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NEW Candles Formation Trading -Petar Formation

  • #81
  • Aug 17, 2010 12:06pm Aug 17, 2010 12:06pm
Quoting Petar_Serbia
Very good

Just to clear something >

Leading candle can finished at least 50 % also from Candle 2,important is to finish at least 50 % of candle 1 OR candle 2

ON your third point you say we waitng third candle yea,all we need is to finish isnt metter is with pin or withaout pin or is it berish or bullish stick important is to finish NO Higher from leading on sell example or no lower for buy example...That is ALL

All others you said is good


Cheers
Is The Leading Candle the same as the second candle?

Thanks
  • #82
  • Aug 17, 2010 12:08pm Aug 17, 2010 12:08pm
Quoting finally
Is The Leading Candle the same as the second candle?

Thanks
No,

We have Leading candle,Candle 1(left from Leading)and Candle 2(right from Leading) ...Thats is all
"Buy on fear, sell on greed !!!
  • #83
  • Aug 17, 2010 12:09pm Aug 17, 2010 12:09pm
Quoting finally
Is The Leading Candle the same as the second candle?

Thanks

The leading candle is the second candle in the formation but not candle 2, candle 2 is the third candle in the formation. The leading candle is leading as it signifies the turning point.
  • #84
  • Aug 17, 2010 12:16pm Aug 17, 2010 12:16pm
Quoting Petar_Serbia
No,

We have Leading candle,Candle 1(left from Leading)and Candle 2(right from Leading) ...Thats is all
Thanks Petar.
  • #85
  • Aug 17, 2010 12:16pm Aug 17, 2010 12:16pm
Quoting pet
The leading candle is the second candle in the formation but not candle 2, candle 2 is the third candle in the formation. The leading candle is leading as it signifies the turning point.
thanks Pet.
  • #86
  • Aug 17, 2010 12:18pm Aug 17, 2010 12:18pm
Quoting Petar_Serbia
2. Leading candle must be larger than 50 % (range between candle 1 or candle 2) of candle 1 or candle 2 . That mean Leading candle lows on sell example cant be lower than 50 % of candle bodies of candle 1 or candle 2.For example Candle 1 have range (Pips between High and Low) 100 pips that mean lows from Leading candle must be minimum 51 pips of range i mentoned.Important thing is we need min 50 % from one no for both or from candle 1 or from candle 2...Petar ......

see #1


A real pity that you haven't answer my first post at p.1 so I have delete it now. Instead of this you have make now some changements at p.1, #1 at your introduction in the meantime which are getting a little more clearer now, so it isn't my comment not of further interest.

and now..that remains to be seen!

Is it really true?,... I don't think so! I think you would say "of the whole candle (body + shadow)" ....

Kindest regards
FXcube
  • #87
  • Aug 17, 2010 12:24pm Aug 17, 2010 12:24pm
petar, very interesting
IT S FUN how people find almost same strategies at almost same time.. i was asking one guy these days from forum to make an EA for that...
however I was only looking at Bullish-Bearish-Bearish pattern (Bearish-Bullish-Bullish) .. + AwesomeOscillator filter//
the filter will miss good trades but on the other side it will take 90% sure that u will earn some good pips.. i will not tell it exactly but its not hard to notice if u study charts...
if he agrees, we can maybe work together with you?
  • #88
  • Aug 17, 2010 12:25pm Aug 17, 2010 12:25pm
Quoting Forexcube

see #1


A real pity that you haven't answer my first post at p.1 so I...


Hmm,

Wich question i realy didnt see that post,i will glad answer on your question and i dont know why you guys so nervouse...I didnt see anyone said good being,or great work or sometnig like that,i heard just very agresive guys,expext some ...I try to explain you guys i work all for you,but i see better is to trade for yourself becouse some of you cricit all this and post very agresive.

Firsting first if you cant learn from pictures more than 15 pictures i posted than i cant help you...Sorry

I am not mashine if i didnt answer to someon...

EDIT > I see on that word i made mistake but continue read that part
For example Candle 1 have range (Pips between High and Low) 100 pips that mean lows from Leading candle must be minimum 51 pips of range i mentoned.Important thing is we need min 50 % from one no for both or from candle 1 or from candle 2...Petar ......

Petar
"Buy on fear, sell on greed !!!
  • #89
  • Aug 17, 2010 12:29pm Aug 17, 2010 12:29pm
Well, think I've got all the rules down now, except for defining a pin bar.

Would this qualify as a definition, Petar?

1. The body of the candle must not be more than 50% ( or a different percentage?) of the total candle. In other words, Open-close / High - Low must be =< 50%.
2. For sell setups, then the close should be in the bottom half of the candle. ( Bearish pin?)
3. For buy setups, the close should be in the top half of the candle. (Bullish Pin?)

Thanks
  • #90
  • Aug 17, 2010 12:34pm Aug 17, 2010 12:34pm
Quoting Pardy
Well, think I've got all the rules down now, except for defining a pin bar.

Would this qualify as a definition, Petar?

1. The body of the candle must not be more than 50% ( or a different percentage?) of the total candle. In other words, Open-close / High - Low must be =< 50%.
2. For sell setups, then the close should be in the bottom half of the candle. ( Bearish pin?)
3. For buy setups, the close should be in the top half of the candle. (Bullish Pin?)

Thanks


I cant alone Look Finaly posted ok

http://www.forexfactory.com/showpost...5&postcount=79

and my litle corection

http://www.forexfactory.com/showpost...6&postcount=80

That is all :O i dont know where is the confuse...

