FX:GBPJPY   British Pound/Japanese Yen
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




felix92
2 years ago
I'm already in... A hard fight is going on at this level ..
+1 Reply
ChiNguyen
2 years ago
with double bottom and rsi aswell Akil?
Reply
Akil_Stokes TOP ChiNguyen
2 years ago
I don't see it on this timeframe
Reply
iznogood
2 years ago
i'm in @187.42
Reply
fourkey2013
2 years ago
feel sorry for all of u
+5 Reply
IvanWang
2 years ago
This is not a good way to trade. feel sorry for u.
+2 Reply
Akil_Stokes TOP IvanWang
2 years ago
Just curious what do you think is wrong with trading this way?
Reply
IvanWang Akil_Stokes
2 years ago
u did not wait for the pattern confirm, and IceUsd is more probrably to go down. So to trade Gbp/Jpy is not a good strategy, and also UsdJpy goes down for a long time, if it is going down, JPy is more possible stronger than Gbp, so the good way is to confirm, not guess where is bottom. just a suggestion. Do not mind.
+5 Reply
Akil_Stokes TOP IvanWang
2 years ago
I don't mind as long as it's an intelligent answer and not just "because it lost." Which you hear a lot on these forms. I would say this, waiting for confirmation is a good thing as it allows the market to provide extra proof that it is willing to hold structure. However, with many advanced patterns such as this one the majority of he time we see a stop and run and because these patterns have such a high completion percentage along with an excellent risk/reward ratio its worth (to me) being aggressive on the entry. Thanks for your comment and you explanation having a civilized trading conversation on these forms are often hard to come by.
+2 Reply
IvanWang Akil_Stokes
2 years ago
I am new here and my English is not so good. Of course, this trade is good but not at a good time, maybe the wave will get your stop, but my suggestion is that you can choose avoid the wave because I am going to long gbyjpy as well, but not at this time. Clearly your trade is right, but quite difficult to escape from the
wave. If I explain my though in a wrong way, apologize to you. hope you do not mind to discuss.
Reply
Patrick_Tremblay IvanWang
2 years ago
I don't understand how you can predict the "wave". On USDJPY (https://www.tradingview.com/x/WUMPZQLv/), there was a Gartley pattern forming at the same time as the bat pattern on the GBPJPY and another one on the EURJPY(https://www.tradingview.com/x/fHnfVuva/). All of them was saying to short the JPY but instead it went up. I dont know how you can wait for the pattern to confirm.
Reply
IvanWang Patrick_Tremblay
2 years ago
First of all, I did not predict the "wave", and I am not sure is it a good word to describle. Since UsdJpy and Usd are at a high position, so we are not going to long it at this time, then we are going to find a reasonable level to long then or short them at a safe way. Secondly, Usd fell down on Monday, it is a reminder that may it is a retracement, but we donot know which support will be usefull. Then, maybe it is a trend for JPY to go up and you do not know when the samll trend is going to end. So why not short USDJPY and wait couple of days when the small trend is end, then long it. The last one, I suppose JPY is stronger than others if it begin to go up, If I am right, I would not take the risk to guess a support. On the other hand, if I am
wrong about it, I just gain less but still have a chance to long it at good
position. And this is the last month to trade before Christmas, probalely the big money are waiting for time to stop short JPY at this time. Just my opionions, I am saying I am right, just try to protect profit at the last month this year.
Reply
Patrick_Tremblay IvanWang
2 years ago
Thank you for the details. I'm not doing this kind of analysis, I tend to only draw the harmonics patterns on my charts and to forget about the fundamentals. These kind of pattern that Akil showed us is the kind that I would buy anytime, no matter if I think the JPY is strong or weak against the GBP. That imply to enter the trade early so I don't have any regret to have lost that one. I realise that I should be more aware of the news and the fundamentals behind it but I have a hard time figuring it out.
Reply
Akil_Stokes TOP Patrick_Tremblay
2 years ago
I disagree, it's very hard to "trade" based off of the news. Not only do you need to predict the release, but more importantly, you have to try and predict the reaction which is darn near impossible for shorter-term traders. Short-term meaning you're not holding the trade for months. If your analysis is based on technicals trade of the technicals and don't doubt yourself based on hindsight. Afterall, if we had a spike in the opposite direction today then these thoughts wouldn't even have entered your mind. Stay strong my friend
Reply
IvanWang Patrick_Tremblay
2 years ago
The most impotant is gain more and loss less, everyone has diffierent way to do that. He is trading great, just a suggestion. I am trading in a different way.
Reply
Akil_Stokes TOP IvanWang
2 years ago
100% true, at the end of the day making consistent profits is the goal. The battle of which means more Fundamentals vs. Technicals will go on forever and there will never be a winner. In my opinion stick to which one you know best and trade it consistently. I advised that this trader ignore the fundies because he mentioned that he was a technical trader. If his strategy was based off of the fundies, I'd tell him to ignore the technicals just the same.
+1 Reply
Akil_Stokes TOP IvanWang
2 years ago
least i think he said he was a technical trader, may have read it wrong. lol
-1 Reply
IvanWang Akil_Stokes
2 years ago
You misunderstand my opionion, I am use technicals as well, but in the same time, I use Fundamentals to cofirm my plan.
Anyway, you are a great trade and I am not bad. Lol.
+2 Reply
Akil_Stokes TOP IvanWang
2 years ago
Take care, and how about we say we're both good traders. that sounds a lot better than me.
