Akil_Stokes
Short

GBPUSD: Candlesticks Tell A Story...or I'm Just Crazy

FX:GBPUSD   British Pound/U.S. Dollar
a year ago
MY APOLOGIES AS IT LOOKS LIKE I ERASED THE DRAWINGS THAT I HAD ON THE CHART MY ACCIDENT

I went through the pairs in my trading portfolio this morning, along with a dozen or so more that are not and this was the only trading opportunity that I was able to find. This was an aggressive structure short based purely off on the candlestick formation with very aggressive stops and very conservative targets.

Whenever the markets are slow, we tend to have some good conversations in my Live Trading Room and yesterday we discussed the evolution of a trader from having a lack of discipline with very lose rules to being extremely disciplined with very strict rules to being extremely disciplined with very strict principles and looser rules. Hmm sounds like a good topic for tomorrow's video LET ME KNOW IF YOU'D BE INTERESTED BY LEAVING A COMMENT BELOW.

Syndicate members as mentioned on the Trade Floor I'll shoot you a video explaining this trade a little later in more detail but the point is the more reps you get in the market and the more experience you earn throughout your journey, the more you start to noticed the hidden clues that the market will leave you.



Akil Stokes
Chief Currency Analyst & Trading Coach
www.TradeEmpowered.com
a year ago
Trade closed: target reached: 1st Targets Hit
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




SyedMunib
a year ago
sir your target?
Reply
nemo.vr11
a year ago
interested
Reply
Everything regarding psychology and discipline would be a good topic.
The more I learn, the more I realize that it's not my knowledge that limits me.
I believe I have the Identify and Predict-part down, but the Decide and Execute is where I run into doubts and shortcuts. (Work in progress).
In my opinion, IPDE could be categorized in 2:
IP - Technical Analysis
DE - Psychology/Discipline

Kjetil
+1 Reply
Akil_Stokes TOP Kjetil_Johannesen
a year ago
That's when having a fully constructed trading plan comes in handy. No thinking needed after the I and P because your trading plan will tell you exactly what you need to enter the trade and how to go about it.
Reply
Kjetil_Johannesen PRO Akil_Stokes
a year ago
I know. Still takes discipline to follow it, though. I've drafted my plan, but still got some backtesting to do before I can finish it.
Advanced Patterns are good, though. The only thing you need to do is not to mess with stops or closing manually once they are filled. :)
+1 Reply
Akil_Stokes TOP Kjetil_Johannesen
a year ago
Exactly, unfortunately like you said discipline is a lot easier said than done. That's why it's so important to have support during the process until those habits are completely shifted.
Reply
Alexander_Nikitin TOP Akil_Stokes
a year ago
my trading plan dictates me all four: I, P, D and E. so i don't have any space to be subjective))
Reply
Yes, Akil. not very much today. I took this one)
trend continuation with cypher
+1 Reply
Interested!
+1 Reply
kopparam
a year ago
snapshot
Reply
snapshot
+1 Reply
marcus123
a year ago
Out of curiosity, where was the target and stoploss?
Reply
SyedMunib
a year ago
Akil plz show the Target....! :(
Reply
KarmaSenge PRO SyedMunib
a year ago
Why does he always have to show a target? He is not providing a signal service for you to follow. Stop asking.
+1 Reply
Congrats for reaching your target.
Was your decision to go short only based on the reversal candle, long bearish candle and RSI ?
Was there something else I missed ?
+1 Reply
Akil_Stokes TOP haniforex
a year ago
It was an area that i had my eye on for a while but never got the chance to short. So the level was on my radar, but it was this mornings price action that allowed me to get short. I'm not sure if you're in our Syndicate program, but I recorded the explanation from this mornings Live Room session and i'll be positing it within a few hours. If not maybe i'll include it in tomorrows youtube video depending on what direction i want to go with it.
Reply
haniforex PRO Akil_Stokes
a year ago
Thank you very much for your quick reply.
Unfortunately I am not on you Syndiate program but I am a subscriber to your Youtube channel
I would be very nice of you to show the explanation on Youtube
Good luck with your trading
Reply
Chuck.Aus
a year ago
Thats the best and clearest chart I have seen you post!. Candles tell the whole story.
+2 Reply
Grzegorz_Szafranski Chuck.Aus
a year ago
true, but it doesnt necessarily mean he is not crazy ;)

well played @Akil
+1 Reply
Akil_Stokes TOP Chuck.Aus
a year ago
Thanks
Reply
JeffKip PRO
a year ago
Short? Really? Honestly, how tiny was your supposed target? What was your R:R?
The Cable had a Bullish breakout yesterday with the release of FOMC Minutes.
+1 Reply
Akil_Stokes TOP JeffKip
a year ago
If you take the time to look in the description box you'll see that targets were achieved. Please take the time to do so next time before hitting that "send" button
Reply
Akil_Stokes TOP JeffKip
a year ago
Actually please disregard my previous comment, I forgot for a second that I'm not to respond stuff like this. My apologies.
+1 Reply
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