Akil_Stokes
Short

EURUSD: Next Potential Shorts Part II

FX:EURUSD   Euro Fx/U.S. Dollar
6 months ago
Yesterday a posted a chart showing some analysis that I did on the $EURUSD trying to predict the next shorting opportunity. Although price action reached my killzone, it didn't rally high enough for me to get short.

Later in the day the market completed a "pain free" bullish Cypher formation, and the ensuing rally has provided me with another opportunity to look for potential shorts in my original killzone with the difference being that this time I know I have an aggressive reason to get short due to the potential Bearish Advanced Gartley Formation.


Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company


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6 months ago
Trade active
6 months ago
Comment: News to pay attention to today (New York Time)

EUR-Minimum Bid Rate (7:45)
USD-ADP Non-Farm Employment Change (8:15)
EUR - ECB Press Conference (8:30)
USD - Unemployment Change (8:30)
6 months ago
Trade closed: target reached: 1st Targets hit
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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FistFullofDollars
6 months ago
Love it!
+1 Reply
Akil_Stokes TOP FistFullofDollars
6 months ago
Thanks
Reply
Ramezitani
6 months ago
Bro last pullback is at 1.1179 if price crossed 1.1179 expect to see 1.124
+1 Reply
Akil_Stokes TOP Ramezitani
6 months ago
Nice!
Reply
TPparadigma PRO
6 months ago
Thanks for Idea Akil. It is nice to compare with experienced minds. Cheers man.
+1 Reply
Akil_Stokes TOP TPparadigma
6 months ago
No problem
Reply
TPparadigma PRO
6 months ago
As far as for me My first TP is 1.1085 then 1.0985.
+1 Reply
Akil_Stokes TOP TPparadigma
6 months ago
Good luck, hopefully we'll see a fill on this one
Reply
hobss2004
6 months ago
AKil, please correct me if i'm wrong. I think there is a head and shoulders in daily frame that's why i think it will go down.? Am i right?
+1 Reply
Akil_Stokes TOP hobss2004
6 months ago
I'm not seeing one, but please don't let that effect your judgement. Stick to your plan!
Reply
hobss2004 Akil_Stokes
6 months ago
you are defiantly correct.. I didn't read your last line in your comment. I completely agree that there is aggressive Bearish Advanced Gartley that's may confused me. this is may explain the power of patterns ;) good luck and thanks for your advice which always help us to understand the charts.
+1 Reply
Akil_Stokes TOP hobss2004
6 months ago
Thanks Hobbs, good luck to you as well
Reply
hoza_saad
6 months ago
hi akil,
thank you for sharing , i see you take every patter in your way whatever it's bullish or bearish is it more profitable than stick with bigger trend?
+1 Reply
Akil_Stokes TOP hoza_saad
6 months ago
You're welcome and yes I take every valid advanced pattern formation. That's the only way I can expect to mimic the expectancy from testing.
+1 Reply
FxTime
6 months ago
Boss

