Akil_Stokes
Short

NZDUSD: 2618-Breaking Down the Killzone (with video)

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Hey traders the NZDUSD             has offered us an excellent 2618 opportunity and I wanted to take a minute to show you guys how I use the Fibonacci tools to break down a potential reversal zone and really dial in on where i want to place the trade at. Here's a link to a short video i did this morning on this pair. http://tradeempowered.com/trading-recapon-my-radar-kiwi-2618/

Akil Stokes
Chief Currency Analyst
www.tradeempowered.com
Akil@Tradeempowered.com
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
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"Plan Your Trade, Trade Your Plan"




RamdzanFX
2 years ago
nice setup..but the dollar seems very weak now..NU might got further up what do you think?
+1 Reply
Akil_Stokes TOP RamdzanFX
2 years ago
Yes it's possible that it could go up further, it's also possible that it could go down further. We never no until after it happens. My only job in these markets is to trade what I see and make sure I follow my trading plan.
Reply
RamdzanFX Akil_Stokes
2 years ago
yeah thats the most difficult part. btw i noticed the setup yesterday after i watch the vids in the syndicate. cool stuffs! i'm still trying to get my emotions checked everytime the market move.
+1 Reply
Akil_Stokes TOP RamdzanFX
2 years ago
It really takes believing it what type of trader you are. Are you fundamentally based or technically based. Whichever one the trader chooses they need to be 100% dedicated to that style and not let outside factors worry them. "the dollar seems very weak" that is until it falls off a cliff. Then it "seems very strong" but we've already missed the move. All we can do is have a tried and tested plan that gives us a positive expectancy and a consistent edge over the markets. We know that losers will come, and they'll come a lot. but our job isn't to "pick" winning traders it's to take "Good" trades and that's all. Curbing those emotions are difficult but as long as you're working at it and getting the right support you'll get there my friend!
+4 Reply
moneymaking
2 years ago
Hey akil, just one question. In the video of 2618 strategy, where Jason explained exactly how to trade this strategy, he said that we need to have a "V" between the double tops. We didn't got that here. What should we do in that situation?
Reply
Akil_Stokes TOP moneymaking
2 years ago
check the 4hour chart
+2 Reply
moneymaking Akil_Stokes
2 years ago
Ya, that's much better. Thank you and Good Luck :)
Reply
moneymaking
2 years ago
Hey akil, since the market is beyond the 61.8% level, how can we enter at a better price to reduce the risk even further?
+1 Reply
Akil_Stokes TOP moneymaking
2 years ago
Just use one of your allowable entry techniques
+1 Reply
moneymaking Akil_Stokes
2 years ago
Alright, I mostly use candlestick formations to get a good entry. Great Thank you :)
+1 Reply
Akil_Stokes TOP moneymaking
2 years ago
Yeah there are a handful of ways and techniques, I tell my clients that a lot of it depends on the situation and their personality
Reply
andypjones
2 years ago
Great advice Akil
+1 Reply
Akil_Stokes TOP andypjones
2 years ago
Thank you!
Reply
Constantino
2 years ago
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<p><a href="https://www.tradingview.com/chart/NZDUSD/0FIdC9Jx-Bearish-Butterfly-Pattern-looking-at-0-77930/">Bearish Butterfly Pattern looking at 0.77930</a> by <a href="https://www.tradingview.com/u/constantino.delaconcepcion/">constantino.delaconcepcion</a> on <a href="https://www.tradingview.com/">TradingView.com</a></p>
<!-- TradingView Chart END -->
Reply
Constantino
2 years ago
Hi Akil have a look at this let me know what you think
snapshot
Reply
Akil_Stokes TOP Constantino
2 years ago
I think if it meets your rules of engagement go for it!
Reply
Akil_Stokes TOP Constantino
2 years ago
Nothing valid through my eyes though
Reply
danndc
2 years ago
hi mate, what is a 2618 setup? did you mean 1618 maybe?

thanks
Reply
Akil_Stokes TOP danndc
2 years ago
The 2618 is the name for this type of trading technique. If you head over to http://tradeempowered.com/learn-to-trade/ there is a free training video on it towards the bottom of the page
Reply
ANGELOBLAITZ
2 years ago
Please the audio is bad. can't hear anything on the video
Reply
Akil_Stokes TOP ANGELOBLAITZ
2 years ago
I'm sorry but it must be something on your end as I have not received any other messages about the audio
Reply
orionmachine
2 years ago
Hey Akil, this setup does not seem to have structure to the left as in the training video, can you comment on that please?
Reply
Akil_Stokes TOP orionmachine
2 years ago
Hey Orion, there was indeed structure looking left, including the double top as well
Reply
orionmachine Akil_Stokes
2 years ago
Sorry Akil I just now got to see your reply. Are you talking about the high on 3/24 @ .7695? If that is what you mean I see it, I just was under the impression that valid structure needed to be at the same price level that the double top was formed. Is that correct or no? Thanks for your time I appreciate it very much
Reply
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