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USDJPY: Clean harmonics Into A potential Structure ShortIn preparing for this mornings training on IPDE and Trend Continaution vs. Trend Following vs. Countertrend trading, I found a handful of potential good looking structure based trades on the Yen crosses. In this particular example we have some beautiful harmonic movement (equal measured moves) heading into a resistance level. Thanks to that nasty wick at the top our killzone is a little bigger than what I would prefer, but that may not play a difference depending on what type of entry reason we get for this potential short. I've got a video coming out later today on the EURUSD and possible how we can attack this trade as well so make sure you're subscribed to my channel. goo.gl Good luck this week traders and as always please LIKE, COMMENT & SHARE this post. Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
Short
by Akil_Stokes
21
GBPJPY: 2 Potential Advanced Patterns (An Updated Analysis)As I showed you in yesterday's video, the fun thing about trading is the fact that we are constantly updating and adjusting our analysis to go along with the recent price moves. The recent moves on the GBPJPY have eliminated my harmonic predictions, yet have opened up a new opportunity in the form of a second advanced pattern. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Check out my FREE Trading Videos goo.gl Twitter/Periscope/Stocktwits/Instagram @AkilStokesRTM Facebook: goo.gl
by Akil_Stokes
46
GBPJPY: Using Patterns, Harmonics, Fibs & Structure (w/ video)Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com "Learn to Trade: FOREX TRADING Using Fibonacci, Harmonics, Structure & Advanced Patterns" youtu.be
Short
by Akil_Stokes
12
EURUSD: 2 Advanced Pattern Non Farm Payroll Predictions Happy NFP day traders! As you know we've been tracking the EURUSD all week in the live room and last night I was finally able to get short an hour after the New York close. We never know what to expect from our monthly Non-Farm Payroll report (and accompanying news) but here are a few predictions on the higher timeframe that are worth keeping an eye on. We have 2 potential bat patterns setting up on this pair. A potential bullish bat down at 1.0580's and a potential bearish one up at 1.1380's. Something that I truely enjoy about being a trader vs. an investor is the fact that we get to act like a mercenaries in the markets. Meaning in situations like this we're not concerned if the market will go up or down, because we have a plan to attack either situation. Good luck out there today gang and please remember to hit that "thumbs up" button before leaving. I really do appreciate the support! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Youtube: goo.gl Twitter/Periscope/Stocktwits/Instgram: @AkilStokesRTM FaceBook: Search Akil Stokes Trade Empowered.
by Akil_Stokes
28
EURUSD: An Update Analysis on Recent Price ActionPrice action on the Euro ended up rallying right up to the previous level of resistance that we predicted. Although we didn't see the full trend continuation move that I had on my radar advanced pattern traders were able to take advantage & profit from a pain free bearish bat pattern completion. Price action has now given us a HHHC about previous resistance which means it's time to rework the analysis. (I got a question about this earlier) but short-term this is considered a bullish rotation, however the underlying trend is still bearish & I would now expect a move to the $1.0900-$1.0950's level for my next killzone. With the NFP tomorrow I may not have the opportunity to take advantage of that short, so during my day trading session we'll certainly be looking for ways to get long in anticipation of the potential short in my Live Trading Room. Check out the video I posted yesterday "The Most Important Trading Periscope You've Seen This Year!" www.youtube.com And as always please hit that THUMBS UP on this post and share it with a fellow trader. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com
Short
by Akil_Stokes
31
EURUSD: 4h Forming Head and ShoulderThe right shoulder is not complete yet but I expect it to be a double top before it moves to 1.08234 which is a neckline area which coincide with the daily S2 support and Fibonacci extension of 1.414. On the way down to this support ,I expect a bounce at the 1.8077 - 1.8084 area before a short lived rally to the daily pivot of 1.0912 and after which I expect it to continue to a support of 1.08234. The market could also begin with a gap as the market had not reacted to the unemployment claims yet. There is a harmonic pattern that is forming on the right shoulder as well but could not put it since the chart will be too messy.
Short
by kwaziphungula
20
EURUSD : Long term Forecast for 2016 - 2017 I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at 1.1616 - 1.1760 and also at 1.1901 - 1.2098 , so I do advise you look out for these areas as they may offer temporal reversals before the market goes for 1.2300
Long
by kwaziphungula
1
EURUSD: Two Things To Think About & Not Just PatternsHey traders, obviously this is not a time that you want to be trading, but i did want to share 2 things with you guys. 1) Two potential advanced patterns setting up here on the EURUSD inside of our current sideways movement and... 2) The link to the year ending Question & Answer session that Charles Miles, Jason Graystone & myself did this past Monday. www.youtube.com Have a great holiday season! If trading in 2015 went well for you get ready to wipe the slate clean and continue being consistently profitable...and if it didn't then make sure you're doing what needs to be done in order to make 2016 different. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
by Akil_Stokes
20
USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision. The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's. Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one "What To Have Before Taking A Trade" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
18
USDCAD 1 Hour Bull Bat Pattern (Think we can go to $1.40)USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move similar to what we did this summer. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Check out my FREE Youtube Videos www.youtube.com
Long
by Akil_Stokes
44
How to choose your entrySo I will be looking for the zone ( green box ) if we get to it on Monday. I do not trade the butterfly on its own but i will use it as my Entry technique. We have a butterfly with the ABCD and some Fib clusters running into my Support area or Zone so i will be keeping an eye out. This is an example on how to choose your entry if you have your zone but you need a reason. I just Want to point out for newer traders, There are 6 spots left on our list to receive the FREE from beginner to pro "how to become a technical analysis" the only thing you need to do is subscribe to our YouTube channel, first 15 will get this course for FREE, we are talking about a complete course !! from the basics to writing your tradingplan and money management so make sure you subscribe. The course will be out in Des 2015 Link to channel : www.youtube.com
Long
by Forexviewers
EURJPY: Back to Back Bat Patterns & A Video on Money Management Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as well. Also I've been getting a lot of questions about money management lately. If you haven't seen this video already make sure you check it out as it should give you a better idea of the money management strategy that I use in my trading. youtu.be Akil Stokes Chief Currency Analyst & Trading Coach\ www.Tradeempowered.com
Short
by Akil_Stokes
12
GBPJPY 1 Hour: Potential CTS Shortthis was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's level. Syndicate members, i just emailed out a video going over this one in a little more detail. Also Check out my latest Periscope Video "3 Questions From A Prospective Trader" www.youtube.com Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com -------------------------------------------------------------- What's Stopping You From Success? Take Our Free Trader Assessment tradeempowered.com
Short
by Akil_Stokes
6
EURUSD 1 Hour: 3 Advanced Patterns Setting Up/ Ideas for a VideoComing off a massive week in the Syndicate it’s somewhat refreshing to have only taken a single trade this week. Well two if you count the AUDUSD Bull bat that just filled a few hours ago (60min). Either way a slow week often means that there are a lot of potential patterns going through there setup legs and the EURUSD is a prime example. Three potential patterns on this pair, on this time frame. A potential Bullish Gartley, a Bearish Gartley, and a Bearish Cypher. Not much on the news front until tomorrows ECB Press Conference and our normal Thursday Unemployment Claims, so we’ll see how things pan out. Also, as many of you know I put out a weekly trading video on my youtube page every Thursday. www.youtube.com Well this week I’m a little short on ideas, so if you have something that you’d like to be discussed do me a favor and leave your comment under this video and I’ll go through them before tomorrow’s recording starts. Good luck in the markets traders and remember… PLAN YOUR TRADE, & TRADE YOUR PLAN Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com
by Akil_Stokes
137