrice action on the Euro ended up rallying right up to the previous level of resistance that we predicted. Although we didn't see the full trend continuation move that I had on my radar advanced pattern traders were able to take advantage & profit from a pain free bearish bat pattern completion. Price action has now given us a HHHC about previous resistance which means it's time to rework the analysis. (I got a question about this earlier) but short-term this is considered a bullish rotation, however the underlying trend is still bearish & I would now expect a move to the $1.0900-$1.0950's level for my next killzone. With the NFP tomorrow I may not have the opportunity to take advantage of that short, so during my day trading session we'll certainly be looking for ways to get long in anticipation of the potential short in my Live Trading Room. Check out the video I posted yesterday "The Most Important Trading Periscope You've Seen This Year!" www.youtube.com And as always please hit that THUMBS UP on this post and share it with a fellow trader. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com
Short
by Akil_Stokes
31
EURUSD: Bearish Trend Continuation Setup on the 4 HourWe broke this same setup down in the Live Trading Room yesterday, yet never got the pullback necessary to get involved. We've since pushed down a little further and have double bottomed but the same opportunity exists. We just had to adjust our analysis slightly. As we look to start today's trading day this pair will offer a long opportunity to some with price action where it currently is. A short opportunity to others if price action goes where we predict it to go. And for the experienced trader, there may be an opportunity to take advantage of both moves. With not much else on my radar today we'll certainly be looking at this first thing before our Warroom Meeting break. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com Akil@TradeEmpowered.com Twitter/Periscope/Stocktwits/Instagram: @AkilStokesRTM Youtube: goo.gl FaceBook: www.facebook.com
Short
by Akil_Stokes
26
EURJPY: Bullish Bat Pattern (Looking for alternate entry)Looking at a potential bullish bat pattern here on the EURJPY Daily timeframe. This isn't a timeframe that i trade from but I wanted to provide something for the longer-term traders. As mentioned in a comment under my previous post, although I have a specific point of entry for each advanced pattern that I trade, we must remember that it doesn't mean price action will stop on a dime and reverse right then and there. Like anything else, in pattern trading we're still looking at potential reversal zones. For this setup i'll be mapping out my potential reversal zone and as we work our way to the lower timeframes in my live trading room, we'll see if we can find an alternative reason to get involved. Also on my radar $EURUSD $GBPUSD $USDJPY $USDCAD & $AUDCAD Good luck today traders. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Have You Seen My Latest Trading Video? goo.gl
Long
by Akil_Stokes
13
EURUSD: A Better Opportunity Than Yesterday I haven't done much trading as of late, more so waiting until the end of this week so that I can officially close out my trading year, but we have been doing our everyday analysis of the markets in my Live trading Room and here is an opportunity that we looked at yesterday. As we came into the market on Thursday we saw a double bottom forming on the Euro, however, it didn't quite reach the level of structure that I was looking for so i told my traders that if you're looking to get long, you may want to wait it out because I think we can dip lower. We've now hit that lower level of structure and although it's not a sexy opportunity to get long, it is in my opinion a better opportunity then yesterday due to the reduced risk. On Monday December 21st me and a few other Traders over at Trade Empowered will be doing a Year Ending Q&A session. If you have any questions about how our year went, or are looking for some advice on what you should be doing over the holidays in order to prepare for a new trading year make sure you check it out. I talk about it in this week's Trading Video. www.youtube.com
Long
by Akil_Stokes
17
USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision. The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's. Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one "What To Have Before Taking A Trade" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
18
GBPAUD: 4hr TCT opportunity with a Complex Pullback Looking at a potential trend continuation opportunity here on the GBPAUD as the market puts in a complex pullback into previous structure resistance. As we talked about in last night's video, complex pullbacks offer safer entries into TCT opportunities on both the psychological and risk/reward side of things. As mentioned in last night's video there are different areas you can look fat for target taking depending on your level of aggression as a trader, but the risk/reward is so good that you should be able to maintain your minimums no matter what you're shooting for. We'll go over this once again in more detail in the Live Room this morning guys. Akil Stokes Chief Currency Analyst & Head Trading Coach ]www.TradeEmpowered.com Youtube: goo.gl
Short
by Akil_Stokes
5
NZDUSD: Potential Bullish Cypher Pattern (BE CAREFUL)Potential bullish Cypher pattern working from C to D on the NZDUSD 4 hour chart. If you look left you'll see that the Cypher completion also comes in an a decent level of previous structure resistance turned support. One BIG thing to pay attention to as the week goes on is the RBNZ Monetary Policy Statement that comes out on Wednesday at 3pm NY time. Fundamentals are by far the weakest area of my trading most because I don't use them) but there's about a 50/50 chance that a rat cut will occur. While I'm on the topic of patterns I addressed subject of people telling you that "patterns don't work" in this mornings My Morning Rant Video www.youtube.com While you're over there let me know what you think about my previous video titled "What It Takes to be Successful In Trading" Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
36
