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Ilovetrading

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
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
USDCAD 1 Hour Bull Bat Pattern (Think we can go to $1.40)USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move similar to what we did this summer. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Check out my FREE Youtube Videos www.youtube.com
Long
by Akil_Stokes
44
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
GBPJPY 1 Hour: Potential CTS Shortthis was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's level. Syndicate members, i just emailed out a video going over this one in a little more detail. Also Check out my latest Periscope Video "3 Questions From A Prospective Trader" www.youtube.com Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com -------------------------------------------------------------- What's Stopping You From Success? Take Our Free Trader Assessment tradeempowered.com
Short
by Akil_Stokes
6