Akil_Stokes
Short

GBPUSD: Bear Cypher Forming a Potential Bull Bat

FX:GBPUSD   British Pound/U.S. Dollar
2 months ago
After a pain free win on yesterday's bearish Cypher formation (you need those sometimes), price action is now making it's way back down to the Cypher lows, which if you bump out to a higher timeframe also represents the "B" leg of a potential bullish advanced bat formation.

Once my day trading day begins (at 8am NY) I'll be eyeing this level for potential long opportunities on the lower time frames (LTFs), but from a swing trading perspective the potential Bull Bat is the next trading idea on my radar.

Very busy day yesterday as we saw 4 advanced pattern formations fill. Fortunately 3 of them were able to achieve targets with the remaining trade on the EURJPY             coming very close. Either way what matters most is that they were all "Good Trades" and remember that's the goal if you want to see long term consistency with your trading.

Good luck out there today traders and let's make some good trades!

Akil
2 months ago
Trade active: Filled at 1.3104
2 months ago
Trade closed: stop reached: Not the way I wanted to end the week. Figured it was due, just stinks that this was a max loss type trade
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"




Werasuper
2 months ago
Very Nice! Tnanks, Master Akil! =)
+1 Reply
Akil_Stokes TOP Werasuper
2 months ago
You're welcome
Reply
MyFxLife
2 months ago
Hi Akil!

Thanks for sharing. But what about this idea? Do you think it could happen?

GBP/USD Bearish Bat Pattern
+1 Reply
Akil_Stokes TOP MyFxLife
2 months ago
You're welcome and yes That can certainly happen
Reply
ChandanaHerath
2 months ago
Appreciate.many thanks for sharing Akil.
+1 Reply
Akil_Stokes TOP ChandanaHerath
2 months ago
No problem. Thanks for the support
Reply
hoza_saad
2 months ago
hi Akil,
thanks for sharing,the bullish bat BC leg didn't hit 618 AC do you think it's still valid pattern?
thanks
+2 Reply
Akil_Stokes TOP hoza_saad
2 months ago
It's valid for me yes, but please refer to your rules in order to see if it's something that you can involve yourself in
+1 Reply
OmarSher
2 months ago
Do you think a sell is still valid at this point?
+1 Reply
Akil_Stokes TOP OmarSher
2 months ago
the bat formation that's on the chart is a bullish pattern formation
Reply
JoseNeto
2 months ago
Thanks for the share Akil, this one is on my watchlist as well..!!!
+1 Reply
Akil_Stokes TOP JoseNeto
2 months ago
Awesome!
Reply
bhayman
2 months ago
Equal Lows will get taken out below your point X...Stop losses are there
+1 Reply
Akil_Stokes TOP bhayman
2 months ago
Thanks for the comment
Reply
Live4beats
2 months ago
thanks!
+1 Reply
Akil_Stokes TOP Live4beats
2 months ago
you're welcome
Reply
purpurato59 PRO
2 months ago
I was going to publish about the bat, but you did already. It just got to the PRZ.
+1 Reply
Akil_Stokes TOP purpurato59
2 months ago
Feel free to publish. I'm sure there are many other who published this same idea as well
Reply
Lenard55
2 months ago
I'm live...first trade idea I have followed from you Akil, fingers crossed!
+1 Reply
Akil_Stokes TOP Lenard55
2 months ago
Hopefully this trade is something that meets the rule sof your trading plan and that you didn't just take it to follow me.
+1 Reply
judgecannon
2 months ago
What made you choose your entry level of 1.3104 instead of previous resistance levels around 1.30600 ?
Reply
judgecannon judgecannon
2 months ago
Apologies, I meant previous 'support' *brainfart*
+1 Reply
Akil_Stokes TOP judgecannon
2 months ago
No worries, i understood what you meant, and I do it all of the time
Reply
Akil_Stokes TOP judgecannon
2 months ago
For advanced pattern formations I enter at the "D" completion price point
Reply
NikitaBykovets
2 months ago
Hi Anil! I love your harmonic trades!! I would like to ask you a question. How must a potential harmonic pattern be traded? At example, can someone trade a D - E move ( Bearish ) ? If yes, how? Or it is not possibile and the only way to trade harmonic patterns is to long / short at the final point? Thanks ( I am learning harmonic patterns )
+1 Reply
Akil_Stokes TOP NikitaBykovets
2 months ago
It's "Akil"
Reply
Akil_Stokes TOP NikitaBykovets
2 months ago
Patterns in my opinion should be taken at the "D" completion point, correct
Reply
We_The_North
2 months ago
Awesome, Akil! Thanks for sharing. I Found this a couple days ago as well, it met my rules, so I'm glad it filled today... Just recently joined tradingview and excited to eventually share and see what's going on. Seems like a solid community here.
+1 Reply
Akil_Stokes TOP We_The_North
2 months ago
Nice, and like any public forum, there's plenty of good and bad. Take my advice, if you get a negative comment or somebody attacking you, the best thing you can do is respond politely
Reply
We_The_North Akil_Stokes
2 months ago
Will do. Thanks
Reply
JFXtrader
2 months ago
Another setup

