Akil_Stokes

GBPUSD: Bullish & Bearish Advanced Pattern Formations

FX:GBPUSD   British Pound/U.S. Dollar
Hey Traders! Here's a look at the chart I went over in this week's Forex market Preview video looking at 2 potential advanced pattern formations setting up on the GBPUSD             .

In RED is a potential bearish Advanced Bat Formations & in GREEN is a potential bullish Advanced Gartley Formation

Good luck in the markets this week & hopefully the new Pattern Assistant Tool will make trading a little easier for you.
Comment: Bullish Gartley is now invalid
Trade active: Filled short
Trade closed manually
Comment: Missed full targets by about 10 pips (sigh) just closed manually at market for a small profit as I take all potential risk off the table before the non farms payroll report
Thanks Akil...awesome stuff!
+1 Reply
@Shortmandu, You're welcome
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I also see an inverted Head and Shoulders with that exact target
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@TomPower, Nice, love seeing confluence
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good job keep going
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@MamFx, Thank you
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noted with thanks akil
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@puterae1, No problem!
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Thanks for your info , ive watched a lot of your videos on youtube , i so wish i could afford your training course would love to be able to trade for a living one day
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@kev1977, Thanks, just keep working hard towards that goal and one day it can become a reality
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kev1977 PRO Akil_Stokes
@Akil_Stokes, Thanks , i will doing well on demo , might start the new year with a live account :-)
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@kev1977, Just make sure you're 100% ready before you start using live money. trust me, there should be no rush to go live. Much better to continue to learn and practice while saving up your live capital
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kev1977 PRO Akil_Stokes
@Akil_Stokes, Thanks for the advice its much appreciated
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TomPower Akil_Stokes
@Akil_Stokes, by the time I go live, i'll be dead
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@TomPower, Would that still count as being live?
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Gartley has been violated Akil
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sorry did not see your last comment
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@Ian.Watts, No worries
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Thanks again akil, keep up the good work.
As an "offtopic" i lost 2 positions yesterday to an internet conection problem and didn't set my TP. At least the SL was already there so i only lost what was expected, but those 2 were winners :/
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@Koutta, Gosh, i'm sorry to hear that. That's got to stink, but at least you know that you executed "good trades"
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seems my 4 try (fighting the mkt)to short this baby is succeeding ...
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@TAJIR_B, Yeah it's certainly been a battle. It'll drive you crazy watching it
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TAJIR_B Akil_Stokes
@Akil_Stokes, yahhh too crazy but i recovered my loses . thanks for the idea :)
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@TAJIR_B, No problem and that's great to hear. I appreciate the support
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thanks sir great work i traded it yesterday on binaries on nadex i like your style of trading i use advanced pattern as a confirmation on my CTS system great work i have looked at alot of your youtube vids keep it up
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Akil_Stokes PRO Elvis.Deonarine
@Elvis.Deonarine, Thank you
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Hey Akil, do you close out all your trades befor non-farms or only the ones that are around break even?
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Akil_Stokes PRO MichalCervenak
@MichalCervenak, Yes I close out my trades before the non farms release
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yesterday i took profits at 23.6 on GBPUSD BAT, closed short on AUDUSD that was potentially heading to a Cypher D-leg completion and refused to pull the trigger on NZDUSD head and shoulders...all becasue of today's news..somehow breaking my rules feels better than gambling...
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@Andy009, Probably not a good idea to get in the habit of breaking your rules
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Great stuff Akil, as always. What time zone are you in? I'm in New York Time Zone (EST) but my bars look different than yours at the turning points.
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@Shortmandu, I'm New York time
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Shortmandu Akil_Stokes
@Akil_Stokes, Thanks Akil. I used Interactive Brokers. What would cause my Candles to look different than yours? For example, you may have an engulfing candle formation...where I do not.
(Same Forex pair...same Time Frame....same Time Zone....)
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@Shortmandu, If everything is the same I'm not sure. Data may be different from broker to broker, but even then it's only by minimal amounts. Normally i would say to check your closing times for the candle and make sure it's set to NY and not GMT or something else, but you already said you've done that
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Shortmandu Akil_Stokes
@Akil_Stokes, thanks Akil. It's a mystery. All seems to be in order, but the candles are slightly different. I will figure it out. If anyone else knows why this might be happening, please comment. I appreciate all you do for aspiring traders, Akil.
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