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NEW Candles Formation Trading -Petar Formation

  • #781
  • Sep 13, 2010 7:58am Sep 13, 2010 7:58am
Hello guys and i hope we will earn good pips this week >

I have one chart on XAU,we broke wedge and i expext target from 3000 pips we will see..
Attached Image (click to enlarge)
Click to Enlarge Name: xau.gif Size: 26 KB
"Buy on fear, sell on greed !!!
  • #782
  • Sep 13, 2010 8:03am Sep 13, 2010 8:03am
Hello Petar, any SL in gold?.

Tks.

James
  • #783
  • Sep 13, 2010 8:05am Sep 13, 2010 8:05am
Quoting James Pier
Hello Petar, any SL in gold?.

Tks.

James
You can put above previuse Higher price...
"Buy on fear, sell on greed !!!
  • #784
  • Edited 3:06pm Sep 13, 2010 2:27pm | Edited 3:06pm
Price magnet on chart posted last week acheived, now maybe it will go down to 170.12 area or ?? Exited my last original position at 107.89, entry was 106.00

anyways this chart below which was posted last week has provided me with numerous opportunities and profits, so many pips i cant complain..

THIS CHART IS MONEY EVEN TO THE NEWBIE, TRUST ME!!
will post new chart with concurrent TL and anticipated intermediate directions

Wish u all many pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurjapenter.gif Size: 32 KB
  • #785
  • Sep 13, 2010 2:53pm Sep 13, 2010 2:53pm
Good pips on the one, posted this chart on bank holiday weekend more than a week ago, comfortable trade, very rewarding pips

charts below are now and before
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpnow.gif Size: 46 KB
Click to Enlarge Name: eurgbp4.gif Size: 29 KB
  • #786
  • Sep 13, 2010 5:25pm Sep 13, 2010 5:25pm
Quoting pet
Price magnet on chart posted last week acheived, now maybe it will go down to 170.12 area or ?? Exited my last original position at 107.89, entry was 106.0

anyways this chart below which was posted last week has provided me with numerous opportunities and profits, so many pips i cant complain..

THIS CHART IS MONEY EVEN TO THE NEWBIE, TRUST ME!!
will post new chart with concurrent TL and anticipated intermediate directions

Wish u all many pips
Hello pet my friend,

Very good job congratulation
"Buy on fear, sell on greed !!!
  • #787
  • Sep 13, 2010 7:49pm Sep 13, 2010 7:49pm
Quoting Petar_Serbia
Hello pet my friend,

Very good job congratulation

thanks mate, how u been? i see you've some fantastic trades as well, more pips to you my friend, thanks to Dezil and great traders/contributors

just returned back to find the level i mentioned 107.12 in my previous post, looks like its there already not bad +70pips, 107.12 is 100% fib retracement/expansion level

gbpyen, gbpchf is taking a big smacking..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjap.gif Size: 25 KB
Click to Enlarge Name: eurjap11.gif Size: 31 KB
  • #788
  • Sep 13, 2010 7:50pm Sep 13, 2010 7:50pm
Quoting pet
thanks mate, how u been? i see you've some fantastic trades as well, more pips to you my friend, thanks to Dezil and great traders/contributors

just returned back to find the level i mentioned 107.12 in my previous post, looks like its there already not bad +70pips

gbpyen, gbpchf is taking a big smacking..
I am very good mate and i am happy that you earn good pips

We can buy ship ?
"Buy on fear, sell on greed !!!
  • #789
  • Sep 13, 2010 7:54pm Sep 13, 2010 7:54pm
Quoting Petar_Serbia
I am very good mate and i am happy that you earn good pips

We can buy ship ?
haha, nothing is impossible imho,
  • #790
  • Edited 8:36pm Sep 13, 2010 8:13pm | Edited 8:36pm
106.75,107.42,107.89,108.66,109.56,109.87,110.41

these levels i mentioned last week,the first three bullish targets have been met, had to re-evaluate with the week openning with a gapper, now looks like we could get a fill, if we get price closing the gap successfully then the picture changes imho to bearish for the time being...

looking at the three swings highlighted in chart below, it is easily noticeable that there are hardly any bullish candle present in those swings but the fact that the first one still remains the lowest of the swings may help the arguement that the bulls are somehow still interested in taking the pair to higher levels.

this Gap in price was reason i closed my remaining long position opened at 106.00 otherwise i will still taping this pair to the maximum, but will wait for market to give a clue, whichever way it chooses i see many pips available but secretly i favour the upside.

i bet we all know what it means when price tries to close a gap (also the different b/w gap filling and closing)which it should do within three sessions and if it fails, normally it means price will go higher than where it was coming from, if it closes then it will continue downhill.

