Akil_Stokes

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...

Akil_Stokes Wizard

Following up on an idea that I posted last week. The USDCHF is now at a point where traders who are aggressive with their risk management can look to roll and trails tops with structure (on the 4hr TF) One of the most important lessons that I've learned over the years from my personal trading and from my time as a money manger, is that how you manage a trade once...

Akil_Stokes Wizard

I'm a little late on getting this idea posted, but we had an abundance of advanced pattern trading opportunities setting up as my live trading session came to a close. Some have since rallied and some have been stopped out. This particular one is still at market and for those who like to take more of a conservative approach, may be putting in a retest of structure...

Akil_Stokes Wizard

With not a lot going on in the markets thus far this week I started venturing outside of my usual trading portfolio to fins some ideas I could share with my Syndicate clients. This was one that really popped out to me. In light blue is a bearish bat pattern with some extra Fibonacci confluence within my killzone. More importantly is the large bearish candle that...

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.