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NEW Candles Formation Trading -Petar Formation

  • #421
  • Edited 6:18am Aug 20, 2010 6:07am | Edited 6:18am
Quoting Petar_Serbia
I will try now USDCAD again,still looks like a high potencial we will see






Cheers



Petar
Loose this trade,its ok becouse i loose just 1 % from balance ,as i siad MM is the key for succes...



Cheers

Petar
"Buy on fear, sell on greed !!!
  • #422
  • Aug 20, 2010 6:15am Aug 20, 2010 6:15am
Also took EURUSD according daily on very good price i diddn expext down run but its ok better price for me,i will go to risk 100 pips (1 %) and i will try to take 200 pips (2 %) we will see next week...



Cheers



Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdnow.gif Size: 14 KB
"Buy on fear, sell on greed !!!
  • #423
  • Aug 20, 2010 6:17am Aug 20, 2010 6:17am
Quoting Petar_Serbia
Hello guys,



I just woke up and took cable buywe will see



Jackob you can work how you want,just trade high probality trades and use good MM


Cheers


Petar
I took 25 pips in one trade second trade is on BE


Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cabletp.gif Size: 14 KB
"Buy on fear, sell on greed !!!
  • #424
  • Aug 20, 2010 6:28am Aug 20, 2010 6:28am
Also who dont know wich system can use with this formaiton i think simpliest for folow is Murey Math and this formation its very powerfull,but my advice learn pure price action and with good MM everything will be good
I cna explain best tehhique for Murey Math trading wich want to try...


Cheers




Petar
"Buy on fear, sell on greed !!!
  • #425
  • Aug 20, 2010 6:49am Aug 20, 2010 6:49am
Quoting Petar_Serbia
I took 25 pips in one trade second trade is on BE


Cheers


Petar
Tp2 Hit +50 pipis


Total +70


This i talked,take just high probality trades

Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cable2tp.gif Size: 14 KB
"Buy on fear, sell on greed !!!
  • #426
  • Aug 20, 2010 7:10am Aug 20, 2010 7:10am
luvly setup in euro
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15mluv ly.gif Size: 19 KB
  • #427
  • Aug 20, 2010 7:16am Aug 20, 2010 7:16am
Quoting pet
luvly setup in euro
Congratulation
"Buy on fear, sell on greed !!!
  • #428
  • Aug 20, 2010 7:17am Aug 20, 2010 7:17am
Still have one position from my last trade yesterday for gbpjpy, two positions were opened, the other done very well even more than target rr1/1.. Just cant complain..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjen weekly.gif Size: 32 KB
  • #429
  • Aug 20, 2010 7:20am Aug 20, 2010 7:20am
Quoting petar_serbia
congratulation
hey bro how u doing today
  • #430
  • Aug 20, 2010 7:20am Aug 20, 2010 7:20am
Quoting pet
Still have one position from my last trade yesterday for gbpjpy, two positions were opened, the other done very well even more than target rr1/1.. Just cant complain..
Look i see very strong Sup on Daily that is why opened Buy at 1.2705 With 100 pips SL and 200 TP we will see
"Buy on fear, sell on greed !!!
  • #431
  • Aug 20, 2010 7:24am Aug 20, 2010 7:24am
Quoting pet
hey bro how u doing today
Very well my frind i took 2 trades and earn 70 pips its enough for today,also eurjpy second position closed on TP and just loose uscad but that is ok i always risk 1-1.5 % per trade and that is my key for succes.Never mind wich amount of pips i risk on balance is always 1-1.5 %


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #432
  • Aug 20, 2010 7:41am Aug 20, 2010 7:41am
Quoting Petar_Serbia
Very well my frind i took 2 trades and earn 70 pips its enough for today,also eurjpy second position closed on TP and just loose uscad but that is ok i always risk 1-1.5 % per trade and that is my key for succes.Never mind wich amount of pips i risk on balance is always 1-1.5 %


Cheers


Petar
yes i see that support on eurusd, already on 100pips profit sell, i only risk 16 pips on trades very good reward, as soon if things start appearing as if it is turning around i bail out..


did you take your euro buy on a valid setup ???? as i am more corncerned at the ressistance area around 1.2727 than the support u mentioned, wish u many grreen pips tho..

