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Structure-trade

CADJPY: CTS Trade From This Morning's Training Lesson Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily evaluation of a price chart & this was the example that I used to show them how I still use it without actually using it (if that makes sense) Anyway, what we have above is a level of potential structure support that has been tested a few time is the recent past as both support & resistance. We also have an AB=CD patter, Fibonacci Ratio confluence & a potential advanced Bat Formation resting in that zone as well. This makes for a great example of taking the clues that the market provided with and putting them together in order to find quality trading opportunities. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
EURAUD: Consolidation Between Structure LevelsNothing much on the pairs in my trading portfolio, so looking at a few of my bench warmers in order to get some reps in before our Live Trading Day starts at 8. We've had some decent back and forth action recently on the EURAUD and although this type of formation typically breaks out to the bullish side, I wouldn't be surprised to see a ppush down to 1.4700's first and even a retest of the channel lows. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
10
USDJPY: Structure/Advanced Pattern Formation ShortWe have a few things happening here on the USDJPY. First off we've had the completion of a Bearish Advanced Bat Formation at 105.88. Because the required risk to involve myself in this trade is outside of my allowable range, i've involved myself using structure & price action. As we approach the pre-brexit highs, you'll notice that not only has the momentum started to slow, but we're also seeing bearish divergence on the RSI as we hit our resistance level. Syndicate Members, if you haven't gotten to it already, this was one of the trades talked about in tonight's video so give it a look for a more detailed explanation. Good luck in the markets this week traders! Let's trade smart and leave those emotions on the sidelines. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
81
EURGBP: Return To Structure Part 2Just to follow up on the EURGBP trading idea that I shared a few days ago. I'm still looking for a pullback down to the 0.8400 level as being the optimal level for bulls. However, as price has evolved over the past few days we may also have a closer level as well between 0.8520's & 0.8450''s especially if you're a day/intraday trader looking at the lower timeframes. We'll be keeping an eye on this level in the Live Trading Room today, but bigger picture I still like the 0.8400 level more. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
1
EURGBP: Return To Structure Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity. The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher. If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential. 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
20
GBPUSD: Retest of Previous Structure SupportLooking at long opportunities here on the GBPUSD as we retest the previous structure lows above the $1.31 price point. For you fibonacci lovers we also have confluence between the 1.272 extension & 1.618 inversion which you know is one of my favorite combinations. The reversal started a little before I got to my charts, so I'm not involved yet, but this will be the number one pair on my trading radar as we head into today's Live Trading session. 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
43
Nike: Potential Bullish Gartley Formation (Just Do It)Nike was in the news today with a few missed estimates so i decided to check it out and what do you know, we've got a potential bullish Gartley formation coming right back down into previous structure support. "Just Do It!" 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)
NYSE:NKELong
by Akil_Stokes
8
NZD/USD: Structure opportunities to get long After the Brexit news all the pairs are consolidating after a huge move, we are looking at a potential channel forming up for some time, in this case we have a structure based opportunity, if the price continues its move to the down side into the major support around @0.69835 If it does comes down, we will be waiting for some reversal patterns to form, so we can get involved in this market, and hoping for the RSI to get oversold. This is a simple trade to take, not too much analysis Thanks, CortesTeam
Long
by CortesTeam
EURJPY: Pullback into StructureI still think that we have room to push lower on the EURJPY so I'm eyeing up my next opportunity which may come between the 118.50's-119.50's level. We may have a chance to get long (in advanced of that area) from a head & shoulders pattern retest on the LTF's during our Live Trading day as well. 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
Short
by Akil_Stokes
6