Technical analysis of a potential breakout & trend continuation trade using price action analysis, Fibonacci, structure & volume to predict the direction of the breakout & the ideal location for placing profit targets.
If you have any questions or comments about anything discussed in the video, please leave them below & before you leave DO ME A FAVOR & show your support by hitting that LIKE BUTTON.
Hi Akil any hope of getting some " a kill zones " on crypto ?
Akil_Stokes
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@TheWhistler, I don't really watch crypto, but if you have something specific that you have a question about feel free to let me know and I can check it out
TheWhistler
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@Akil_Stokes, Great. BTC would do. Just a brief overview from time to time. BTC is very emotive and responds well to TA. By the way have been your fan since the days of Jason Stapleton. Darn! still have constellation on my trading platform. Good to see you have kept up the great work of teaching. Its your gift man. And hope your athletics team(s) are kicking goals. Cheers
Akil_Stokes
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@TheWhistler, Thanks. I haven't seen much of interest on BTC lately but I'll give it a look in this weekends Trading Edge video
Med_bn_Slama
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i really like the way you explain it but how did you choose that level (target) when there is more support/resistance level to the left of the volume chart.
I always have difficulties finding targets / deciding on a strategy as i see support/resistance level everywhere in every timeframe
Akil_Stokes
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@Med_bn_Slama, Thank you! In order to project targets I used a combination of the different tools that I use for analysis. So Structure being the main piece, followed by fibonacci & volume
Med_bn_Slama
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@Akil_Stokes, ah ok thank you for the reply. Do you have any advice on how to start developing the strategy ? i have been dabbling here and there even saw your videos but i don't know where to start
Akil_Stokes
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@Med_bn_Slama, Yeah, it's going to be a long winded answer so how about this, I'll address the question this week or next in a Trading Coach Podcast Episode. - You can listen on your favorite podcasting app or youtube
Med_bn_Slama
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@Akil_Stokes, i'm already a long term listener on youtube (for the last 18months. The day i started my journey) 😁
Akil_Stokes
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@Med_bn_Slama, I appreciate it! I'll try & record it today that way I can release it Wednesday (Episode 822)