Akil_Stokes
Long

GBPJPY - Completed Bullish Cypher Formation

FX:GBPJPY   British Pound/Japanese Yen
6 months ago
A Completed Bullish Cypher Formation on the GBPJPY             4 Hour Chart
6 months ago
Trade active: I'm long at 135.71
6 months ago
Comment: GBP Inflation Report Hearings in a minute or so. Double check those stops to make sure they're on
6 months ago
Comment: ECB Rate Decision at 7:45 (NY) Followed by ....

ECB Press Conference at 8:30 (NY)

The markets have paused in anticipation of this
6 months ago
Comment: Target level hit but not filled (damn spread) . Rolling stops to break even
6 months ago
Trade closed: target reached: Talk about a trade making you work for it. Missed targets & didn't get filled, Barely got stopped out on trails for breakeven, then finally hitting first targets a few seconds ago. This will make for a great training lesson
vicky13
6 months ago
gbpjpy going long or short ?
+1 Reply
robnab vicky13
6 months ago
long of course "Bullish Cypher" ;)
+1 Reply
johan.larsson PRO vicky13
6 months ago
Vicky, are you asking beacuse you want to learn, or beacuase you want to trade it?
+2 Reply
vicky13 johan.larsson
6 months ago
trade
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johan.larsson PRO vicky13
6 months ago
with real money?
I mean, I am new to this game too, but I beleive a solid understanding of patterns, and a genuine backtesting is in place beofre putting your well-earned money at steak.
+5 Reply
vicky13 johan.larsson
6 months ago
dear , this is not a gambling or game. It's a BUSINESS and i compared all ideas many traders
+1 Reply
johan.larsson PRO vicky13
6 months ago
ok, best of luck to you.
+1 Reply
Akil_Stokes TOP vicky13
6 months ago
Obviously you can do what you please but I must say that "these are just my thoughts & ideas & I don't advise that you blindly follow them"
+1 Reply
Swerver vicky13
6 months ago
What kind of business follows random peoples ideas?
No offense, but If you dont understand this is a bullish trade, how are you comparing other ideas and on what logic??
+7 Reply
NikolaiNikolov vicky13
6 months ago
Exactly. By trading it blindly, just because someone posted it here u are turning it in to a gamble. You clearly have no rules of ur own, or a plan. Good luck you though. Some people need to learn the hard way.
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Akil_Stokes TOP vicky13
6 months ago
This is a bullish pattern formation
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vicky13 Akil_Stokes
6 months ago
ok i agree thanks a lot for better advice
+1 Reply
Akil_Stokes TOP vicky13
6 months ago
No problem
Reply
vicky13 Akil_Stokes
6 months ago
hello akil , gbpjpy going down -586$
+1 Reply
Akil_Stokes TOP vicky13
6 months ago
I'm sorry to hear that. Just make sure you follow your rules. "Process Over Outcome"
+3 Reply
vicky13 Akil_Stokes
6 months ago
please tell me 1 point please what i do
+1 Reply
Akil_Stokes TOP vicky13
6 months ago
I told you not to blindly follow this trade idea, so just as you made the decision to enter, you need to make a decision on how to exit
+2 Reply
vicky13 Akil_Stokes
6 months ago
okay
Reply
Like2Move vicky13
6 months ago
Be prepared to move price down to 134.5, but it can not reach it
Reply
vicky13 Like2Move
6 months ago
OKAY BUT I FOLLOW THIS STRATEGY ........AND I LOST MY MONEY -$541
Reply
faroeseguy vicky13
6 months ago
Babypips.com son!
+5 Reply
CesarVicentdGalvez vicky13
6 months ago
Well lesson learn my friend, I been there, done it.. quickest way to go broke!
Cheers!
+2 Reply
serdargurlek vicky13
6 months ago
johan.larsson PRO vicky13 a day ago
with real money?
I mean, I am new to this game too, but I beleive a solid understanding of patterns, and a genuine backtesting is in place beofre putting your well-earned money at steak.
+3 Reply

vicky13 johan.larsson a day ago
dear , this is not a gambling or game. It's a BUSINESS and i compared all ideas many traders

They warned you smart boy.
Reply
vicky13
6 months ago
okay thanks
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KhunHunSein
6 months ago
i think "long"