snapshot
+4 Reply
Akil_Stokes TOP JFXtrader
2 months ago
Thanks for the share!
Reply
habibzafari14 JFXtrader
2 months ago
Nice idea.
Reply
sanmed02
2 months ago
Can you give us another your potential reversal price please?
+1 Reply
Akil_Stokes TOP sanmed02
2 months ago
Sure, I try to make a habit to post at least one idea a week here on tradingview, so assuming the markets provide us with opportunity I'm sure I'll have a share.
Reply
Abozahra PRO
2 months ago
Hard luck Akil! keep it up man! it's Friday! A new week and new great trades around the corner!

You are doing a great job!
+1 Reply
Akil_Stokes TOP Abozahra
2 months ago
Thanks, yeah not the way i wanted to end my Friday, but the good thing about Friday's is that it's the closest time between the end of a week and the start of the new one.
+1 Reply
Cpierrot
2 months ago
It's okay Akil...you are as good as your next trade! aaaaandd if you look left...there's a massive bull cypher (x leg @ 1.2865 with a d completion @ 1.29827 almost at market)...I ended the week at break even so I'm not to upset. Plan your trade, trade your plan. It's definitely been a journey for me in my rookie year. I am a more disciplined and patient trader thanks to you, Charles, and the TE team. Hoping to be a 12WT member and some future point. Back at it again next week!
+1 Reply
Akil_Stokes TOP Cpierrot
2 months ago
Thank you! I had a very similar week as you. Time to reload and find some more good trades this week. GREAT to hear that you're making progress in your trading. It can be a slow process sometimes but anything good in life is worth waiting for.
Reply
habibzafari14
2 months ago
I think based on wave analysis it should reverse very soon and jump up from around 1.29000. What do you think? When it will come back up or???
+1 Reply
Akil_Stokes TOP habibzafari14
2 months ago
I'm sorry but i'm not a wave trader so I'm unable to answer your question
Reply
Jimdandy
2 months ago
yea.. thank you mr. hammond....
+1 Reply
Akil_Stokes TOP Jimdandy
2 months ago
Mr. Hammond?
Reply
Jimdandy Akil_Stokes
2 months ago
Yea.. it was his gum flappin that made the Pound take a dive.. stupid news... http://www.forexfactory.com/news.php?do=news&id=607288
+1 Reply
Akil_Stokes TOP Jimdandy
2 months ago
Gotcha, thanks
Reply
Jimdandy Akil_Stokes
2 months ago
Actually what was stupid is that he never said what the headline said he said.. so it really WAS stupid news reporting...
+1 Reply
Akil_Stokes TOP Jimdandy
2 months ago
Shameful, thanks for the link too
Reply
pawit11
2 months ago
you are human after all even the best lose trades thanks for sharing Akil learning a lot from you
+1 Reply
Akil_Stokes TOP pawit11
2 months ago
Thanks, and you're correct, the best lose and lose a lot. If I were to let losses bother me, I'd be out this game a long time ago. Looking back in time i'm just upset that it took me so long to realize how unimportant a high winning percentage is in the bigger scheme of things.
Reply
Good trading akil thanks for sharing
+1 Reply
Akil_Stokes TOP GrantShuttleworth
2 months ago
Thank you grant
Reply
Bull_Trader123
2 months ago
better luck next time, I see you trust your cyphers a lot
+1 Reply
Akil_Stokes TOP Bull_Trader123
2 months ago
Thanks, and yes, while not my favorite advanced pattern formation to trade, it's certainly been a pleasure to have them in the arsenal.
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