NEW Candles Formation Trading -Petar Formation | Page 7 | Forex Factory

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NEW Candles Formation Trading -Petar Formation

  • #121
  • Aug 17, 2010 4:04pm Aug 17, 2010 4:04pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
my bro

ya. so many visitors..
joined Forexfactory feed on facebook. they post the "Hot threads" (I think the ones with many watchers/posters...)
and guess what popped up there some hours ago
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"Blue Horseshoe loves Anacott Steel!"
  • #122
  • Aug 17, 2010 4:14pm Aug 17, 2010 4:14pm
Quoting Tuner
ya. so many visitors..
joined Forexfactory feed on facebook. they post the "Hot threads" (I think the ones with many watchers/posters...)
and guess what popped up there some hours ago
For me main thing that is we have new formation


Lets play guys
"Buy on fear, sell on greed !!!
  • #123
  • Aug 17, 2010 4:20pm Aug 17, 2010 4:20pm
petar, this is awsome stuff, do not understand it fully yet, but i will work it out, i am a priceacton trader, so understand this stuff fairly well, you must be exausted having to answer al these questions!!, excellent excellent work.!
  • #124
  • Aug 17, 2010 4:24pm Aug 17, 2010 4:24pm
Quoting highlander2
petar, this is awsome stuff, do not understand it fully yet, but i will work it out, i am a priceacton trader, so understand this stuff fairly well, you must be exausted having to answer al these questions!!, excellent excellent work.!
You are welcome my friend,

We will earn pips together,why not ?



Key is MM,use good MM and everyting will be ok...
"Buy on fear, sell on greed !!!
  • #125
  • Aug 17, 2010 4:35pm Aug 17, 2010 4:35pm
XAUUSD loos also good we will see,i dont work this pair but we will see...








Cheers


Petar
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"Buy on fear, sell on greed !!!
  • #126
  • Edited 4:51pm Aug 17, 2010 4:39pm | Edited 4:51pm
So I understand the rules of the system. Is Correct?

Ducke
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Attached File(s)
File Type: mq4 Petardo.mq4   4 KB | 405 downloads
  • #127
  • Aug 17, 2010 4:43pm Aug 17, 2010 4:43pm
Quoting ducke
So I understand the rules of the system. Is Correct?

Ducke
Heh cool but why is indicator hard to design...WE need pin for leading candle i see you have some setups with no pin on leading candle that will be hard to program...But anyway thanks for post


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #128
  • Aug 17, 2010 4:49pm Aug 17, 2010 4:49pm
I didnt know but this works good on any frame if you use with sup-res confirm this is very powerfull





Look today EURUSD >


Cheers


Petar
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"Buy on fear, sell on greed !!!
  • #129
  • Aug 17, 2010 5:02pm Aug 17, 2010 5:02pm
Guys now i go to sleep...


Post you trades and questions i will answer tomorow...






Good night


Petar
"Buy on fear, sell on greed !!!
  • #130
  • Edited 8:10pm Aug 17, 2010 6:44pm | Edited 8:10pm
Quoting Petar_Serbia
WE need pin for leading candle i see you have some setups with no pin on leading candle
When you talk about your PIN, you mean the PIN BAR (Price Action)?



Ducke
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  • #131
  • Aug 17, 2010 9:35pm Aug 17, 2010 9:35pm
this pinbar is slightly different from classic pinbars we see in j16 or any other place.

to take long, the difference between low and close should be more than 30% of the total bar height (hi-lo). petar never mentioned 30%, but make it as a parameter, we can change it

same thing for short. the wick should be 30% of bar height
  • #132
  • Edited 10:08pm Aug 17, 2010 9:54pm | Edited 10:08pm
I think I got it ? Maybe?



Example three might be invalid because leading candle larger than candle 2

Edit:
Based on examples given on first page by Petar leading candle can be larger than candle 1 and 2
leading candles low cannot be lower than lows of candles 1 and 2 so this
example should be vaild
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  • #133
  • Aug 17, 2010 10:31pm Aug 17, 2010 10:31pm
thx for sharing i will follow the topic and will let you know.

thx again
  • #134
  • Aug 18, 2010 12:47am Aug 18, 2010 12:47am
I got questions for you petar.

Let say I'm looking for buy setup.

1. Leading candle must have lower LOW than both candle 1 and candle 2?
2. Leading candle range (HIGH-LOW) MUST be minimum of 50% than candle 1 OR 2. What if it MORE?
3. Leading candle must have higher HIGH than both candle 1 and 2?
  • #135
  • Aug 18, 2010 1:26am Aug 18, 2010 1:26am
based on my understanding so far, these are the rules for long trade

bar length = hi-lo


1. middle bar (leading bar) length should be less than bar1, bar2 lengths

2. candle1 high should be less than middle bar high, candle2 high should be less than middle bar high

3. middle bar low should have gone below 50% of the candle1 bar length from the top. OR. middle bar low should have gone below 50% of the candle2 bar length from the top

4. candle1 low should be less than mddle bar low. candle2 low should be less than mddle bar low

5. middle bar should have a pin at the top. the pin height is subjective. longer the pin, stronger the signal. if this is a bullish bar, then the difference between high and close should be atleast 25% of bar length. if its bearsih, then difference between high and open should be atleast 25% of bar length.


opposite for short signal
  • #136
  • Aug 18, 2010 2:43am Aug 18, 2010 2:43am
Quoting roundrock
based on my understanding so far, these are the rules for long trade

bar length = hi-lo


1. middle bar (leading bar) length should be less than bar1, bar2 lengths

2. candle1 high should be less than middle bar high, candle2 high should be less than middle bar high

3. middle bar low should have gone below 50% of the candle1 bar length from the top....
1. I can't comment on this one since I'm not very sure as well.

2. I think you got it absolutely wrong here. Leading candle should have lower HIGH compare to candle1 n candle2

3. I interpreted petar rules about this as it's enough if leading bar range (HIGH - LOW) is at least 50% from candle 1 range. If candle1 = 50p, leading bar atleast 26p.

4. I think this is the opposite of 2. Lower LOW for leading candle compare to candle1 and candle2.

5. I'm confuse about this as well.
  • #137
  • Aug 18, 2010 3:02am Aug 18, 2010 3:02am
this is very confusing.....

someone please write the method for this system in simple english bullet points ? including all the changes petar has made such as pin bars etc.

please, a complete version of it in simple language will really help.


regards
  • #138
  • Aug 18, 2010 3:04am Aug 18, 2010 3:04am
Quoting Petar_Serbia
Aragorn slowly litle

First we need to practice and practice than we will see.. For now no EA...



Cheers and welcome to the thread


Petar
I asked it because if u saw taht this strategy works, instead to see in real time, u could make an EA to see if really works (more rapidly)
  • #139
  • Aug 18, 2010 3:43am Aug 18, 2010 3:43am
the conditions i mentioned above are for short. not long

sorry for confusion
  • #140
  • Aug 18, 2010 4:19am Aug 18, 2010 4:19am
Morning guys,


I see all my trades from yesterday finished in plus i will upload charts and answer on questions




Petar
"Buy on fear, sell on greed !!!
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