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
Akil Stokes Trading Coach at Trade Empowered

Sign Up for the Ultimate Trader Transformation Live Event (Feb. 7th)
http://tradeempowered.com/utt/

TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3




Don't worry about the arrows on the chart, that was from a different lesson
Reply
IanMFX
a year ago
Make one good trade. That's all that count. Good luck.
+1 Reply
Akil_Stokes TOP IanMFX
a year ago
One good trade, followed by one good trade, followed by one good trade. Simple, just not easy. Thanks Ian
Reply
RobinOphion PRO Akil_Stokes
a year ago
Ah, the adventures of G man :D
+1 Reply
Akil_Stokes TOP RobinOphion
a year ago
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
a year ago
im not getting any emails
Reply
marketschang marketschang
a year ago
alright just got it. thx
+1 Reply
Akil_Stokes TOP marketschang
a year ago
Sorry about that, the video took almost an hour to load today for some reason
Reply
dionvuletich
a year ago
I like it
+1 Reply
Akil_Stokes TOP dionvuletich
a year ago
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
a year 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
a year 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
a year ago
In the past month i have already learnt a lot from you sir!
+1 Reply
Akil_Stokes TOP Josphat89
a year ago
Thanks, awesome to hear
+1 Reply
JacquesBethel
a year ago
It went passed Support ? Are we going down even more ?
+1 Reply
Akil_Stokes TOP JacquesBethel
a year ago
Yes, we just put in a lower low lower close, so assuming that holds I would think so. Time to redo our analysis
Reply
aaahmed12
a year ago
Is the bat pattern invalid now?
+1 Reply
Akil_Stokes TOP aaahmed12
a year ago
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
tst
a year 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
a year 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
a year 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
a year 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 :)
+1 Reply
Akil_Stokes TOP leszekstanislaw
a year ago
I must have missed the Cypher. Where was it at? Meaning the X leg?
+1 Reply
leszekstanislaw PRO Akil_Stokes
a year ago
snapshot

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