Akil_Stokes
Long

EURUSD: Potential Longs before the Advanced Pattern Part 2

FX:EURUSD   Euro / U.S. Dollar
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
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active
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)

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How'd that all work out for you Akil?
+1 Reply
I was stopped out
Reply
welp that 13:00 bar took me out. not a great way to finish my lunch break. hahaha
+1 Reply
Out as well
Reply
This will be a story about how the stop loss is hit, because previous support becomes resistance again!
Good Luck.
+1 Reply
hatzitesla TheZabisyu
how is your short position going?
Reply
TheZabisyu hatzitesla
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 TheZabisyu
oh my bad...i thought u were short since 1.11990:
Reply
TheZabisyu hatzitesla
There were several updates with screenshots! I was swing shorting it.
Reply
Thanks
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