Akil_Stokes
Long

EURUSD: Now I'm Ready To Buy On Our 2nd Test of Yesterday's Zone

FX:EURUSD   Euro Fx/U.S. Dollar
Following up on yesterday’s EURUSD             analysis, the market reached my killzone and we saw a slight bullish bounce as previous resistance turned into support. We have now made our way back down into that zone, but this time the ebbs and flows of price action have set up a potential advanced pattern in the form of a bullish bat .

If you’re a Syndicate member, check your emails as I just recorded a video on this same trade talking about the potential bearish bat that may form as a result of this as well and why you may, or may not want to use this as an “aggressive C” opportunity, but to keep things simple, the ATR has been big enough on this pair to provide more than enough potential profit by taking traditional targets so there’s really no need to get fancy. After all, as I mentioned yesterday I’m still uncertain whether our new structure high was a true move or just a fear based reaction to the madness that’s been occurring.

Personally, I’ve always been a fan of getting my money and getting out, especially in times like these. Anyway, we can discuss it more in the Live Room today. Good luck traders and continue to be safe out there.

Akil Stokes
Chief Currency Analysis at Trade Empowered
Click here for 20+ hours of FREE Training
http://tradeempowered.com/learn-to-trade/

Click the link below to subscribe for more FOREX TRADING videos
https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg?sub_confirmation=1
Facebook: https://www.facebook.com/AkilStokesTrader
Twitter: https://twitter.com/AkilStokesRTM
Don't worry about the arrows on the chart, that was from a different lesson
Reply
Make one good trade. That's all that count. Good luck.
+1 Reply
One good trade, followed by one good trade, followed by one good trade. Simple, just not easy. Thanks Ian
Reply
RobinOphion Akil_Stokes
Ah, the adventures of G man :D
+1 Reply
Akil_Stokes PRO RobinOphion
Yup, that;s recently become one of my favorite trading books, felt like I agreed with almost everything in there
+1 Reply
Syndicate members, I'm having trouble loading the video for some reason this morning , but I'll email it out as soon as it's complete.
Reply
marketschang Akil_Stokes
im not getting any emails
Reply
marketschang marketschang
alright just got it. thx
+1 Reply
Akil_Stokes PRO marketschang
Sorry about that, the video took almost an hour to load today for some reason
Reply
I like it
+1 Reply
Akil_Stokes PRO dionvuletich
You better! Just kidding, thanks!
+1 Reply
Looks like we're filled, let's see if we can get this initial move up to 1.1470's
+1 Reply
1800 Akil_Stokes
u'l never cease to be a good educator even if u try Akil..thanks for the update
+1 Reply
Thanks, I'm still shocked that i teaching traders at all. I never would have guessed this years back
+2 Reply
Josphat89 Akil_Stokes
In the past month i have already learnt a lot from you sir!
+1 Reply
Thanks, awesome to hear
+1 Reply
It went passed Support ? Are we going down even more ?
+1 Reply
Akil_Stokes PRO JacquesBethel
Yes, we just put in a lower low lower close, so assuming that holds I would think so. Time to redo our analysis
Reply
Is the bat pattern invalid now?
+1 Reply
Yes I've been stopped out. Sucks but at least it was a head shot, quick & not too painful
Reply
Stopped out (insert Gunshot noise) At last it was quick and painless. Now we can redo our IPDE and start the process all over again
+1 Reply
Potential Cypher now?
Reply
Hi Akil,
Did you guys get the automated harmonic pattern recognition up and running. (I watched a few of your YouTube vid's some time back) If so can you scan to get a win loss ratio on say 6months worth of bat patterns on the 60hr eur/usd? I gather you have already done something like this as you mention that you can and cant trade certain patterns because of your trade plan.
+1 Reply
We're still currently running it through the testing process, but all of my pattern based backtesting was done manually not with the automated strategy. i firmly believe that manual backtesting is the way to go no matter what. Yes a robot will give you the bottom end numbers but you won't get the experience and the belief in your system which is what matters most when times get hard and you have to continue trading through those drawdowns
+1 Reply
tst Akil_Stokes
OK Thanks, yeah I agree you do get a lot out of manually testing . But you have to admit that it would nice though, to eliminate pairs straight of the bat with a quick scan :)
Cheers
+1 Reply
i agree, I think for someone that has already been through the process its a great tool. I don't trade off of strictly constellation but over the past year or so it has drastically cut down on the time it takes to perform my analysis. Those extra 20 minutes of sleep have been crucial, especially with the youngster at home
+1 Reply
There war Cypher here earlier - successful, and then this, but failed. it's a pity - it could be a nice combo-pattern :)
+1 Reply
Akil_Stokes PRO leszekstanislaw
I must have missed the Cypher. Where was it at? Meaning the X leg?
+1 Reply
snapshot

It was late and I missed 1st D so I've put limit order and went to bed :)
+1 Reply
Akil_Stokes PRO leszekstanislaw
Ahh on the 15min. Very nice! A back to back would have been sweet
Reply
amyazad Akil_Stokes
Again SL hit buddy :-)
+2 Reply
Not just hit, blown through nice and quickly
Reply
Hello everyone.. I am new here and learning :-) like you chart and prognose Akil! I believe it will go up at 1.12650 to..??
+1 Reply
Thanks for sharing your thoughts
Reply
If I say ,it may touch on top of the weekly down candle (last week of april )! would it be ridiculous? thank you Akil...
+1 Reply
EGEfx EGEfx
sorry the first week of march !
+1 Reply
EGEfx EGEfx
which is about 1.1900
+1 Reply
EGEfx EGEfx
I am a new user ! forgive my sentences ,I mean 1.1190!!!
+2 Reply
Seeing how the market can do whatever it wants, whenever it wants, I don't think there's such a thing as a ridiculous prediction
Reply
It blew past that support level because it was a second touch of the previous leg.
Reply
Crit_Nasty Crit_Nasty
oh the main leg up* I mean.
Reply
now ready to buy , ???
Reply
The price now lower all your arrow ?? funny
+2 Reply
Akil_Stokes PRO No_more_Post
What's funny about it. I think I missed the joke. Was it somewhere earlier in the feed?
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out