sl 135.2
tp136.7
+1 Reply
Akil_Stokes TOP KhunHunSein
6 months ago
Correct this is a bullish advanced pattern formation
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ChandanaHerath
6 months ago
Akil, Thank you for sharing.
+1 Reply
Akil_Stokes TOP ChandanaHerath
6 months ago
No problem
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RicksTrades
6 months ago
Just because a pattern completes does not mean a trader should be taking that trade. A trader should have more criteria listed in there trading rules than just pattern completions.
+1 Reply
Akil_Stokes TOP RicksTrades
6 months ago
I think it all depends on your rules and how aggressive/conservative you are with these types of setups. Obviously there are pros and cons to both situations but I don't agree that you "should" or "must" wait for any type of confirmation when ti comes to advanced pattern formations
+1 Reply
RicksTrades Akil_Stokes
6 months ago
Yes you are correct Akil that it all depends on your rules and how aggressive/conservative you are with these types of setups. When I added confirmations to my trades my win percentage went into the 90's.
+1 Reply
Akil_Stokes TOP RicksTrades
6 months ago
Well done!
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faroeseguy RicksTrades
6 months ago
What kind of confirmations? fib levels and bullish/bearish candle sticks/formations?
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monzeraljarkas faroeseguy
6 months ago
It is, always basic fundamentals.
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RicksTrades faroeseguy
6 months ago
All of the above.
Reply
fali4209
6 months ago
Hi Akil what's your tp on this trade I just closed all shorts from 138 waiting to long as daily indicator still showing more room short
+1 Reply
Akil_Stokes TOP fali4209
6 months ago
I'm looking at traditional 38.2 & 61.8 target levels
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MattKnowles10 Akil_Stokes
6 months ago
of the original bullish leg?
+1 Reply
Akil_Stokes TOP MattKnowles10
6 months ago
No of the C to D leg
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MichealBass
6 months ago
STRACTURE OF GBPJPY
+1 Reply
Akil_Stokes TOP MichealBass
6 months ago
Thanks for sharing your idea Micheal
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Kareem
6 months ago
Hey Akil, do you think that is a valid double bottom/retest on the 15min and a Bat pattern on the 5min?
+1 Reply
Akil_Stokes TOP Kareem
6 months ago
Hey Kareem, we just broke down this pair in the Live Room and didn't see any of that in our analysis
Reply
YoussefRazak
6 months ago
snapshot


Im hoping to go long too on this pair. Structure, trend lines and some Fib levels are my reason.

But today we got BOE Gov Carney speaking caution is advised.
+1 Reply
Akil_Stokes TOP YoussefRazak
6 months ago
Yeah the next 15 minutes or so should be interesting with inflation news coming out.
+1 Reply
ppdgu52 PRO
6 months ago
What's your stop? What's your target?
+1 Reply
Akil_Stokes TOP ppdgu52
6 months ago
Stops are below X and targets are at the traditional 38.2 & 61.8 fibonacci retracement levels
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Hange
6 months ago
I dont think X point is valid
+1 Reply
Akil_Stokes TOP Hange
6 months ago
I would consider it an invalid Cypher then
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juklangel11 Akil_Stokes
6 months ago
i do not like this pattern... spots is getting top...not too much easy out of Japan..uk weak etc.. i have a interest at 61.8 retrace around 132.85...that would be a "A" trade..i rather sit out then.
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
We only want to trade opportunities that meet our rules of engagement. So if this one doesn't then the best thing you can do is stay out of it.
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juklangel11 Akil_Stokes
6 months ago
agree. as long as you leverage responsibly with the right rr.. and back test the specific pair a lot..then paddles clear..otherwise..no no .
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Yup
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juklangel11 Akil_Stokes
6 months ago
that's why i run my own campaign.. we are all captains of our own ship! i trade fx on my own zone.. no cnbc bs or else...the only sane way to pull the trigger and make some dough.
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
I agree
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juklangel11 Akil_Stokes
6 months ago
in my circle currently, i don't know any profitable trader really...they all screw up eventually..back in the day we were 10 guys milking in the floor consistently...now u have 10 banks which will never go under, and everybody else plus the dumb retail trader...no offense to anybody..
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Unfortunately the majority of traders fail. And yes trading can be very lonely, that's why I feel blessed to be able to work with a great community each day. Helps maintain the sanity...well as much sanity as you can have being a trader that is lol
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juklangel11 Akil_Stokes
6 months ago
but you Akil is tight on you trades, which can give you a survival rate...lol
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Thanks, I'm just trying to place one good trade at a time. Very simple goals
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juklangel11 Akil_Stokes
6 months ago
i meant spoos
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juklangel11 Akil_Stokes
6 months ago
besides, too much liquidity just to stop at this level, we'll c..tks for your contribution anyway, u always intelligent trader.
+1 Reply
Akil_Stokes TOP juklangel11
6 months ago
Thank you
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monzeraljarkas Akil_Stokes
6 months ago
lol
Reply
fali4209
6 months ago
I've added long 135.5 tp1 137.2
+1 Reply
Akil_Stokes TOP fali4209
6 months ago
Nice!
Reply
JamyDiyal fali4209
6 months ago
Let's wait and see how this plays out....
+1 Reply
raoadnan84 fali4209
6 months ago
what is SL
Reply
fali4209
6 months ago
My sl is 135.36
+1 Reply
Akil_Stokes TOP fali4209
6 months ago
Thanks for the contribution
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IAmAgainst
6 months ago
What happened with the report, was it good or bad? It doesn't seem to have influenced the price..
+1 Reply
Akil_Stokes TOP IAmAgainst
6 months ago
Nothing much happened off of it. I expect movement today however
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IAmAgainst Akil_Stokes
6 months ago
I hope so, I'm long now but the most important trade for me will be shorting at around 137.5. Loosing this trade will mean that I will also loose the chance of catching some big move down..
+1 Reply
Akil_Stokes TOP IAmAgainst
6 months ago
Best of luck!
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lucamedici01
6 months ago
Thanks! We will see
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Rokz
6 months ago
Wow Akil, I really respect your patience posting trades in this public forum. There are a lot of lost souls in here who don't seem to grasp the fact of putting in the effort to learn and are quick to panic as soon as trades are in the red.

