Akil_Stokes

EURUSD: Three Potential Advanced Pattern Formations

FX:EURUSD   Euro Fx/U.S. Dollar
a month ago
Three potential advanced pattern formations that are on our radar here on the EURUSD             .
a month ago
Trade active: Filled SHort at 1.1014
a month ago
Trade closed: stop reached: Stopped Out for -54
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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Traderjoe
a month ago
Yes three potential moves - UP, Down or Side Ways..
+3 Reply
Akil_Stokes TOP Traderjoe
a month ago
Isn't trading easy, only three possible movements
+4 Reply
Swerver Traderjoe
a month ago
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
Alexander_Nikitin TOP Swerver
a month ago
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.
Reply
Swerver Alexander_Nikitin
a month ago
Ahh OK, thanks for the heads up, whatever works I guess :)
+1 Reply
Alexander_Nikitin TOP Swerver
a month ago
Yes, whatever is in the trade plan:)
Reply
Akil_Stokes TOP Swerver
a month ago
Thanks for the share!!
Reply
Manko989
a month ago
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
Kareem
a month ago
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
Alexander_Nikitin TOP Kareem
a month ago
Charles slightly changed his rules recently. His c-point is 0.618-0.886ab.
+2 Reply
Akil_Stokes TOP Kareem
a month ago
I require a push beyond A for it to be invalid
Reply
oussama11fcb
a month ago
Aren't you going against the trend ?
+1 Reply
Akil_Stokes TOP oussama11fcb
a month ago
No...well I guess it depends on how you view the trend
Reply
oussama11fcb Akil_Stokes
a month ago
USD seems weak... EU is trending up
snapshot
+1 Reply
Akil_Stokes TOP oussama11fcb
a month ago
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
Reply
oussama11fcb Akil_Stokes
a month ago
What happened now ? market is not going to respect your weird gartley or bat...
Reply
Yeap, in the same boat. :)
+1 Reply
Akil_Stokes TOP journeyofarookie2.0
a month ago
Good luck!!
Reply
Short at 1.1017
+1 Reply
Akil_Stokes TOP edwardtackett
a month ago
Nice, bets of luck
Reply
XIXtaj
a month ago
I'm short at 1.0168. Euro isn't making this easy on us though!
+1 Reply
Akil_Stokes TOP XIXtaj
a month ago
It never is, is it
+1 Reply
RuhailKhan
a month ago
Everybody in loss?
+1 Reply
Akil_Stokes TOP RuhailKhan
a month ago
My hands in the air lol
Reply
RuhailKhan Akil_Stokes
a month ago
very few times your idea get wrong. mostly ppl get benefits from you.
+1 Reply
Akil_Stokes TOP RuhailKhan
a month ago
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
Reply
Cool that you update these Akil, cheers.
+1 Reply
Akil_Stokes TOP IvanLabrie
a month ago
Thanks, I try to remember as much as I can for this site
+1 Reply
IvanLabrie PRO Akil_Stokes
a month ago
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
Reply
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