Get started

Ilovetrading

USDCAD: The Type of Consolidation Patterns I LikeI want to start things off by saying I don't expect to see much action at all in the markets today ahead of this afternoons FOMC statement. However, I did want to follow up on the USDCAD idea that I shared with you yesterday. After creating a NSL we are now retracing back into previous structure. I often explain to the traders I work with that I'm not a consolidation pattern trader (think flags, pennants, triangles, etc.) unless they occur inline with underlying analysis. In this situation my analysis was looking short and the consolidation pattern happens to come into previous structure, so this is one that I would actually interest me. Thanks for all of you that joined me on Youtube yesterday as I live streamed the first 30 minutes of my Live trading Room. The recording is up if you didn't catch it and I'm looking forward to seeing a lot of you in the room for your free week trial. Good luck today traders and DON'T force anything as these slow markets can be very tempting for those lookign for action. 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
7
USDCAD: Outlook on CAD (Live Trading Room Live Stream) USDCAD has been a frustrating pair for pattern traders, however it has been exceptional for trend following/continuation traders over the past few years. What I'm looking for hear is a move back down to the $1.40-$1.38 level for another buying opportunity. I know, I know, that's a ways away, however because of that prediction it also sets up the opportunity to look for shorting opportunities in anticipation of that level. Today in my live trading room we'll be breaking down this pair and seeing if any of those short opportunities exist on the lower time frame. You didn't hear it from me but I may be live streaming the first few minutes of today's Live Trading room so that you can see the analysis. Just head over to my Youtube page around 8:00am New York time. 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
25
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
GBPUSD: Structure Short Opportunity on the GBPUSD 1 HourSimilar to yesterday's $EURUSD trade, I'm simply looking at a potential shorting opportunity as price action works it way back towards previous structure resistance. 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
44
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
EURUSD: Potential Bullish Cypher PatternShort and simple, I'm looking for a potential Bulish Cypher Pattern on the $EURUSD. Aside form that I don't have too much on my radar thus far going into today's Live Trading Room session. $EURJPY is the only other pair that I have orders on aside from yesterday's $USDCAD long. THURSDAY is our big day, not only do we have my usual Weekend Review Video coming out. Should be a very interesting one (so make sure you're subscribed to my youtube page) But Jason Stapleton also has his "Cracking the Code" workshop. Got to make it through today first though. Good luck out there today traders! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered,com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Long
by Akil_Stokes
33
GBPUSD: Breakdown of a Bearish Trend Continuation SetupMany would call me crazy for looking to short the Cable ($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
36
AUDCAD: A 2nd Chance To Hop On The Trend with Video ExplanationI'm looking at two opportunities her eon the AUDCAD hourly chart 1) A Trend Continuation opportunity and 2) A bullish Cypher Pattern. Now of course you can combine the two, but when working with newer traders my advice is to pick and master a single strategy first, then add or start to combine later in your trading career. If you're new to following me this was a trade that we looked at earlier in the week so make sure you check out that post. I also reviewed it in my YouTube video last night so make sure you check that out if you're the type that picks up things better by watching. Good luck as we enter our final trading day of the week, I know those of you that trade advanced patterns on the $EURUSD are probably already starting the celebration a little early. ;-) Here's a link to the youtube video talking about the AUDCAD 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
Long
by Akil_Stokes
9
AUDCAD: Nothing Fancy Just Pure Structure TradingNo fancy shapes or anything like that today just a pure structure based setup for you guys. We'll be looking for long opportunities on this pair today in my Live Trading Room looking to hop on the current outside return. We're actually inside the killzone as we speak but I'll be waiting for a lower place of entry since I'm more or a trend continuation trader not a trend following trader in these types of situations. We do have a Fibonacci cluster in this zone as well but what caught my attention was looking at price action and how resistance has recently turned to support around this psychhological level of 0.9950. If you find that you're unfamiliar with the basics of reading a price chart make sure you watch the FREE Training video called "Into The Grey" goo.gl Thanks for all of the support traders and continue to "LIKE" "SHARE" & "COMMENT" under these posts! 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
Long
by Akil_Stokes
23
$EURUSD: "Structured Consolidation" Breeds Pattern OpportunityIt's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns. The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so. I'm currently short the $EURUSD on the bearish Cypher and if everything plays out the way I'd like, then I'll also be collecting profits and getting long at the potential bullish one in green (assuming it stays valid). It's Thursday so that means my FOREX WEEKEND REVIEW video will be coming out on YouTube. Make sure that your a SUBSCRIBER that way you'll be the first to know when it's released. In today's video i plan on talking about the grind of trading, my best trade ever and what i learned from it, and of course we'll be looking at a potential trading setup that you can add to your watchlist. See you then! 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
46
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: Two Things To Think About & Not Just PatternsHey traders, obviously this is not a time that you want to be trading, but i did want to share 2 things with you guys. 1) Two potential advanced patterns setting up here on the EURUSD inside of our current sideways movement and... 2) The link to the year ending Question & Answer session that Charles Miles, Jason Graystone & myself did this past Monday. www.youtube.com Have a great holiday season! If trading in 2015 went well for you get ready to wipe the slate clean and continue being consistently profitable...and if it didn't then make sure you're doing what needs to be done in order to make 2016 different. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
by Akil_Stokes
20
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
GBPJPY: Bullish & Bearish OpportunitiesSyndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance. There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade. I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com My YouTube Channel goo.gl
by Akil_Stokes
18