AUDCAD: Potential 26-18 Trade We started watching this towards the end of yesterday's Live Room session and now we're at the point where we can start preparing ourselves on IF, WHEN & HOW to get involved in this potential bearish 26-18 Trade. (2618 Training Video goo.gl) Aside from that I just got long $EURUSD as well this morning, but the chart would literally be a black chart, which isn't as entertaining as this one. Also no "Morning Rant" video this morning guys but I will be returning with my usual Thursday Weekend Review video later. See you there! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Youtube (goo.gl)
Short
by Akil_Stokes
41
GBPUSD: A TCT Short Opportunity Using Structure & RSIA lot on my radar today guys, but this is the only only non-advanced pattern opportunity that I'm watching. I'm looking for a chance to get short on the GBPUSD as price action comes back to retest previous structure support. We also have some hidden divergence which was created during the pullback which we can also use when building our case for entries. Also thanks for all of the feedback on yesterday's question about when i should do my daily periscope video. The majority of the traders said before my live trading room begins, so I'm going to give it a try and see how it goes. If you're not on periscope don't worry, i record them and share them on my youtube page as well. Akil Stokes Chief Currency Analyst 4 Head Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
34
GBPJPY 1 Hour: Bear Gartley & Bat PatternsLooks like I'm heavy on the Yen today as I'm currently short both the GBPJPY and the USDJPY with sell limits resting on the EURJPY as well. On this particular chart we have both a bearish Gartley and Bat pattern depending on which impulse leg to decided to use as your "X" It's good to be back in the markets after taking a week off for Turkey. Hopefully we can grab a little more coin before the year ends before we toast and start over from "0" in 2016. Here's a link to a new daily video that I'm experimenting with. Let me know if you would like me to do this pre or post trading day by leaving a comment underneath the video. My Morning Rant: www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
18
NZDUSD 1 Hour: Potential Short w/a Few Different Entry OptionsDespite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways, I'm looking for a short opportunity here on the Kiwi (which is also one of the weaker currencies) as we look to retest previous structure resistance for the 3rd time. Yup, 3rd time which means our double top has already occurred and we can now look for a......26-18 for a potential entry. A little hard to see on the hourly, but the view get's a lot clearer down on the 15 minute chart for you day traders. There's also a bearish Cypher pattern hidden in there for you advanced pattern only traders, or for those looking for an aggressive entry into the 2618. We'll look at this more in the live room today and remember gang, it's THURSDAY! So that means my Weekend Review video will be out. Make sure you head over to youtube and subscribe as I'll be doing a training lesson on the 4 Stages of trading and the evolution that a trader goes through. Just type "Akil Stokes" in and it'll take you where you need to go. See ya! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
6
GBPUSD: Candlesticks Tell A Story...or I'm Just CrazyMY APOLOGIES AS IT LOOKS LIKE I ERASED THE DRAWINGS THAT I HAD ON THE CHART MY ACCIDENT I went through the pairs in my trading portfolio this morning, along with a dozen or so more that are not and this was the only trading opportunity that I was able to find. This was an aggressive structure short based purely off on the candlestick formation with very aggressive stops and very conservative targets. Whenever the markets are slow, we tend to have some good conversations in my Live Trading Room and yesterday we discussed the evolution of a trader from having a lack of discipline with very lose rules to being extremely disciplined with very strict rules to being extremely disciplined with very strict principles and looser rules. Hmm sounds like a good topic for tomorrow's video LET ME KNOW IF YOU'D BE INTERESTED BY LEAVING A COMMENT BELOW. Syndicate members as mentioned on the Trade Floor I'll shoot you a video explaining this trade a little later in more detail but the point is the more reps you get in the market and the more experience you earn throughout your journey, the more you start to noticed the hidden clues that the market will leave you. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
23
XAUUSD: Bearish Cypher at Structure. A Multi-Timeframe LookPotential Bearish Cypher pattern on Gold Hourly completing at $1,102,47. The lower chart takes a look at the higher timeframe (240min) where previous structure support turned resistance rests along the same area as the potential Cypher pattern. No Live Room on Monday's but usually this would be the type of situation where we zoom down to the lower timeframes and see if there is any opportunity to catch the move before the move. Especially with this current price action. No youtube video last week, but as always I did write a brief article recapping my trading week. "Trading Recap Week 46: Are You Getting Enough Reps?" goo.gl And before you go, do me a favor and SMASH THAT LIKE BUTTON! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
FX:XAUUSDShort
by Akil_Stokes
10
EURUSD: Potential Short Combining Structure, Fibs & HarmonicsI was looking for a similar setup to this earlier in the week but never got the retracement I desired. Now after consolidating and holding at the 1.0700 level, I may be given another opportunity to hop on this downward move. Because I'm not a trend following trader, I need to be very specific with my entries to ensure that I get a good risk reward. So the further we push up into previous structure, the better the opportunity. If you'd like to know more about my story and the steps I took to turn trading from a hobby to a career, check out the video I recorded of me speaking at yesterday's Leadership Workshop at Millersville University tradeempowered.com Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
7
EURJPY: Back to Back Bat Patterns & A Video on Money Management Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as well. Also I've been getting a lot of questions about money management lately. If you haven't seen this video already make sure you check it out as it should give you a better idea of the money management strategy that I use in my trading. youtu.be Akil Stokes Chief Currency Analyst & Trading Coach\ www.Tradeempowered.com
Short
by Akil_Stokes
12