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
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Akil_Stokes TOP
2 years ago
Don't worry about the arrows on the chart, that was from a different lesson
Reply
IanMFX
2 years ago
Make one good trade. That's all that count. Good luck.
+1 Reply
Akil_Stokes TOP IanMFX
2 years ago
One good trade, followed by one good trade, followed by one good trade. Simple, just not easy. Thanks Ian
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RobinOphion Akil_Stokes
2 years ago
Ah, the adventures of G man :D
+1 Reply
Akil_Stokes TOP RobinOphion
2 years ago
Yup, that;s recently become one of my favorite trading books, felt like I agreed with almost everything in there
+1 Reply
Akil_Stokes TOP
2 years ago
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
2 years ago
im not getting any emails
Reply
marketschang marketschang
2 years ago
alright just got it. thx
+1 Reply
Akil_Stokes TOP marketschang
2 years ago
Sorry about that, the video took almost an hour to load today for some reason
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dionvuletich
2 years ago
I like it
+1 Reply
Akil_Stokes TOP dionvuletich
2 years ago
You better! Just kidding, thanks!
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Akil_Stokes TOP
2 years ago
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
2 years ago
u'l never cease to be a good educator even if u try Akil..thanks for the update
+1 Reply
Akil_Stokes TOP 1800
2 years ago
Thanks, I'm still shocked that i teaching traders at all. I never would have guessed this years back
+2 Reply
Josphat89 Akil_Stokes
2 years ago
In the past month i have already learnt a lot from you sir!
+1 Reply
Akil_Stokes TOP Josphat89
2 years ago
Thanks, awesome to hear
+1 Reply
JacquesBethel
2 years ago
It went passed Support ? Are we going down even more ?
+1 Reply
Akil_Stokes TOP JacquesBethel
2 years ago
Yes, we just put in a lower low lower close, so assuming that holds I would think so. Time to redo our analysis
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aaahmed12
2 years ago
Is the bat pattern invalid now?
+1 Reply
Akil_Stokes TOP aaahmed12
2 years ago
Yes I've been stopped out. Sucks but at least it was a head shot, quick & not too painful
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Akil_Stokes TOP
2 years ago
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?
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tst
2 years ago
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
Akil_Stokes TOP tst
2 years ago
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
2 years ago
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
Akil_Stokes TOP tst
2 years ago
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 :)
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Akil_Stokes TOP leszekstanislaw
2 years ago
I must have missed the Cypher. Where was it at? Meaning the X leg?
+1 Reply
leszekstanislaw PRO Akil_Stokes
2 years ago
snapshot

It was late and I missed 1st D so I've put limit order and went to bed :)
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Akil_Stokes TOP leszekstanislaw
2 years ago
Ahh on the 15min. Very nice! A back to back would have been sweet
Reply
amyazad Akil_Stokes
2 years ago
Again SL hit buddy :-)
+2 Reply
Akil_Stokes TOP amyazad
2 years ago
Not just hit, blown through nice and quickly
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ccca74
2 years ago
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
Akil_Stokes TOP ccca74
2 years ago
Thanks for sharing your thoughts
Reply
EGEfx
2 years ago
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
2 years ago
sorry the first week of march !
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EGEfx EGEfx
2 years ago
which is about 1.1900
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EGEfx EGEfx
2 years ago
I am a new user ! forgive my sentences ,I mean 1.1190!!!
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Akil_Stokes TOP EGEfx
2 years ago
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
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Crit_Nasty
2 years ago
It blew past that support level because it was a second touch of the previous leg.
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Crit_Nasty Crit_Nasty
2 years ago
oh the main leg up* I mean.
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No_more_Post
2 years ago
now ready to buy , ???
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No_more_Post
2 years ago
The price now lower all your arrow ?? funny
+2 Reply
Akil_Stokes TOP No_more_Post
2 years ago
What's funny about it. I think I missed the joke. Was it somewhere earlier in the feed?
+2 Reply
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