Akil_Stokes
Long

GBPAUD: Hopping On The Bullish Trend Could be the Perfect Storm

FX:GBPAUD   British Pound/Australian Dollar
The radar is light once again with only a few pairs (including yesterday’s NZDUSD             idea) still in my sights, but this opportunity on GBPAUD             looks like a pretty good potential. GBPAUD             has driven straight up since…well early 2013             & although the momentum seems to be slowing down, there’s absolutely nothing on the charts as of yet that says we’re going to stop anytime soon.

When trying to hop on a bullish trend I look for reasons to buy on the pullbacks & in this scenario I’ve got a deep Gartley pattern coming in right at our previous structure lows.

Add to that, on the fundamental side of things GBP has been one of the strongest pairs with BOE expected rate hikes anytime from December ’15-March ’16 while Aussie may be cutting rates. Last week I was able to catch the perfect storm on USDCAD             (Video: https://www.youtube.com/watch?v=noqQm-zSCP8) we’ll see if we can do the same this week.

News wise we have AUD CPI             out tonight at 9:30pm NY Time & A Bank rate Vote for the GBP out Wednesday morning at 4:30am NY Time.

A BIG THANK YOU for the massive response you guys gave me after listening to my interview with Brandon Clay from http://www.TradingStory.com I had a lot of fun doing it and I’m glad it was informative. I’ll put the link below for anyone that didn’t get a chance to check it out. Also don’t forget about that Syndicate special deal we have going on. Take advantage of it before it’s too late.

Interview w/ Trading Story http://tradingstory.com/podcast/35-akil-stokes-trades-fx-and-coaches-track/

Akil Stokes
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
My Videos: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Deep gartley ? Can you explain me what are the proportions on this pattern? I trade some harmonic patterns but I don't know about this.

Thanks
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By Deep i mean that the D completion (127.2) completes close to the X leg
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it should go up in the next OR you have around 2.0800. i have done perfect calculation for sell setup but i did not took it i was stupid although it was perfect calculation.

The wave done it should be the correction wave A after that we have correction wave B up and after the big pull down wave C. still chances coming i will nail it next time

snapshot
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Hello...From where i can get this indicators on your chart ?
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Akil_Stokes PRO ForexTrader3f
There are no indicators on my chart aside from the RSI at the bottom
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Akil_Stokes PRO ForexTrader3f
I simply drew it out by hand
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ForexTrader3f ForexTrader3f
but is there any rules to drew it ? can u give some advise to learn it ?
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Akil_Stokes PRO ForexTrader3f
Sure those are just the ebs and flows of how the market moves. Identifying a trend essentially. Here's a link to some free training on some of the basics of technical analysis. I recommend watching "Into The Grey" and "turning Point" http://tradeempowered.com/learn-to-trade/
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Akil_Stokes PRO ForexTrader3f
I think learning how to read a price chart is an essential part of trading no matter what strategy a trader wants to follow, so hopefully these videos will help out with how your currently trading
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ForexTrader3f Akil_Stokes
Okay..thanks a lot..let me see your link..if any problem..i will ask you for guide me..thanks a lot..
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Akil_Stokes PRO ForexTrader3f
Hope you enjoy it
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Also a nice Cypher "a few" pips lower
snapshot
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petermp25 petermp25
Well, i've seen more beautiful cyphers but oh well... ^_^
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hey it's not a beauty competition
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Beatiful trade Akil, worked out just as you prdiected. Hopefully by now you are out of your drawdown you were in a few weeks ago. Awesome to see how a professional trader deals with drawdowns, makes a video about it and is able to ride out the storm back to success. Great work Mister.
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adan3ter adan3ter
Ooops...this was supposed to go in your other post, in the Aussie trade
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Thanks, last week helped a lot, but overall this summer has been very bland. Seems like we've been fighting our hindparts off just to stay above breakeven
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mind blowing call Akil bingo tgt achieve
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Were you able to stay in this trade?
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No, I was stopped out
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