Scribd Logo
Upload

Welcome to Scribd!

  • 99 views

    Peak Formations 100 Pip Box

    Uploaded by

    ginblake86
    The document discusses peak formations, which are patterns used to identify levels of rise or fall in markets on weekly and daily timeframes. It provides examples of scenarios where peak formations are identified and could provide confirmation for short trades if the market trades back into the formation. It also discusses how to identify and draw peak formations, the use of a 100 pip box to determine market levels, and understanding breakouts and entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Peak Formations 100 Pip Box

    Uploaded by

    ginblake86
    99 views8 pages
    The document discusses peak formations, which are patterns used to identify levels of rise or fall in markets on weekly and daily timeframes. It provides examples of scenarios where peak formations are identified and could provide confirmation for short trades if the market trades back into the formation. It also discusses how to identify and draw peak formations, the use of a 100 pip box to determine market levels, and understanding breakouts and entries.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses peak formations, which are patterns used to identify levels of rise or fall in markets on weekly and daily timeframes. It provides examples of scenarios where peak formations are identified and could provide confirmation for short trades if the market trades back into the formation. It also discusses how to identify and draw peak formations, the use of a 100 pip box to determine market levels, and understanding breakouts and entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    99 views8 pages

    Peak Formations 100 Pip Box

    Uploaded by

    ginblake86
    The document discusses peak formations, which are patterns used to identify levels of rise or fall in markets on weekly and daily timeframes. It provides examples of scenarios where peak formations are identified and could provide confirmation for short trades if the market trades back into the formation. It also discusses how to identify and draw peak formations, the use of a 100 pip box to determine market levels, and understanding breakouts and entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Peak Formations

    100 Pip Box


    Cameron Benson
    Pips2Profit
    Market Maker Template (Cycle)
    What Is A Peak Formation?
    1. Used to frame the week - Help Identify which
    level of rise or fall we are in.
    2. Used to frame the day - Similar to week, help
    to identify whether the larger template is
    lining up with the day.

    Example Scenario:
    -First Red Day presented yesterday.
    -Today, there was a peak formation LOW made in
    Asia.
    -Throughout the day, the market has moved up 3
    levels and put a peak formation high in at the HOD.
    -Coming into the NY SESSION market traded back
    into the neckline of the M at the HOD.
    -Short trade may now be confirmed.
    Example Scenario:
    -First Red Day presented yesterday.
    -Today, there was a peak formation LOW made in Asia.
    -Throughout the day, the market has moved up 3 levels and put a peak formation high in at the HOD.
    -Coming into the NY SESSION market traded back into the neckline of the M at the HOD.
    -Short trade may now be confirmed.
    Another Scenario:

    15M or 1H chart shows 3 levels of rise (counting consolidations, 3 pushes out of opening range, 3 days of breakouts).

    First Red Day Presents (or at the very least PEAK formation high at the high of week).

    On the day looking for 3 levels of rise for HOD Sell.

    Frame the day:

    5M puts in peak formation low at LOD and does 3 levels of rise.

    5M chart has NOT put in a high yet coming into the NY Session and continues to trade HIGHER

    Must wait for peak formation to form at HOD.


    When And Where To Draw Lines

    1. Peak Formation has NOT been created yet.


    a. Down Moving Market
    i. Down close candle, Upclose candle - Draw line at low of downclose candle and wait for market to trade back into the low.
    b. Up Moving Market
    i. Up close candle, down close candle - Draw line at the high of up close candle and wait for market to trade back into the high.
    c. For BOTH - Once you believe you are in level 3 and the market has began creating peak formation, pull up 100 pip box and see what level you are at.
    2. Peak formation was made earlier in session OR earlier in the day
    a. Draw line at the neckline of the M, W
    b. Observe what 100 pip box level the peak formation was created.
    c. Wait for price to trade back into that peak formation level in 3 pushes or levels of rise or fall.
    100 Pip Box
    - Can be used to observe 3 levels of rise or fall.
    - Used to see which level (100 pip box level) was the peak formation made (could become a potential strike zone).
    - Can be used to identify where the NEW peak formation is FORMING (again can become a potential strike zone.)
    Understand The Breakout Down - Narrow It Down!

    Put Simply:

    Signal ---> Setup forming ---> Entry


    Criteria is playing out ---> Entry

    You might also like