Akil_Stokes
Long

NZDUSD: Ask 2 ?'s "Where Should Price Go & How Can It Get There"

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD             for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our previous support level, but currently we put in a nice base, which was broken above and could provide as a good place to get long if the market were to retrace to that level. . Sort of like a 2618 type of move.

Whenever I make my predictions about the market I don’t just ask myself “where is price most likely to go?” I also asked myself “How is price most likely to get there?” These simple questions have often given me the opportunity to catch the move before the move.

Obviously a lot can happen, but I always like to start off my week with a plan of “what to look for” that way I’m dialed in. What now? Well now I sit back and see what the market has to do. Remember as traders it’s our job to react, not to tell the market what it “will” do.

If you get the chance check out my Interview on Brandon Clay’s Trading Story website talking about my trading story & setting up a plan of action for you trades http://tradingstory.com/podcast/35-akil-stokes-trades-fx-and-coaches-track/

Best of luck this week traders, and let me know what you think about the interview.

Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos:
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Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




Looks like it might rebound real hard from there Akil. Good one.
+1 Reply
Akil_Stokes TOP IvanLabrie
a year ago
We shall see what happens the ab=cd that occurred this morning is holding well, let's see if we get a pop
Reply
GcNaif MOD
a year ago
good call Akhil - Thanks for sharing, i m seeing a small potential bullish bat as well which is nicely fitting with ur analysis.
snapshot
+1 Reply
Akil_Stokes TOP GcNaif
a year ago
Thanks, looks like you've found your reason for entry
Reply
ArekJP
a year ago
Nice interview!
+1 Reply
Akil_Stokes TOP ArekJP
a year ago
Thank you, i really enjoy what he's doing over there. Great stuff for newer and even experienced trader to hear
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forexologist
a year ago
good one, I was browsing the charts looking for the perfect pair then saw your post I ran to the MT4 without reading your reasons waited for the .6554 and jumped in but im afraid because we are hitting the upper BB line in a strong bearish trend
+1 Reply
forexologist forexologist
a year ago
the BB of the 4 hours chart
+1 Reply
Akil_Stokes TOP forexologist
a year ago
No room for fear in this game, just follow the plan. If it says get out at the BB then get out, but if it doesn't you've got to bite down and tough it out until it hits your projected level.
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forexologist Akil_Stokes
a year ago
you are right , it scared me well by the retracement and got out at .6600
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tst
a year ago
simple trades work. feels good when the plan comes together, well played/traded and all the best.
+1 Reply
Akil_Stokes TOP tst
a year ago
I agree, why complicate things, just learn how the market moves and try to catch those moves as efficiently as possible
+1 Reply
Agreed with you on this one! Already taken 75 pips out of this baby and looking for more! Here's my reasons for having taken the trade.....and where I might want to get out!
UPDATE #1: Analysis: NZDUSD - TP1 On Bullish Crab Hit +75 Pips
Reply
awan0454
a year ago
Damn I always watch it later. I have 7 years of trading experience and believe me it's really hard to call with such accuracy. I am starting to fall in Love with you.
+1 Reply
Akil_Stokes TOP awan0454
a year ago
Thanks! Please know that historically I've only been about a 50/50 trader so there are just as many predictions that don't pan out.
+1 Reply
IvanLabrie PRO Akil_Stokes
a year ago
What matters is risk vs reward vs hit rate, right Akil?
Good one nevertheless.
+1 Reply
Akil_Stokes TOP IvanLabrie
a year ago
Yup, what matters is that you make more from what you win then what you give back when you lose
Reply
IvanLabrie PRO Akil_Stokes
a year ago
Yes, but people like to be right...If I'm right, cool, if not, not the end of the world.
Hope you have a good week! Gonna be a big one.
+1 Reply
Akil_Stokes TOP IvanLabrie
a year ago
True, pride often stands in the way of good judgement, which stands in the way of making money
+1 Reply
GcNaif MOD Akil_Stokes
a year ago
Seeing your ideas lately , I think u r a intelligent and pro trader. Wish you the best of luck. Keep it up man ,very few in this industry like you ,specially when it comes to Harmonics.
+3 Reply
IvanLabrie PRO GcNaif
a year ago
Wise words...I know I've had a tough fight against break even this year too.
Hopefully the tides turn!
+1 Reply
Akil_Stokes TOP GcNaif
a year ago
Thank you
Reply
discman24
a year ago
Thank you for the tips.. great call. I took a 75 pips profit!
+1 Reply
Akil_Stokes TOP discman24
a year ago
Very well done
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Nice nice. I do also have a short NZDUSD supporting your idea.
NZDUSD
+1 Reply
Akil_Stokes TOP PriceActionTrading
a year ago
Nice!!
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cristian.d
a year ago
You must see the future :) looking at this 22 days later and price actually followed your arrows .... down and up , wow, just wow. Too bad I don't do Forex but it's fascinating to watch
+1 Reply
Akil_Stokes TOP cristian.d
a year ago
Thank you
Reply
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