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Ilovetrading

USDJPY 4HR: Another 2618 ExampleBigger picture I'm still bearish on USDJPY predicting that we still see a move down to 106-105.50's level. However In order to get there I do think that we can see some bearish exhaustion at our current level resulting in a pullback into previous structure at 110.50's-11.00. On the current chart price action has created a double bottom and has followed that up with a retest. We call this setup a 2618 trade which is a more conservative way of entering a counter-trend trade. (If you're new to the 2618, here's a link to the free training we have on the strategy www.tradeempowered.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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
30
EURUSD 1 Hour: A Short & a Long Idea (Heavy News Today)The Euro has finally broken out of it's consolidation, which may not be a good thing since us pattern formation traders had a pretty decent run over the past few days. Anyway the LLLC leads me to make new predictions about the market and how I want to get involved. Technically speaking there are two opportunities that are on my radar. 1) A retest of previous structure support turned resistance for a bearish trade or 2) a move down to our lower level of support for a bullish trade. We've got heavy news coming out in the form of Retail Sales & PPI this morning at 8:30 est, so the reaction (assuming the market gives us one) will most likely dictate which opportunity will become valid. The key is that no matter what the market decided to do I have a plan for it. I have a plan to take a short. I have a plan to take a long, and I have a plan to stay out all together if my rules of engagement are not met. Good luck out there today traders! Stay disciplined & stay positive! 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
17
USDCAD 4 Hour: Bearish Trend Continuation SetupNow that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can. After being broken, previous structure is typically retested. In this case that would mean support turning to resistance. So what i'll be looking for is a chance to enter short as the market becomes exhausted and finds some relief. The 129.00 price is a great psychological level, but my initial kill zone will begin as low as 128.50's. We'll be tracking this as the week progresses in my Live Trading Room but I'm certainly in no rush to "get involved" until my rules for entry are met. With a handful of news events setting up for tomorrow including USD Retail Sales, PPI and CAD Monetary Policy/Rate Statement I'm in no rush to jump in a trade that I'm not 100% sure I want to be in. Excellent day of trading today gang! And if you didn't see the video I produced explaining why that's not always a good thing make sure you head over to my Youtube channel and check it out.
Short
by Akil_Stokes
8
GBPJPY: Bear Gartley Formation (Follow Up On Last Week's Video)Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!) If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry point as it approaches our previous minor level of structure. Best of luck with your trading this week! Last week's trading video on the GBPJPY www.youtube.com
Short
by Akil_Stokes
39
GBPJPY 1 Hour: Staying 1 Step Ahead of the MarketI just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader and of course subscribe yourself if you find it worth your while. Staying One Step Ahead of the Markets video goo.gl 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
11
EURJPY: 1 Hour Advanced Gartley Formation CompletionI typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry. One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial entry of 127.20 so (opening gaps aside) we're looking at a better entry on the Sunday open. As always, wish all of you guys a great week of trading and continued success along your trading journey! Oh and Go Everton, Beat Man U!! 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
45