One of the trades looked at in this morning's Live Trading Room session. Long USDCAD at 1.3019's on a retest of previous structure support. Used an aggressive entry, but this opportunity as an excellent risk to reward on it. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade...
Just checked in on the Kiwi this morning & price action has made it's way back to retest the double top. I'm now currently short looking for a move lower. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Just shot a video breaking this one down to our Syndicate members. What we're looking at is a potential 2618/Structure short opportunity on the NZDUSD. IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our...
Talk about a great week of trading. (without jinxing) it we've been able to erase all of our summer drawdown & achieve new equity highs for the trading year (assuming we don't do anything dumb today). With that being said I'm certainly taking a cautious approach to the markets & and ensuring that I don't get sucked into any type of overconfidence type of trades....
Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily...
Bullish Advanced Gartley Completion on Silver at 19.706 Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Potential Bearish Advanced Bat Formation setting up on the GER30 Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
A bullish Cypher is finishing on EURUSD 1H, RSI diving into oversold territory provides an argument for a LONG entry. T1 @ 382 of CD leg, SL below X. Previous structure suggests possible better entry at around the 886 retracement. Solid price action leads to pattern completion. Took the CD leg on structure and candle signal, waiting for price to hit entry level
A bullish Cypher pattern coming to a finish on NZDUSD 4H. Took the CD leg with target @ 786 retracement. Previous structure suggests a better entry near the 886, however rules are rules and are used for specific reasons. T1 @ 382 of CD leg, secondary target @ 618 nearing previous structure resistance (inside). Overall uptrend on this pair plays for a favorable...
Bullish Cypher coming to a finish CD leg on an overall uptrend on USDCAD 1H. I´m favoring T1 @ previous structure high considering the trend, stops below X, RSI entering oversold territory.
As the AUDJPY works it's way up towards previous structure highs, it's also created the potential for a Bearish Advanced Bat Formation as well as a potential double top (With the RSI overbought/showing bearish divergence) Looking left on the Daily timeframe it's also at a previous level of structure adding more for those looking to build a case for entry. Akil...
A Cypher potentially coming to a finish on NZDJPY 1H currently on a pullback of the CD leg. Fib extensions and previous structure suggest perhaps a trip to the .886 retracement but entry is @ .786. T1 @ .382 of CD leg moving up stops once it is reached. Risk Reward is not fabulous but it´s in an upward overall trend.
Potential Bullish Bat Formation on the $EURUSD Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
A Cypher finishing on NZDUSD 4H. Previous structure high 30 pips above .786 entry spot could prove for a better entry and reversal. T1 on .382 (B Retracement is previous resistance, could prove a good support test before continuing to T2) and T2 on .681 CD leg. RSI divergence on overbought with price action losing strength to the upside.
We had a another break in structure past a major daily support zone, which is now acting as resistance and a 61.8 retacement. Let me know your thoughts.
Sorry for the late update I got caught up in England v. Wales, our PPT Event & then a 5 mile run. But as earlier today (after just missing a nice short opportunity grr!) one of my Live Trading Room members pointed out a potential bullish Advanced Bat Formation on the 4 Hour Chart that completed at the exact level that I'd been eyeing up all week. This provided...
The Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation. (If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's...
An odd looking Gartley but a Gartley nonetheless is finishing on EURUSD 4H chart. A Bounce on the .786 XA leg would also begin the CD leg of yet a larger Bearish Gartley. Structure lows provide good argument for LONG entry along with an RSI entering oversold levels. C point coincides with .382 retracement of AD leg and is also previous structure high giving a good...