Akil_Stokes
Long

NZDUSD: (1st trade of 2016) Bullish Cypher Pattern

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
11 months ago
I didn't plan on doing any analysis today but one of my training course clients shot this over the chat and well...can't pass up on a valid Cypher pattern . Here's to 2016, let's see I can pick up right where I left off.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com

11 months ago
Trade active
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




Fahad_88
11 months ago
Good eye!
+2 Reply
Akil_Stokes TOP Fahad_88
11 months ago
Thanks, i can't take credit though, one of my clients brought it to my attention in our chat
+2 Reply
Fahad_88 Akil_Stokes
11 months ago
If u have the time, check out the bearish butterfly on the 4H EUR/GBP terminating @ daily resistance. Great place to look for a short.
+1 Reply
Akil_Stokes TOP Fahad_88
11 months ago
Thanks, I'm sure its a good opportunity but I don't trade that pair or pattern. Hopefully others will see your message and have the chance to get involved
Reply
moneymaking
11 months ago
Hey Akil, Happy New Year to you and to the entire TradeEmpowered members. Thank you for sharing as always and all the BEST :)
+2 Reply
Akil_Stokes TOP moneymaking
11 months ago
Thanks, cheers to a good 2016 of trading
+1 Reply
cash0032
11 months ago
What is your TP?
+1 Reply
Akil_Stokes TOP cash0032
11 months ago
38.2 and 61.8
+2 Reply
dhanes71
11 months ago
Are you already active on this one?
+2 Reply
Akil_Stokes TOP dhanes71
11 months ago
Yes I just got filled a few minutes ago
+1 Reply
dhanes71 Akil_Stokes
11 months ago
Thanks, Akil! I just want to know if we're on the same page :)
+1 Reply
Akil_Stokes TOP dhanes71
11 months ago
Cool, good luck
Reply
dhanes71 Akil_Stokes
11 months ago
Thank you, good luck to you too!
Reply
Akil_Stokes TOP dhanes71
11 months ago
Win, lose, or draw, if you followed your plan 100% then you write it down as a "GOOD" trade
Reply
Andy_Parrish
11 months ago
Looks nice, can't take this one though as the pair isn't in my portfolio yet. On with the back testing......!
+2 Reply
Akil_Stokes TOP Andy_Parrish
11 months ago
Well done in showing discipline
+1 Reply
Hi, Akil. Nice trade. Happy New Year)
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
11 months ago
Happy new year to you as well
Reply
drmrboki46
11 months ago
Your TP is Fibonacci Retracement 38.2 and 61.8 of AD?
Reply
drmrboki46 drmrboki46
11 months ago
BTW, great idea! Happy New Year! :)
Reply
Akil_Stokes TOP drmrboki46
11 months ago
Yup, happy new year
Reply
drmrboki46 Akil_Stokes
11 months ago
Thank you!
+1 Reply
Akil_Stokes TOP drmrboki46
11 months ago
You're welcome
Reply
Don_Corleone PRO
11 months ago
Wish us a very successful year Akil
+1 Reply
Akil_Stokes TOP Don_Corleone
11 months ago
Thanks same to you!
Reply
i am already in it 1 hour ago .. i feel good when i see your post :) hop it goes well
+1 Reply
Akil_Stokes TOP faisalhasnoon
11 months ago
Awesome good luck man!
Reply
Stink
11 months ago
Evening Akil, I'm happy you posted this as it was also one I spotted potentially forming late last night. Gives my confidence a boost when I see a trader like yourself showing the same analysis that I had. Slowly but surely I'm getting better. Have a great 2016
+1 Reply
Akil_Stokes TOP Stink
11 months ago
Thanks Stink, that reminds me of exactly how i was when i was just getting started in my journey. Confidence means everything in this game!
Reply
johnmad PRO
11 months ago
Looking at that Re-Test with a possible Cypher testing the 4 hr Cypher
+1 Reply
Akil_Stokes TOP johnmad
11 months ago
Nice one John. Happy new Years as well
Reply
johnmad PRO
11 months ago
snapshot
+1 Reply
FXROB
11 months ago
Thats very nice setup But could you look at this and tell me what you think about it. Thanks.
NZDUSD Short
+1 Reply
Akil_Stokes TOP FXROB
11 months ago
The potential Gartley looks good, with the recent move into bullish rotation I'm not sold on a move lower, but the setup does have a great risk to reward ratio on it making it a no brainer if you trade these consistently
Reply
FXROB Akil_Stokes
11 months ago
Thanks very much I try to improve and make it still thank you again
+1 Reply
Akil_Stokes TOP FXROB
11 months ago
No problem Rob, good things happen when you stick to your plan
Reply
mendrinvest
11 months ago
Hey Akil!

I had a question regarding targets...wanted your feedback.

