Akil_Stokes
Short

EURUSD: a 3rd Potential Advanced Pattern Formation

FX:EURUSD   Euro Fx/U.S. Dollar
2 months ago
Earlier in the day I shared a chart looking at 2 potential advanced pattern formations on the Euro             Daily Chart . Well, while in the Live Trading Room we also discovered a third opportunity her eon the 4 Hour chart in the form of an Advanced Gartley Formation. This particular Gartley has a deeper than usual "D" completion providing us with a better risk to reward ratio then what we would typically expect from this advanced pattern formation.

2 months ago
Trade active: Filled Long at 1.1060
2 months ago
Comment: This is a LONG setup. Must have hit "Short" in the title by accident
2 months ago
Trade closed: stop reached: Stopped out for -45
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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DamianSchelling
2 months ago
You are Long right?
The title of your post is poiting SHORT.
+3 Reply
Akil_Stokes TOP DamianSchelling
2 months ago
Correct, must have hit short by accident
+2 Reply
Akil_Stokes TOP DamianSchelling
2 months ago
Thanks for the heads up
+1 Reply
DamianSchelling Akil_Stokes
2 months ago
You are welcome =)
Reply
TRDanaa
2 months ago
Im in on this as well! Hope this trade goes well without suprises :)
+1 Reply
Akil_Stokes TOP TRDanaa
2 months ago
Every tick is a surprise in these markets, but yeah it'd be good to grab a winner
+1 Reply
Jurie1988
2 months ago
Im long with you guys lets hope for the push i have a bad average ;)
+1 Reply
Akil_Stokes TOP Jurie1988
2 months ago
Thanks, I'm hoping for a bullish move as well
Reply
Akil_Stokes TOP Jurie1988
2 months ago
When it comes to your average just stick to the plan and trust it. As long as you're not sabotaging yourself things should eventually reflect your expectancy
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ChrisMark
2 months ago
EURUSD Daily Chart.

My view
+1 Reply
ChrisMark ChrisMark
2 months ago
I am short at the breakdown its 24 pips down for now
+1 Reply
Akil_Stokes TOP ChrisMark
2 months ago
Well done
Reply
Akil_Stokes TOP ChrisMark
2 months ago
Nice! thanks for sharing Chris, i think it's great for traders to see how the same chart can yield different ideas
Reply
ChrisMark Akil_Stokes
2 months ago
That's true , looking closely that price area 1.10539, because i think that's the level that will determine the long or the short position
+1 Reply
Akil_Stokes TOP ChrisMark
2 months ago
Good stuff, hopefully it works out where both of us can make some money. but if not, at the end of the day we both executed "good" trades which is what matters in the long run
+2 Reply
ChrisMark Akil_Stokes
2 months ago
Love the way you react and like your ideas, thank you for sharing , happy pips mate
+1 Reply
Akil_Stokes TOP ChrisMark
2 months ago
no problem!!
Reply
PHL
2 months ago
nice find! massive R/R indeed
+1 Reply
Akil_Stokes TOP PHL
2 months ago
Thanks
Reply
Thanks Akil!!!
+1 Reply
Akil_Stokes TOP victor.marquez
2 months ago
No problem
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Werasuper
2 months ago
Akil, i think now is the best trade on eur/cad. buy 1.4620. What do u think about it? stop loss 1.4599
+1 Reply
Akil_Stokes TOP Werasuper
2 months ago
I'm sorry but that's not a pair that's in my trading portfolio so I'm not up to date on what it's doing. Even if I was you haven't given me enough information to lend you my opinion (such as the timeframe that you're looking on). In general i would tell you this, if what you see on the chart meets the rules within your trading plan, then I think that it's an excellent opportunity.
Reply
Werasuper Akil_Stokes
2 months ago
Ok, Sir! I can not attach a chart here. And I give a link to my idea.
https://i.gyazo.com/cd98914bc7b630010d2f562ec8b74f3e.png
+1 Reply
ChrisMark Werasuper
2 months ago
my view on EUR/CAD , Im selling that
EURCAD 4H Chart.
Reply
Akil_Stokes TOP Werasuper
2 months ago
Looks to be a decent level to buy. Better to be long than short when at support
Reply
ChrisMark Akil_Stokes
2 months ago
Bearish Flag has Formed . Thats what im trading
+1 Reply
Akil_Stokes TOP ChrisMark
2 months ago
Nice
Reply
Akil_Stokes TOP ChrisMark
2 months ago
Looks like it's going to be a good old fashioned trading battle between you two
+2 Reply
Werasuper Akil_Stokes
2 months ago

