Akil_Stokes
Long

USDJPY 1 Hour: Potential Bullish Bat Formation

FX:USDJPY   U.S. Dollar/Japanese Yen
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
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active
Trade closed: target reached
what's ur sl and tg for this trade?
+2 Reply
Akil_Stokes PRO altcoins_trading
Beyond X and at 38.2 & 81.8 Fib retracements of AD
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altcoins_trading Akil_Stokes
thanks, appreciate your help, keep it up
+1 Reply
Akil_Stokes PRO altcoins_trading
No problem
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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
Thanks Jim
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On my Radar!! Thank you akil
+1 Reply
Akil_Stokes PRO HamzaTibari
Awesome man!
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Watching this one since last week Thursday :-)
+1 Reply
Sweet
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Thank you akil
+1 Reply
No problem
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Isn't this a Gartley pattern with B at 60.7% of XA?
+1 Reply
No it's not
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karmelicka PRO Akil_Stokes
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
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 PRO Mandeep.Singh
Min of 38.2
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What's your target? Thanks a lot ))
+1 Reply
38.2 & 61.8 of AD
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Jazzbird Akil_Stokes
Thanks ))
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Jazzbird Akil_Stokes
113.25, 113.50, 113.75 Fit ))))
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Also in that trade. Been waiting a while for that one :)
+1 Reply
Akil_Stokes PRO journeyofarookie2.0
Nice, best of luck!
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You were actually perfectly right! Wow! Shame I didn't see this sooner...
+1 Reply
Akil_Stokes PRO RobertMurray
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
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whoa!thats amazing! what ur TP and SL now?
+1 Reply
Thanks, there are the sae as they were nothing has caused me to adjust yetm
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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.
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Nice one. But I am looking for bearish opportunities on this pair)
+1 Reply
Akil_Stokes PRO Alexander_Nikitin
Nice!
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Hy Akil, according to your analyis where do you put the stop loss ?
+1 Reply
Akil_Stokes PRO corinaflorentina85
For pattern formations we want to have our stops beyond the "X" leg
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Perfect trade setup with ideal risk / reward
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Nice spot, I caught the same one.
USDJPY bullish Gartley
+1 Reply
Nicely done
+1 Reply
Is this one closed? EURJPY has reached both targets but not USDJPY unless I am looking at something else :-)
+1 Reply
For some traders it maybe for others it may not be. It all depends on where and how many targets they're taking
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CROforce Akil_Stokes
Ok... Thanks for reply... I am still waiting for Target one @ 113.200 and Target 2 would be risk free @113.685
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for the first target you get to it right ? do you take multiple targets
+1 Reply
Akil_Stokes PRO faisalhasnoon
Yes, aside from what we track in the Syndicate, I do use multiple targets in my trading
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thanks a lot akil today i am trying the live room for a week :)
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Nice trade, thank you Akil.
+1 Reply
you're welcome
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Thanks Akil... It's been a pip-tastic trade!
+1 Reply
You're welcome and congrats on the trade
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clean order :)
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