Akil_Stokes

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...

Akil_Stokes Wizard

I've had my eye on NZDUSD for a while now looking for a bullish opportunity only to see the market blow past structure level after structure level. Now it finally looks like I'll have a trading opportunity as price action looks to retest and hold it's current level of support. If everything goes the right way a retest would give me a completed Cypher pattern with...

Akil_Stokes Wizard

Rite Aid and I have a long history going back to a buy when it was well less than a dollar. We've recently seen a steady bullish move until the recent news that competitor Walgreen Company was looking to buy the remaining 55% of Alliance Books putting them into international markets for the first time which would potentially allow them to undercut Rite Aid. For...

Akil_Stokes Wizard

I don't actively day trade the Asia session but we've just completed the bear Bat pattern that we were watching in today's Live Room session. Although I'm not personally interested in this trade, I'll be watching the reaction to this price level as it's been on my radar as an outside return for a longer-term short trend continuation opportunity on the daily time frame

Akil_Stokes Wizard

A retrace into our previous level of structure would provide a bearish 2618 opportunity. This opportunity would also occur at the "C" leg of a potential Bullish bat pattern giving the trader the chance to extend 2nd targets and look to take profit/Stop & Reverse at the pattern completion. Akil "A Wild Week of Trading" www.youtube.com

Akil_Stokes Wizard

Nothing too fancy today, just a nice and simple 2168 trade setup on the USDCAD. I'm still short this pair on a higher timeframe trade, but wanted to share this since the potential risk reward (depending on your rules of course) is exceptional.

Akil_Stokes Wizard

Coming off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I...

Akil_Stokes Wizard

It's been a great start to the trading week thus far, with a handful of Friday's patterns paying off big time. I've ended the past 2 weeks in drawdown so it's about time things get back to normal. This is a pretty simple one, a bearish Cypher which is coming up into previous structure highs. A look on the daily chart will show you this this is a powerful...