Akil_Stokes

last week i posted some of my analysis on GOLD and made a mistake by saying that we had a potential bullish bat formation. After reading a few comments from some former clients I realized that we didn't actually meet my "B" leg requirements for the pattern. With that being said, this is still a decent trading opportunity based off of the level of potential ...

I'm not a Crypto trader, but I had some free time this morning and decided to poke around a Bitcoin chart. One of the cool things I love about technical analysis is that it doesn't matter the market or the timeframe, the chart is the chart and price action is price action. I stumbled across this opportunity that looks pretty interesting. After creating a classic ...

As we continue to consolidate on the $EURUSD, we now have another potential pattern formation setting up in the way of a Bearish Cypher. Akil "May the Fantasy Football God Have My Back This Week!"

Had a very nice conversation about this pair with one of my clients last night and wanted to share this morning now that not much has changed overnight. There are 2 setups on this chart one was a double bottom which can now potentially turn into a 2618 opportunity at MINOR structure & the second is a potential AB=CB pattern with fibonacci confluence that can ...

Just took a look at this with our live room members, but we have a potential bullish bat formation lining up with an ab=cd pattern coming right into a killzone that we had drawn out from the higher timeframe. I'm not expecting a continuation trade out of this one due to where price is located, but i would expect to see some sort of reaction at that level. ...

This weekend we looked at potential selling opportunity on the USDJPY (see the video or check out the linked chart below.) After opening at my killzone I was never given a reason for entry. We then pushed higher, to a previous minor level of support offering what I thought would be an even better chance to get short. Once again, price violated that level without ...

As predicted last week we saw a bearish breakout on the USDJPY. After hitting a previous level of inside structure support we started to see a retracement, followed by a bullish pennant pattern to close out our trading week. It'll be interesting to see what the JPY looks like at the open with all that's going on in the southern part of the US but assuming we see ...

The EURJPY has been in consolidation over the past few months and is currently trading at a level resting between previous structure lows & previous structure highs. Because we are not in a confirmed trend, I have no reason to set myself for a buying or selling opportunity at this level. The levels that I do have on my radar are the highs and lows of our structure ...

We ended the month of August with an interesting trading idea on the GBPJPY. On one hand I was predicting a longer-term bullish move after reaching previous structure lows. However, on the other hand, we had an advanced pattern formation that was calling for a short-term short. This left a few of the traders that I work with confused and made for a great session ...

The USDCAD has certainly been one of the better pairs to trade this year due to the fact that it's been very trendy ever since the BOC stated that the rate cuts have done there job. After testing previous structure lows in late July, the pair has given us a small retracement before finally making a substantial break & close below to end last week. Looking left, ...

For those looking for long opportunities on the EURUSD, price just put in a very nice retracement into our previous level of structure. If I weren't already long, I'd certainly be eying up this opportunity as it may offer a very good bullish entry. Akil

If I haven't shamelessly promoted it enough already, last week was a great week of trading and it was good to see our EURUSD position from August 17th not only achieve 1st targets, but breach an important level of resistance as well. I'm assuming you've seen the video on how we got involved so let's get straight to the next opportunity at hand which is waiting ...

The 3rd pair looked at in today's video featured a bearish trend trading opportunity. After a beautiful higher time frame 2618 completion the NZDJPY has been in a free for all since trading right below 84's. After the recent extension it has now created a rising channel back into previous structure. The technical killzone to start looking for shorting ...

I say it all of the time. Consolidation breeds pattern formations and the USDJPY has been a perfect example of that as price makes it's way towards the "D" point of a potential Bearish bat formation. This will be the 3rd consecutive pattern formation on this pair and if it happens to fair as well as the first two i'll be a very happy camper. I didn't expect too ...

I'm much more excited about writing this post now, as we've just reached our secondary targets on the previous bullish cypher formation. Now it's time to quickly put that profitable trade behind us & begin focusing on the next opportunity which is a potential bullish bat formation. There's also an AB=CD pattern around that level as well. Consolidation breeds ...

I felt that the GBPJPY was a perfect pair to discuss in this weekends video due to the fact that I was able to demonstrate multiple forms of technical analysis & show how they can be used together in order to find a high probability trading opportunity. Recently this pair has been...wait for it...dropping like it's hot (so lame) due to a more dovish than ...

We've recently had a break and close below a previous level of structure support here on the AUDUSD. We're now retesting our previous level of structure which will have me looking for shorting opportunities once i hit the lower time frames today. If we do get a reason for reversal I would look for a retest of our previous lows followed by an extension to our ...

The GBPJPY has created a falling wedge pattern that is making it's way back down into a level of previous structure support. This will be an interesting decision point for the market to see how it reacts at the 1.44 psychological level. Akil