Akil_Stokes

Akil_Stokes Wizard

The last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look...

Akil_Stokes Wizard

I don't typically do much trading on Monday's as that's my training day, and want to give the markets time to wake up. But I've been keeping close tabs on the EURJPY since last week and now that last week's bullish setup has rallied nicely, we now also have a potential setup as well. I get a lot of questions about how to manage trades and where to take targets...

Akil_Stokes Wizard

Looking a a structure based long opportunity here as price actions looks to retest previous structure support. We've got a combination of multiple harmonic moves lining up with a Fibonacci cluster and of course structure looking left. As of now I'm waiting to see how price action reacts within this zone before committing to an entry.

Akil_Stokes Wizard

I personally still have a very strong bearish bias on this pair and believe we have further to go. But did want to bring to you attention the presence of this large bullish Cypher. I don't trade the weekly timeframes so I'm not touching this but for CTS (Combined Technical Score) traders this is something that can potentially be used for building a case for entry...

Akil_Stokes Wizard

Still keeping track of the multiple patterns that were forming on Gold. The smaller one never held support and has since broken and closed below. Now we're setting up for a potential bigger one just below the 1200 level.

Akil_Stokes Wizard

As a pattern trader the EURUSD has been one of my best performers over the past few weeks. After our last big drop from 3150's the market has finally shown some relief in the form of consolidation before the next big move. Fortunately, for pattern traders consolidation is great, because inside that choppy, nasty looking price action are advanced patterns, which...

Akil_Stokes Wizard

Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...

Akil_Stokes Wizard

Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...

Akil_Stokes Wizard

It's been a rough go around for pattern trades as of late (I'll talk more about that in my Weekend Review tonight www.youtube.com) But if the pattern is valid and meets you ROE's then you've got to pull the trigger. I'm still holding the 2nd half of my position on a EURUSD short from earlier in the week, but today we've got both a bullish gartley and a bearish...

Akil_Stokes Wizard

Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million." "In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages." Looking at the major players American Airlines...

Akil_Stokes Wizard

Obviously we want to be very cautious going into tomorrow's trading session which features our monthly Non-Farm Employment change aka the Fireworks show. but was digging through some different markets tonight and noticed the abundance of opportunity setting up on gold. The orange Gartley pattern is technically completed but features a very shallow "D" leg which...

Akil_Stokes Wizard

Nothing fancy here just a plain and simple bearish Cypher on EURJPY (This is a 4hr pattern, I decided to show it on the hourly chart because I went down to that timeframe for further analysis. But if you're a 1hr trader only THIS IS INVALID) . However if you've been following along my recent string of post on this pair (either in here or in the Syndicate) then you...

Akil_Stokes Wizard

Following up on the idea I posted this morning, AUDCAD has rolled over nicely completing my earlier prediction. Now it's time to execute the second part of this trade and go from seller to buyer as I look to take advantage of the Bullish Cypher pattern.

Akil_Stokes Wizard

Last night I discussed the AUDCAD in a video that I put out for my Syndicate members. We had previously earned some pips on a a bearish Bat pattern, but the market never really ran too far way from this general area. What caught my attention was the series of higher lows and the fact that we finally achieved a LLLC as on last nights analysis. I didn't have a...

Akil_Stokes Wizard

3 patterns resting here on the GBPNZD. 2 Bearish Bats & a Bearish Gartley.

Akil_Stokes Wizard

This morning the bearish Bat pattern I shared with you guys on the EURJPY finally rolled over to hit my targets capping off an excellent week in the markets. Because I'm only taking single position targets at the moment I'm all flat, but I did notice another potential setup on this pair in the form of a head and shoulders pattern. I personally don't trade head...

Akil_Stokes Wizard

EURJPY has recently retraced back into previous structure offering an excellent opportunity to put on a short order. Looking left the market has proven to respect this level in the past, therefore I would expect the same in the present as support turns into resistance. Price action is also on the right side of a short-term bearish trend with having made a recent...

Akil_Stokes Wizard

Yesterday I posted a chart looking at a bullish Cypher pattern on the NZDUSD. After a move to hit profits during the London session, price action has sharply retraced back into support presenting a double bottom with divergence on the RSI. If this level can hold I anticipate a rally up to at least the 8470 to 8500 level. With the same psychological level being...