Akil_Stokes
Short

AUDCAD: Potential 26-18 Trade

FX:AUDCAD   Australian Dollar/Canadian Dollar
We started watching this towards the end of yesterday's Live Room session and now we're at the point where we can start preparing ourselves on IF, WHEN & HOW to get involved in this potential bearish 26-18 Trade.

(2618 Training Video http://goo.gl/upRvX3)

Aside from that I just got long $EURUSD as well this morning, but the chart would literally be a black chart, which isn't as entertaining as this one.

Also no "Morning Rant" video this morning guys but I will be returning with my usual Thursday Weekend Review video later. See you there!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com
Youtube (https://goo.gl/DsCKeu)
looks great!
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thanks
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Hi Akil what was your rationale behind going long on EUR given the macro economic drivers : ECB QE extension/inflation target missed and also FED rate hike all pointing to a lower EUR in this month? Is that something for long term? your explanation will be really appreciated and hopefully new traders like me will benefit from this. Thanks in advance.
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Akil_Stokes PRO SaifurRahman
I trade off of the technicals and the technicals alone. So although my fundamental view may be different, I have to trade what i see
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SaifurRahman PRO Akil_Stokes
Cool....and obviously you nailed it! I am trying to be a technical trader , however struggling to ignore fundamentals ....and my trading results being poor when technical & fundamental pointing different way!Becoz I don't know who to trust. I need some serious help!
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Akil_Stokes PRO SaifurRahman
You've got to choose one and focus your trading style around it. If you get the chance shoot an Email to Charles@Tradeempowered.com He's on of our trading coaches and helps walk traders through these types of issues
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Alexander_Nikitin SaifurRahman
you need to trust your trading plan. Not fundamentals, not other traders advices...
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Nice! I wasnt in the live room yesterday. When I got home from work I reviewed charts and I had set my order @ 9775 late last night before I went to bed. It feels good getting back into the groove of the markets.
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nice!
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good day
Akil_stokes can u please explain to me what is a 26-18 kill zone
regards
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It's the potential area in which we would expect the 2618 completion
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Asakoor Akil_Stokes
awesome thank you, still new to forex so mind my dumb questions
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No problem, if you check the description box I shared a link to the free training on this technique
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Asakoor Akil_Stokes
thank you so much, that's exactly what i've been looking for
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No such thing as dumb questions when you're new, just opportunities to learn
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Hi Akil
Saw a youtube video that you did and you spoke about some other software that could be used for backtesting. Tradingview is no good for backtesting so could you please take this one more time witch software you recommend.

Thanks
+1 Reply
I've never spoken about any software for backtesting, might have been a different persons video. I simply use the data from my normal charting platform
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FrankAx Akil_Stokes
ok, maybe not a software but a charting platform were you could rewind the candels and click/play them one by one. I think it was some time ago...
Could it have been something called ninja.
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Yup NinjaTrader
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FrankAx Akil_Stokes
Haha... sometimes the answer is right there!
Thx for sharing all your wisedom!
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Great find sir! I can't really take this trade sadly because my spread is a bit too big. Or can I? I would have to account for it by placing my entry in the 786 or higher area. You can see my spread drawn in with the two blue lines. Do you Mr. Stokes (or anyone else) have a "spread solution trick" or do you just avoid the trade? 
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morshedul.sazid morshedul.sazid
Posted the same chart yesterday :) Good luck
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Akil_Stokes PRO morshedul.sazid
Awesome. Good stuff man!
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morshedul.sazid Akil_Stokes
Thank you Akil! :)
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Balazs morshedul.sazid
My understanding from the Trade Empowered training video is that RSI is not needed for 2618 trades, only if trading the top or bottom without the 618 retracement.
+1 Reply
Correct the RSI does not have to be taken into account for this type of trade
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Balazs Akil_Stokes
That's what I thought. Saw lots of "professional" trading educators saying otherwise but in my testing RSI shows no difference at all like you say :)
Thank you!
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looks like it could trip top?
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Pennington1 Pennington1
which way is it going to break
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Pennington1 Pennington1
trade on for me
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conserve target around 7300? or is that too high?
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Akil_Stokes PRO Pennington1
Entries , stops and targets should all be known before entering the trade. If there's a question about where one should be then it's probably not a trade that's in your trading plan and therefore it should probably not be taken in my opinion
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Pennington1 Akil_Stokes
ThatS my target. I was just asking for your expert option on it.
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Akil_Stokes PRO Pennington1
Okay, i gotcha. Sorry for getting confused
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Did u tell me when it's going dow...???
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wonderful now the time for kill
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snapshot


frustrating.. this happend to me 2 times this week. i think i need to work on my stop losses.
But after all am in profit this week. Thats why i see this as cheap learn moments ^^
+2 Reply
Akil I'd love if you could give me your opinion on this article or even maybe make it a topic of a future video?
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Wealth Wealth
http://www.tradingwithrayner.com/5-problems-harmonic-trading/
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It seems as if the author is simply not a fan of pattern trading. Not all strategies are for everyone.
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