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2618 Trade

USDJPY 4HR: Another 2618 ExampleBigger picture I'm still bearish on USDJPY predicting that we still see a move down to 106-105.50's level. However In order to get there I do think that we can see some bearish exhaustion at our current level resulting in a pullback into previous structure at 110.50's-11.00. On the current chart price action has created a double bottom and has followed that up with a retest. We call this setup a 2618 trade which is a more conservative way of entering a counter-trend trade. (If you're new to the 2618, here's a link to the free training we have on the strategy www.tradeempowered.com) Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
30
NZDJPY 1 Hour: The 2618 TradeA good example of a 2618 opportunity here on NZDJPY. If you're unfamiliar with this technique check out the Free training that we have for it on our website. www.Tradeempowered.com Not much else catches my interest in the markets today gang so I'm looking forward to the weekend. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
11
(D) 2618 // ABCD // Gartley // IF=THEN ®FX:CADJPY First of all, the Yen... it's strong, caution! After a double bottom, the price forges "one close" above the neck (check 4h chart) and start a retrace, now at 61.8%... and entering oversold, searching/waiting for divergence... Stops should stay below the bottom's, it's a daily chart... Long the 2618 // Short the AB=CD & Gartley; Note that the 2618 trade setup can hit the 200% extension as target, even more, in some cases at 261% extension. The idea is to wait the price to get the harmonic ratios/price zone, and then search for options If they exists. Check this Aud/Nzd as example of 2618 at 200% extension: Safe Trades; open.spotify.com
Long
by Andre_Cardoso
6
GBPJPY 1 Hour: Staying 1 Step Ahead of the MarketI just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader and of course subscribe yourself if you find it worth your while. Staying One Step Ahead of the Markets video goo.gl Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
11
NZDUSD: 2618 SETUP (H1)Hi there, We have a very clean 2618 setup formed on the Kiwi. Price is currently 20 pips away from the trade entry point, 0.69150. I trade 2618 setups on the H1 timeframe aggressively and have already placed a pending sell limit at this level. Remember, only trade what is in your plan, and if you don't have one, please do yourself a favour and get one before losing any more money. The 2618 trade is explained by Jason Stapleton is a free video training, you can check that out if this strategy interests you. Entry: 0.69150 Stop: 0.69760 Target 1: 0.68370 Target 2: 0.68020 Until next time. Good trading, Luke
Short
by Beebags
EURJPY (H1): Selling OpportunityHi there, There is a clear 2618 selling opportunity setting up here on EURJPY on the H1 timeframe. If you are not familiar with this strategy, the 2618 trade is a countertrend strategy. Jason Stapleton introduced me to this specific strategy in his free training. Only take trades that are in your PREDETERMINED plan. If you don't have a plan, please get one before losing any more of your money! I trade the 2618 on the H4 and H1 timeframes on 8 currency pairs (AUDUSD, EURUSD, GBPUSD, NZDUSD, USDJPY, EURJPY, GBPAUD, and USDCAD). I take aggressive orders meaning that once the requirements of the trade are met, I place a pending buy or sell limit and let the trade play out. The only adjustments after that come if/when price reaches target 1, where I close half the position for profit and move the stop on the remaining position to breakeven, locking in a winning trade. Entry: 127.600 Stop: 128.330 Target 1: 126.77 Target 2: 126.390 Good trading, Luke
Short
by Beebags