Akil_Stokes
Long

EURJPY: Bullish Bat Pattern With Better Entry

FX:EURJPY   Euro / Japanese Yen
Wanted to share with you one of the trades I got involved in after yesterday’s ECB reaction. It’s a bullish bat pattern on the EURJPY             which is now offering a slightly better entry. Just my opinion of course but I think the best place for stops is beneath the 1.3300 even handled psychological number. Yes it opens you up to a little more risk, but as we saw with last weeks $EURUSD trade (Which smashed through second targets yesterday) sometimes having a little extra protection makes it worth it. Your call of course follow your rules

Also if you missed it yesterday check out my latest Trading Video over at youtube. https://www.youtube.com/watch?v=GnGT7YuGvhI The reaction to this week’s video has been MASSIVE as I go on a great rant about the 3 Steps to changing your trading future as well as a breakdown of a simple pattern trade on the GBPUSD             .

I’m trying to reach 15,000 subscribers by 2016 so it would be a BIG help if you became a subscriber or at least shared the word with your trading buddies. Of course that’s only if you like the content.

Have a good weekend traders and Syndicate members I’m going to try and give you guys a quick video this morning before heading out of town.

PLAN YOUR TRADE, & TRADE YOUR PLAN

Akil Stokes
Chief Currency Analyst at Trade Empowered
Click here for 20+ hours of FREE Training
http://tradeempowered.com/learn-to-trade/
Trade closed: stop reached: Boom!
WATCH MY LATEST TRADING VIDEO
https://www.youtube.com/akilstokes


Nice setup. Thanks for sharing. I had this on my chart but didn't act on it.

Currently watching this Alt Bat. Hasn't reached completion just yet.

Based on what I see (although still learning) is that price action has passed through structure highlighted in pink. The Alt Bat completes close to a 2.0 AB extension and the 0.382 CD target is within minor structure at 134.15

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Im still holding on my the skin of my teeth. Price came within 2 pips of my stop loss@132.90..
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+2 Reply
Nice, i'm pulling for you man!
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rozela99 Akil_Stokes
Thanks this trade has really tested me. I just keep walking away from computer. I even unistalled my brokers app from phone.
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rozela99 rozela99
Now im stopped out
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ahh sorry to hear that. Still when it goes in your journal it should have "good trade" next to it
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Koryphaeen PRO Akil_Stokes
Yes, I agree with you all, this was a nerve killing and teeth crunching trade... this is a good example for "PA always could go lower"...when you think that bearish momentum is exhausted...
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we have two patterns
Alt Bat and ABCD
long whit small stop

Best

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+1 Reply
Milad.Trader Milad.Trader
ALT BAT

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Koryphaeen PRO Milad.Trader
In Alt Bat pattern shouldn't AB leg complete at the 0.382 retracement level of XA leg?
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