If we are to use the .382 and .618 of the C-D Leg as targets (Say for instance in a Cypher Pattern), then what happens when the D legs expands before it decides to retrace to its .382? In other words, the D leg is dynamic, it is not set, therefore wouldn't the targets be dynamic as well? How do you handle this?
+3 Reply
RamdzanY mendrinvest
11 months ago
Once your order triggered, the target profit follows wherever the D leg extended until it hit your stops
+1 Reply
InsiderB RamdzanY
11 months ago
If D leg is dynamic and our target follows means, in that case our Risk : Reward ratio will get reduced,right ? I hope, Akil can provide a better answer.
+1 Reply
Akil_Stokes TOP InsiderB
11 months ago
Forexfordent is correct, when the D leg moves, it will have a direct affect on our initial risk/reward ratio
Reply
InsiderB Akil_Stokes
11 months ago
Thanks Akil ! I meant the same :)
Reply
Akil_Stokes TOP RamdzanY
11 months ago
Well said
Reply
Akil_Stokes TOP mendrinvest
11 months ago
Good question, the D leg is Dynamic as we can only predict it's completion point. Therefore targets must be adjusted if the D leg pushes beyond our initial projection
Reply
azza Akil_Stokes
11 months ago
Sorry for asking a stupid question... Im fairly new. If you are already filled, and the D leg extends, are you not already at loss? How can you then change your targets? Thanks.
+1 Reply
Akil_Stokes TOP azza
11 months ago
If you're new it's not a stupid question, it just shows your willingness to learn. Can't get a solution to your problem if you don't ask right? A win isn't a win until your targets are hit and a loss isn't a loss until your stop is hit. Although advanced patterns have specific points of entry, there still lie a zone in which we expected it to complete. For most patterns that zone is between the projected completion point and the start of the impulse leg.
+1 Reply
azza Akil_Stokes
11 months ago
Ok great, I see what you are saying. Thanks Akil
Reply
InsiderB
11 months ago
Have a Successful Trading Year Akil :)
+1 Reply
Akil_Stokes TOP InsiderB
11 months ago
Thanks, wishing you a very successful year as well
Reply
johnmad PRO
11 months ago
My Cypher did not work but i was Patient enough to wait for that re-test , now i am good to take that buy trade
snapshot
+1 Reply
Akil_Stokes TOP johnmad
11 months ago
patience pays off
Reply
dhanes71
11 months ago
Just wondering, what is your SL on this one ?
+1 Reply
dhanes71 dhanes71
11 months ago
I hit my stop loss -27 pips. It was a good trade though, I stick to my plan until the end
Reply
Akil_Stokes TOP dhanes71
11 months ago
stop losses for advanced patterns need to go beyond the "X" leg
+1 Reply
PooyaSalehipour
11 months ago
is that means your chart is failed? or anything else if you update your chart is my pleasure.
+1 Reply
Akil_Stokes TOP PooyaSalehipour
11 months ago
Hey Pooya, I usually don't update the charts here on tradingview after my initial post. Up to this point the pattern has yet to be invalidated. Do you know the rules for what makes a pattern invalid?
+1 Reply
PooyaSalehipour Akil_Stokes
11 months ago
thank you akil. i always follow you.
Reply
Akil_Stokes TOP PooyaSalehipour
11 months ago
Thanks, are you aware of what makes a pattern invalid?
Reply
UmrazAhmed Akil_Stokes
11 months ago
correction ?
Reply
Davis UmrazAhmed
11 months ago
when X is violated?
+1 Reply
Akil_Stokes TOP Davis
11 months ago
When price action passes it
Reply
AlexxChan
11 months ago
Do you still this would head back up??
+2 Reply
dhanes71 AlexxChan
11 months ago
I think it will drop to at least 0.6680 before it will head back up again
+1 Reply
Akil_Stokes TOP dhanes71
11 months ago
That's our next level of structure support, so yeah that's a good level to predict
Reply
johnmad PRO AlexxChan
11 months ago
That Cypher became a Shark Pattern at the 0.886 , i have my stop below the lowest structure which is about at the 0.6680 area , I am still positive about a Correction here at least to the o.382 fib retacement of the High .
Reply
Jeffrey_Sucipto AlexxChan
11 months ago
not anytime soon!
Reply
Akil_Stokes TOP AlexxChan
11 months ago
I have no clue on whether it will head back up, or shoot down and top me out. All i know was that the setup was valid and up to this point we have not invalidated the pattern
+1 Reply
RamdzanY
11 months ago
Hi Akil, the trade for this pair is doing exactly what has been anticipated before.

