EURUSD 1 Hour A Basket of Potential Advanced Gartley Formations

FX:EURUSD   Euro Fx/U.S. Dollar
Depending on your trading style you can look at consolidation in one of two ways. 1) choppy boring & full of false signals or 2) choppy, boring & full of potential opportunities.

For traders of these advanced pattern formations, it's usually the later and on the EURUSD             , we have 3 of those advanced formations potentially setting up.

I'll be keeping the 2 bigger formations on my radar, leaving the smaller ones to those day trading the London Session (maybe in my buddy Jason Graystone's Live Room if I dare insert a shameless plug) but we'll see what the markets have in store.

Also it's been a while since I've done this but I've written a blog post talking about drawdowns. As many of you know this mornings GBPUSD             winner knocked me out of a funk so hopefully this post will open your eyes a little to how professional traders deal with drawdowns, because guess what WE GO THROUGH THEM TOO.

Here's the link
"A Lesson from Pain" http://tradeempowered.com/the-lesson-from-pain/

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube https://goo.gl/Afk5sG
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Twitter: https://goo.gl/FlH33l
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)

Trade closed manually
Comment: Off topic, but my article on trading Pyschology titled "Take Control of Your Trading was just released in this quarters edition of Forex Trader Magazine. I'd love to hear your opinion on it when you get the chance
Hey Akil, thank you for sharing your outlook. Just wondering, are you in on the AUDNZD short trade or you staying away due to the cash rate news coming out today @ 12:30 am?

All the best mate :)
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Akil_Stokes PRO moneymaking
Hey, I do not trade that pair so i'm not involved.
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moneymaking Akil_Stokes
Oh, I see. I was just curious because I saw you talking about it in one of your recent Youtube videos. No problem, thank you for the clarification mate. Appreciate it. Have a great week of trading :)
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Akil_Stokes PRO moneymaking
Thanks you too
So many opportunities :-)
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Hi Akil, look at this one as a possibility. (according to my rules, this is a Gartley, but I know that you look at it as a Bat, since it didn't touched 0.618) It is especially attractive as an advanced pattern since it is backed up by wave theory (I do trade only pattern which are backed by wave theory as well). ;)
+1 Reply
Koryphaeen PRO Koryphaeen
I think that if you take it as a Bat, your chances to get filled are slim, since the 886 is far below the kill zone and it would violate the trendline of the WXZ corrective structure far more then desired. I will take it as a Gartley waiting for the trendline to be tested. good luck! :)
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ahmedfx Koryphaeen
eur usd
+2 Reply
awesome design
ahmedfx Akil_Stokes
its a type from Gann Analyse
Nice design, I can tell you that. Although I do not understand a word from it... :D
ahmedfx Koryphaeen
its a style from gann analyse :)
Thanks best of luck to you as well
Thanks for the share Kory
113 000 :-)
Great blog!!! It gives me confidence to just keep pumping my legs like Marion Barber on 3rd down....
+1 Reply
Akil_Stokes PRO FistFullofDollars
marion barber! Man he was one of my favorite running backs. Pure beast!
need 1 yard??? #beast

"Take Control of Your Trading" - It's amazing how you described my past so well (and potentially many others) and it's interesting how you may have described my future too. Thanks for sharing this and everything else you do on-line to help me and the rest of us achieve the "Unconscious Competence" state. As for the article that follows yours, I need to consider which way I'm voting. In or Out? Maybe I should read this too. :-)
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Thanks Lakers! I haven't had a chance to read through this quarters edition yet but im certainly interested in the following article now
Would like to get my hands on that article, do you have a link too it? And great blog post, i really feel the same way when i have a bad drawdown since i talked to you about it last time. I love your articles on psychology its the best stuff! I am even getting back into the Syndicate i miss all your videos you posted there.
+1 Reply
Akil_Stokes PRO ThomasJeff_DCM
Just head over to our website, there's a link on the homepage
Akil, nice to see a written blog. I know you have moved to a more video based format, but it is nice to be able to read an article from time to time, especially a well written one like that. Thanks.
+1 Reply
Akil_Stokes PRO Moltenmetal
Thanks, I used to love doing them, maybe I'll get back to doing some more public ones if people still enjoy them. Thanks!!!
Hey Akil, to complete a gartley D leg must come around 1.272 ext. with a .786 confluence. Can you take the trade from the .786 as i've been finding they often hit that and bounce. Just wanted to know your opinion.
Banking Crisis in the EU ready to erupt according to Reggie Middleton:
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