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
Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos:
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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 cristian.d
Thank you
Nice nice. I do also have a short NZDUSD supporting your idea.
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Akil_Stokes PriceActionTrading
Thank you for the tips.. great call. I took a 75 pips profit!
+1 Reply
Very well done
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
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 Akil_Stokes
What matters is risk vs reward vs hit rate, right Akil?
Good one nevertheless.
+1 Reply
Akil_Stokes IvanLabrie
Yup, what matters is that you make more from what you win then what you give back when you lose
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