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Akil_Stokes
Jul 27, 2015 11:43 AM

GBPJPY: Bullish Bat Pattern Long

British Pound/Japanese YenFXCM

Description

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" tradeempowered.com/a-much-needed-easy-day/

Akil Stokes
Chief Currency Analyst
TradeEmpowered.com
Akil@TradeEmpowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Comments
TimBrent
nice one akil!
Akil_Stokes
thanks, pain free for the most part
Technician
Spot on .
The_Cannalyst
THX for sharing..this is my opinion:
Akil_Stokes
Thanks for sharing
petermp25
I had this but it missed the entry by 0.006..
Akil_Stokes
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
petermp25
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.
marcus123
great trade!
Akil_Stokes
Thank you
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