Reply
IvanWang Akil_Stokes
2 years ago
Lol, I am not bad means I am not good enought. In China, there is limited to learn how to trade and as you said sometimes really canot hold my position long enough. I am not saying I am good, but I long gold at 1200.50 and take the profit at 1211 based on the trend line. And long GBPUSD at 1.56300 and closed at 1.57950 base on the trend line. I am not long-term trader as you, because I am still learning. Maybe you will laugh at me at my trading because I did not hold it long enough, but I just learn a few months by myself, so there is a long way to go.
+2 Reply
Akil_Stokes TOP IvanWang
2 years ago
I'm not laughing at you at all. i know there is a language barrier but I apologize if I made it seem that way. I really meant it as a compliment and as someone who seems to have a plan in place for how they attack the market. I wanted to applaud you. You're steps ahead of 80% of the traders out here. Again my apologies if it seemed as if I disrespected you in any way.
+2 Reply
IvanWang Akil_Stokes
2 years ago
Have a nice day.
Reply
Patrick_Tremblay Akil_Stokes
2 years ago
I only trade technicals but I was wondering if adding some fundamentals with the technical that I already know would improve my trading. I understand your way of thinking and I think this is a great way to view trading as a whole. I'm just trying to figure out a fundamental way to be more accurate technically but as you said, I should just stick to trade only technicals and forget completely about the fundamentals.
Reply
Akil_Stokes TOP Patrick_Tremblay
2 years ago
have a technical bias, I would say this, if you're going to use fundies use them when you have a trade in the underlying direction of your opinion and perhaps base extended targets basesd on that bias. Or have a filter that says you only take trades that line up with your fundamental bias. Again, fundamentals will affect the longer term positions more than the shorter term trades, but give it a try.
+1 Reply
Patrick_Tremblay Akil_Stokes
2 years ago
I will. Thank you for your replies. Have a good day.
+1 Reply
Akil_Stokes TOP IvanWang
2 years ago
No problem, at the end of the day all that matters is two things. 1) Do you have a trading plan that is Predictable, Verifiable and Repeatable that is shown to have a positive expectancy over time. And 2) Are you willing to consistently execute that strategy. I love the saying Proccess over Outcome, Meaning that no matter what the strategy is, because we can all make loads of money trading completely different ways (afterall it takes there being losers for us to win) a god trade is one where all rules were followed and a bad trade is one where they weren't. Win, lose or draw.
+1 Reply
Sam0101 Akil_Stokes
2 years ago
Akin what do you think on the current condition of USDJPY?
Reply
IvanLabrie TOP Akil_Stokes
2 years ago
Amen Akil, you have great insights, as usual. Keep it up ;)
+1 Reply
IvanLabrie TOP Akil_Stokes
2 years ago
How do you feel about the good Japan news? (and usdjpy topping too)
You still make money with your money management though...right Akil?
+1 Reply
Akil_Stokes TOP IvanLabrie
2 years ago
Yes, no single losing trade or day, week, or month of trading will affect anything. It's the bigger picture that concerns me most. So as long as I'm consistently profitable come years end then everything inbetween is noise. You get used to it when you lose 4-5 out of every 10 trades you take
+1 Reply
IvanLabrie TOP Akil_Stokes
2 years ago
I agree, I took on 3 small losses since Monday, but made two big winners who made me forget about them. (5% loss 3 times, vs 32% and 41% gain)
+1 Reply
Akil_Stokes TOP IvanLabrie
2 years ago
hopefully I can do the same. Took a few big ones on GBPUSD and GBPJPY but seeing if I can make them back on EURJPY (which hit 1st targets) and the AUSUD. Ending the day at breakeven would be an accomplishment for today seeing how things started.
+1 Reply
IvanLabrie TOP Akil_Stokes
2 years ago
I like to scale in after a break even stop...super aggresive, but works for me. :) (also the 5% risk...might be a tad high)
I'm sure you can end up with a profitable week anyway.
Reply
TJtrader Akil_Stokes
2 years ago
You've got the attitude of a pro Man!
+2 Reply
Sam0101
2 years ago
hi akil what do u think usdjpy?
Reply
Akil_Stokes TOP Sam0101
2 years ago
We had a potential reversal zone this morning which was hit, but never got a reason for entry. i'm not going to chase it, I'll just wait for the next chance
Reply
Sam0101 Akil_Stokes
2 years ago
Thanks akil
Reply
Sam0101 Sam0101
2 years ago
It was a bad trading for me which 119 should hold the support.
Reply
Akil_Stokes TOP Sam0101
2 years ago
did you execute your plan the way you were suppose to? If so then it wasn't a bad trade. The market simply didn't go in your direction today. It happens.
+2 Reply
Sam0101 Akil_Stokes
2 years ago
i was supposed to but the thing is ..... sadly, it has confuse up my plan of trading on this pair USDJPY
Reply
Akil_Stokes TOP Sam0101
2 years ago
ahhh, that stinks, but it happens. Keep track of it and try not to let it happen again. "Kaizen"
Reply
Sam0101 Akil_Stokes
2 years ago
yeah sadly. Any sights on the current move of USDJPY?
Reply
Akil_Stokes TOP Sam0101
2 years ago
nope, I've got no type of setup
+2 Reply
I think the Yen pairs are in for a steep correction ahead of this weekend's elections in Japan. There's been quite a bit of bearish divergence developing on daily charts.
The H1 bear flag targets the divergence level near the 117.5 zone. Just my 2 bits.
USDJPY - 1 hour flag
+1 Reply
No_more_Post
2 years ago
Please let me know, how many hedge fund managers use this analysis?
Reply
justatrader PRO No_more_Post
2 years ago
If you thought hedge fund managers gave away their trading 'mojo' this trading world would be a lot different. Keyword here being 'mojo' harmonics for some, price action for some, indicators for some. Whatever works as long as you bring home the moolah.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out