Akil_Stokes
Long

EURUSD: Potential Longs before the Advanced Pattern Part 2

FX:EURUSD   Euro Fx/U.S. Dollar
5 months ago
LOT's of trades on the radar today. I'm currently long on 3 pairs and have another 5 on the radar. One of those pairs on the radar is the EURUSD             which I originally posted yesterday, looking for a retracement back into previous structure support & an opportunity to go long.

As I was responding to comments this morning (before starting my morning round of Top-Down Analysis ) as trader mentioned that they saw a potential advanced cypher formation completing in the killzone that I had on my radar and you know what....it looks like an excellent opportunity to get involved.

IMPORTANT LESSON
I mentioned above that I have about 8 potential (or current) opportunities on my radar, which is nearly my entire portfolio. This is where money management and correct position sizing come into play. It's very important that we're not overexposed in the market and do major damage to our account if the worst case scenerio occurs.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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5 months ago
Trade active
5 months ago
Trade closed: stop reached: Stopped out last night putting me at 2 for 5 this week. Look for an update on this pair in tonight's youtube video (pending the BOE rate cut madness)
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




lukeboland PRO
5 months ago
Nicely spotted Cypher Akil, thanks.
+1 Reply
Akil_Stokes TOP lukeboland
5 months ago
Thanks Luke
+1 Reply
arif_awan lukeboland
5 months ago
NFP trade setup.
Reply
Dguaman
5 months ago
Yeah and is going very well :D .. what is your TP?
+1 Reply
Akil_Stokes TOP Dguaman
5 months ago
I'm looking for a retest of previous structure
Reply
Dguaman Akil_Stokes
5 months ago
Oh ok , thank you Akil ! Nice call ... ;)
+1 Reply
Thanks for spotting it Akil.
Do you set your target based on the retracement from the C point to the theoretical D point (0,786 of XA leg) or to the actual one (the point where price action change direction in the killzone)?
+1 Reply
Akil_Stokes TOP FabianoGollo
5 months ago
I adjust with price action as it moves through the killzone
Reply
TPparadigma
5 months ago
This will be a story about how the stop loss is hit, because previous support becomes resistance again!
Good Luck.
+1 Reply
hatzitesla PRO TPparadigma
5 months ago
how is your short position going?
Reply
TPparadigma hatzitesla
5 months ago
I believe better than you.
I add shorts from 1.1220 and closed all shorts now with couple k in profit, I believe the profit is bigger than your earnings in 1 month.
Good luck.
Reply
hatzitesla PRO TPparadigma
5 months ago
oh my bad...i thought u were short since 1.11990:
EU | Afterglow | The Sons of Fibonacci. August
Reply
TPparadigma hatzitesla
5 months ago
There were several updates with screenshots! I was swing shorting it.
Reply
Akil_Stokes TOP TPparadigma
5 months ago
Thanks
Reply
TPparadigma Akil_Stokes
5 months ago
I assume this trade is done Akil?
+1 Reply
Akil_Stokes TOP TPparadigma
5 months ago
No still in it, barley missed stop but I'm expecting a loss given the lower low, lower close
Reply
TPparadigma Akil_Stokes
5 months ago
EU | Afterglow | Price will tell.
Reply
Akil_Stokes TOP TPparadigma
5 months ago
Nice, thanks for the share
Reply
ForexMo
5 months ago
welp that 13:00 bar took me out. not a great way to finish my lunch break. hahaha
+1 Reply
Akil_Stokes TOP ForexMo
5 months ago
Out as well
Reply
ejlevorson
5 months ago
How'd that all work out for you Akil?
+1 Reply
Akil_Stokes TOP ejlevorson
5 months ago
I was stopped out
Reply
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