Thank you sir! Your opinion is very important to me!
+1 Reply
Akil_Stokes TOP Werasuper
2 months ago
You're welcome
Reply
I'm going long up but the SL where should be Akil ?
+1 Reply
Akil_Stokes TOP technical.performance
2 months ago
I would advice not getting involved in the trade if you're unsure of where your stop loss is supposed to be. that tells me that this is a trade that's not within your trading plans rules
Reply
technical.performance Akil_Stokes
2 months ago
Do you think 1.035 would be enough Akil
+1 Reply
Akil_Stokes TOP technical.performance
2 months ago
What do your rules say about how to place a stop loss for this particular trading setup?
Reply
Akil_Stokes TOP technical.performance
2 months ago
I don't want to seem mean, but I feel as if giving you an answer would only encourage you to follow through with a trade that doesn't seem to be in your trading plan. And as a trading coach i hope you can understand how that goes against everything i preach and teach
Reply
Akil . i'm going up long where the SL should be Akil ?
Reply
Jurie1988
2 months ago
Akil whats your target on this one? Im thinking the fib retracement at just under 38.2 (1.11087). Any thoughts?
+1 Reply
Akil_Stokes TOP Jurie1988
2 months ago
I use the traditional 38.2 & 61.8 fib levels for advanced pattern formations
Reply
Jurie1988 Akil_Stokes
2 months ago
are you hedging this trade against the CHF or anything?
+1 Reply
Akil_Stokes TOP Jurie1988
2 months ago
No, I don't implement purposeful hedging into my trading strategy at all.
Reply
JovanVeskovic
2 months ago
HASTA LA VICTORIA :) I'm in 1.10533 LONG
+1 Reply
Akil_Stokes TOP JovanVeskovic
2 months ago
Nice, wishing you the bets of luck on this one
+1 Reply
JovanVeskovic Akil_Stokes
2 months ago
Thanks- to you, too!
+1 Reply
Akil_Stokes TOP JovanVeskovic
2 months ago
No problem
Reply
Cpierrot
2 months ago
Ooowweee! Nice one Akil! Unfortunately, the the R/R (risk part) is beyond my 100 pip risk rule...now if price action pushes lower I may reconsider. I'll follow the outcome over the days...Nonetheless, best of luck from your future 12WT member! lol :)
+1 Reply
Cpierrot Cpierrot
2 months ago
whoops! i mis-drew my fib extension! not 100pip risk...only about 50-60...hmmm...let me re-evaluate...
+1 Reply
Akil_Stokes TOP Cpierrot
2 months ago
hahaha, just saw this comment as well! I know the bigger setups feature a potentially large risk.
Reply
Akil_Stokes TOP Cpierrot
2 months ago
Thank you. You may want to recalculate your risk as 100 pips seems a far ways away
Reply
Cpierrot Akil_Stokes
2 months ago
Yes indeed. With sooo many opportunities these markets provide, i'll be fine if I "sit" this one out. Me and USDJPY are in an ongoing heated battle on a 4hr cypher (def testing my patience and discipline!)...best of luck again...
+1 Reply
Akil_Stokes TOP Cpierrot
2 months ago
Thanks, i just hope "sitting out" is part of your plan
Reply
Cpierrot Akil_Stokes
2 months ago
nope..."sitting out" was me knowing that i did not properly evaluate entries/exits/and RR on this opportunity trade for THIS pair, and NOT clicking "buy" just because you posted it...lol...this has been my challenge (really downfall) for me in my 1st year of trading....i'd rush trades, hop in too late, hop out too soon, buy here, sell there, it reversed here, eventually sabotaging nearly all my capital..luckily i've taken a step back and slowed down ALOT...know i know, i'm only as good as my next trade, so if it didn't meet my rules initially, only to find out it was bc of an error on my part lets me know to not force the trade...there's always tomorrow...you're videos have taught me ALOT...eventually i'll have enough to take your 12WT course! thanks again!
+1 Reply
YoussefRazak
2 months ago
Good Luck. According to my plan i cant be long this pair, short only.

Thanks for the share Akil
+1 Reply
Akil_Stokes TOP YoussefRazak
2 months ago
no problem and way to stick to the plan!
Reply
ArAlshammary
2 months ago
have the same
i m long too
EURO Index gives buy signal
+2 Reply
Akil_Stokes TOP ArAlshammary
2 months ago
Nice!
Reply
TomPower Akil_Stokes
2 months ago
Akil are the European currencies correlated to they are stock indices?
+1 Reply
Akil_Stokes TOP TomPower
2 months ago
Some are during certain periods of time
+1 Reply
Walentine
2 months ago
stop out :(
+1 Reply
Akil_Stokes TOP Walentine
2 months ago
Me too
+1 Reply
Jurie1988
2 months ago
Hi all anyone still in this trade with me?
+1 Reply
Akil_Stokes TOP Jurie1988
2 months ago
I was, but just stopped out
Reply
PHL Jurie1988
2 months ago
yes still in for a few more minutes maybe..
Reply
Took this one as well:)
Reply
sherev89
2 months ago
As we say in russian "accidents are not always accidental") I was wondering why you write short while drawing long formation)
+1 Reply
Akil_Stokes TOP sherev89
2 months ago
I simply hit the short button instead of the long. However if I did subconsciously know what was going to happen, I did need to figure it out that way I'll never lose again. Funny because I just re-read a chapter in the new market wizards about a trader who actually did that
Reply
jimmy.wiradi Akil_Stokes
2 months ago
are u in the trade akil? i mean for a long position
+2 Reply
Akil_Stokes TOP jimmy.wiradi
2 months ago
I was before getting stopped out this morning
Reply
chartmaster
2 months ago
Hi Akil, thanks for sharing. How do you define your entry, exit and stop loss levels?
+1 Reply
Akil_Stokes TOP chartmaster
2 months ago
Thanks, I use fibonacci ratio's, atr and of course structure
Reply
theforexscrub
2 months ago
Strange how u clicked short by accident and really meant to go long. Its like something was giving you a sign to actually go short on this pair... like god or something
+1 Reply
Akil_Stokes TOP theforexscrub
2 months ago
Next time I need to listen to those outside forces a little better
Reply
Neeshan PRO
2 months ago
I got stopped out as well, but there is another opportunity. Long Bat pattern just got filled.
+1 Reply
Akil_Stokes TOP Neeshan
2 months ago
Nice! Wishing you the best!
Reply
Akil_Stokes TOP Neeshan
2 months ago
I'm in it as well but as a Cypher (same trade though since they're both in the same area)
Reply
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