Akil_Stokes

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We have a lot going on here with the NZDJPY but I'll try to stick to only the key points as not to put you asleep. We have a breakout of a previous level of structure resistance with price currently retracing back towards to a smaller level of consolidation within the bigger consolidation. What I like about that level is not only the consolidative action that...

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The opportunity here on the DXY is similiar to the one I shared earlier on the USDJPY where the violation of the highs coming at the end of the week put us in a position where we have confirmation of the bullish trend & are expecting a continuation higher. What's different about this opportunity is that to end the week we've put in an inside bar which represents...

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AUDUSD was one of my favorite pairs to watch last week as we had 2 of my favorite patterns (Head & Shoulders & Descending Triangle) completing at the same location. Since then we've gotten our breakout & now the market is offering another opportunity to get involved. After the initial pullback into the breakout point/neckline, price put in another new structure...

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We've been calling for continued longs here on the USDJPY pretty much all summer (since June) given the confluences on both the technical & fundamental side of things. Our recent pullback trade is working pretty nicely & since we just put in a new structure high (confirming the bullish trend) this week, I wanted to revisit the trade as it setups up for fresh...

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We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate. My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher. Now the question is IF we're likely to continue...

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Something on the radar for us today was a potential bullish breakout on the US Dollar Index. We have a while to go, but currently the Tuesday daily candle is forming an inside bar (a bar that trades completely within the range of the previous days bar). Inside bars are a sign of consolidation & consolidation/contraction typically lead to expansion (imagine...

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We've been tracking the DXY for a while now as it's rallied up into 2017 highs only to hold a structure followed by a break below, close below. This price action pattern allows me to make a bearish prediction with my personal tactic of entry being to wait for a pullback into previous structure resistance. Our pullback has occurred & is currently looking to once...

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Her eon the US Dollar Index I'm looking at the formation of a potential ascending triangle pattern. This is my favorite breakout pattern (with the high/low & tight flag comin in second) to trade because of the nature of how it forms & the opportunities that it often offers to get in aggressively with low risk. The nature of the pattern consists of price putting...

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Last week we looked at this same pair & I was waiting for a double top to form as price broke into a previous level of structure resistance from the daily/weekly timeframe (Brexit Zone). Well we never got our double top (which brings up another valuable lesson about why we have RULES for patterns & the importance of following them), but the general prediction...

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The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe. The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow). If you have any questions, comments, or...

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The high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there. When it comes to...

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Had this on my watchlist this morning but forgot to share, but here we have a completed bearish gartley on the S&P. Recently price has also put in a doji candles followed by a lower low, lower close candles which is a positive sign for bearish traders. Now it's important to remember that with these pattern formations we're not predicting full blown reversals in...

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Here on the EURAUD we have a potential bullish cypher pattern setting up. What makes this particular pattern interesting is the fact that it forms within a very nice bullish rejection zone from the daily chart. When it comes to advanced patterns, I don't need higher timeframe confirmation to tell if it's a valid signal or not, but if we happen to have some then it...

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In today's Live Stream we took a look at a CTS Structure trade on the USDJPY Daily/4 Hour Chart. CTS stands for "Combined Technical Score" & it's essentially a way to quantify the things that matter to you most on a chart so that you're consistent in your analysis & in the type of trades that you value/take. For more on the CTS check out the March 15th Live...

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Here on the USDJPY I'm looking at a potential bearish structure trade. In my analysis i'm using the CTS system which stands for Combined Technical Score which is essentially a way to quantify your analysis to grade your trading opportunities. In this specific opportunity we have price running it a major level of previous structure resistance, with confluence...

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Found this really late in today's live trading room session, but a beautiful bullish cypher pattern has completed on the NASDAQ. The initial spike low bounced right off of the "D" completion point but (as of typing this) price looks to be once again returning to the reversal zone. Akil

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My number 1 trading opportunity to keep an eye on for the week ahead comes on the NAS100 & it what we refer to as a "Fibonacci Inversion" setup. This type of setup is essentially looking for a complex pullback to occur & to take advantage of the pullback in order to involve ourselves in the next extension higher. The fibonacci inversion is a reverse extension...

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The number 2 Trade of my Radar for this upcoming week comes on the NZDJPY. We've just broken structure to the downside which allows me to make the prediction that we're likely to continue lower. This would offer multiple trading opportunities depending on what type of trader you are. 1) Would be a bearish continuation opportunity were you wait for a reason to...