Akil_Stokes
Short

$EURUSD: "Structured Consolidation" Breeds Pattern Opportunity

FX:EURUSD   Euro Fx/U.S. Dollar
It's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns.

The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so.

I'm currently short the $EURUSD on the bearish Cypher and if everything plays out the way I'd like, then I'll also be collecting profits and getting long at the potential bullish one in green (assuming it stays valid).

It's Thursday so that means my FOREX WEEKEND REVIEW video will be coming out on YouTube. Make sure that your a SUBSCRIBER that way you'll be the first to know when it's released. In today's video i plan on talking about the grind of trading, my best trade ever and what i learned from it, and of course we'll be looking at a potential trading setup that you can add to your watchlist. See you then!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered,com -The Premier Online Trading Education Company
YouTube https://goo.gl/Afk5sG
Facebook: https://goo.gl/VTQngr
Twitter: https://goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM

Trade active
Trade closed: target reached
Trade closed: target reached: 2nd targets off
Trade active: Now long on the 2nd Cypher
Trade closed: target reached: This pairs been bleeding money this week
Trade closed: target reached: And woke up to target 2's being smashed. Well done Euro
Hi Akil, do you consider your targets as "target 2" of bearish cypher or/and if that plays well you trail your stops and close your positions on bullish cypher completion? How do you handle this in case of structured consolidation?
+1 Reply
The "structured consolidation" is just a term to describe the market condition like "trending" or "sideways action" So it doesn't have any affect on my entries, stops or targets.
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Also as far as second targets go I'll worry about that after (IF) first targets are achieved a lot of it will depend on what happens with our current "D" leg. The 2nd cypher may not even end up being valid
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antonyde Akil_Stokes
So as general rule in that cases we trade until the second targets no matter what next,right?
+1 Reply
yes, i would deviate from your plan. Stick to exactly what you did in your backtesting that way you don't sabotage your results
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*I wouln't
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sorry just came in from the cold hands a little froze. I* I would not deviate from your plan
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antonyde Akil_Stokes
Thank you very much Sir! And thanks for your great info you share!
+1 Reply
No problem! Thanks for the continued support, it really does mean a lot
+2 Reply
Wow thank you for the share....!!
+2 Reply
Every once in a while we get a pain free one like this
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LeoTran Akil_Stokes
it was amazing... i have been follow u a while and now actually put in a trade as you mentioned right away and BAM....
+1 Reply
Thanks for the support. Glad to see that you've taking a liking to my style of trading. If you have the time you should join us in the live room we've got a whole community of like minded traders
+1 Reply
TG1! thx Akil.
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That's how you start a day. hopefully we'll be able to see more of the same during our Live Room session
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Wow, that was a very nice trade!
what is your live room trading? is it for free?

Keep On!
+1 Reply
I run a live trading room where you can come in and trade the markets with me from 8am-11am new York Time. We offer a free 1 week trial so come on by http://tradeempowered.com/fx-live-room/
+1 Reply
yossih Akil_Stokes
Thank you!
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very nice Akhil, great observation, learnt a lot over the last few days
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Thanks Akil. But.....where is the 2nd Cypher - sorry I don't trade harmonics:-)))
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The 2nd cypher is the one in green
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diamondekk Siyabonga_Ngcobo
thank you!
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u welcome lol
+1 Reply
How can this possible, I never met someone who can predicted market so well
Wow Akil I'am really impresioned !!!....keep it up my friend ;
+2 Reply
Akil_Stokes PRO CorInna Inna FX
Thanks for the compliment but please no that I lose almost just as much as I win. The key in insuring that your average win is bigger than your average loss.
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Tradewonk TOP Akil_Stokes
Can i get your view on GBPAUD ?
+1 Reply
Can you go into more detail by what you mean by "view"
+2 Reply
What a fantastic trade man! Maximum Respect for this one!
+1 Reply
Thank you
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What is your TP for Long sir? I have 1.0953, would like to hear from you some insight. To be a little more confident. :)
Thanks.
+1 Reply
You shouldn't need to hear from me to be confident. My advice is stick to whatever you have in your trading plan and don't let anybody else including myself influence your trading decisions. no need to turn your back on all of the hard work you've done creating it.
+3 Reply
I would say this, mine are a lot closer than that, but we're probably in this trade for different reasons I would assume
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Could you make a video going into more detail about structure consolidation?
+1 Reply
Akil_Stokes PRO taychan.martin
Yes, I believe Jason Stapleton may be discussing that in his upcoming "Cracking the Code" workshop http://promos.tradeempowered.com/cracking-the-code/ If not I'll certainly be throwing a section of that into future training videos
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ropri4 Akil_Stokes
Is he going to talk about back testing and forward testing? I need to learn how to back/forward test on Ninja. Does Ninja automatic tell you if your strategy is profitable or do you have to download the data then manually go through and see if the strategy is profitable? I never back tested and don't know how. Just out here winging it on what I see in the market.
+1 Reply
No we usually don't talk about that at our free workshops, we try to stick to more of the basic concepts of trading. In my opinion unless you're trading a mechanical system that will be automated you ALWAYS want to perform manual backtesting. The journey is more important than the destination if you get what i'm saying
+1 Reply
EU has been beautiful structurally!
+1 Reply
Indeed
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very nice)
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Akil_Stokes PRO Alexander_Nikitin
Thanks
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Hi Akil, This is beautifully done and Eur/usd played out as per your Chart. I trade with http://www.nseindia.com and you need to select Eur/inr Jan 2016 series to know more. I deal in futures and Eur/inr expiry correlates with Eur/usd and there was upside Eur/inr movements and market hours are limited and 0330 gmt-11.30 GMT. I did trade today and got away with closing Eur/inr longs. regards
+1 Reply
Well done
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Nice one!,
Please check our analysis about USOIL!
USOIL: MANY REASONS TO BELIEVE THAT WE ARE REVERSING SOON

Let us know what you think!
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Akil, when price makes HH-HC and then retraces,is there any indication that tells us that may be a false breakout? Or we handle everything as a potential TC until it not be validated in the end? Thanks
+1 Reply
It depends on the retracement and how quickly price action was reject and corrected after the initial HHHC
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