Akil_Stokes

Akil_Stokes Wizard

Not a pair I trade, but one of the traders shot this to me today and I wanted to share. It's a double top at previous structure resistance with bearish divergence on the RSI.

Akil_Stokes Wizard

Potential bearish butterfly pattern coming in at the very top of a recent structure area. If the market intends on continuing to consolidate until Thursday, then it's an excellent spot t shoot for another move down.

Akil_Stokes Wizard

Potential Butterfly & Cypher patterns lining up in the same reversal zone on the Gold Weekly chart.

Akil_Stokes Wizard

The Risk to Reward ratio is tremendous here. I don't think much more needs to be said. Many will be scared to make this move, but the best opportunities occur before everyone else is involved.

Akil_Stokes Wizard

What we have here on the GBPJPY is a potential Bearish Cypher pattern completion forming within a retracement leg of the underlying trend. This pair has spend 6 straight days being bearish so it wouldn't surprise me at all if we saw some relief. So the question is IF we're going to get a pullback THEN where is price action likely to go? 9See how I snuck that...

Akil_Stokes Wizard

One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...

Akil_Stokes Wizard

What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no...

Akil_Stokes Wizard

Following up on my last video XAU/USD offers another opportunity to demonstrate the various ways to use Fibonacci tools. IF price action were to break our current structure level to the upside, THEN we're looking at a potential reversal zone that offers previous structure resistance, and a Fibonacci cluster. For a more detailed explanation of my analysis on this...

Akil_Stokes Wizard

Many of you that follow me are aware that I've been testing out a new theory on the Cypher pattern. In fact i initially had 2 theories that I wanted to test but after speaking to the creator we decided to focus on the one. I'm months away from completing this testing since free time is hard to find these days with the new born and all, but this is the first...

Akil_Stokes Wizard

It looks like the GBPJPY trade we talked about last night has come quicker than expected. Two patterns for the price of one. Very big stop/loss on this so you may want to think about using an alternate entry technique in order to limit exposure.

Akil_Stokes Wizard

If you’re a follower of my work on YouTube then you know that this week I wanted to try something new. I wanted to introduce something I’m calling Chart of the Week where, you guys shoot me a question about a chart that is giving you problems and I show you what I see and talk about how I would look to trade it. This week I chose to take a look at the EURNZD on...

Akil_Stokes Wizard

After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why...

Akil_Stokes Wizard

Bullish bat Pattern with the trend on GBPJPY

Akil_Stokes Wizard

This trade was originally brought to our attention this weekend in Jason Stapleton's Forex Market Preview video "Studying Harmonics" ( www.youtube.com ) As I take a look at it today price action (after creating a LLLC) has retested the previous level of support which should now act as resistance. In addition to the structure level we also have a Fibonacci ratio...

Akil_Stokes Wizard

Bearish Gartley

Akil_Stokes Wizard

Nothing fancy here, just a good old fashion Gartley pattern. I'm actually not too big of a fan of the Gartley. My philosophy as a trader is built around risk/reward profiles so if I had to pick an Advanced Pattern to be my favorite I'd have to go with the Bat. However, because we have such a deep B leg retracement in this particular case our D leg is going to...

Akil_Stokes Wizard

I don't often look at USOIL but one of my live room members loves to trade it and brought it to my attention this morning. Originally there was a bearish bat pattern that completed at an excellent level of structure (looking at the bigger picture). That level has since been broken and although the trade may not have hit a traders stops yet,it's never too soon to...

Akil_Stokes Wizard

Here's another look at the structure based trade that also happened to be a bearish bat pattern that we looked at during this mornings presentation. If for some reason you missed it. Here's the link to the replay video promos.tradeempowered.com If you want to join me tomorrow here's the login link tradingeducation.omnovia.com