Akil_Stokes
Long

USDJPY 1 Hour: Potential Bullish Bat Formation

FX:USDJPY   U.S. Dollar/Japanese Yen
9 months ago
Since last week's trading was pretty rough I'm ooking forward to the opportunities that present themselves this week. For you NBA fans out there this has got to be how the Golden State Warriors feel tonight after suffering the biggest upset in NBA history to the Lakers yesterday.

Her eon the USDJPY             is a potential bullish Bat Formation completing at 112.42. i'm closing down the charts for the night in order to spend time with the wife and kid so we'll see when i wake, what actually happens with this potential setup.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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8 months ago
Trade active
8 months ago
Trade closed: target reached
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altcoins_trading
9 months ago
what's ur sl and tg for this trade?
+2 Reply
Akil_Stokes TOP altcoins_trading
9 months ago
Beyond X and at 38.2 & 81.8 Fib retracements of AD
Reply
altcoins_trading Akil_Stokes
8 months ago
thanks, appreciate your help, keep it up
+1 Reply
Akil_Stokes TOP altcoins_trading
8 months ago
No problem
Reply
Jimdandy
9 months ago
Have a good evening with the kiddos Akil... I am also watching this one and really like the way that the B_C 1.618 extension lines up so nicely with the .886 of the bat.. We'll see how it goes.. PipPip.
+1 Reply
Akil_Stokes TOP Jimdandy
9 months ago
Thanks Jim
Reply
HamzaTibari
9 months ago
On my Radar!! Thank you akil
+1 Reply
Akil_Stokes TOP HamzaTibari
9 months ago
Awesome man!
Reply
CROforce
9 months ago
Watching this one since last week Thursday :-)
+1 Reply
Akil_Stokes TOP CROforce
9 months ago
Sweet
Reply
muazzz123
9 months ago
Thank you akil
+1 Reply
Akil_Stokes TOP muazzz123
9 months ago
No problem
Reply
karmelicka PRO
8 months ago
Isn't this a Gartley pattern with B at 60.7% of XA?
+1 Reply
Akil_Stokes TOP karmelicka
8 months ago
No it's not
Reply
karmelicka PRO Akil_Stokes
8 months ago
I thought bat has a B at 38.2-50% of XA and Gartley has a B at 61.8. Based on that we estimate where the D will be (78.6% in Gartley or 88.6% in Bat). But I'm new to harmonic patterns.
+1 Reply
Akil_Stokes TOP karmelicka
8 months ago
Different traders have different rules for how they trade these pattern formations. Some are very strict and others are loose. I personally require a 61.8 hit for a Gartley Formation which is why it's not one for me. With that being said my advice is to test it they way that you're being taught and if the results are to your liking, trade it that way consistently and don't let other influence your decision making.
+1 Reply
Hi Akil, I have the same set up. What are your retracement parameters for the C leg?
+1 Reply
Akil_Stokes TOP Mandeep.Singh
8 months ago
Min of 38.2
Reply
Jazzbird
8 months ago
What's your target? Thanks a lot ))
+1 Reply
Akil_Stokes TOP Jazzbird
8 months ago
38.2 & 61.8 of AD
Reply
Jazzbird Akil_Stokes
8 months ago
Thanks ))
Reply
Jazzbird Akil_Stokes
8 months ago
113.25, 113.50, 113.75 Fit ))))
Reply
Also in that trade. Been waiting a while for that one :)
+1 Reply
Akil_Stokes TOP journeyofarookie2.0
8 months ago
Nice, best of luck!
Reply
RobertMurray
8 months ago
You were actually perfectly right! Wow! Shame I didn't see this sooner...
+1 Reply
Akil_Stokes TOP RobertMurray
8 months ago
We haven't moved too far away from entries at all, so there's still a chance that price action will retest the original entry
Reply
roadtogo
8 months ago
whoa!thats amazing! what ur TP and SL now?
+1 Reply
Akil_Stokes TOP roadtogo
8 months ago
Thanks, there are the sae as they were nothing has caused me to adjust yetm
Reply
HamzaTibari
8 months ago
Hey Akil, about the match, it wasn't upset of history, the GSW already break the chicago bulls record .. it's just my opinion HAHAHAH, but The lakers had a good match.
Reply
Alexander_Nikitin
8 months ago
Nice one. But I am looking for bearish opportunities on this pair)
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
8 months ago
Nice!
Reply
Hy Akil, according to your analyis where do you put the stop loss ?
+1 Reply
Akil_Stokes TOP corinaflorentina85
8 months ago
For pattern formations we want to have our stops beyond the "X" leg
Reply
Kareemuae
8 months ago
Perfect trade setup with ideal risk / reward
Reply
olly_price
8 months ago
Nice spot, I caught the same one.
USDJPY bullish Gartley
+1 Reply
Akil_Stokes TOP olly_price
8 months ago
Nicely done
+1 Reply
CROforce
8 months ago
Is this one closed? EURJPY has reached both targets but not USDJPY unless I am looking at something else :-)
+1 Reply
Akil_Stokes TOP CROforce
8 months ago
For some traders it maybe for others it may not be. It all depends on where and how many targets they're taking
Reply
CROforce Akil_Stokes
8 months ago
Ok... Thanks for reply... I am still waiting for Target one @ 113.200 and Target 2 would be risk free @113.685
Reply
for the first target you get to it right ? do you take multiple targets
+1 Reply
Akil_Stokes TOP faisalhasnoon
8 months ago
Yes, aside from what we track in the Syndicate, I do use multiple targets in my trading
Reply
faisalhasnoon PRO Akil_Stokes
8 months ago
thanks a lot akil today i am trying the live room for a week :)
Reply
Noir
8 months ago
Nice trade, thank you Akil.
+1 Reply
Akil_Stokes TOP Noir
8 months ago
you're welcome
Reply
HumphreyNR
8 months ago
Thanks Akil... It's been a pip-tastic trade!
+1 Reply
Akil_Stokes TOP HumphreyNR
8 months ago
You're welcome and congrats on the trade
Reply
Hiisham
8 months ago
clean order :)
Reply
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