Akil_Stokes
Short

EURUSD: Bearish Gartley In A Bearish Market (w/Video Link)

FX:EURUSD   Euro Fx/U.S. Dollar
Short & simple today (no pun intended). We have a potential bearish Gartley pattern setting up on a market that has been in a strong bearish trend . Perfect chance for those of you who aren’t trend continuation traders, to hop on a TCT type of move using advanced patterns.

With Jason Stapleton out of town today, I’ll be running this morning War Room meeting, running through what trades are on my radar for the day. Here’s the link where you can watch it live. https://www.youtube.com/watch?v=hb5083vqIOM See you there!

Akil Stokes
Chief Currency Analysis at Trade Empowered
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Also a potential Bearish BAT ?
snapshot
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Not going to be a valid X-A for me Neel
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ThomasJeff_DCM Akil_Stokes
i would like to hear why you think its not a valid X-A in this case? I got a bearish Cypher but i can see the bat there too,
snapshot
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riskmode ThomasJeff_DCM
It's not a valid XA because XA is supposed to be 1 wave. What is drawn there is clearly more than 1 wave.
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Akil_Stokes PRO ThomasJeff_DCM
On the potential bat pattern that you're referring too, to me I just see it as being two different moves and not a single impulse leg.
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Yampi Neel_K
um...i think 1.13 is most important to E/U.If E/U can hold above it, i geuss will upword 1.1360. Otherwise,i see it will dowgrade to 1.1100,even 1.1045
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Structure leaves clues
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Big thanks to everyone that came to the Hangout this morning. Recording should be up soon https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg?sub_confirmation=1
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Many thanks Akil! Recently you shared another chart that shows 1.12 area as a possible turning point. And that idea fits my opinion as well...Do you still think that is possible? my geometry is poor in charts!
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I thought that 1.12's would be the next stopping point, however I don't think it's strong enough structure for us to see a true reversal. So for a counter trend trader it was a point where they could look to snag a few pips on a retracement, but I would be looking to buy and hold at that level personally
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riskmode Akil_Stokes
why don't you feel 1.12 is strong enough structure to see a true reversal? what does it take for structure to be strong enough for a true reversal?
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Just look left, there's not much there
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riskmode Akil_Stokes
on the 60 min chart there isn't anything there :P, but if you zoom out the early August highs are there which seem pretty strong.
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And for that reason i thought we'd see some type of reaction there, I just don't see it as being a major level of structure. We're all open to our opinions though, so I hope it doesn't seem like I'm bashing your idea.
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If we can get down to the 1.11's-1.10's range, i'd be much more interested in that level. And ofcourse 1.08's
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riskmode Akil_Stokes
I didn't think you were bashing me. I was not trying to bash you either. I am just trying to get to the bottom of why you feel 1.12 early august highs aren't as likely to cause a big reversal as 1.11-1.10 or 1.08. There are structure levels everywhere. It helps to know which ones are more likely to lead to a reversal
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Nice, i always like to make the bashing thing clear since I've found that some people on these forums tend to take things very personal. For me major levels of structure are typically swing points in the market. So previous new structure highs or lows or a level that is clearly tested multiple times. Although structure does exist at that point, the bigger swing rests down at 1.08's and even the previous start of the previous swing low to high starts at 1.10 which is why i think those levels may be more important. I guess you can say that I value "outside" levels of structure more than "inside levels"
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Thanks Akil!!! you are a pathfinder in trading...
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Thanks
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Is this still valid?
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Yup, just have to make some adjustments to the "C" leg
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hounds Akil_Stokes
Hi Akil, did the Constellation software pick up the pattern, and if so would it also adjust the C leg, as you stated that you would have to do


+1 Reply
Yes constellation did identify this one as well
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hounds Akil_Stokes



























































































































































































































































































































































































































































































































































































































































































































































































































Thanks for your reply Akil :)























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Nice chart, but it seem , cannot use this to make profit in market.
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Akil_Stokes PRO No_more_Post
Thank you, and that's okay, there are plenty of ways to make profit in trading. My suggestion is to stick to the way that works best for you. It's also a horrible idea to blindly follow someone else in my opinion so I would hope that nobody is trying to make off of others ideas. That's an easy way to go broke.
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Akil_Stokes PRO No_more_Post
Can I ask you a question. How come you feel the need to leave negative comments on my charts? If you don't like or agree with what I'm positing you can easily just not look at it. instead you chose to leave comments that disrupt a positive atmosphere that we've worked hard to create here. Just curious on why?
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What broker do you use?
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I'm sorry but I don't give out broker information. For legal reasons. Hope you understand
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EUR/USD


CYPHER ALWAYS WORKS PRETTY WELL IN EUR/USD IF THE RATIO ARE EXACTLY MERGES TOGETHER
+1 Reply
Akil_Stokes PRO sumathidenward
Yes that was a beautiful cypher completion. Easy win! Well done!
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ThomasJeff_DCM Akil_Stokes
It turned right on a dime and went tight to T1 and is not consolidating. I trade with only target 1 and even the R:R is usualy 1:1,3-4 then it makes plenty of pips. The only other pattern i trade is the Bat with target 1 too. And i´m up 57% in the last 4 and a half months. I don´t care about the trend if i see a pattern i take it.
snapshot
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hounds ThomasJeff_DCM
Nice pick up Thomasjeff
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Akil_Stokes PRO ThomasJeff_DCM
I love hearing that Jeff! "The pattern is the pattern is the pattern" I took the Gartley so I wasn't able to make as much profit as you but a wins a win! Cheers!
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ThomasJeff_DCM Akil_Stokes
I owe everything to you and Jason you change my life with the Pro trader course! Keep up the great work, i love the new YouTube recordings you make from the live room sometimes. Kind regards
+1 Reply
Akil_Stokes PRO ThomasJeff_DCM
thanks man, just remember, it was YOU who decided to take action and make a change and YOU who put in the work. We have plenty of traders who have came through courses and failed. So please give yourself most of the credit.
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ThomasJeff_DCM Akil_Stokes
Its you and Jason that tought me that you need to spend the 500+ hours of backtesting before you can write your trade plan and got the data to calculate the optimal money management, and most of all the thing that after the 500 or more of backtesting i got alost a 1000 trades so i belive completely in my trading cause i know over time it just works. So win or loss i don´t have any emotions anymore. Its something no one else teach! And the method is so simple i keep telling my self i can´t belive it actually works.
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hounds Akil_Stokes
Hi Akil may ask if the Constellation picked the Cypher up. Thanks
+1 Reply
I can't check right now because I'm loading my range bar charts but I have no reason to think that it wouldn't. In general constellation will spot out almost every advanced pattern. Even some that I don't agree with, but nothings perfect
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hounds Akil_Stokes
Thanks Akil
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