You can see from my 15 examples ....I thought you will undestand better but i was wrong
"Buy on fear, sell on greed !!!
  • #91
  • Aug 17, 2010 12:41pm Aug 17, 2010 12:41pm
I dont undestnad how you dont undersntad from picture i posted :O:unamused:






Just calculate,

This is exmaple when candle 1 met rule of min 50 %



LOOK >
Attached Image (click to enlarge)
Click to Enlarge Name: calculate.gif Size: 17 KB
"Buy on fear, sell on greed !!!
  • #92
  • Aug 17, 2010 12:50pm Aug 17, 2010 12:50pm
Quoting Petar_Serbia


I cant alone Look Finaly posted ok

http://www.forexfactory.com/showpost...5&postcount=79

and my litle corection

http://www.forexfactory.com/showpost...6&postcount=80

That is all :O i dont know where is the confuse...

You can see from my 15 examples ....I thought you will undestand better but i was wrong
I think its just a bit of communication problem, that's all. I have, as I said, the rules pretty clear, but just wanted to clarify the bearish/ bullish pin bar that you later brought in as another rule.
If you are now saying that is not important, thats OK.

Thanks for your effort.
Pardy
  • #93
  • Aug 17, 2010 12:52pm Aug 17, 2010 12:52pm
Quoting Petar_Serbia


Hmm,

Wich question i realy didnt see that post,i will glad answer on your question and i dont know why you guys so nervouse...I didnt see anyone said good being,or great work or sometnig like that,i heard just very agresive guys,expext some ...I try to explain you guys i work all for you,but i see better is to trade for yourself becouse some of you cricit all this and post very agresive.

[color=Red]Firsting first if you cant learn from pictures more than 15 pictures i posted than i cant help...
see #1


That wasn't my question.

Thanks that you make me so stupid.


This was my question!

A real pity that you haven't answer my first post at p.1 so I have delete it now. Instead of this you have make now some changements at p.1, #1 at your introduction in the meantime which are getting a little more clearer now, so it isn't my comment not of further interest.

and now..that remains to be seen!

Is it really true?,... I don't think so! I think you would say "of the whole candle (body + shadow)" ....


Quoting Petar_Serbia
...but i see better is to trade for yourself
I've understand!

Good-buy!
  • #94
  • Aug 17, 2010 1:04pm Aug 17, 2010 1:04pm
Quoting Forexcube
see #1


That wasn't my question.

Thanks that you make me so stupid.


This was my question!

A real pity that you haven't answer my first post at p.1 so I...
I posted picture there is answer...I didnt said you are stupid if you think like that ok...I posted this to help traders if this can help to them i am happy...If you want contribute ok if you dont want please leave thread,here are guys wich want to learn something new...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #95
  • Aug 17, 2010 1:04pm Aug 17, 2010 1:04pm
If I may try to help here. Some people are stressing the idea that you MUST have this absolute perfect pin bar as a leading candle. Petar you will have to correct my mistakes but I feel that Petar is not stressing a PERFECT pin for a leading candle. He just wants it to show failure, have some good shadow to it. I hope that clears it up. Don't worry about how great the pin is, just that it has good failure and of course that can be trader's discretion. As he said this is a great way to confirm your other trades, not necessarily to trade this setup SOLELY. This is how I understand it. Good luck traders!
  • #96
  • Aug 17, 2010 1:05pm Aug 17, 2010 1:05pm
Quoting Pardy
I think its just a bit of communication problem, that's all. I have, as I said, the rules pretty clear, but just wanted to clarify the bearish/ bullish pin bar that you later brought in as another rule.
If you are now saying that is not important, thats OK.

Thanks for your effort.
Pardy
Pardy i agree communication problem becouse i said English isnt my main lang and i cant explain well all what i want to say that is why i post charts and i hope you will undestand ...


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #97
  • Aug 17, 2010 1:07pm Aug 17, 2010 1:07pm
Quoting Josh44
If I may try to help here. Some people are stressing the idea that you MUST have this absolute perfect pin bar as a leading candle. Petar you will have to correct my mistakes but I feel that Petar is not stressing a PERFECT pin for a leading candle. He just wants it to show failure, have some good shadow to it. I hope that clears it up. Don't worry about how great the pin is, just that it has good failure and of course that can be trader's discretion. As he said this is a great way to confirm your other trades, not necessarily to trade this setup...
Finaly ,

Josh44 you are smart guy...

That is i talked about Pin...


Cheers and thanks
"Buy on fear, sell on greed !!!
  • #98
  • Aug 17, 2010 1:09pm Aug 17, 2010 1:09pm
Quoting Petar_Serbia
Pardy i agree communication problem becouse i said English isnt my main lang and i cant explain well all what i want to say that is why i post charts and i hope you will undestand ...


Cheers


Petar
Not a problem, there are sometimes communication problems even if it is your first language, lol. Just eyeballing it seems quite good actually. Thanks for posting all those charts.

Pardy
  • #99
  • Aug 17, 2010 1:26pm Aug 17, 2010 1:26pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
Pardy i agree communication problem becouse i said English isnt my main lang and i cant explain well all what i want to say that is why i post charts and i hope you will undestand ...


Cheers


Petar
I really appreciate your efforts to show and explain your system. Even if it is hard for you to explain it in English language you still try to help.
We may have different native languages but we should all understand the language of charts. Petar posted lots of charts with examples. So go through these to get a better understanding should make things clearer.
Just post your own chart in here then if you spottet a setup and sure Petar will comment if it is a valid one or not.

"Blue Horseshoe loves Anacott Steel!"
  • #100
  • Aug 17, 2010 2:37pm Aug 17, 2010 2:37pm
here are my examples.....It is not that hard find setups,<oust read twice the rouls. I love to smaller time frame....aolso work....this is 5 min chart.
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