Akil_Stokes

EURUSD: Three Potential Advanced Pattern Formations

FX:EURUSD   Euro Fx/U.S. Dollar
Three potential advanced pattern formations that are on our radar here on the EURUSD             .
Trade active: Filled SHort at 1.1014
Trade closed: stop reached: Stopped Out for -54
Yes three potential moves - UP, Down or Side Ways..
+3 Reply
Isn't trading easy, only three possible movements
+4 Reply
Swerver PRO Traderjoe
Traderjoe, I dont see your point. We all know emerging patterns are potentials, only when completed patterns with your entries being validated are they trade-able, so this is showing 3 prices to watch, so far its an idea not a trade.
I have hundreds of untradable patterns, each should be evaluated on completion

1. Due to bad form of BCD XAD and BC=CD too far apart in price and time for a workable PRZ
2. The terminal bar blasted through the PRZ, more or less confirming a continuation trade.
etc, etc.

@Akil_Stokes

I also see here a more extended pattern to the downside here too - Crab, completes on a nice round number near support, we know the market loves round numbers :)
We draw Gartleys different, so because of the 50% B point, for me that is a BAT all day :)
No current conflicting patterns on the 4HR, just a potential Crab a little lower than the 1 HR

snapshot





+4 Reply
Hey, Swerver. I suppose you use a harmonic trading approach. But if you look at the chart you will see that Akil is using advanced formations. Not harmonic patterns. Therefore, no termination bars can invalidate the formations. No wrong ab=cd can invalidate them.
It looks like Akil says: "Guys, I have these three wonderful circles..." and you respond: "Yes, when you brush a rectangle it becomes red..."
It is absolutely different approach, although it looks similar.
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Swerver PRO Alexander_Nikitin
Ahh OK, thanks for the heads up, whatever works I guess :)
+1 Reply
Yes, whatever is in the trade plan:)
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Thanks for the share!!
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The way I am interpreting is at the end of each Bullish Advanced Formation there will be an impulse upward.
And at the end of the Bearish Advanced Formation there will be an impulse downward.
+3 Reply
Correct me if I am wrong Akil.
Looking at the Gartley in yellow i initially thought the C leg must not go past the X-A leg, then Charles put a video out saying a Gartley C leg must not touch the 886?
Would you mind clarifying which is correct.

Thanks
+4 Reply
Charles slightly changed his rules recently. His c-point is 0.618-0.886ab.
+2 Reply
I require a push beyond A for it to be invalid
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Aren't you going against the trend ?
+1 Reply
Akil_Stokes PRO oussama11fcb
No...well I guess it depends on how you view the trend
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oussama11fcb Akil_Stokes
USD seems weak... EU is trending up
snapshot
+1 Reply
Akil_Stokes PRO oussama11fcb
Again it on depends on how you view the markets. In general when it comes to advanced pattern formations, the underlying trend doesn't make a difference aside from choosing profit targets. if you haven't done so, check out my most recent youtube video it walks you through my interuptation on this pair
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oussama11fcb Akil_Stokes
What happened now ? market is not going to respect your weird gartley or bat...
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Yeap, in the same boat. :)
+1 Reply
Akil_Stokes PRO journeyofarookie2.0
Good luck!!
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Short at 1.1017
+1 Reply
Akil_Stokes PRO edwardtackett
Nice, bets of luck
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I'm short at 1.0168. Euro isn't making this easy on us though!
+1 Reply
It never is, is it
+1 Reply
Everybody in loss?
+1 Reply
My hands in the air lol
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RuhailKhan Akil_Stokes
very few times your idea get wrong. mostly ppl get benefits from you.
+1 Reply
Thanks, historically I'm about a 55% trader so i'm comfortable with the markets proving me right just as much as they prove me wrong
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Cool that you update these Akil, cheers.
+1 Reply
Thanks, I try to remember as much as I can for this site
+1 Reply
IvanLabrie PRO Akil_Stokes
It's cool that your charts are clear and it's easy to see what's going on. Others just post vague charts that aren't actionable.
I try to avoid this as well.
Cheers
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