Akil_Stokes
Short

NZDUSD: New Structure Low, Outside Return, New Structure Low?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (https://www.youtube.com/watch?v=gZ3gG3HbMjk) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube.

Today I've got bearish cypher patterns on both EURJPY             and EURAUD             on my radar, but felt like sharing a structure based trade with you this Friday to mix things up. Similar to the AUDUSD             (but not the same), the Kiwi has just broken and closed below a level of structure, with a much more significant level resting below. I like to say that structure acts like a magnet so I'm predicting that the market will be pulled towards that lower level. Therefore I'll be looking for reasons to short the Kiwi this morning in the Live Room as the market creates a pullback.

Obviously there;s no way to tell now if I'll actually get involved in the trade or not, but my eyes will be glued to this one on the lower timeframes. Wishing all of you a great weekend and do me a favor, if you liked the video above, make sure you subscribe to my channel. I'd like to inspire as many traders as possible so tell your trading buddies to check it out!

Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
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"




Ice400 PRO
a year ago
Have a great weekend Akil. Great insights and learnings again this week. Thank you
+1 Reply
Akil_Stokes TOP Ice400
a year ago
Thank you
Reply
ElizaBay PRO
a year ago
Hi, do you place your stop above the pull back you predicted? OR you wait for the protential pull back to finish then short?
+1 Reply
Akil_Stokes TOP ElizaBay
a year ago
I'll wait to see the pullback form then depending on where it reaches (and the entry approach I take) choose where stops go. It's hard to explain in writing, but the safest place is above the previous pullbacks highs, but if say a double top forms, that can also we used as structure in itself
Reply
fx1
a year ago
Anyone know the reason of the spike as it has occurred in many pairs
+1 Reply
Akil_Stokes TOP fx1
a year ago
The employment wages data this morning for the dollar. linked to inflation and linked to rate hikes
Reply
dr.gsbharaj
a year ago
akil i want to know how you enter a harmonic pattern trade? what is your signal to get in and out?
+1 Reply
Akil_Stokes TOP dr.gsbharaj
a year ago
I enter at the D completion and I use stop loss and limit orders for targets. So after the trade is filled, I get out when either of those are hit
Reply
milehk Akil_Stokes
a year ago
Where was the point D
Reply
Akil_Stokes TOP milehk
a year ago
There was no pattern on this particular chart
Reply
dr.gsbharaj Akil_Stokes
a year ago
and one more thing. if i see a pattern on h1, is it also reliable on h4?
+1 Reply
Akil_Stokes TOP dr.gsbharaj
a year ago
sure assuming the pattern is clear on that timeframe as well.
Reply
dr.gsbharaj Akil_Stokes
a year ago
how to know whether a pattern is tradable or not.. we cant hop on each and every pattern. so, how to manage?
+1 Reply
Akil_Stokes TOP dr.gsbharaj
a year ago
If you have a specific pattern that you're supposed to be trading you should be looking to enter every one you see that's in your trading portfolio and on the timeframes that you're supposed to be trading them on.
Reply
dr.gsbharaj Akil_Stokes
a year ago
thank you akil for all the guidance
+1 Reply
Akil_Stokes TOP dr.gsbharaj
a year ago
No problem, glad I can help
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