NEW Candles Formation Trading -Petar Formation

Quoting Tuner

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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.

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Quoting mistersimple

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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?

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Quoting more

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hi petar,

i wanted to create an indicator which shows all "petar-formations" but i still have not understand it. to understand it easier, i call the candles: candle1, candle2, candle3 (from left to right).

short-setup:
1) High(candle2) > High(candle1) and High(candle2) > High(candle3)
2) Close(candle2) < High(candle1) - (High(candle1)-Low(candle1))/2
3) Close(candle2) < High(candle3)

is that mathematically correct?

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Quoting finally

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Petar, thanks for an interesting idea.
How long have you been trading this system and do you trade it live or on demo?

Thanks,

Michael

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Quoting mistersimple

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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?

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Quoting aragorn73

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Can't u make a an EA using your strategy ?

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Quoting pet

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NZD DAILY ~ out of 18 trades, with stoploss +/- 1pips ontop or below leading candle with all trades entered after close of candle 2 will have generated 13wins and 5 losses(more than 70%), with minumum target of atleast Risk/reward 1:1, most of the winning trades have greater profit ratios.

Trades can be improved, when scaling is used, maybe after the R.R.1.1 target met to let profit run till a valid oppposing formation occurs

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Quoting Petar_Serbia

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That i wrote...

We are here to test and to trade with this pattern,this pattern can help us for good setups...Good chart i dont like much indies but your is ok,you use Gravity that is good indi but you must know to work with that indi...


Good profit factor

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Quoting more

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@petar: High(candle1) means the high of the left candle.
Close(candle2) means the close of the middle candle.
And high(candle3) means the high of the right candle.

it's not so hard...

maybe someone else could also have a look at my question if you would like to have an indicator.

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Quoting Josh44

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Petar look at all of the people viewing the thread. ooooooooo

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Quoting Josh44

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Petar look at all of the people viewing the thread. ooooooooo

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Quoting mfoste1

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petar is a f@cking rock star

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Quoting Petar_Serbia

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Again look chart,i know when i posted thread many of you wont undestand becouse for this you must trade 1,2,3,4 weeks to undestand well.You must practice and than everyting will be clear.This is for guys wich have patinace to learn and to practice,who dont have its ok ..



Picture >


Petar

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