Akil_Stokes
Short

USDCHF Bear Bat Follow Up

FX:USDCHF   U.S. Dollar/Swiss Franc
Following up on an idea that I posted last week. The USDCHF             is now at a point where traders who are aggressive with their risk management can look to roll and trails tops with structure (on the 4hr TF)

One of the most important lessons that I've learned over the years from my personal trading and from my time as a money manger, is that how you manage a trade once you're in it, is almost as important as finding the right entry.

The key to success is CONSERVATION OF CAPITAL. We are going to be wrong in this industry and wrong alot. The key is to learn to tell when we are wrong and cut our losses before they get us in trouble.
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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WRCapital
2 years ago
Akil, great structure set-up here and wise words within the comments... As long as our R:R is suffice and probability of trade is in our favours.
Look forward to networking and analysing with you, #Harmonics #Trendtrader #Fibonacciratios #Swingtrader
+1 Reply
HappyKing
2 years ago
great, Your work gaves me some kind of clearness,
thanks for sharing
+1 Reply
Akil_Stokes TOP HappyKing
2 years ago
Thanks, that's great to hear.
Reply
Sam0101
2 years ago
hi akil, is this still valid?
+1 Reply
Akil_Stokes TOP Sam0101
2 years ago
Yes it's still valid, just put in a double top. I'd be concerned with the retracement back into previous structure just from a price action perspective, the the actually pattern is still valid, with even a chance to use a smaller stop loss
Reply
pavan15589
2 years ago
Hello Akil....
I asked Jason the same question, but he may have missed it.... I guess asking you is same as asking him....
I heard that he does not use currency co-relation and believe to take each pair individually.
What I would like to ask is if you there are two patterns each with a 'long' signal are filled on two different pairs in which probably one pair has USD at 'quote' and in another USD at 'base'....Would you take the trades...? Since both the pair become inversely related....
Reply
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