Akil_Stokes
Long

GBPJPY: Bullish Bat Pattern

FX:GBPJPY   British Pound/Japanese Yen
Hey traders! Great start to the week thus far with my EURUSD             long from what 2 weeks ago finally banked some profits along with a few other traders that we were in. EURAUD             from Friday got eaten alive but hey we can't win with them all.

Only a few trades on my radar this morning as Monday's are my training day but a simple bat pattern here on GBPJPY             .

Today's Blog Post "A Much Needed Easy Day" http://tradeempowered.com/a-much-needed-easy-day/

Akil Stokes
Chief Currency Analyst
http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
https://foreignexchangeinvestments.wordpress.com/2015/07/25/gbpjpy-long-opportunity/
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Monday's are not your trading day :)
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Akil_Stokes PRO korhancakir
Nope, aside from the longer term stuff, I don't have much interest in trading on Mondays
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sir can we long here
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What do your rules say?
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ahmed.barakat1 Akil_Stokes
what is the TP ? and ST ? for this one
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Akil_Stokes PRO ahmed.barakat1
For advanced patterns 38.2 & 61.8 are the typical targets with the stop being beyond the X leg
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Akil_Stokes PRO ahmed.barakat1
So in this case I'm looking at 192.25s to get taken out
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Did you enter this trade or did you not (due to Monday)
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I did, what I mean is that I don't actively intraday trade on Mondays meaning I don't actively watch the markets through any set period of the day like I normally do Tues-Fri when i run my live room
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FX_J4YD3N Akil_Stokes
Ah ok well it was a brilliant trade has the price hit all targets?
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just an advanced pattern, nothing too special about it but thank you. And no, none of my targets have been hit yet, but just moved stops up to insure that profit is the outcome nomatter what
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Gokin Akil_Stokes
Hey akil, How can I get access to your live room. Im subscribed to syndicate but cannot get the software downloaded as I have mac and its not compatible..?
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There's no live room on Monday's but a link for the room and password will be emailed out tomorrow morning
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We're also working on moving the TradeFloor to our syndicate website instead of having it be a separate software that way mac users without windows can take full advantage of it. Not sure when that's going to be though
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Gokin Akil_Stokes
Other then the software, does the site not have any features to follow live trade info?
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No just the Warroom archives (once Jason gets back), the intro training course and the videos that I post a few times each week.
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Are you able to purchase any type of software where you can run windows from you mac? I know most charting platforms aren't mac ready either which is why i ask
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Gokin Akil_Stokes
I use "PlayOnMac" which allows me to run MT4 and few other windows software, but I'm unable to install the trading software on that. Would you have any other suggestions based on your users who may have mac? Im currently on the $1 period, I wouldn't want to continue it if I can't make the most of the programme...
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I'm honestly not sure as I'm not really good with computers. Shoot an email to Charles at Charles@tradeempowered.com and he can provide you with a much better answer than I can about that topic
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Just rolled stops up under the 19150's level as we look to fight off this strong psychological number at 192 even. With us being around 20pips away from targets it's not worth giving back the entire move if the sellers win here
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ArekJP Akil_Stokes
great spot! what is your price target? (192.45 that's what im thinking - next structure)
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I'm looking for 192.25s
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ArekJP Akil_Stokes
yes - makes sense - 38.2 retracement . Thanks!
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great trade!
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Thank you
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I had this but it missed the entry by 0.006..
snapshot
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I hate when that happens, unfortunately that's part of trading. Sometimes we just miss on getting stopped out as well so I guess it evens itself out
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petermp25 Akil_Stokes
Yeah, it's happened quite a few times. The worst was NGAS 1 pip (0.001) away. But oh well.
At first i considered slightly raising/lowering my entry level in accordance with the D point but I thought that that wouldn't be a very good idea simply for a quick entry. As long as it doesn't happen for 90% of my Setups then it's okay.
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THX for sharing..this is my opinion:
Bullish Flag?
snapshot
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Thanks for sharing
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missed entry by 2 pips
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I took the long because of this
snapshot
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Yahia.Awes Yahia.Awes
Result so far
snapshot
And I see a potential IHS. I know that is rare to happen at tops, but I see this pair going to 198 so I'm taking it. That will fulfill my long term plan, I'm hunting this pair as a predator!
GBPJPY downtrend channel since 1979
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nice one akil!
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thanks, pain free for the most part
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Spot on .
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