Akil_Stokes

04:18

Akil_Stokes Wizard

A few days ago we looked at a bullish breakout opportunity on Silver and it played out perfectly. After a lovely move to the upside, price has started to consolidate again providing us with a very similar setup. HOWEVER, just as in the case of the first, we need to be aware that once again the WHAT doesn't necessarily align with the WHERE stopping this from being...

03:07

Akil_Stokes Wizard

I don't look at Bitcoin often but when answering a question for another trader this weekend I stumbled across an interesting opportunity. Higher timeframe we've recently broken and closed above a previous high, allowing me to project that price is likely to continue higher. We've already started to retracement in the form of a complex pullback and if you look...

05:18

Akil_Stokes Wizard

Silver has been consolidating as of late and if there's one thing we no about contraction is that it eventually leads to expansion aka a breakout. The issue with this particular setup is that based on location of the pattern, there's no predetermined directional bias for the breakout. Therefor, what we're doing today is looking for small clues that the market...

06:50

Akil_Stokes Wizard

An handful of lessons in this video so hang on. 1) We take a look at the dangers that come with entering a trade too early & what you should do if you ever find yourself in that situation. 2) A discussion ion inside bars, what they are, how to trade them and an indicator that will help you spot them. 3) How to use that inside bar as an entry reason into a...

05:01

Akil_Stokes Wizard

A deceleration pattern is a pattern that forms at the end of a directional move as it starts to lose steam. 2 good ones to learn are the rising/falling wedge & channel. The problem wit these patterns however, is that it can sometimes be difficult to tell when that final reversal may come backing it hard to place stops. Lately, and by that I mean for the past...

06:57

Akil_Stokes Wizard

In my experience, learning how to read a price chart, specifically understanding the ebbs and flows of a trend, is the biggest hurdle that newer traders face. At least on the technical side of things. Something that helped me shorten that learning curve at the beginning of my trading career was the "Zig-Zag" indicator. Now, I didn't use it as part of a strategy...

03:09

Akil_Stokes Wizard

After a recent violation of a previous structure high, the AUS200 shown signs of relief with a pullback into the previous level of structure resistance which we would now look to act as present structure support. At this level price has also given us a 3-Bar Reversal which can be used as a reason for entry. Targets are protected at a previous level of...

06:09

Akil_Stokes Wizard

WHAT I'M LOOKING FOR Price action has broken out to the upside & is currently holding at a previous level of structure resistance here on the $AUDUSD. MY PREDICTION Based on the candlesticks that have been produced at this level I'm predicting a brief period of relief which opens up the opportunity for a bearish counter-trend structure trade. If we do reverse at...

05:02

Akil_Stokes Wizard

WHAT I'M LOOKING AT After ending the week with a lower low & a lower close below a recent level of structure support, I'm predicting a potential bearish trend continuation opportunity here on the $USDCAD. MY PREDICTION If this prediction is correct I would expect a move down to the $1.35 psychological level (or right around it) as we have a confluence from both...

08:27

Akil_Stokes Wizard

The trading opportunity here on the GBPNZD isn't a grade A trade in my opinion but the potential for MASSIVE targets may make up for that. THE GBPNZD has recently violated a key level of structure to the upside & with the recent retracement has offered a very nice bullish trend continuation opportunity. The only problem with this setup is that due to "sloppy"...

04:35

Akil_Stokes Wizard

EURUSD offers an excellent example of how a countertrend trader can take a trend continuation approach to involving themselves in a trade. After violating a previous high, the Euro has started to retrace. no despite already reaching our conservative prediction point, I do think that there is an opportunity for it to travel lower and that's what we're looking at...

03:52

Akil_Stokes Wizard

Gold has been on a tear for sometime now & well, you know what they say, all good things must come to an end. In saying end, we don't necessarily mean a forever end, but perhaps sometimes a break. After failing to make a new high, it seems like Gold has reached it's excess or exhaustion phase & is beginning to show signs of relief. If this relief were to...

03:31

Akil_Stokes Wizard

A technical walkthrough of a simple price action trading setup using structure. In this trade specifically we're looking for a bullish trend continuation trading opportunity that occurs after the violation of structure (and a head and shoulders pattern neckline) which also lines up with a current Ice Zone. If you have any questions or comments about the trading...

04:09

Akil_Stokes Wizard

Walking you through a potential bullish head and shoulders pattern on the GBPJPY sharing with you 2 ways to tell if it's valid & where I would expect price to rally too if the pattern were to work out. If you have any questions or comments about the setup (or anything else trading related) feel free to leave them below as i do go through and respond to each and...

03:29

Akil_Stokes Wizard

As traders we want to be predictive in our analysis and reactive in our execution. And there is no easier way to follow through with this concept then on a bracketed breakout trading opportunity. Oil has recently been on a short-term bullish run which has ended with price entering a period of consolidation. Consolidation leads to expansion so I do expect a future...

03:17

Akil_Stokes Wizard

Earlier in the month I shared a trading idea on the DXY looking at potential buying opportunities based on a Bullish Cypher & test of structure. There was some negative feedback from that original idea, simply because the trade didn't reverse "right away" - Today, I'm going to update you on this idea as well as share with you some thoughts on how instant...

03:34

Akil_Stokes Wizard

In today's video we're looking at a secondary opportunity to enter a double bottom. A double bottom is a classic price action pattern where tests & holds a level twice before reversing in the opposite direction calling for the end of the trend. In this opportunity, price has confirmed the double bottom by breaking and closing above the peak & now we're looking...

03:50

Akil_Stokes Wizard

A follow up on my previous trading video looking at a potential rising channel coming into a previous level of structure resistance on the EURUSD. In this follow-up we take a look at what I needed for entry, how I placed targets & alternative methods for you to get involved if you'd like. Please leave any questions, comments or trading ideas below! Akil