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NEW Candles Formation Trading -Petar Formation

  • #1,001
  • Sep 1, 2011 11:28am Sep 1, 2011 11:28am
Quoting Petar_Serbia
Thanks BBKing and feel free to post setups


Cheers
Petar
thanks!
i won't trade for some days maybe whole next week.
anyway what i see in GU is still a strong bear power.
tomorrow's NFP could change n reverse trend and maybe today's 6130 is bottom.

in h4 chart i clearly see how much power n time it will need to completely reverse this trend.. from here 6180 to 6230 could be tested to provide supply area. new bears might try to move it 60 area imo.

daily picture is worst... if won't hold 61 area + ema200 will invalidate reversed H&S (head is 5780) and build up another big H&S (head is 6610) with neckline 6110. this would open a move to 1.56 seen below.
weekly n monthly no good for bulls.

early to predict whole picture now.
i let it go, hoping tomorrow's nfp will give some clue about this month.

i will pop-up also here if i will notice something good
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 43 KB
Click to Enlarge Name: gu2.gif Size: 32 KB
90% of traders use TA, indicators and prediction
  • #1,002
  • Sep 1, 2011 1:23pm Sep 1, 2011 1:23pm
Hi Peter & BBKing,

I agree that Cable is a crapshoot at the moment.

Technicals:
200MA and 100MA about to "kiss" on Daily.
NFP tomorrow
Stoch bearish
Monthly low around 1.600
No predictions from me

Fundamentals:
Manufacturing declined in August, slow exports, slower manufacturing, housing prices declined once again, etc... Means bearish.

Just my two senses !

BigMike
  • #1,003
  • Sep 7, 2011 5:55am Sep 7, 2011 5:55am
Hi all,

A nice setup has built on CAD. (based on my daily charts)
Here is my plan:
Sell at .9874
SL 1.0050
Risk 2%
No TP at this moment since support levels are .9800, 9750 and .9700
We have 3 different exit strategies:
1- SL hit
2- Close partial lots at different supports
3- Move SL as it falls depending on market volatility

Pip it Up !

BigMike
  • #1,004
  • Sep 10, 2011 7:15am Sep 10, 2011 7:15am
Quoting _BBKing_
thanks!
i won't trade for some days maybe whole next week.
anyway what i see in GU is still a strong bear power.
tomorrow's NFP could change n reverse trend and maybe today's 6130 is bottom.

in h4 chart i clearly see how much power n time it will need to completely reverse this trend.. from here 6180 to 6230 could be tested to provide supply area. new bears might try to move it 60 area imo.

daily picture is worst... if won't hold 61 area + ema200 will invalidate reversed H&S (head is 5780) and build up another big H&S (head is 6610) with...
Good post Bbking i just saw,keep post

CHeers
Petar
"Buy on fear, sell on greed !!!
  • #1,005
  • Sep 10, 2011 7:16am Sep 10, 2011 7:16am
Quoting Big Mike
Hi all,

A nice setup has built on CAD. (based on my daily charts)
Here is my plan:
Sell at .9874
SL 1.0050
Risk 2%
No TP at this moment since support levels are .9800, 9750 and .9700
We have 3 different exit strategies:
1- SL hit
2- Close partial lots at different supports
3- Move SL as it falls depending on market volatility

Pip it Up !

BigMike
Hello there Mike and welcome to the thread

Feel free to post charts and trading ideas..

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #1,006
  • Sep 12, 2011 3:47pm Sep 12, 2011 3:47pm
Quoting Petar_Serbia
Good post Bbking i just saw,keep post

CHeers
Petar
thanks!
here below GU h1
a lot of people seearching a bottom of the move down.
im still waitin if 56 area appears.

until it won't breake above that channel, and give a 'backtest' of it, price will keep going down and market will sell rallies.

meanwhile...
m1 chart gives me great trades in GU EU n EJ
could look a bit confused but at my eyes is so clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 112 KB
Click to Enlarge Name: gu2.jpg Size: 98 KB
90% of traders use TA, indicators and prediction
  • #1,007
  • Sep 16, 2011 12:02pm Sep 16, 2011 12:02pm
Hi all,
just an update on the CAD trade:

I closed 2 positions out of 3 at .9800. Moved SL at BE.
Usually I would have closed only 1 position, but the ride was a bit too bumpy.
I might change the TP for last position at .9750 depending on market.

Pip it Up !