see my old and new chart below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdnew.gif Size: 34 KB
Click to Enlarge Name: eursroooo.gif Size: 30 KB
  • #433
  • Aug 20, 2010 7:47am Aug 20, 2010 7:47am
Quoting pet
yes i see that support on eurusd, already on 100pips profit sell, i only risk 16 pips on trades very good reward, as soon if things start appearing as if it is turning around i bail out..


did you take your euro buy on a valid setup ???? as i am more corncerned at the ressistance area around 1.2727 than the support u mentioned, wish u many grreen pips tho..

see my old and new chart below
Pet:

Which t/f's so far do you see best for this system?

thanks,
jacob
  • #434
  • Edited 8:23am Aug 20, 2010 8:09am | Edited 8:23am
Quoting losingtrades
Pet:

Which t/f's so far do you see best for this system?

thanks,
jacob

when i take setup from m5 to H1 , i use sloping trend line as SL and try RR1/1, most times sl point is below 20pips to enter. I only op-en 1position with these setups.

The upward sloping trendline in my chart below helped to get out of my cadjpy buy earlier with small profit and also where to start looking for valid sell setup, it worked very well here

next valid sell after the twin TL in red, i take sell 81.97 with tiny SL again, setup high was 82.03, min SL 9pips inc spreads, target was 81.68 but price dive thru so i took tp at next support at 81.27...very rewarding that why i said i cant complain..

on higher time frame, i stick to my guns when a valid setup occurs until bias changes especially when i have minimum RR1/1, so i open two positions so atleast i can get something in bag with one position with the first rally after valid setup formed
Attached Image (click to enlarge)
Click to Enlarge Name: caddic.gif Size: 28 KB
  • #435
  • Aug 20, 2010 8:15am Aug 20, 2010 8:15am
Quoting pet
yes i see that support on eurusd, already on 100pips profit sell, i only risk 16 pips on trades very good reward, as soon if things start appearing as if it is turning around i bail out..


did you take your euro buy on a valid setup ???? as i am more corncerned at the ressistance area around 1.2727 than the support u mentioned, wish u many grreen pips tho..

see my old and new chart below
Yea i took EURUSD buy for next week and i risk 1 % i will go for 2-3 % on that trade


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #436
  • Aug 20, 2010 8:22am Aug 20, 2010 8:22am
I also see High probality trade on EURJPY for about 50 pips trade...This setup is with Murey Math confim...I dont take this trade i finished for today but i will watch this...
We can see today EURJPY at about 109.30-109.35


Cheers





Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyformationm.gif Size: 14 KB
"Buy on fear, sell on greed !!!
  • #437
  • Aug 20, 2010 9:13am Aug 20, 2010 9:13am
Petar, be careful on that euro buy, according to traditional technical continuation pattern(flag) which is clear in H4 and daily, the euro will still fall to around approx 213pips, i am not an elliotitian but i think i know the basics of wave principle and think it looks like wave 4 in progress and the price projection from the bearish flag is in accordance with top of wave 1.

might be worth considering..
Attached Image (click to enlarge)
Click to Enlarge Name: euwvae.gif Size: 23 KB
  • #438
  • Aug 20, 2010 9:41am Aug 20, 2010 9:41am
Quoting pet
Petar, be careful on that euro buy, according to traditional technical continuation pattern(flag) which is clear in H4 and daily, the euro will still fall to around approx 213pips, i am not an elliotitian but i think i know the basics of wave principle and think it looks like wave 4 in progress and the price projection from the bearish flag is in accordance with top of wave 1.

might be worth considering..
Yea but rembemer this is Forex and everyting is posibble i always have 1 % risk,i trade comfortable and we will see


EURJPY setup still look good for 50 pips UP we will see,i finished for this week with about 150 pips + for me very good week
"Buy on fear, sell on greed !!!
  • #439
  • Aug 20, 2010 10:07am Aug 20, 2010 10:07am
still going well atm..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euwvae2.gif Size: 23 KB
  • #440
  • Aug 20, 2010 10:16am Aug 20, 2010 10:16am
cadjpy,
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 31 KB
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