Akil_Stokes
Short

GBPAUD: Support Turns To Resistance

FX:GBPAUD   British Pound/Australian Dollar
(VIDEO LINK: https://www.youtube.com/watch?v=n5UI2kypn4I ) GBPAUD             has been a pair that I’ve swung and missed at all week with 2 losing trades & a trade that came half way to targets before getting stopped out for breakeven. The majority of the week has been focused around this same structure level & now that price action is trading below it, I may have my chance at a short opportunity.

As one of my clients showed me yesterday there was a chance to get involved in the initial break of support & retest yesterday, but with us being in a heavily bullish trend on the higher time frames, I wanted to make sure that this wasn’t just a simple retracement of the bigger move. Now don’t get me wrong, this particular setup can easily be a complex pullback as well, but I do have a much better potential risk to reward setting up here if I can play my cards right.

The presence of a new 3-legged bearish formation (SP-ISH-OR-NSL) gives me a little more confidence but I still want to be cautious and look for the right reason for entry. If we do continue bearish , I’m not expecting a full reversal, but with the trend looking as if it’s running out of steam on the daily, we may be in for a deeper retracement. See many of you in the Live Trading Room!
Do me a favor, if you actually read the write ups that go along with my charts please let me know by either giving the like button a hit or leaving a comment beneath. I always want to be as efficient as possible with my time so I want to get an idea of who’s reading and who’s not.

Akil Stokes
Chief Currency Analyst
http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /

Forex Weekend Review Videos:
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
I'm very bearish gbpaud, and short - daily timeframe and above are at major long term s/r levels and have large timeframe pattern completions, I entered short on daily pin bar rejection that has now been duplicated and breaking the lows... imo price is more likely to break lower than higher
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Akil_Stokes PRO dionvuletich
Yeah price action looks to be respecting that minor structure level. Hopefully it can give us the retracement we're looking for
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I read your tradingview posts everytime, because I'm excited about your ideas. Thank you :) (I'm just not much of a commenter)
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Akil_Stokes PRO Ioan-AdrianJuverdeanu
Thanks. And I appreciate you taking the time to comment this time even though it's not your thing.
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I don't really trade GBPAUD as it isn't in my basket of pairs I watch. Limit my trading activity to only at most 8 pairs. Mostly just 6 though. But I do read your almost all your posts regardless of what pair you're posting about. Good stuff. Keep posting! Please!
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Akil_Stokes PRO EverythingForex
I really enjoy checking out ideas as well even if I don't trade the pair. I guess you can say we're real nerds when it comes to trading. Or just have a massive passion for the markets
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Top dog ;)
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"Roof Roof"
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I read all your posts and Im excited about your ideas because you are giving more than just a chart. There is always something to take away and learn from so I really appreciate it.
Thank you Akil!
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Thanks Davis
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Millo
I am on a steep leraning curve visit this site to get an understanding of patterns. Its a different language but really appreciate your comments and thoughts. My passion for FX is growing by the day
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Thank you. Have you checked out the free training videos on my website
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Hi Great analysis there, this trade is rolling along real nice
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Akil_Stokes PRO RJHumphries7d
Yeah, hopefully it can make it down, I'm trying my hardest not to look at it and jinx it
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Akil_Stokes PRO RJHumphries7d
Initial targets hit Cha-Ching!
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dionvuletich Akil_Stokes
Woo-hoo! nice.....
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Hello Akil, i found this on D1 but the SL is too big now, i think we can trade it on lower TF following your strategy
GBPAUD-can we trade this crab?
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dionvuletich FullTimeTrader
yes that's the same as my chart 25 days ago but if you look at the monthly there is a double fib retracement cluster as well
GBPAUD Daily Bearish Butterflies

GBPAUD Monthly Key Levels

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FullTimeTrader dionvuletich
yes, the second pattern is working perfectly now
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Akil_Stokes PRO FullTimeTrader
Yeah, I'm not sold on a bigger move mainly because it's a counter-trend trade and I'd rather get in and out, but the HTF is certainly giving us positive signs to help with the LTF analysis
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Hi Akil your charts and the associated comments are very informative and gives me a pretty good idea of what you are thinking. Great job as usual. Keep them coming!
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Akil_Stokes PRO orvilleawright
thanks, the thought process is what my goal is to get across so thanks for confirming it!
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Hi Akil, I'm interested to know if you have myfxbook or similar or you are one of those guys who spouts all this and makes money from some website?

