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NEW Candles Formation Trading -Petar Formation

  • #821
  • Sep 15, 2010 5:04am Sep 15, 2010 5:04am
Quoting James Pier
Hello Pet, of course, the big movements were in the Yen, the other movements were in different ways, last night I mean, thanks to the intervention of BOJ.

Cheersss



It would seem people try to explain moves and the reason after the news, i have never been in Japan neither do i know what the the BOJ WOULD SAY WHENEVER THEY DID and to be honest I do not GIVE A HOOT nor do i even check the FF calender, ironically that was attracted me to this site the first time many many years ago, initially i used to get scared when im into a position and a big news is coming but how my trading has improved tremedously since i blanked myself to the news or any form of fundis, my charts speaks for themselves.

Before you guys starts challenging me let me just say i am not saying that people cannot trade the news succesfully, infact they are people that do but i am not one of them and will never be(personal reasons),what i am saying is that there are people who dont even know when or what news is coming out when or what they say but are highly succesfull time and time and after time again - i am a contented one of the latter.

Infact, any instrument has heavy fundamental attachment like gold or oil, i like to say away from, because that is where the major players with a lot of money and risk in the market tries to engineer the market with massive positions for hedging etc imho and use the power of the media to get the herds along with the intention of taking all their money in due time, there are not a lot of things that i hate, but i will hate say fundamentals is one of them and will argue my case anytime and anywhere, i also stay away from forums where people base analysis on fundis

At the end of the day, the judge should be the track record of trader which is how pips you have, and the rate in which you can take them in relative to losses if they are any...


MY CHARTs WILL SPEAK FOR ITSELF INDIVIDUALLY OR COLLECTIVELY, EVERYONE PLS DO WHAT WORKS FOR YOU, WISH U ALL MOE PIPS.

nevertheless trading continues...
  • #822
  • Sep 15, 2010 5:06am Sep 15, 2010 5:06am
Quoting Petar_Serbia
Morning guys,

I am happy when i see you take good pips,congratulation

thanks mate, i killed the eurjap and nailed the coffin to the exact spot, didnt i? lol infact i have been killing pairs and taking the pips on offer on this thread for time now.
  • #823
  • Sep 15, 2010 5:15am Sep 15, 2010 5:15am
Quoting pet
thanks mate, i killed the eurjap and nailed the coffin to the exact spot, didnt i? lol infact i have been killing pairs and taking the pips on offer on this thread for time now.
THat is good now i can call you PipsKiller...
"Buy on fear, sell on greed !!!
  • #824
  • Sep 15, 2010 5:17am Sep 15, 2010 5:17am
Pet you are right but I mean that without the intervention ob BOJ, last night, the Yen woult not be so weak in so short time, and fortunatelly I was in the correct possition (thanks to your posts) and without limit Target, so I won at least 100 extra pips.



James





Quoting pet
It would seem people try to explain moves and the reason after the news, i have never been in Japan neither do i know what the the BOJ WOULD SAY WHENEVER THEY DID and to be honest I do not GIVE A HOOT nor do i even check the FF calender, ironically that was attracted me to this site the first time many many years ago, initially i used to get scared when im into a position and a big news is coming but how my trading has improved tremedously since i blanked myself to the news or any form of fundis, my charts speaks for themselves.

Before you guys...
  • #825
  • Sep 15, 2010 5:22am Sep 15, 2010 5:22am
Quoting Petar_Serbia
THat is good now i can call you PipsKiller...

LOL
  • #826
  • Sep 15, 2010 5:32am Sep 15, 2010 5:32am
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 may...
i said my eurjap chart was money even a newbie would have taken money, look how much,
Attached Image (click to enlarge)
Click to Enlarge Name: moneychart.gif Size: 28 KB
  • #827
  • Sep 15, 2010 5:39am Sep 15, 2010 5:39am
hi peter

i downloaded attached indicator in first post ..

is it enough ? or i must discover it my self?

if it enough .. can i use it in scalping ?
  • #828
  • Sep 15, 2010 5:48am Sep 15, 2010 5:48am
Quoting mido0or
hi peter

i downloaded attached indicator in first post ..

is it enough ? or i must discover it my self?

