Akil_Stokes
Short

GBPUSD: Potential Bearish Cypher

FX:GBPUSD   British Pound/U.S. Dollar
Following up on yesterday's idea, IF this market continues to rally (which is what we're hoping for) we're looking at a potential bearish cypher completing at the 1.46 even handle.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Was looking at this one yesterday.

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Andy_Parrish Andy_Parrish
snapshot
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perl Andy_Parrish
need to have neaoharmonics of ninja trade
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Akil_Stokes PRO Andy_Parrish
Nice good eye!
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Would you recommend the SALE or BUY !
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Andy_Parrish JaouadMorgan
If I know Akil, I suspect he'd recommend doing what your trade plan and rules say. Obviously he can correct me if I'm wrong though!
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Akil_Stokes PRO Andy_Parrish
Correct you should always follow your plan as well.
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Akil_Stokes PRO JaouadMorgan
This is a bearish pattern
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What about a Long ;-)

IF the price hit 1,4260 THEN go Long
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Currently that's not a valid pattern bu how I trade, but IF we get the a push to the cypher THEN I'll have that as a potential gartley. I'm not sure if you're in our Syndicate program but if so check out last nights video where we talked about the different ways to approach it
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stratman Akil_Stokes
Unfortunately, I'm not in your Syndicate program... so I don't know what is valid Gartley for you and what is the last nights video content. In any case, thank you for this comment Akil !
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That's fine, for a valid gartley i require a deeper C retracement. I'll be keeping an eye on the same area as you so hopefully we'll get there and we can both ride it up
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G'day, Akil. If I'm not mistaken, C breaks below the 1.414 extension of the XA leg. Is that okay, as long as it doesn't close below it? (as far as how you trade Cyphers)
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correct
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I got a smaller Cypher on the 60 min. while waiting for the bigger bearish one if we get there.
snapshot
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ThomasJeff_DCM ThomasJeff_DCM
Now waiting for a possible Bat forming up during the night, or we get the full run to our D completion. Akil i really miss the weekly review videos on youtube, now you make them on Pariscope i know its live and you can interact with people, but there is no chart watching anymore in your videos, or outtakes of good conversation or other gems like it used to be, i miss that. Kind Regards
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Akil_Stokes PRO ThomasJeff_DCM
I still post weekend reviews, just didn't do one last week that's all
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Akil_Stokes PRO ThomasJeff_DCM
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
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Akil_Stokes PRO ThomasJeff_DCM
Nice, easy pickings this morning
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ThomasJeff_DCM Akil_Stokes
There is a lot of pickings, yesterday i had 6 trades on Advanced patterns on a 10 pair portfolio on H1 H4 timeframe. Also notised in my journal that this year almost every winning trades goes to T2. Where as last year i gave up and earned more only trading T1. So if it last the month out i think i will change the stragegy back. just the last 2 weeks i missed 150 pips on T2 profits. The ATR is getting larger.
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Akil, what are you doing in case after you entered in any advanced pattern trade on 15min or 60 min and you are not able to watch it how it is evolving because it is time to go to sleep or for any other reason? How can set your targets in case price action goes lower than your first D leg point, looking for TG1?How then correct that level in order to hit 0.382? I would really be glad to hear your reply about this matter because it is worring me for a long time.It is something that prevent me from trading patterns when I don't have any control over them.Thank you
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antonyde antonyde
In addition to that,how can trail stops to B/E if you go for TG2 ? thank u again
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The majority of the trades that I take are big enough where I would be able to adjust, but other options are setting up an ATM strategy on ninjatrader, or do it from a mobile device .
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If the D legs moves while I'm asleep or say away from my computer then my targets just stay at there initial positions until i have the opportunity to adjust them
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antonyde Akil_Stokes
Thank you Akil,at last I found the answer!
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You're welcome
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to learn and use neaoharmonics ihave to use ninjatrade
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Is this a question or are you trying to sell something?
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Great minds, had this on my radar for a few days
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nice!
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Nice one!

Quick question, this one turned 20 pips short. Is that considered as a completion, or does it have to hit the number?

Thanks Akil.
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Akil_Stokes PRO PetriKleynhans
No i would not consider it a completion
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PetriKleynhans Akil_Stokes
Thanks Akil.
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good looking pattern there
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