Akil_Stokes
Short

EURJPY: Simple Bear Bat

FX:EURJPY   Euro Fx/Japanese Yen
I don't typically do much trading on Monday's as that's my training day, and want to give the markets time to wake up. But I've been keeping close tabs on the EURJPY             since last week and now that last week's bullish setup has rallied nicely, we now also have a potential setup as well.

I get a lot of questions about how to manage trades and where to take targets off and what I like to tell my clients is to "Think Like The Other Trader" meaning if you're in a bullish position, think about where you would want to get short at if you were a bear . The same way you can build a case for entry, you can do so for exits as well.

Good luck this trading week gang!

YOU CAN SEE AN EXAMPLE OF WHAT I MEAN BY "THINK LIKE THE OTHER TRADER" IN THE VIDEO BELOW
https://www.youtube.com/watch?v=KxLrIXSdyzc&list=UUVveEks3MWZqOsvzTF_LGQg
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




djshine_85
2 years ago
Hey Akil, nice post. I have the same pattern as you do but I think differently on this one. Seems like to buyers can't push more than 139. possibly 2618 forming?
Reply
djshine_85 djshine_85
2 years ago
just joined sydicate yesterday!
+1 Reply
Akil_Stokes TOP djshine_85
2 years ago
That's awesome to hear!
Reply
Akil_Stokes TOP djshine_85
2 years ago
Yes there is a 2618 opportunity here as well. All depends on which side you want to be on
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samed.karsanbas
2 years ago
akil u should put ur nick name "angry butterfly" :D ahaha well analysis i been following u over 3 week watched many videos of u recorded. u realy have good heart to teaching and sharing ur own trading system to show truly way who interest being succes trader and loking for something to learn.
congrats buddy keep going like that..
+1 Reply
Akil_Stokes TOP samed.karsanbas
2 years ago
Thank you! With all of the negativity out there it's great to hear comments like this.
Reply
This evolved into an awesome short! As for the longer term pattern, I'm guessing it's invalidated by now, right?
+1 Reply
Akil_Stokes TOP IvanLabrie
2 years ago
Correct
+1 Reply
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