i have a question from structure based perspective here, do you agree the price is making a divergence with the RSI? is this called the hidden RSI divergence? Thank you in advanced.
+1 Reply
Akil_Stokes TOP RamdzanY
11 months ago
Awesome to hear that your prediction is playing out. There is regular divergence appearing on the chart but no hidden divergence. With that being said I don't what part you're looking at so we could be eyeing up 2 different places. Shoot a chart in that'd be easier
+1 Reply
RamdzanY Akil_Stokes
11 months ago
thanks akil, if the trade hit SL then its a busted 1st trade of the year. haha

here is the chart, i guess its is just a normal RSI divergence..i have difficulties to identify hidden divergence maybe because i do not know the correct definition of it.. Dont worry i am not trading live based on structure right now. trying my best to pickup some knowledge about structure.
snapshot
+1 Reply
Akil_Stokes TOP RamdzanY
11 months ago
Yeah hidden divergence can get a little tricky, simply because we usually learn about regular divergence first so our eyes are trained to look for that kind
+1 Reply
JesperJorgensen
11 months ago
snapshot


Hey Akil!
Thank you so much for all your youtube videos (and thanks to Jason) I think i have seen them all twice now :)

Now i feel reddy to start backtesting patterns. And build my own strategy. (like you have been told me.... 1000 times :) )

Then i started with this pattern you showed us yesterday. But it wont fit my rules for an Cypher pattern.
The problem is the extension of A to B leg. The cypher patteren rules that i have found, says it may not extend more than 1.272% And this pattern hits the 1.672% extension. And then its not vallid?
Or do you simply use some other rules for Cypher?

+1 Reply
JesperJorgensen JesperJorgensen
11 months ago
Edit: I mean A to B shall extend to 1.272% and not over 1.414%
Reply
faisalhasnoon PRO JesperJorgensen
11 months ago
not close over the 1414 this is the right information
+1 Reply
Akil_Stokes TOP faisalhasnoon
11 months ago
correct
Reply
Akil_Stokes TOP JesperJorgensen
11 months ago
Hey Jesper, i'm not sure what rules you've come across but the Cypher pattern was a pattern that one of our traders discovered in house. So if you don't want any doubt in your rules it's best to learn how to trade it from us.
Reply
Akil_Stokes TOP JesperJorgensen
11 months ago
That's the problem with the internet A LOT of GREAT information, but also A LOT of FALSE information
Reply
JayVee PRO
11 months ago
this cypher is actually withing a bigger cypher just below it, which one to play hmmmm
+1 Reply
Akil_Stokes TOP JayVee
11 months ago
That's a question that only you and your trading plan can answer
Reply
bekkerm
11 months ago
Don't personally trade 4hr neither NZDUSD but did see it appearing with Constellation very nicely. Great tool!
+1 Reply
Akil_Stokes TOP bekkerm
11 months ago
Well done, constellation is a great help for cutting down our analysis time
Reply
Mathias-HarmonicTrader-Sweden PRO Akil_Stokes
11 months ago
Hey Akil, I think we have another cypher setting up on NZDUSD 1h TF

snapshot
+1 Reply
Akil_Stokes TOP Mathias-HarmonicTrader-Sweden
11 months ago
Nice find Mberg!
Reply
Mathias-HarmonicTrader-Sweden PRO Akil_Stokes
11 months ago
Thanks, glad to help out :)
+1 Reply
Mathias-HarmonicTrader-Sweden PRO Akil_Stokes
11 months ago
Pattern failes, the Chinese market continues to plumb :( Share holder are still moving their capital. Probably another stockmarket shutdown later today.
snapshot
+2 Reply
Akil_Stokes TOP Mathias-HarmonicTrader-Sweden
11 months ago
Got to love the field we're in. Everyday is a new adventure. I like to tell people that it's somewhere between exciting and stressful all depending on the day and what side you were on
+1 Reply
moneymaking Akil_Stokes
11 months ago
I believe this is a really good time to make some money, with good amounts of volatility for these past two days. The sell off seen in Chinese market definitely raising more uncertainty for the bigger picture of 2016. Good for intra-day, day and swing traders. Let's fish out some good amounts of pips. All the BEST :)
+1 Reply
Akil_Stokes TOP moneymaking
11 months ago
Best of luck in taking advantage of it
+1 Reply
moneymaking Akil_Stokes
11 months ago
Thanks you, Same to you mate :)
+1 Reply
noels
11 months ago
I THINK..
Head  n Shoulder feat Bearish 5-0
+1 Reply
Akil_Stokes TOP noels
11 months ago
Thanks for sharing!
Reply
G_Cruzer_
10 months ago
I think you can see that same pattern in the daily perspective, might work out that way! I posted it a day ago let me know what you think Akil! keep up the youtube videos! I've been watching them as well as Jasons! You guys are awesome!
+1 Reply
Akil_Stokes TOP G_Cruzer_
10 months ago
Thanks for being a supporter!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out