NEW Candles Formation Trading -Petar Formation | Page 29 | Forex Factory

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NEW Candles Formation Trading -Petar Formation

  • #561
  • Aug 25, 2010 4:31pm Aug 25, 2010 4:31pm
GBPCHF current +60 i going for 100 pips on this trade


As i said good formation+trendline or fibs = High probaility trade

Cheers




Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #562
  • Aug 25, 2010 4:39pm Aug 25, 2010 4:39pm
Quoting Petar_Serbia
My advice for AUD is to go Buy after we see trendline break,we have formation and also on 423.6 Very solid setup i think...



Cheers



PEtar
As i said very good pips after trendlone broken



Cheers


Petar
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"Buy on fear, sell on greed !!!
  • #563
  • Aug 25, 2010 4:49pm Aug 25, 2010 4:49pm
Quoting Petar_Serbia
Look Cable i clearly can see strong points and i think this is also on of strong points we will see,i have buy i will go for 60 pips on Mid TP if i see strong UP i will add another position



Cheers




Petar
Still wait second TP on cable it will interesting for watch


Petar
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"Buy on fear, sell on greed !!!
  • #564
  • Aug 25, 2010 4:52pm Aug 25, 2010 4:52pm
Hi Petar

Have you closed of your GBP/CHF trade?

thanks
  • #565
  • Aug 25, 2010 4:57pm Aug 25, 2010 4:57pm
Quoting mahomed
Hi Petar

Have you closed of your GBP/CHF trade?

thanks
Nope i wait 100 pips on that trade




Cheers



Petar
"Buy on fear, sell on greed !!!
  • #566
  • Aug 25, 2010 5:07pm Aug 25, 2010 5:07pm
Quoting Petar_Serbia
Nope i wait 100 pips on that trade




Cheers



Petar

lol you on a roll, good job
  • #567
  • Aug 25, 2010 5:11pm Aug 25, 2010 5:11pm
Quoting pet
lol you on a roll, good job
Thanks mate,

As i said you can choose , you want work large frame with smaller size or 20,30 pips with larger size,both according MM...THis week i traded just longer frames becouse i dont have time for smaller and i relaxing this week


I fishhing more




Petar
"Buy on fear, sell on greed !!!
  • #568
  • Aug 25, 2010 5:22pm Aug 25, 2010 5:22pm
Quoting Petar_Serbia
Thanks mate,

As i said you can choose , you want work large frame with smaller size or 20,30 pips with larger size,both according MM...THis week i traded just longer frames becouse i dont have time for smaller and i relaxing this week


I fishhing more




Petar
wot do you by "you want work large frame with smaller size or 20,30 pips with larger size"? do you have weekly pips target? take it easy on the fishing so there 'll be fishes for others to catch when they want to relax also..lol
  • #569
  • Aug 25, 2010 5:27pm Aug 25, 2010 5:27pm
Quoting pet
wot do you by "you want work large frame with smaller size or 20,30 pips with larger size"? do you have weekly pips target? take it easy on the fishing so there 'll be fishes for others to catch when they want to relax also..lol
NO i dont have target,i trade setups wich i think that are high probality setups...
No we have a lot of fish and i must catch all lol
"Buy on fear, sell on greed !!!
  • #570
  • Aug 25, 2010 5:31pm Aug 25, 2010 5:31pm
Quoting James Pier
Pet, I have been following the 5m in CABLE and EURJPD and a lot of times do not works.

There are not enought pips in this frame of time.



James
..to be honest with you, though i may take trades based on setup on M5 chart but just like in any other timeframes, i do not trade based on signals alone, i always have areas that i like to either buy or sell so if i see a setup there i take it but not all the time on small Tf, i do this only in anticapation of larger TF following suit otherwise it will only be tiny pips like you said... i made good pips on that very trade.
  • #571
  • Aug 25, 2010 5:36pm Aug 25, 2010 5:36pm
Quoting James Pier
Congratulations Pet.

żLooking any new fish in the water?.

P.
cheers mate, you cracked me up there, there are always fishes in the water i guess
  • #572
  • Aug 25, 2010 5:48pm Aug 25, 2010 5:48pm
I think that also would put very didactic Charts with failed Entry and to identify and explicate the entry error.

Execuse me my English,

Ducke
  • #573
  • Aug 25, 2010 6:10pm Aug 25, 2010 6:10pm
THis is eruusd my view :


This is what i waiting for EURUSD , i think we can see that soon :


We have nice rejection from good trendline also we have my formation and price above hilo we just need price above Upper trendline...


Hilo+formation and trendline on EURSD is very powefull :



This are pictures :




Petar
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"Buy on fear, sell on greed !!!
  • #574
  • Aug 25, 2010 8:10pm Aug 25, 2010 8:10pm
Quoting ducke
Yeah, Those indicators repaint. I recommend entering in the second set of three boxes of the same color.

Petar, 2 boxes only produces many false signals.

Excuse me English,

Ducke
Hi Ducke,

Is it possible you post trades on your indi tpl if you dont mind, just thinking maybe cool to see both yours and Dezil at work, and think Roundclock was working on one as well..

will try to post some trades on your indi chart
  • #575
  • Aug 25, 2010 10:06pm Aug 25, 2010 10:06pm
Petar.

Did you walk away from using RENKO bricks?
  • #576
  • Aug 25, 2010 10:13pm Aug 25, 2010 10:13pm
Quoting Petar_Serbia
Hmm,

I think they undestud....A said for this formation we need bearish PIN (you can see my first post on examples) for sell and for Buy we nead Bulish pin...Pin is for me every candle finished with weaknes...Most of trades begin from Hammer Pin bar for Buy or Shooting star pin bar for sell...

If you still dont know http://fxpath.com/2010/06/29/learn-f...forex-trading/


Cheers


Petar

ok, I see what you mean now.Just call it the candle that it is...I'm pretty sure the guy who made that page you posted is the only person who uses this "pin" lingo
When The Ducks Start Quackin..
  • #577
  • Aug 25, 2010 11:59pm Aug 25, 2010 11:59pm
Quoting finally
Is The Leading Candle the same as the second candle?

Thanks

Finally you seem to have undertood correctly, could you please set a final definition of this system ?

Petar, it looks like a very interesting system. Thanks for sharing your knowledge and for spend so much time explaining to us.

Good luck,

Aless
  • #578
  • Aug 26, 2010 4:06am Aug 26, 2010 4:06am
Quoting Freddyfx
Petar.

Did you walk away from using RENKO bricks?
Hello Freddyfx my friend,Renko is my love on Forex but i dont trade long that way becouse i earned money in past 2 years on pure price action,maybe max one indicator...

Renko prnicip has potenecial but i dont have time for improvement...



Cheers


Petar
"Buy on fear, sell on greed !!!
  • #579
  • Aug 26, 2010 4:07am Aug 26, 2010 4:07am
Quoting Dillinger563
ok, I see what you mean now.Just call it the candle that it is...I'm pretty sure the guy who made that page you posted is the only person who uses this "pin" lingo
Yep corret,just call it candle



Cheers



Petar
"Buy on fear, sell on greed !!!
  • #580
  • Aug 26, 2010 4:15am Aug 26, 2010 4:15am
Quoting Petar_Serbia
GBPCHF current +60 i going for 100 pips on this trade


As i said good formation+trendline or fibs = High probaility trade

Cheers




Petar
+100 pips on this trade


As i said this was High probailty trade

Cheers



Petar
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"Buy on fear, sell on greed !!!
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