Akil_Stokes
Long

EURUSD DAILY CHART: Advanced Pattern Formations

FX:EURUSD   Euro Fx/U.S. Dollar
2 months ago
Hope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all)

In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there may or may not be a reason to look for that "alternate" reason (depending on your maximum risk rules) ANYWAY, In Green a potential bullish Cypher formation & in BLUE a potential bullish Advanced Bat Formation.

If you are going to use an alternative entry for this trade make sure you know what your trade is based off of.
2 months ago
Comment: We found a smaller potential bullish Gartley formation on the hourly as well
2 months ago
Trade active: Filled Long the Bullish Gartley at 1.1060 (See related idea link)
2 months ago
Trade active: Filled the Bullish Cypher Long at 1.0993
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TomPower
2 months ago
Ali turkeyed out. Canada thanksgiving. Thinking also that could be the reversal for gold and silver when that euro bottoms
+1 Reply
Akil_Stokes TOP TomPower
2 months ago
Turkey...yumm! I'd still be in a food coma
Reply
TomPower Akil_Stokes
2 months ago
akil, looks like youre getting a reaction there, after a double down pattern.
+1 Reply
Akil_Stokes TOP TomPower
2 months ago
We shall see, a win on this one would more than make up for the loss that I took on the first. Would love to see a completion before the weekend
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YemiTrader
2 months ago
Nice Analysis as always. I believe there is also a deep Gartley completing at 1.1056, or doesn't it meet your rules?
+1 Reply
Akil_Stokes TOP YemiTrader
2 months ago
You're correct. i've got orders for that on the hourly. Great spot
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Roker1 PRO
2 months ago
I've got stopped out on the lower time bullish gartley, don't you?
+1 Reply
Roker1 PRO Roker1
2 months ago
Sorry it was a bat pattern (X=1.11042)
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Akil_Stokes TOP Roker1
2 months ago
No, i was not involved in any eurusd trades
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Roker1 PRO Akil_Stokes
2 months ago
I can't see any gartley in 1hr chart
+1 Reply
Akil_Stokes TOP Roker1
2 months ago
I'll share the post after our live trading room closes
Reply
Roker1 PRO Akil_Stokes
2 months ago
ok, thanks akill!
Reply
Stink
2 months ago
I always Enjoy it when you post and I have a similar idea in the works! Been really enjoying the recent videos as well some great content. Have a good un
+1 Reply
Akil_Stokes TOP Stink
2 months ago
Thanks Stink, I appreciate it!!
Reply
Same setup here. Thanks for sharing:)
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
2 months ago
No problem!!
Reply
KaQing
2 months ago
Nice! Noticed that one. But in the meanwhile I think that's also pretty interesting.
(H4)(D1) EURUSD Analysis
+2 Reply
Akil_Stokes TOP KaQing
2 months ago
Nice we looked at that in the live room earlier today. A few of our traders got involved in a LTF double bottom at that level
Reply
mayanksb10
2 months ago
hey akil daily demand level looks good than 240 tf pattern i got confidence when you put that trade on i am also going long in it!
+1 Reply
Akil_Stokes TOP mayanksb10
2 months ago
Awesome!
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alahwany
2 months ago
when i can buy ?
+1 Reply
Akil_Stokes TOP alahwany
2 months ago
What are you buying based off of?
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PHL
2 months ago
nice setups! thanks. i don't like when two patterns appear at the same time (messes up charts) but I defined in my plan that I will take both patterns with only half the risk of a single trade.
+1 Reply
Akil_Stokes TOP PHL
2 months ago
Nice, yeah when 2 patterns form, there are some decisions that have to be made. Having rules make it easier though
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jimmy.wiradi Akil_Stokes
2 months ago
yea finally the master get in back
+1 Reply
Akil_Stokes TOP jimmy.wiradi
2 months ago
lol
Reply
RuhailKhan
2 months ago
any one can tell me the failure of harmonic patterns?
+1 Reply
Akil_Stokes TOP RuhailKhan
2 months ago
That's going to depend on the Pattern formation, the pairs traded, the timeframe and ofcourse the traders ability
Reply
RuhailKhan Akil_Stokes
2 months ago
which software is the best formationseeker or Constellation http://tradeempowered.com/products-and-services/? i heard ensign offer larry formation. plz guide
+1 Reply
Akil_Stokes TOP RuhailKhan
2 months ago
Obvious I'm a little bias here because constellation is our in house software. But honestly I've never used formation seeker or any other pattern recognition software so i can't compare. I would say this. at the end of the day THE ABSOLUTE BEST PATTERN RECOGNITION SOFTWARE IS....Your own 2 eyes.
Reply
RuhailKhan Akil_Stokes
2 months ago
Akil i am in this industry since 1994, and i started my career with low profile, now i am member of commodity exchange. http://aurumcommodities.com/ , i am non believer of technical indicator. i was using arbitrage and other sort of machines and made very good money. my system read price before because i put my dedicated server in UK. all brokers dont open my account because they mind when i open and close position in 20 mili seconds, from last 2 years i am trying to make something. harmonics seems ok to me i need very good harmonic softeare which i can change into auto trade. 15 mins charts , system buy or sell itself and only neeed 15 pips. and 100 to 200 lots per day, i will be again on track. i never lost money in FOREX. because i have worked in many years market maker forex companies dealing room and i know what they do. thanks
+1 Reply
Akil_Stokes TOP RuhailKhan
2 months ago
You're welcome, and thanks for sharing your story and congrats on your long term success. I started trading only back in 2007 and i hope to have the same type of longevity in these markets.
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RuhailKhan Akil_Stokes
2 months ago
Hi Akil, triplethreattrading.com was your company domain?
+1 Reply
Akil_Stokes TOP RuhailKhan
2 months ago
It used to be, we have changed names to Trade Empowered (www.TradeEmpowered.com) but you should be directed their by using triplethreat
Reply
RuhailKhan Akil_Stokes
2 months ago
OK, thank you. I talked with Charles and showed interest in MT4 and Ninjatrader Constellation indicator.
+1 Reply
Akil_Stokes TOP RuhailKhan
2 months ago
Nice, I hope it's able to help you in your trading!!
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BOOgiiee
2 months ago
Yea, Akil. Went with this bullish bat. Good risk reward.
+1 Reply
Akil_Stokes TOP BOOgiiee
2 months ago
Nice! Best of luck with your trade
Reply
Kareem
2 months ago
Hey Akil does it look like a good valid double bottom/retest on the Bat entry for another reason for entry?
+1 Reply
Akil_Stokes TOP Kareem
2 months ago
Double bottom looks okay, just be sure of why you're taking the trade double bottom vs. bat formation
+1 Reply
Kareem Akil_Stokes
2 months ago
Was looking to use the double bottom with divergence as kind of a confirmation to enter the bat as the stop is too big for me to place orders just on the bat itself.
+1 Reply
Akil_Stokes TOP Kareem
2 months ago
I got you
+1 Reply
Are u considering the A leg being from June 23. Which makes the D completion abit lower? :-)
+1 Reply
Akil_Stokes TOP MartinKirkelundLedet
2 months ago
no
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MartinKirkelundLedet Akil_Stokes
2 months ago
Sorry Akil, I actually meant the X leg :-)
+1 Reply
Akil_Stokes TOP MartinKirkelundLedet
2 months ago
No problem
Reply
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