Some good setups if you know how to trade them. I doubt most people who follow you do tho.
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No I don't use my FX book or anything public like that. i do make income from educational services, but not from a signal service or anything like that. Although those products are good for people who simply want to make money following someone else, there's no educational value in them which goes against my mission. Also, I think they do a disservice to the trader in the long run because if the provider ever decided to stop running the service,those traders are now left with no knowledge or skill on how to trade the markets on their own.
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I'll speak for Akil since sometimes I find he's too modest to speak for himself. I've been a follower of his from day 1 I joined this site. I knew about him before I joined Tradingview because of his Youtube videos and also Jason's videos. There are some "touts" lurking here on Tradingview who post stuff but offer nothing of real substance. Just "teaser" posts to get you to their site. Akil has not done anything of the sort. In fact, I can't remember him ever promoting his services here! Him and Jason do have a very good subscription service to their private "trading room" which he does promote via other places. But whenever Akil posts anything here, it is always substantive, informative, educational and free by his own good graces. Is he a good trader? Does he make bank trading? Does it matter? Only matters is that he is giving good education on trading here gratis.

Scott, I'm sure you are a good guy and you probably aren't bashing here but when you say " I doubt most people who follow you do tho. ", do you realize WHAT you are implying? Either anyone who follows Akil is stupid or Akil is giving out bad advice or he can't teach! Which one is it , bro?
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EverythingForex PRO EverythingForex
Sorry, Akil if I am speaking out of turn here. My apologies, sir.
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Akil_Stokes PRO EverythingForex
No worries I appreciate the kind words and oh yeah "buy my stuff!" lol :-)
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Good post Akil!
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Thanks you, and for the continued support
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I second what everythingforex said. I am not a paid member of any of Akil and Jason's service but I do follow them on other sites. I don't think I've ever seen Akil trying to pimp his service on this forum. I believe most of his post here are to help those of us learning the craft, I personally really appreciate all the effort and free informative stuff Akil shares with us. This could very easily be used as a way to try and sell a service but Akil simply uses it like most other trader to share ideas and though process on trades. Guys like Akil, Techinician, and a few other traders do a great job of informing and sharing their knowledge with those of us who are new and trying to "break" into the trading profession, and they are greatly appreciated.
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Thanks Adan3ter!
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Hey Akil, I hope you are doing great? Very simple and precise analysis. Thank you for sharing. Enjoy your well earned profit, Have a wonderful weekend :)
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Akil_Stokes PRO learningtrader
Thank you!
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hello,

Just need some advice.I only trade patterns -bat,gartley,cypher.But most of my patterns go bust with few going for Take Profit.SL is set few pips above X on all occasions. what should be my next step ?
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Keep following the plan. backtesting should have shown you that there will be up and down periods to your trading but if you're consistent over time the expectancy will be positive. Now if you don't have a clear plan or haven't done any historical backtesting I would stop trading immediately until you do. Or at least stop trading with live money.
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I'll go ahead and comment since I've been watching you for a couple months now. I've been trying to learn more about Forex via Babypips.com. I get pretty overwhelmed pretty often so I have been taking a good long time to finish the pips school. My wife and I just had a child and I feel like I am desperate to get back on track with this and get more serious.
I had a good mentor who has been doing this for over ten years now. I moved away.
You were one of the first people I found on YouTube that seems to have a more reasonable approach to this whole Forex thing. You actually admit when you take losses, you don't beat this around the bush and feed your audience a bunch of nonsense. You simply tell it how it is.

I think I'm still really far behind in my knowledge of this (I'm only in 'High School' at Babypips), but I am really anxious to start a practice account and get this started.
I have a feeling I'll be paying attention to you for a while to come, Akil.
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Thanks. Take your time it's not a race. If there's one thing I could go back and change it would be really making sure I knew the information before rushing to trade.
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Hi Akil,
I found a bullish structure formation on GBPUSD, Performed IPDE and the trade went smooth.
GBPAUD Bullish Structure Formation
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Ahmer Ahmer
^ Typo, It was GBPAUD, , anyway thanks.
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Well done. Way to follow your plan!
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what do you think of shorting this pair @ this position?
snapshot
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it's nothing that i would personally look to do, but if it meets your rules, take the trade
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Tijmen_K Akil_Stokes
Okee Thanks for your response. Dont think so then ;)
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please don't let my opinion dictate how you trade. I'm not saying that you're right or wrong but it's nothing that meets my rules for trading which is why i would not trade it
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Tijmen_K Akil_Stokes
I know that But it was Just A suggestion nog A real trade settup for me. I stick to the 2618's But i never learnt enough
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Tijmen_K Tijmen_K
Not * sorry for the bad typing..
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Okay, I just didn't want it to seem like I was telling you not to trade it.
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