Akil_Stokes

GBPJPY:Gartley, Bat or Butterfly w/ video on Rising Wedges

FX_IDC:GBPJPY   POUND STERLING / YEN
As you can see, lots of potential action here on the GBPJPY             following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already

“A Trading Book Must Own & Trading Simple Patterns” https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg?sub_confirmation=1

Today I have a handful of advanced patterns on the radar including a bear gartley , bull bat , and a bull butterfly . I’m not too big on butterfly patterns so I’ll be ignoring that one but it’s there.

Aside from that, I just got short the AUDCAD             from last night’s Syndicate video which is now featuring another rising wedge pattern inside of our ab=cd/2618 trade and I’ve got my eyes glued to EURUSD             , GBPUSD             & NZDUSD             from some trading opportunities.

Yesterday was a no trade day for me, but hopefully I’ll get some valid signals today and end the week with a bang!

Akil Stokes
Chief Currency Analysis at Trade Empowered
Click Here for 20+ hours of FREE Training
http://tradeempowered.com/learn-to-trade/

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Very nice ! Nice video too watched and subscribed! Regarding a new phone I would say iphone 6 plus since it is much more fluid and generally easier to use over s6 or other android phones. Also if you want to trade on your phone etc apple is the way to go as IOS is much much safer than Android OS. Hope that helps !
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Thanks!
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I dont think the price is following your pattern.
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What makes you say that?
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hansmeister Akil_Stokes
Hello Akil, I watched your video in youtube and your post.. I think all your analysis are make sense.
I followed your instruction and Jason which you all shared on youtube and my account has significantly increase, and now I have different view about trading as my business.
Thank you very very much.
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Akil_Stokes PRO hansmeister
That's great to hear, when you can go from trading being a hobby to a business, it's an entirely different mindset
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Hi Akil...new trader here n I enjoy as well learn a lot from ur analysis...just need to clarify...bear gartley pattern complete or does it need to fill few more pips before it goes down? Thank u
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Hey Shukz,it all depends on where the traders entries were at. The pattern technically did not complete but if a trader was front running their orders they may have been filled.
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Nice :)
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Mr Stokes, thanks for all the great ideas and training. Question, I noticed you're using the FX IDC chart, which differs from the FX FXCM chart. They have differences in the candles and wicks and may have a valid pattern on one and not the other. Which one should we use?
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I didn't even notice that, I didn't know that tradingview used different data providers as it's not what i used to do my normal analysis
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I don't really have a recommendation on which to use (for legal reasons) but this is the first I've heard of FX ICD
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Indeed, I have noticed different candles and wicks. Personally I think FXCM data based charts looks better (and thus probably works better) :-D
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Balazs leszekstanislaw
Seems some others agree on FXCM also... thanks!
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Balazs Akil_Stokes
Thank you for your input!
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Sell limit triggered upon completion of the Gartley but got stopped out regretfully... Pity, because it was a nice setup!!
Lesson learned..., SL too tight (194.85)..., should have known that the high @ 195 would be taken out..., hitting myself in the head now... :-)

Anyhow, now on the way to complete the bullish bat (I hope), any recommendations on SL at completion of the bat?
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Why do you say that your stop loss was too tight?
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KVE PRO Akil_Stokes
That 195 level was close, so some stops would be accumulated above it so easy taking out by smart money I would say.
But, you're right, I get the point... I had a plan, followed it through so it was a good trade anyhow, right?!

Thanks Akil I needed that ;-) :-)
The psychology of trading for me is the most difficult..., wiped out my whole account before by revenge trading; you know everything you shouldn't do but still you do it, over and over again... Greed, fear, revenge, not being able to take a loss...

That's why I stopped monitoring my trades, I just put in orders (separate order for every TP, typically 3 TP's) and wait for them to be filled and completed (win or loss), only adjusting SL after completion of TP1 (and TP2, but not always).
That already did alot for me, I would recommend it to anyone! Watching the screens during a trade can be so stressfull...

Thanks alot for your reply, only one simple question from you, but it did what I'm quite certain you intended it to do!
Cheers, keep up the good work and happy trading to all!
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No problem, that's what i'm hear for. Keep that confidence!
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