BigMike
  • #1,008
  • Sep 19, 2011 3:17pm Sep 19, 2011 3:17pm
GU still into hourly channel
touched down into strong demand area.

must move up this week imo and go out of the channel to try to go on higher levels.

a fail.... means more down.
time will tell!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 126 KB
90% of traders use TA, indicators and prediction
  • #1,009
  • Sep 20, 2011 12:16pm Sep 20, 2011 12:16pm
Hi all,
The CAD trade third position closed at BE.

Pip it Up !

BigMike
  • #1,010
  • Sep 28, 2011 9:29am Sep 28, 2011 9:29am
Quoting Big Mike
Hi all,
just an update on the CAD trade:

I closed 2 positions out of 3 at .9800. Moved SL at BE.
Usually I would have closed only 1 position, but the ride was a bit too bumpy.
I might change the TP for last position at .9750 depending on market.

Pip it Up !

BigMike
Hello ther BigMike ,
Good setup,feel free to psot charts and setups,also bking feel free to post charts...
I am very busy these months but i am always for good disccusion...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #1,011
  • Sep 29, 2011 10:36am Sep 29, 2011 10:36am
Quoting Petar_Serbia
Hello ther BigMike ,
Good setup,feel free to psot charts and setups,also bking feel free to post charts...
I am very busy these months but i am always for good disccusion...

Cheers
Petar
Thanks Petar !

BigMike
  • #1,012
  • Sep 30, 2011 3:48am Sep 30, 2011 3:48am
Hello guys,
I found very good coleration with my formation and Jankone system,i think combinations can be very good.
YOu can find Jankone system here http://www.forexfactory.com/showthread.php?t=163972

This is yesterday setup on EURUSD sell,you can try and test and post setups and results and hope that you will get succes...

Cheers
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: jankone.jpg Size: 94 KB
"Buy on fear, sell on greed !!!
  • #1,013
  • Oct 2, 2011 11:45pm Oct 2, 2011 11:45pm
thanks Dazil for your indy.
Has anyone decided which is the better trades to take, with or without pin bars??? thnx in advance. Jack
  • #1,014
  • Oct 3, 2011 5:27pm Oct 3, 2011 5:27pm
Quoting JumpJack
thanks Dazil for your indy.
Has anyone decided which is the better trades to take, with or without pin bars??? thnx in advance. Jack
Hello there,
Pin setups are stronger than unpin setups,and my advice for all traders wich trade this formation is to wait good formation on key levesl and place setup.
I gave just example with Jankone strategy how you can use formation...

Feel free to psot setups

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #1,015
  • Oct 4, 2011 1:52pm Oct 4, 2011 1:52pm
Hello guys,
I found two setups from today and will post,first was litle risky becouse low range of BOlinger but second was very good..

Cheers
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: setups.jpg Size: 87 KB
"Buy on fear, sell on greed !!!
  • #1,016
  • Oct 6, 2011 5:53am Oct 6, 2011 5:53am
Hello guys,
Very good setup from today in EURUSD...:0

Cheers
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddd.jpg Size: 93 KB
"Buy on fear, sell on greed !!!
  • #1,017
  • Oct 6, 2011 5:57am Oct 6, 2011 5:57am
Currently EUR has formation for sell on mid of bolinger,we can see 20-30 down...
Cheers
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: trendcontinuation.jpg Size: 106 KB
"Buy on fear, sell on greed !!!
  • #1,018
  • Oct 6, 2011 6:53am Oct 6, 2011 6:53am
Quoting Petar_Serbia
Currently EUR has formation for sell on mid of bolinger,we can see 20-30 down...
Cheers
Petar
And for 30 minutes 80 pips
Attached Image (click to enlarge)
Click to Enlarge Name: after.jpg Size: 91 KB
"Buy on fear, sell on greed !!!
  • #1,019
  • Oct 7, 2011 4:49am Oct 7, 2011 4:49am
Hello guys,
I finished week yesterday but want to post one setup on ERURUSD where we can see 20-30 pips...

Cheers
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurosse.jpg Size: 97 KB
"Buy on fear, sell on greed !!!
  • #1,020
  • Oct 7, 2011 5:09am Oct 7, 2011 5:09am
Quoting Petar_Serbia
Hello guys,
I finished week yesterday but want to post one setup on ERURUSD where we can see 20-30 pips...

Cheers
Petar
Yeah, very good PB with momentum on confluence of RET50 and RET38 and a good supply/demand level
The PB is very good, well protub, long noise, in the previous bodies and close red.

Very beautiful setup imho
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 85 KB
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