Euro Usd to Touch 1.1400 to ECB Comments?????
+1 Reply
Akil_Stokes TOP FxTime
6 months ago
I have no clue. The markets tend to do what they want, whenever they want to. If I knew for a fact that we'd hit $1.14 I'd be long everything plus the dog
Reply
FxTime Akil_Stokes
6 months ago
Man
From Monday ,Just waiting for 1.1080 to buy to repeat history of 3rd Dec,2015.
+1 Reply
FxTime FxTime
6 months ago
or i missed it !
Reply
Akil_Stokes TOP FxTime
6 months ago
Good luck, that would be a big move for you
Reply
FxTime Akil_Stokes
6 months ago
Thanks Sir !
+1 Reply
M4B0X. FxTime
6 months ago
cypher on daily
snapshot
+1 Reply
Akil_Stokes TOP M4B0X.
6 months ago
Thanks for the share, but that's not a cypher pattern. Your "C" leg is not valid, either is your "d" completion
Reply
M4B0X. Akil_Stokes
6 months ago
thx, I'll check this out right away.
Reply
rem97
6 months ago
I have the exact same setup on the EURUSD. The Bullish Cypher was a pretty painless trade, now I'm just waiting/hoping for the Gartley to fill. Thanks for sharing your setup Akil!
+1 Reply
Akil_Stokes TOP rem97
6 months ago
Great eyes Rem
Reply
shazardr
6 months ago
Everything you predicted was perfect, amazing! I am definitely a fan.
+1 Reply
Akil_Stokes TOP shazardr
6 months ago
Thanks,
Reply
kak6190
6 months ago
did you go short already in this trade Akil?
+1 Reply
Akil_Stokes TOP kak6190
6 months ago
Yes I'm short
Reply
kak6190
6 months ago
what is your tp?
Reply
Akil_Stokes TOP kak6190
6 months ago
38.2 & 61.8 retracements
Reply
kak6190 Akil_Stokes
6 months ago
sorry for asking too much. can you share the chart with the retracements please
+1 Reply
Akil_Stokes TOP kak6190
6 months ago
I cannot I'm sorry, I often try not to put stops and targets on these public charts, because I know that many traders will choose to enter the trade simply because I have and in my opinion it's always a bad thing to blindly follow another trader
+1 Reply
kak6190 Akil_Stokes
6 months ago
sure, thank you sir.
+1 Reply
Akil_Stokes TOP kak6190
6 months ago
No problem, thanks for understanding
Reply
juklangel11 Akil_Stokes
6 months ago
the 1.414 extension from the last big leg down we bounced. i'm looking to short the euro but not at these levels...i'm looking at eur/nzd for a proxy trade tomorrow though.
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Nice
Reply
juklangel11 Akil_Stokes
6 months ago
1.1330 is a confluence though that the banks might try to pull liquidity to that level before flush them.
have a good one Akil.
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Have a good one as well
Reply
PCTradeKop
6 months ago
Agree. Same conclusion...
EURUSD - Gartley forming potential SHORT
+1 Reply
Akil_Stokes TOP PCTradeKop
6 months ago
Nice looking chart!
Reply
TPparadigma PRO
6 months ago
Akil what is your TP for this short? Just for comparing.

Thanks!
+1 Reply
Akil_Stokes TOP TPparadigma
6 months ago
38.2 & 61.8 fibonacci retracements
+1 Reply
Jimdandy
6 months ago
I was really hoping it would have made it back to the 38.2 before some of this news hit the market.. that's about 1.1175 or so...
+1 Reply
Akil_Stokes TOP Jimdandy
6 months ago
Yeah, it did nothing over London, I'm sure we'll see something in the next 30mins
Reply
DanielAnthony
6 months ago
dear Mr Akil, why market price always moving before the news come out, then i will be panic to buy the current fast price movement xD hehe i'm so foolish
+1 Reply
Akil_Stokes TOP DanielAnthony
6 months ago
In times like that my best advice is to stay out. Those who enter late and try and "catch the move" usually get punished the most
+2 Reply
marcus123 Akil_Stokes
6 months ago
Good advice!
+1 Reply
Akil_Stokes TOP marcus123
6 months ago
Thanks, unfortunately I learned that lesson the hard/expensive way
Reply
DanielAnthony Akil_Stokes
6 months ago
Sir yes sir, your advice is my command ;)
+1 Reply
Akil_Stokes TOP DanielAnthony
6 months ago
Thanks
Reply
Do you see this as a valid Cypher, i can´t desside if the B leg is valid or not? I´n my opinion its not enough of a move to be a outside return?
+1 Reply
Akil_Stokes TOP ThomasJeff_DCM
6 months ago
I haven't measured it out yet, but yes that "b" leg would work fine for me thomas
Reply
ThomasJeff_DCM PRO Akil_Stokes
6 months ago
Thanks a lot for your anwser, well news just trew in a huge candle.. ohh these markets
+1 Reply
Akil_Stokes TOP ThomasJeff_DCM
6 months ago
No problem Thomas!
Reply
Superkloton
6 months ago
Good call with the TP! Spot on. Thanks.
+1 Reply
Akil_Stokes TOP Superkloton
6 months ago
Thanks
Reply
JeanConsole
6 months ago
Hey Akil! Just curiosity, I didn't took this one because it didn't fit my trading plan, but l see that it did hit your TP. Seems like you move your TP as price action moves to your stop right? Doesn't that mess out with your RR? Or we have different datas :p Either way, keep it up bro
+1 Reply
Akil_Stokes TOP JeanConsole
6 months ago
Hey Jean, yes adjust your targets will skew the original Risk Reward ratio
Reply
mustard
6 months ago
Forget the 'Bearish Advanced Gartley'.

This is a plain and simple failed re-test of a recent high.
+1 Reply
Akil_Stokes TOP mustard
6 months ago
You are correct Mustard, it is a failed retest of previous structure resistance as well
Reply
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