Akil_Stokes

USDCAD: Potential Bullish Gartley & Bearish Bat Formations

FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago
Talk about a great week of trading. (without jinxing) it we've been able to erase all of our summer drawdown & achieve new equity highs for the trading year (assuming we don't do anything dumb today).

With that being said I'm certainly taking a cautious approach to the markets & and ensuring that I don't get sucked into any type of overconfidence type of trades. (Think when Klay Thompson got hot against OKC & just started shooting from anywhere).

What we have on the charts above are 2 potential advanced pattern formations. A potential bullish Gartley & a potential bearish bat.

Also have you ever heard of the saying "You Can't Go Broke Taking Profits" Well if I released a video yesterday explaining why I think this statement is false. Along with some technical analysis on a USDJPY             trade that made up for the though loser that I posted here last week. Also a look at our Syndicate equity curve. Please check it out as it may give a little more insight on my trading process & philosophy.

https://www.youtube.com/watch?v=PMqpkcwsXdM

HAVE A GREAT WEEKEND!!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
Trade Empowered on YouTube https://goo.gl/IscNch

4 months ago
Comment: Keep an eye out for 8:30 as we have both USD & CAD GDP Releases
4 months ago
Trade active
4 months ago
Trade closed: stop reached: ...and there goes the undefeated week :-( Whelp, we new the losses would come, certainly expecting a few more to even out the win %
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"




Elvis.Deonarine
4 months ago
great work tkx for the heads up
nice to hear you did so well this week keep it up
+1 Reply
Akil_Stokes TOP Elvis.Deonarine
4 months ago
Thanks Elvis, yeah after a rough start to the month, we were able to put string together an excellent past 3 weeks of trading
Reply
Abozahra PRO
4 months ago
well done man!

Thanks for all the youtube videos you do!
You are a legend!!
+1 Reply
Akil_Stokes TOP Abozahra
4 months ago
Thank you, good to see that you've found them beneficial
Reply
YoussefRazak
4 months ago
Thank you akil. Nyc to hear your doing well, I had a horrible start to the week Loosing 3 trades but just from yesterday made up the losses and some profit with two short trades on the GBP/CHF & AUD/JPY. One of them was inspired by what you and Jason teach for free on YouTube. So in part my success is due to you. Thanks alot brother for giving back to those who are starting out. Heres the trade i took
AUD/JPY structure trade
+1 Reply
Akil_Stokes TOP YoussefRazak
4 months ago
Thanks, you have no idea how happy I am to read that comment. Well done, and continue to grow the trust in yourself!!
+1 Reply
Dguaman
4 months ago
Bullish gartley here we go ...
+1 Reply
Alex_BPTrader
4 months ago
Akil, there is Bullish Cypher as well
USDCAD - Bullish Cypher
+1 Reply
fxfxfx Alex_BPTrader
4 months ago
I am in with a similar setup Alex @1.308
+1 Reply
Alex_BPTrader fxfxfx
4 months ago
:)
Reply
fxfxfx Alex_BPTrader
4 months ago
SL hit, end of the adventure with this pair. Enjoy your weekend
Reply
Akil_Stokes TOP fxfxfx
4 months ago
Nice one!
Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
Nice!
Reply
AndiThirteenthOne
4 months ago
Realy hard times in the market!! i made a bad trade on the Eur/usd today... need some meditation... but keep it up profit Trades will come :)
+1 Reply
Akil_Stokes TOP AndiThirteenthOne
4 months ago
Keep at it. trust your plan and more importantly trust yourself!
+1 Reply
YoussefRazak
4 months ago
But akil why did you enter the trade ? That drop was definitely caused by the GDP news and the move had strong bearish sentiment behind it. I am not saying i know more than you but just saying i would definitely not take a bullish signal right after an important and significant news release that stated the contrary. I might be wrong in my reasoning but that is what i would expect. Any comment ?
+1 Reply
Akil_Stokes TOP YoussefRazak
4 months ago
Hey Youssef, I'm a technical traders, so all of my trading decisions are based off of what they charts tell me and not based off of the news releases.
Reply
YoussefRazak Akil_Stokes
4 months ago
Yes me too. But you can never go against fundamentals.
+1 Reply
Akil_Stokes TOP YoussefRazak
4 months ago
Sure you can. Remember a poor number doesn't always equal a negative reaction and a good number doesn't always equal a positive reaction. There's much more to it than that
Reply
YoussefRazak Akil_Stokes
4 months ago
Yes on that you are right, but the chances increase dramatically. i really do not understand why the charts will move against strong fundamental biases just because of a "Pattern" while ignoring real world factors, taking in to account technical setups work because everyone is going for the same outcome (a self fulfilling prophecy). As i understand it the charts only show what the market has done based on the past set of circumstances, i this case those circumstances changed (Bearish news) which highly reduces the probability of the technical setup working out because there is REAL WORLD reason to go short. Just saying that i believe fundamental sentiment is what drives the market technicals help us understand HOW it might move.
P.s: Forgive my hard Hardheadedness i like to bounce my ideas of people i believe can contribute to my learning.
Thanks and sorry for the long comments ;)
+1 Reply
Akil_Stokes TOP YoussefRazak
4 months ago
There will always be the debate of which is more important Fundamentals or technicals. All that matters is that a trader finds a way to consistently trade the market in order to extract profit. In the big scheme of things they both work together. It's all psychology. People react to news based on underlying sentiment or current fears/greeds and the price chart is nothing more than a visual representation of the markets participants. Consistency is key
+2 Reply
YoussefRazak Akil_Stokes
4 months ago
Agreed. :)
Reply
MattSzwyd
4 months ago
Nice looking trade setups; would love to see them play out in an environment free of volatile adjustments post-GDP.
+1 Reply
Akil_Stokes TOP MattSzwyd
4 months ago
I agree, however, I can't complain because we had an inverse of this pattern formation the the GBPUSD that won. So if I'm going to accept those profits (from a news reaction) then I've got to accept the losses as well.
+1 Reply
SmartTradingFX
4 months ago
I only trade the one pattern on this pair... You know me and this pair have history coach haha
+1 Reply
Akil_Stokes TOP SmartTradingFX
4 months ago
Yup USDCAD=Stay Away right
+1 Reply
thecrackking Akil_Stokes
4 months ago
In case your interested in buying the USDCAD, please check my chart :)

USDCAD BUY
Reply
TomPower thecrackking
4 months ago
I'm seeing a symmetrical triangles in my sleep come on guys
Reply
SmartTradingFX Akil_Stokes
4 months ago
You know it Sir
Reply
suttos
4 months ago
Sorry Akil, but i'm sure you lost a CAD/JPY trade earlier in the week too but hey, still a great week. I wish i could string a few like that together.
+1 Reply
Akil_Stokes TOP suttos
4 months ago
I don't trade CAD/JPY so you must me mistaken. Was that a trade that Charles took in Warroom perhaps? I think he trades that pair
Reply
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