We don't talk about this too much in outside of the 12WT because many traders have a hard enough time wrapping their heads around regular divergence, but here's a crystal clear example of the "Hidden Divergence" that some of you have heard me mention before. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
A lot of potentials on the radar for tonight/tomorrow, one of which being a potential bullish Gartley pattern on the EURUSD. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as...
this was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's...
I typically do the bulk of my weekly analysis on Monday after the New York close, but because last week was spent focusing on the educational side of the business, I wanted to get an early start and get back in tune with the markets. Looking at a potential trend continuation trade here on the EURUSD. Obviously we have a good amount of time before (if) we get to...
Hey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading Also as a reminder tomorrow is also a big news day as we have the month...
Potential Bearish bat Pattern on the GBPJPY. It's a bigger trade so make sure that it meets you risk profile before firing off your orders. For those of you who have been with me for the past few months this will be a great example of what we've been talking about moving entries to match the risk. I had a great time in the Live Room yesterday. Thanks to everyone...
Happy Friday traders! Just wanted to share a few potential advanced patterns to keep an eye on heading into next trading week. I no longer have this pair in my portfolio, so I won't be able to participate but it's still one of my favorite pairs to do analysis on since it's been offering a massive amount of opportunities this trading year. Akil Stokes Chief...
This NZDUSD trade is something that I've been keeping tabs on for the past few weeks. In fact by this point I think my Live Trading Room & Sydnicate members are probably sick of me mentioning it. But during yesterday's FOMC events price action finally pushed down into the area that I was willing to buy at. Although i didn't get filled on the initial push (due to...
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is...
Here's a video of the breakdown we performed on the EURUSD in this morning's Live Trading Room www.youtube.com If you're interested in trading with me Live, check out our FREE 1 week trial. See you in the room! tradeempowered.com Akil Stokes Chief Currency Analyst www.TradeEmpowered.com
Looking at a potential Bullish Cypher Pattern here on the $USDJPY. Normally I would tell you that this particular pattern is coming in at a nice level of previous structure support, but with the Yen being trapped within this consolidation area since late August, I don’t think it makes much of a difference. If you didn’t get a chance to hear is yesterday check...
Wanted to share with you one of the trades I got involved in after yesterday’s ECB reaction. It’s a bullish bat pattern on the EURJPY which is now offering a slightly better entry. Just my opinion of course but I think the best place for stops is beneath the 1.3300 even handled psychological number. Yes it opens you up to a little more risk, but as we saw with...
Coming off a massive week in the Syndicate it’s somewhat refreshing to have only taken a single trade this week. Well two if you count the AUDUSD Bull bat that just filled a few hours ago (60min). Either way a slow week often means that there are a lot of potential patterns going through there setup legs and the EURUSD is a prime example. Three potential...
Finally filled short on the bearish bat pattern that we’ve been waiting for on the EURUSD. We’ve got a small rising wedge with bearish divergence on the RSI heading into that level which is a plus, but at the end of the day the pattern is the pattern is the pattern. We’ve been on a heater as of late, hopefully we can keep things rolling with the Euro. Akil...
Not a pair that’s in my trading portfolio but I have no doubt that this will be on Jason Stapleton’s radar during this morning Warroom meeting. This is a simple Trend Continuation Trade (TCT) setup on the CADJPY as we look to get long at our current level of structure support. WHAT I’M LOOKING AT Price action has just broken a resistance level and has retraced...
Last week i mentioned that I took a "Bad Trade" In this video I walk through my analysis of the pair and the reasons that the trade was not executed properly in hopes that you guys can learn from my mistake. www.youtube.com Akil Stokes Chief Currency Trader www.tradeEmpowered.com
As mentioned in this week’s video (link below), the Euro has been a great pair for me over the past month or so and has helped me greatly in finally breaking my September Curse. As price action breaks to the upside I’m preparing for my next short in the form of a potential bearish Bat Pattern. The patterns prior to the bat setup are all described in the video...