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NEW Candles Formation Trading -Petar Formation

  • #861
  • Sep 24, 2010 8:38am Sep 24, 2010 8:38am
all the lines are there for a reason, now it would seem bullish confirmation is here, sry about the lines, these are my work chart, will try to post presentation chart soon
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  • #862
  • Sep 24, 2010 8:43am Sep 24, 2010 8:43am
POUNDSWISSIE
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  • #863
  • Sep 24, 2010 8:59am Sep 24, 2010 8:59am
Quoting pet
POUNDSWISSIE
Hello pet i agree with you on GBPCHF

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #864
  • Sep 24, 2010 10:13am Sep 24, 2010 10:13am
Quoting pet
poundswissie

tp1 hit at 1.5517, gbpchf
  • #865
  • Sep 24, 2010 12:28pm Sep 24, 2010 12:28pm
Quoting pet
POUNDSWISSIE
tp2 achieved @1.5598, closed 1position, only 1position left, both entries @1.5454, sl now at entry, good trade, very good pair

gbpjpy -entry 132.31, closed 1position at tp1 @133.50, only 1 position left, will see if it gets to tp2 or tp3 b4 market close, was waiting to add more to this pair but price didnt get to ideal re-entry point, will see

wish u all many pips
  • #866
  • Sep 24, 2010 12:46pm Sep 24, 2010 12:46pm
first posted the chart on top on the 15 sept 2010..it is still paying good money till this minute, all lines on charts are there for areason and useful,thats how the story goes..

more pips to all
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  • #867
  • Sep 26, 2010 9:08am Sep 26, 2010 9:08am
Quoting pet
first posted the chart on top on the 15 sept 2010..it is still paying good money till this minute, all lines on charts are there for areason and useful,thats how the story goes..

more pips to all
Good trade mate,

This is what i wait on EURUSD to take another i hope good position
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #868
  • Sep 27, 2010 2:49am Sep 27, 2010 2:49am
Quoting Petar_Serbia
Good trade mate,

This is what i wait on EURUSD to take another i hope good position

nice setup there, Petar, imho might be alittle late to get after break of trendline otherwise i think the safest trade will be a retest of the tl after break for entry that assuming we do get a retest.

atm early take could be a break below 1.3450 to target the tl in anticipation of breaking down as it doesnt look like we will get a sell formation setup here, though may still come in the second leg which is usually common given the present market conditions, i would say imho again that a target of 1.3356 would not be out of place initially, conservatively 1.3420 anyway Petar wots ur take on target
  • #869
  • Sep 27, 2010 3:21am Sep 27, 2010 3:21am
hey guys u have nice strategy out there

so what are tp and sl for this strategy ?
  • #870
  • Sep 27, 2010 5:33am Sep 27, 2010 5:33am
Quoting pet
nice setup there, Petar, imho might be alittle late to get after break of trendline otherwise i think the safest trade will be a retest of the tl after break for entry that assuming we do get a retest.

atm early take could be a break below 1.3450 to target the tl in anticipation of breaking down as it doesnt look like we will get a sell formation setup here, though may still come in the second leg which is usually common given the present market conditions, i would say imho again that a target of 1.3356 would not be out of place initially, conservatively...
Yea pet i agree,we will wait good confirmation

I have test today i wont be all day at home but when i am back form test i will see potencial trades for many pairs just to test...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #871
  • Sep 27, 2010 5:42am Sep 27, 2010 5:42am
Quoting tarek95
hey guys u have nice strategy out there

so what are tp and sl for this strategy ?
Hello there Tarek and welcome to the thread,

All idea is to use this formation like confirmation in your trading,for example we usually trade with trendlines,support,ressistance but also we test formation with Hilo and other tehniques.Download indicator from first post and than add to your chart...Post your trades,setups and we can disscus...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #872
  • Sep 27, 2010 6:27am Sep 27, 2010 6:27am
Hello guys i will post one chart before i go,for me this loos good i took 2 positions we will see,very low size,just to have something


This is chart :
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"Buy on fear, sell on greed !!!
  • #873
  • Sep 27, 2010 6:40am Sep 27, 2010 6:40am
Quoting Petar_Serbia
Hello guys i will post one chart before i go,for me this loos good i took 2 positions we will see,very low size,just to have something


This is chart :
Hi Petar,
When you say you put 2 positions ? Does that mean you do 2 transactions ?

Ex:
10 units Sell
and
10 other unit Sell ?

So that means you risk 20 units at total ?

Or you sell 20 units and will close 10 units on 1st tp1 ?

Thanks!
  • #874
  • Sep 27, 2010 5:18pm Sep 27, 2010 5:18pm
Quoting mfinab
Hi Petar,
When you say you put 2 positions ? Does that mean you do 2 transactions ?

Ex:
10 units Sell
and
10 other unit Sell ?

So that means you risk 20 units at total ?

Or you sell 20 units and will close 10 units on 1st tp1 ?

Thanks!
Hello guys i just back from city

Yea Mfinab i mean 2 transakction and if i see first TP i put SL at BE on second order and than wait second target >

Now i will go to check charts to see potencial trades
"Buy on fear, sell on greed !!!
  • #875
  • Sep 27, 2010 5:47pm Sep 27, 2010 5:47pm
I back to home and see good profit now +50 on both position i will wait my first target 1.5750 to move second order to BE ,we will see
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"Buy on fear, sell on greed !!!
  • #876
  • Sep 27, 2010 6:21pm Sep 27, 2010 6:21pm
GBPJPY looks also for sell,

Just my view > i dont work this pair but maybe can help someone...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #877
  • Sep 27, 2010 6:56pm Sep 27, 2010 6:56pm
Quoting Petar_Serbia
GBPJPY looks also for sell,

Just my view > i dont work this pair but maybe can help someone...


Cheers

Petar
Thanks
I dont work this pair too like you
But I will test it in demo
A little beginner trader since 2006
  • #878
  • Sep 28, 2010 11:53am Sep 28, 2010 11:53am
Quoting Naseri13
Thanks
I dont work this pair too like you
But I will test it in demo
Heh ok i wish you good test
"Buy on fear, sell on greed !!!
  • #879
  • Sep 28, 2010 11:56am Sep 28, 2010 11:56am
Quoting Petar_Serbia
I back to home and see good profit now +50 on both position i will wait my first target 1.5750 to move second order to BE ,we will see
TP 1 Hit on Cable +100 pips



Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #880
  • Sep 28, 2010 11:57am Sep 28, 2010 11:57am
Quoting Petar_Serbia
GBPJPY looks also for sell,

Just my view > i dont work this pair but maybe can help someone...


Cheers

Petar
TP GBPJPY hit +130 pips


Cheers
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
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