Akil_Stokes
Short

EURUSD: Potential Trend Continuation Trade (TCT)

FX:EURUSD   Euro Fx/U.S. Dollar
I typically do the bulk of my weekly analysis on Monday after the New York             close, but because last week was spent focusing on the educational side of the business, I wanted to get an early start and get back in tune with the markets.

Looking at a potential trend continuation trade here on the EURUSD             . Obviously we have a good amount of time before (if) we get to our Killzone, but as we mentioned during last weeks event. When possible we want to go through our I.P.D.E. process as soon as possible and try to remain a step ahead of the markets (prediction wise).

Akil Stokes
Chief Currency Analyst & Trading Coach
www.TradeEmpowered.com

Trading Recap Week 45: "What Will Be Different?"
http://tradeempowered.com/trading-recap-week-45-what-will-be-different/
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




motivated.b
a year ago
Did this same analysis, came up with this also, makes me more confident on the trade.
+1 Reply
prashantfx
a year ago
i think we have to wait for some upside before placing a sell order .
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prashantfx
a year ago
and yeah if price comes near 1.08800 /1.09000 den am sure i will sell with sl above 1.10500 and target 1.05500
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Exactly what I was looking at as well ! Good stuff ! :)
+1 Reply
PouryaMakhmali Nico.Muselle
a year ago
can anyone help me understand why levels 0.382 & 0.5 are marked for possible retracement and not the 0.681 ?
+1 Reply
Akil_Stokes TOP PouryaMakhmali
a year ago
There's absolutely nothing wrong with adding the 61.8 to your analysis. For this particular opportunity it simply doesn't fall into my killzone at the time
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rajenderam40
a year ago
EUR/USD Intraday: Under Pressure.

Short Positions Below 1.083 With Targets @ 1.068 & 1.0625 In Extension.
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rajenderam40
a year ago
Supports and resistances:1.091 ***1.086 **1.083 ***1.0735 ......... 1.0625 **1.057 **
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HaiLe Quang
a year ago
@Akil_Stokes
I don't really think this's a very good idea. In a fundamental perspective, with recent FED speaks of a "nearly possible" rate hike in December, the demand for USD rises. While on the other hand, ECB insist on there loose monetary policies. We can see a divergence of two central banks which will lead to the rise of USD and fall of EUR.
+3 Reply
rozela99 HaiLe Quang
a year ago
If the USD rises and EUR fall wouldn't you want to short the EURUSD pair (sell EUR and Buy USD)? I know I would. Doesn't trend continuation trade mean trade in the origianl direction of the overal trend? I think so. Is the overal trend down? Again I think so. Would I short here? NO. I am currently long, but thats a differnt strategy within my trade plan. However, my overall perspective is bearish for the EURUSD. If This was my chart and I was looking to short the EURUSD I would have to agree with the analysis. IF price gets to the previous structure zone get short get short. This is not my chart and I don't trade others ideas. Who am I to aggree or disagree with another traders ideas. I only trade what I see. This was probably a little more than needed but I think you may have read the Idea wrong. Just my .02
+2 Reply
Akil_Stokes TOP HaiLe Quang
a year ago
If you say that you're predicting USD strength & Euro weakness then how is looking for a bearish position on the EURUSD a bad idea based off of what you just told me?
+1 Reply
PouryaMakhmali
a year ago
can anyone help me understand why levels 0.382 & 0.5 are marked for possible retracement and not the 0.681 ?
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Nico.Muselle MOD PouryaMakhmali
a year ago
Because of the previous Structure/Support which should now become resistance, chances are not very high that price action will break through this structure. That I guess is the reason why Akil did not draw in the 0,618 retracement, but he can always correct me if I'm wrong.
+2 Reply
Akil_Stokes TOP Nico.Muselle
a year ago
Correct Nico, I simply see no need for the 61.8 at this time. Remember guys fibonacci levels aren't magical. They are simply a tool to support our other analysis
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PouryaMakhmali7e Akil_Stokes
a year ago
Akil could you please explain why you see no need for 61.8 at this time? how you identify this no-need situation?
+1 Reply
Akil_Stokes TOP PouryaMakhmali7e
a year ago
It didn't serve any purpose when I went through my analysis of the potential setup.
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PouryaMakhmali Akil_Stokes
a year ago
May I ask what you foresee? (this is merely an educational question)
+1 Reply
Akil_Stokes TOP PouryaMakhmali
a year ago
I'm not exactly sure what you're asking me
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PouryaMakhmali7e Akil_Stokes
a year ago
Next Movement Euro/USD ...will be a TCT as depicted on above chart?
+1 Reply
Akil_Stokes TOP PouryaMakhmali7e
a year ago
The markets do what they want, when they want to do it. So I can't tell you whether this opportunity will complete or not. All i can do is put myself in a position where I'm able to take advantage of it, if it does
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PouryaMakhmali7e Akil_Stokes
a year ago
so you have no further analysis until you see the next move?
I'm asking this because I've been following you and Jason so I want to improve my knowledge.
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Akil_Stokes TOP PouryaMakhmali7e
a year ago
Correct. Have you checked out our Syndicate program? If you're looking to follow us on a daily basis that's the best place to start. Especially since it starts at $1
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Akil_Stokes TOP PouryaMakhmali7e
a year ago
But yeah, we IDENTIFY what the markets doing, PREDICT what we think will happen next, DECIDE how we want to attack the trade then finally EXECUTE the order
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KayJay Akil_Stokes
a year ago
@Akil_Stokes
Any potential targets once we are in the trade for TCT or is it to early to set any downwards targets yet ?
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Akil_Stokes TOP KayJay
a year ago
Yes I have an idea of where potential targets would go based off of the rules for this trade, but It's way to early to think about that
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RobertPapon
a year ago
HI I agrre with you!
Analysis and Forecast EUR / USD - Weekly overview (09.11-13.11)
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snapshot
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Tijmen_K
a year ago
snapshot


a cypher..
Reply
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