I am still in this trade, I was in before you posted and am proud your analysis matched my own. Whatever the markets do, they will do.

Your a born teacher. Keep it up!
+2 Reply
Akil_Stokes TOP Rokz
6 months ago
Thanks. Luckily I have a great following of educated traders and many of them were able to step in and lend advice to the "lost souls" Hopefully it'll be a learning experience for them and can get on the right track for the future.
+1 Reply
shah-n PRO
6 months ago
Anyone who blindly follows other traders, not knowing what the rules are or the consistency of the strategy, please do me a big, big favour and throw your money in the bin. I know I'm being harsh but it's the truth. One thing to bare in mind is you do not know how the trader manages his trades once entered into a position, you do not know the win/loss ratio of the strategy. Not a single strategy has a 100% win rate, if there was everybody would be trading it and everybody would be rich.

A strategy might be 60% profitable meaning 40% of the time you will lose money. Which also means to be profitable in a long term you should be willing to take every single setup, with good money management. You should not be trading live until you have back tested and know the results and have the confidence to trade it consistently. People do not want to put the hard work in and expect to be on top, news flash you will go broke.

So please everyone, don't rush, take your time and learn it thoroughly and I promise you their is light past the tunnel. For the people that don't know Akil, he is a brilliant Mentor with hell of a lot of experience behind him so I would listen to him. If he says don't trade this blindly he has a reason for it and it's in your best interest.

Sorry for the rant everyone, It's only because I have been their and don't want anyone making the same mistakes. With all that said I wish everyone a lovely week whats left of it and hope this has helped.
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Stink shah-n
6 months ago
Shah-n sometimes rants like that are needed, I can't even fathum the size of the lots that person who lost thier trade obviously it was too big, correct risk management is crtical as ive learned many times. I have a pretty similar set up on my ideas and the RR is good as long as you focus on the pips and not how much money you could make

Good luck all and safe trading!

Akil as always enjoy your videos and ideas, gives me confidence that when someone in this market that I respect posts ideas that were along the same line as my own. slowly buy surely getting there

Have a good day!
Reply
shah-n PRO Stink
6 months ago
People think this is easy and being a millionaire is just round the corner lol same to you Stink have a good one.
+2 Reply
Akil_Stokes TOP shah-n
6 months ago
I agree, there's a reason that the success rate is so low
+3 Reply
JCoffel
6 months ago
I think there was talk one time by you or Jason about making rolling targets and entries if spread was a lil big to be sure they were executed( entry and targets)
+1 Reply
Akil_Stokes TOP JCoffel
6 months ago
Correct, that's why i rolled stops. price action hit my target price point however it needs to spike through to account for the spread and that didn't happen. So i hope we can get back up there and grab a win, but I refuse to lose any money on this trade.
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JCoffel Akil_Stokes
6 months ago
I meant originally to place stops slightly ahead of target 1 to account for spread so it would be executed if it hit targets
+1 Reply
Akil_Stokes TOP JCoffel
6 months ago
Yes, that is correct, that was the price level that I was referring to
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Hamrall
6 months ago
Stops b/e for me too. Barely missing stop and reversing 140 pips to allow a possible b/e trade, I'll take that
+1 Reply
johan.larsson PRO
6 months ago
A topic for discussion in todays Live Room?
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RicksTrades
6 months ago
Following this trade what a ride some of you had. Some of you stopped out, some of you took a lot of heat. I never took this trade as it did not meet my rules.
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mcarl42
6 months ago
Heya people . have a similar question to one below . how necessary are signals and candle changes to identify cypher / complex pattern changes. Or is it just likely that the pattern will complete once hitting targets
Thanks
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-Andrew- PRO
6 months ago
Great to have your analysis to confirm my view
GBPJPY - Cup and Handle Formation - Educational
+1 Reply
deepak612000 -Andrew-
6 months ago
bro was stopped out then it rallied, good analysis its a part of the business @ akil
+1 Reply
Akil_Stokes TOP deepak612000
6 months ago
Sorry to hear that. Getting stopped out only to see it move in the direction of your prediction sucks, unfortunately every once in a while it happens. Just remember, as long as you followed your trading rules then it's considered a "Good Trade"
Reply
Akil_Stokes TOP -Andrew-
6 months ago
No problem Andrew
Reply
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