Akil_Stokes

USDCAD: Gartley, Gartley. Gartley & Canada News

FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago
Hey traders, take a look at the USDCAD             and you'll see that we have 3 Advanced Gartley Formations showing up on the chart. I'm already long the higher time frame pattern formation in yellow. but for those who are not, be sure to keep an eye on the potential bearish & bullish setups that may complete today.

NOTE Today at 10:30am We have Crude Oil             Inventories being released along with a Bank of Canada Press Conference at 11:15am & Governor Poloz speaking at 4:15pm

Good luck in the markets today traders! Trust your plan and trade it!
4 months ago
Trade closed: target reached: Targets hit on the Big Gartley formation. Just stinks that we had to roll targets so much
4 months ago
Comment: A smaller bearish Cypher just formed on this pair as well
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IvanLabrie PRO
4 months ago
Good one for a pullback into the news. I'm afraid we might have to switch back to the short after EIA data though.
Cheers.
+1 Reply
Akil_Stokes TOP IvanLabrie
4 months ago
We shall see. Trade the plan
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Niverto
4 months ago
snapshot


Got the pull back before the news for a TCT trade
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Slicex2
4 months ago
Nice
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DKrastev
4 months ago
Akil, where was your stop for this trade so that you were not stopped out?
+1 Reply
NunoNascimento DKrastev
4 months ago
I was thinking the same
+1 Reply
Akil_Stokes TOP NunoNascimento
4 months ago
If you zoom out to the 4hour chart you'll see a level of support slightly beyond the "X" leg
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Akil_Stokes TOP DKrastev
4 months ago
1.2980's Below the level of structure to the left of the "X" leg.
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NunoNascimento Akil_Stokes
4 months ago
Tks Akil good trade however such big SL makes the TP1 an invested rr? Sorry i didn't measure. Anyway a profitable trade. Good!
+1 Reply
NunoNascimento NunoNascimento
4 months ago
I mean " inverted rr"
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Akil_Stokes TOP NunoNascimento
4 months ago
Only if you don't adjust your entry
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Alex_BPTrader Akil_Stokes
4 months ago
Akil, when do you go for not conventional stop methods ATR/1.13 - like in this bigger Gartley?
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
I don't, if they don't fit into those guidelines I can't involve myself in the trade
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Alex_BPTrader Akil_Stokes
4 months ago
Is your ATR based of the entry or the X leg - 1-2 ATR below X or 1-2 below entry level?
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
The "X" leg. we always want to have stops beyond "X" since that is the level that "should" hold if the advanced pattern formation is going to work out.
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Alex_BPTrader Akil_Stokes
4 months ago
Now I get it, so no matter that you get inverse r/r if it is still in the 2 ATR limits below X the trade is good to go.
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
No, aside from the Cypher formation, I won't trade unless I have an initial 1 to 1 risk to reward ratio.
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Alex_BPTrader Akil_Stokes
4 months ago
So you didn't enter long?
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
Yes, i was long the pattern formation on the 4 hour chart. Hit profits late yesterday
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Alex_BPTrader Akil_Stokes
4 months ago
I'm a bit confused you said you won't enter in an inverse r/r but on that Gartley according to my chart you were in a inverse r/r - where I get thing wrong?
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
Sorry, it's always a little more difficult to explain these things through back and fourth text, but yes I had a one ton one initial risk reward on the trade
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Akil_Stokes TOP Alex_BPTrader
4 months ago
The yellow pattern formation if you're looking at the chart above
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Alex_BPTrader Akil_Stokes
4 months ago
May be we have different quotes from brokers - according to mine it is not 1/1 ... once again great analysis ;) I took the same gartley but on 1.13 and price took my sl though.
+1 Reply
Akil_Stokes TOP Alex_BPTrader
4 months ago
Could be, either that or we just didn't have entries and stops at the same position
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Alex_BPTrader Akil_Stokes
4 months ago
Yeah, may be that - if you entered not right at 1.272 rather more towards X you will get positive r/r.
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PHL Akil_Stokes
4 months ago
I guess putting stops there is a proof of your experience and professionalism! Although quite logical in hindsight since the lowest lows/highest highs usually get tested. Anyway nice reminder to look left when placing stops before using conventional stops :)
+1 Reply
Akil_Stokes TOP PHL
4 months ago
Trust me, it cost me a lot of money learning those lessons. But if you continue to review your trades (winners and losers) you'll continue to grow and evolve as a trader
+1 Reply
ummuhijrah
4 months ago
today area resistance usdcad 1.31800 - 1.32600..time to short intraday..
+1 Reply
Akil_Stokes TOP ummuhijrah
4 months ago
Nice, best of luck and thanks for the share
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Akil_Stokes TOP diofragma
4 months ago
No, after reading your comment, I think I'll just call it quits. I'll also return the profits from usdcad since it was so bad
+1 Reply
diofragma Akil_Stokes
4 months ago
Huh profits??? Where?
+3 Reply
Akil_Stokes TOP diofragma
4 months ago
Please make sure you read through before simply, telling traders how bad they are.
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diofragma Akil_Stokes
4 months ago
You know better than that ;) .. So you're trying to say you had your stop loss below 1.3006??????? Tell me why please
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Akil_Stokes TOP diofragma
4 months ago
Because 1.30 is what we call an even handled number or a psychological level. These levels act like structure (not to mention the support looking left) So it's only wise to get beyond those levels.
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Akil_Stokes TOP diofragma
4 months ago
Umm...okay
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diofragma Akil_Stokes
4 months ago
Random patterns like these will never be profitable
+3 Reply
Akil_Stokes TOP diofragma
4 months ago
Yeah you're right, I'll never be able to profit trading this stuff. I should just stop and bounce to another system. Any advice?
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diofragma Akil_Stokes
4 months ago
Best advice for you will be to stop posting ideas like these and start becoming a REAL profitable trader who trades for his monthly income! You're definitely not profitable at the moment which is kinda sad with so many people watching..
+3 Reply
Akil_Stokes TOP diofragma
4 months ago
It's amazing that you know exactly how profitable or unprofitable I am. Before making any assumptions I would recommend you speaking to the traders that I trade with each day and maybe getting there opinions first since they actually witness my trading instead of just trolling through tradingview shares
+1 Reply
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Akil_Stokes TOP diofragma
4 months ago
Sure, what's your contact info?
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Akil_Stokes TOP diofragma
4 months ago
Also is it okay if i share it with all other Advanced Pattern Traders since we're all apparently doomed and will go broke any day now?
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billy diofragma
4 months ago
if you dont like the way Akil trades why are you here ?
+1 Reply
Akil_Stokes TOP billy
4 months ago
I think we all know the answer to that question. For the most part however tradingview does a great job of encouraging a positive community
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billy diofragma
4 months ago
Mr diofragmom
+1 Reply
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