Akil_Stokes
Short

EURUSD: a 3rd Potential Advanced Pattern Formation

FX:EURUSD   Euro Fx/U.S. Dollar
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.

Trade active: Filled Long at 1.1060
Comment: This is a LONG setup. Must have hit "Short" in the title by accident
Trade closed: stop reached: Stopped out for -45
You are Long right?
The title of your post is poiting SHORT.
+3 Reply
Akil_Stokes PRO DamianSchelling
Correct, must have hit short by accident
+2 Reply
Akil_Stokes PRO DamianSchelling
Thanks for the heads up
+1 Reply
DamianSchelling Akil_Stokes
You are welcome =)
Reply
Im in on this as well! Hope this trade goes well without suprises :)
+1 Reply
Every tick is a surprise in these markets, but yeah it'd be good to grab a winner
+1 Reply
Im long with you guys lets hope for the push i have a bad average ;)
+1 Reply
Thanks, I'm hoping for a bullish move as well
Reply
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
Reply
EURUSD Daily Chart.

My view
+1 Reply
ChrisMark ChrisMark
I am short at the breakdown its 24 pips down for now
+1 Reply
Well done
Reply
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
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
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
Love the way you react and like your ideas, thank you for sharing , happy pips mate
+1 Reply
no problem!!
Reply
nice find! massive R/R indeed
+1 Reply
Thanks
Reply
Thanks Akil!!!
+1 Reply
Akil_Stokes PRO victor.marquez
No problem
Reply
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
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
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
my view on EUR/CAD , Im selling that
EURCAD 4H Chart.
Reply
Looks to be a decent level to buy. Better to be long than short when at support
Reply
ChrisMark Akil_Stokes
Bearish Flag has Formed . Thats what im trading
+1 Reply
Nice
Reply
Looks like it's going to be a good old fashioned trading battle between you two
+2 Reply
Werasuper Akil_Stokes

Thank you sir! Your opinion is very important to me!
+1 Reply
You're welcome
Reply
I'm going long up but the SL where should be Akil ?
+1 Reply
Akil_Stokes PRO technical.performance
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
Do you think 1.035 would be enough Akil
+1 Reply
Akil_Stokes PRO technical.performance
What do your rules say about how to place a stop loss for this particular trading setup?
Reply
Akil_Stokes PRO technical.performance
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
Akil whats your target on this one? Im thinking the fib retracement at just under 38.2 (1.11087). Any thoughts?
+1 Reply
I use the traditional 38.2 & 61.8 fib levels for advanced pattern formations
Reply
Jurie1988 Akil_Stokes
are you hedging this trade against the CHF or anything?
+1 Reply
No, I don't implement purposeful hedging into my trading strategy at all.
Reply
HASTA LA VICTORIA :) I'm in 1.10533 LONG
+1 Reply
Akil_Stokes PRO JovanVeskovic
Nice, wishing you the bets of luck on this one
+1 Reply
JovanVeskovic Akil_Stokes
Thanks- to you, too!
+1 Reply
Akil_Stokes PRO JovanVeskovic
No problem
Reply
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
whoops! i mis-drew my fib extension! not 100pip risk...only about 50-60...hmmm...let me re-evaluate...
+1 Reply
hahaha, just saw this comment as well! I know the bigger setups feature a potentially large risk.
Reply
Thank you. You may want to recalculate your risk as 100 pips seems a far ways away
Reply
Cpierrot Akil_Stokes
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
Thanks, i just hope "sitting out" is part of your plan
Reply
Cpierrot Akil_Stokes
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
Good Luck. According to my plan i cant be long this pair, short only.

Thanks for the share Akil
+1 Reply
Akil_Stokes PRO YoussefRazak
no problem and way to stick to the plan!
Reply
have the same
i m long too
EURO Index gives buy signal
+2 Reply
Akil_Stokes PRO ArAlshammary
Nice!
Reply
TomPower Akil_Stokes
Akil are the European currencies correlated to they are stock indices?
+1 Reply
Some are during certain periods of time
+1 Reply
stop out :(
+1 Reply
Me too
+1 Reply
Hi all anyone still in this trade with me?
+1 Reply
I was, but just stopped out
Reply
PHL Jurie1988
yes still in for a few more minutes maybe..
Reply
Took this one as well:)
Reply
As we say in russian "accidents are not always accidental") I was wondering why you write short while drawing long formation)
+1 Reply
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
are u in the trade akil? i mean for a long position
+2 Reply
Akil_Stokes PRO jimmy.wiradi
I was before getting stopped out this morning
Reply
Hi Akil, thanks for sharing. How do you define your entry, exit and stop loss levels?
+1 Reply
Akil_Stokes PRO chartmaster
Thanks, I use fibonacci ratio's, atr and of course structure
Reply
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 PRO theforexscrub
Next time I need to listen to those outside forces a little better
Reply
I got stopped out as well, but there is another opportunity. Long Bat pattern just got filled.
+1 Reply
Nice! Wishing you the best!
Reply
I'm in it as well but as a Cypher (same trade though since they're both in the same area)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out