EDIT- typo on chart, i mean if we dont get a reversal between current price and 38% fibo on chart, then maybe down, personally close below 100% will render most chances of upside invalid for now, so a reversal from here will aim for 161.8% initially then 261.8
Attached Image (click to enlarge)
Click to Enlarge Name: eurjap111.gif Size: 28 KB
  • #791
  • Sep 13, 2010 8:25pm Sep 13, 2010 8:25pm
Quoting pet
106.75,107.42,107.89,108.66,109.56,109.87,110.41

these levels i mentioned last week,the first three bullish targets have been met, had to re-evaluate with the week openning with a gapper, now looks like we could get a fill, if we get price closing the gap successfully then the picture changes imho to bearish for the time being...

looking at the three swings highlighted in chart below, it is easily noticeable that there are hardly any bullish candle present in those swings but the fact that the first one still remains the lowest of the swings...
Interesting view
"Buy on fear, sell on greed !!!
  • #792
  • Sep 13, 2010 8:29pm Sep 13, 2010 8:29pm
Quoting Petar_Serbia
Interesting view

thanks bro, but we know the market is KING or rather PRICE IS KING, we just follow the leader
  • #793
  • Sep 14, 2010 3:36am Sep 14, 2010 3:36am
Quoting pet
106.75,107.42,107.89,108.66,109.56,109.87,110.41


i bet we all know what it means when price tries to close a gap (also the different b/w gap filling and closing)which it should do within three sessions and if it fails, normally it means price will go higher than where it was coming from, if it closes then it will continue downhill.

EDIT- typo on chart, i mean if we dont get a reversal between current price and 38% fibo on chart, then maybe down, personally close below 100% will render most chances of upside invalid for now, so a reversal from...

now i took a buy position at 107.12, sl 106.77, will see
  • #794
  • Sep 14, 2010 6:08am Sep 14, 2010 6:08am
Petar, Are you still short in XAU?

Tks.

James


Quoting Petar_Serbia
Hello guys and i hope we will earn good pips this week >

I have one chart on XAU,we broke wedge and i expext target from 3000 pips we will see..
  • #795
  • Sep 14, 2010 6:30am Sep 14, 2010 6:30am
Quoting James Pier
Petar, Are you still short in XAU?

Tks.

James
NO i dont trade XAU i just posted that for posible setup,i dont trade becouse spread is 1000 pips

Petar
"Buy on fear, sell on greed !!!
  • #796
  • Sep 14, 2010 6:32am Sep 14, 2010 6:32am
Thats what I lost.

Tks.
  • #797
  • Sep 14, 2010 7:03am Sep 14, 2010 7:03am
mehn, i wouldnt have sold Gold as all the major players and investors that we know have been buying Gold and expecting going up to 2000 in long term, and they have been making a lot of noise about their positions as well

I personally have a season for trading gold and oil because of their heavy fundamental attachment, then if i do trade it intraday or something i scalp when there is heavy moves on my spreadbetting A/C then i dont need 1000pips SL.

..hope you are able to recoup your losses soon
  • #798
  • Sep 14, 2010 7:13am Sep 14, 2010 7:13am
Quoting James Pier
Thats what I lost.

Tks.
Hello James where you put your SL , XAU again test TL we will see >
Attached Image (click to enlarge)
Click to Enlarge Name: testagain.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #799
  • Sep 14, 2010 7:21am Sep 14, 2010 7:21am
this is how am playing the eurjpy..

i see opportunity in gbpchf and maybe later gbpjpy, you can check and peruse.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjapgap.gif Size: 28 KB
Click to Enlarge Name: eurjapgaph44.gif Size: 29 KB
  • #800
  • Sep 14, 2010 7:38am Sep 14, 2010 7:38am
Thank you friends, but lost is lost, its forgotten.

Now I need good informations to recover that, but not with gold, with anything.



James
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