Akil_Stokes
Short

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

FX:GBPUSD   British Pound/U.S. Dollar
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
http://www.TradeEmpowered.com
Trade closed: target reached: 1st Targets Hit
Trade Empowered "Empowering Traders Worldwide"

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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.
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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
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Actually please disregard my previous comment, I forgot for a second that I'm not to respond stuff like this. My apologies.
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Thats the best and clearest chart I have seen you post!. Candles tell the whole story.
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true, but it doesnt necessarily mean he is not crazy ;)

well played @Akil
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Thanks
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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 ?
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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.
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haniforex Akil_Stokes
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
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Akil plz show the Target....! :(
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