Akil_Stokes
Long

USDJPY: Potential Bullish Advanced Cypher Formation

FX:USDJPY   U.S. Dollar/Japanese Yen
Happy 1st official NFL             weekend to you traders! During halftiem of the Cowboys v. Giants game I decided to perform a quick round of analysis to see if anything needed to be watched prior to my trading week and I actually found a handful of pairs that interest me.

One of which is the USDJPY             where we have a potential bullish Advanced Cypher formation in the works, looking at a "D" completion at the 101.75 area. Also if you look left...and even lefter, you'll notice the previous levels of structure that we're coming in to.

For those who have a weekend left I hope you enjoy the rest of it and hopefully my Cowboys can pull off a win tonight, and my Toffes can earn 3 points and climb to second on the table tomorrow.

Akil
Trade active
Trade closed: target reached
Trade closed: target reached: Secondary targets smashed. All Flat. Good trade gang!
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Thx for sharing!
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No problem!
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I think ive heard look left this weekend about 100 times. As i have just spent the weekend watching your youtube vids by jason!

Thanks !
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Akil_Stokes PRO BloomDavies
If you're anything like me then you'll be dreaming about it too very soon
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TomPower BloomDavies
Bloom, to be honest I'm tired of structure leaves Clues as well . like hey you've got a real secret here.
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BloomDavies TomPower
Ha we could almost make a sound board with all the lines he drills into your head!
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Go Cowboys! And go cyphers! Lol...best of luck trading this week!
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Thanks, hopefully trading this week goes better than the Cowboys finish. (No Dumb Mistakes)
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thanks for sharing your thoughts i noticed that as well and hopely we are right

Best luck trading!
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Akil_Stokes PRO pvfernandes20
Thank you, and best wishes right back at you as well
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Just seeing this thanks for posting
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No problem!
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I think there is a valid bat pattern on the 15 min, D leg @ 102.10, is this something you would look at taking before the cypher?
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Kareem Kareem
I meant a Gartley.
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If it's a valid pattern and during my day trading hours then yes
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USD/JPY Bearish Gartley? just a chart. Trade at your own risk
what about this sir? Is this not a valid pattern?
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Akil_Stokes PRO gadzmustbecrazy
It's not for me. Could be if the cypher fills but currently no
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gadzmustbecrazy Akil_Stokes
ty sir :)
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Thank you for sharing Akil
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Akil_Stokes PRO ChandanaHerath
You're welcome Chandana
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come on you Dolphins
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Man I thought you guys were going to pull that off
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Ian.Watts Akil_Stokes
i missed the result Akil
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Seattle won, which was good for me
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Ian.Watts Akil_Stokes
I will give you that one as a present for your contribution for teaching me the tricks of the trade
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I appreciate it Ian!
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Thanks for the chart. Works like charm.
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You're welcome
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snapshot


Trade on.. Hope for a nice week ...
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YoussefRazak YoussefRazak
snapshot
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Akil_Stokes PRO YoussefRazak
Thanks for the share
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Akil_Stokes PRO YoussefRazak
Nice! Good luck
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Thanks Akil!
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Akil_Stokes PRO victor.marquez
No problem Victor
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Hello Akil, Thanks for Sharing. I want to clarify something with you. I have the constellation software that provides me with the Pattern as they occur but the Cypher that I can see on the USDJPY pair is different from the one you just published. My X point is at around 101.193 and my D completion is at 101.59. Is the difference because of the way you drew yours or is what?

Thanks for clarifying.

cheers
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hey Gozie! Yes constellation looks to have chosen a lower "X" leg than the one that I identified
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Gozie Akil_Stokes
Thanks Akil, I thought as much, I see that Constellation is conservative in its approach and I like that as the X point is exactly at the lower bound on my 240 DSR point (yes I bought DSR too), Tradeempowered has made my trading learning curve a smooth one. Hopefully my next purchase, I will get a Discount when I want to join the syndicate programe.

cheers
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Thanks Gozie, I don't think there's going to be an discounts on the Syndicate. being under %50 a month is as low as we can go aside from the 50% discount for those who sign up for a year. Now that you're filled let's see if we can rally again
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Gozie Akil_Stokes
My Target 1 reached @ 38.2Fibs, fingers crossed for target 2 @ 61.8Fibs
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Well done! We're not too far away from seconds targets so i'm right with you hoping we see a bump to 102.40
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Talk about a great start to the week! 4 for 4...however we no the losses are coming
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Gozie Akil_Stokes
Yeah, I know. Had a one last week. In all, my investment on constellation and DSR is a perfect one.just so glad I bumped into Tradeempowered.com by chance..
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Thanks for the love!!
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Gozie Akil_Stokes
My second target just got hit with 88 pips in the bag. (up Advance pattern trade :))
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Well done, that's the reward for executing and sticking with a "good" trade. Now to find the next!
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Gozie Akil_Stokes
just got filled at 101.600
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Sir what expext SL?
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Akil_Stokes PRO SiamSamuhatananon
On advanced pattern formations stops need to go beyond the "X" leg
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Sry what expected TP?
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Akil_Stokes PRO SiamSamuhatananon
38.2 & 61.8 fibonacci retracement
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Hey akil, good spotting, but this one didnt play well, at least in short term. lets see what it does today, should sky rocket today :)
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Akil_Stokes PRO Wallstreet_CCCC
Thanks, it actually worked out well for be achieving first targets overnight. Hopefully you're able to get a continued move in your direction today
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Wallstreet_CCCC Akil_Stokes
Yeah that was good, but its so annoying that it takes time to pull off :D but okay haha. I'm a leveraged trader, so I have to position myself in pretty good. And yeah akil, that was good :) went out at 102.30 and doubling my stake. Cheers :)
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Akil_Stokes PRO Wallstreet_CCCC
Well done!!
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Well that went way down , I found it hard to enter wasn't finding bottom . how to you find to bottom , higher highs I suppose
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With advanced pattern formations I enter aggressively that the "D" completion
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Just entered usdchf. Short on a head and shoulder . looking like its following complex pattern down , and comments .
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That's not a pair I trade so i'm not familiar with what's happening on that chart sorry. In general, if what's on the charts meets what your trading plan tells you that you need to see. Then I'd call in a good trade
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Any**
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Kewl .
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T1 FILD! BIG UP!
Stop loss go to break-even

Thanks to the set-up
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Well done!
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Akil_Stokes PRO imdbesttrader
Thanks for sharing your idea!
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Perfect!!
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Akil_Stokes PRO Loizosantonas1
Thank you
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nice! the pattern did materialize! However, it went beyond 88.6% as well. Can we also treat this as a bullish shark pattern? When do we say if it's going to be a cypher or a shark pattern?
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Akil_Stokes PRO gadzmustbecrazy
The 88.6% has nothing to do with the Cypher Formation, but referring to your shark question, I'm not too familiar with that pattern formation so you may want to ask that question to a different trader. Sorry, it just wouldn't be right to give any advice on something I don't know.
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Bearish divergence RSI on 4H
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Wallstreet_CCCC Wallstreet_CCCC
Oh sorry, wrong here haha, I meant USDCAD :)
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left, lefter, the leftest! :)
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I like, i like! "look leftest structure leaves clues"
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