if it enough .. can i use it in scalping ?
Hi midoor and welcome to the thread,

Yea that is indi wich draw my formation but we use on strong trendline,chanels.THis is formation this isnt system that mean you can use for your strategy your work now like addtinoal confirmation...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #829
  • Sep 15, 2010 7:04am Sep 15, 2010 7:04am
see the gpyjap* d Beast * gave me...
Attached Image (click to enlarge)
Click to Enlarge Name: moneychartgpee.gif Size: 40 KB
  • #830
  • Sep 15, 2010 7:11am Sep 15, 2010 7:11am
Action time, tl action plus petar formation
Attached Image (click to enlarge)
Click to Enlarge Name: moneychartgswiss.gif Size: 32 KB
  • #831
  • Sep 16, 2010 8:05am Sep 16, 2010 8:05am
Quoting pet
Action time, tl action plus petar formation

hmmm..
  • #832
  • Sep 16, 2010 10:30pm Sep 16, 2010 10:30pm
Hi!
I am in vacation this week, but still looking at this thread. Good job guys!! I must say I missed the BOJ intervention on Sept. 15th. That was almost 200 pips !

Hope you guys have a good Week-End!
  • #833
  • Edited 9:33am Sep 20, 2010 9:06am | Edited 9:33am
Hi, in EURJPY 30M Petar formation, it seems going up.

Luck.

James
  • #834
  • Sep 20, 2010 10:01am Sep 20, 2010 10:01am
In 1H Petar candels too.

Cheers

James

  • #835
  • Sep 20, 2010 11:00am Sep 20, 2010 11:00am
Quoting K7420
Hi guys it's my first post to this thread, would you comment about my trade I took? Thank you....

I also wonder why nobody mentioned this EU trade in this thread yesterday!


Attachment
Hi,

I do not know if it is too late to respond to this post, so if it is the case, please ignore.

From my (humble) point of view, the entry was correct and the stop loss was correct. So technically the trade is totally correct.

I cannot read it very well, but it seems that the SL is not in a critical stop hunting area.

This is not the case with the entry point. It is near a '00' area, so according to the stop hunting rules, the Candle 2 indicates that the hunters have rushed to the stops right up the '00' level. So we might think that it is not a very reliable entry point. How to deal with it? Honestly, I don't know. In fact I would have entered in the same way as you have.

But of course, after the storm has passed we are all the best meteorologists.

Hope my opinion is useful.

Best Regards and Happy Pips.

gonso
------------
it is better to light the candle rather than complain about the darkness - Chinese proverb.
  • #836
  • Sep 20, 2010 7:24pm Sep 20, 2010 7:24pm
Hi guys...

Here is a Petar formation I found on a 4H chart. What you guys think on this one ? I know Euro is very strong right now and GBP is weak.

Anyway do you think it would be a good move to go short ?

Have a good night !

http://my.jetscreenshot.com/4229/201...mvcv-670kb.jpg
  • #837
  • Sep 21, 2010 5:58am Sep 21, 2010 5:58am
Quoting mfinab
Hi guys...

Here is a Petar formation I found on a 4H chart. What you guys think on this one ? I know Euro is very strong right now and GBP is weak.

Anyway do you think it would be a good move to go short ?

Have a good night !

http://my.jetscreenshot.com/4229/201...mvcv-670kb.jpg
That isnt good setup for me,becouse main swing are on another place on chart.But its ok you practice and that is good just practice and you will have succes in future >For me no EURGBP we was have buy on strong TL...

This is my view on EURGBP >
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #838
  • Sep 21, 2010 6:18am Sep 21, 2010 6:18am
Quoting Petar_Serbia
That isnt good setup for me,becouse main swing are on another place on chart.But its ok you practice and that is good just practice and you will have succes in future >For me no EURGBP we was have buy on strong TL...

This is my view on EURGBP >
Oh I see ! Thanks Petar! I lost about 15 pips on this one. I knew it was risky and put a thight Stop Lost. When news has come out from GBP this morning, my stop lost as been triggered.

Will continue to find some good setup and post it.

Thanks very much to be there for me and other traders. I really want to be a good and smart trader.

Have a good day!

Mfinab
  • #839
  • Sep 21, 2010 6:19am Sep 21, 2010 6:19am
Quoting mfinab
Oh I see ! Thanks Petar! I lost about 15 pips on this one. I knew it was risky and put a thight Stop Lost. When news has come out from GBP this morning, my stop lost as been triggered.

Will continue to find some good setup and post it.

Thanks very much to be there for me and other traders. I really want to be a good and smart trader.

Have a good day!

Mfinab
You will be just belive in that....

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #840
  • Sep 21, 2010 7:07am Sep 21, 2010 7:07am
Hi!

I don't find any signal right now! Anybody find some good one ?

Have a good day to all!

Mfinab
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