Akil_Stokes

Akil_Stokes Wizard

I'm looking at two things here on the EURAUD. Bigger picture is a potential bearish trend continuation trade as price action looks to make a retracement into a previous shelf of structure. Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of...

Akil_Stokes Wizard

It hasn't been the best of weeks for me and I'm certainly fighting through a drawdown, but that's trading for you. The way I see it is you can either continue to follow your plan and fight through it, or given in and miss the opportunities that can potentially dig you out. This isn't the best opportunity at the moment, but it could be depending on how price...

Akil_Stokes Wizard

I've been sitting in a short position on this trade since this morning and it hasn't really done much. What initially caught my attention was the fact that I was late to a deep bearish Gartley Pattern. When I looked a little closer I found that price action had moved up a previous level of structure and had refused to create a higher close. I would like this...

Akil_Stokes Wizard

This morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his...

Akil_Stokes Wizard

I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a countertrend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction. If this correction rolls over more than expected there's a 2nd...

Akil_Stokes Wizard

I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a counter trend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction. If this correction rolls over more than expected there's a 2nd...

Akil_Stokes Wizard

* I tried to post another chart with this showing the advanced pattern, but think I messed up doing so. I'll keep trying but here's the daily view that was suppose to compliment my other chart** SORRY GUYS I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the...

Akil_Stokes Wizard

We've been waiting for the bearish Cypher on USDJPY for a while now and as the market churns legs for multiple other advanced patterns have been created as well. The smaller bat is the only one on my current radar with the others in the back of my mind for a possible completion later in the week as we get into more oft he fundamental announcements.

Akil_Stokes Wizard

Gold has been stuck in this wedge for a while now and during so has put in various advanced patterns (in orange). There are 2 more on the radar int he form of a bullish Gartley & a bearish cypher. Something that separates a trader from an investor is the fact that we don't care which way the market goes. Our job is only to take advantage of the opportunity when...

Akil_Stokes Wizard

What we have here is a potential bearish bat pattern completing at the same area we have our eye on for a trend continuation move down. Also structure, looking left, and ratio confluence as well. Thanks for the heads up on this one JC.

Akil_Stokes Wizard

After creating new structure highs we're now retracing into previous structure setting up a low risk long opportunity. I'd be cautious about shooting for too high of targets since we still haven't passed the major structure area on the weekly.

Akil_Stokes Wizard

I've been watching XAUUSD all week and as the overall movement has been bearish, I've been looking at countertrend opportunities of where profit taking may be taking place and relief moves (retracements) will occur. On this chart we've just had the last retracement back into previous structure, now the question is where are we likely to go next? Drawn on is our...

Akil_Stokes Wizard

Going to dig deeper into this during Thursday's Weekend Review video (www.youtube.com) but was checking out Apple last night on both the technical and fundamental sides and found reasons for entry whether you're a Bull or a Bear. The weekly has completed a bearish bat right near our high's, but this one right here is a Cypher pattern for the bulls looking to join...

Akil_Stokes Wizard

We took a look at a few potential setups on the the Euro last month only to have the market reverse direction on us. Well now we're back and our original setup has brought a few friends along as well.

Akil_Stokes Wizard

CTS system traders. It's time to forget about the abundance of patterns setting up on Gold and look at a pure structure based play

Akil_Stokes Wizard

We talk a lot about bracketing orders, well we've got our work cut out for us this morning on gbpaud. 3 Gartley's and a cypher. I always say that I can't control the markets. All I can do is control where my orders go. In this case I don't care where it goes, because I'm ready for anything.