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NEW Candles Formation Trading -Petar Formation

  • #201
  • Aug 18, 2010 11:11am Aug 18, 2010 11:11am
Quoting Petar_Serbia
Pet,

Dont forget Buy on Daily,now we will go for Daily profit

already closed the daily buy when formation in H1 became valid and moreover i dont like the look of H4 so closed that trade already, im holding my sell positions on NZD$ for now, expecting to reach .7133/28 and looking out for opposing signals to quit, hope to get back on buy if H4 or daily comes back alive for bullish.

currently i see a valid buy setup in M5 charts, dont think it will hold so im still on sell with mental stop for now.
  • #202
  • Aug 18, 2010 11:11am Aug 18, 2010 11:11am
i added a parameter for tail length , by default the ratio is 0.25, that means the tail should be atleast 25% of the bar

thanks to the original auther Ducke Petardo
Attached File(s)
File Type: mq4 Petardo.mq4   5 KB | 378 downloads
  • #203
  • Aug 18, 2010 11:13am Aug 18, 2010 11:13am
Pet,How about showing us your live trading complete with the chart?

I mean whenever you want to live trade in your live account...You explain why you open that position, save + posting the chart here and what is the result later on.

It is because sometimes its quite different trading live than just learning by looking back at what has already happen...

Thank You...
  • #204
  • Aug 18, 2010 11:14am Aug 18, 2010 11:14am
Quoting pet
already closed the daily buy when formation in H1 became valid and moreover i dont like the look of H4 so closed that trade already, im holding my sell positions on NZD$ for now, expecting to reach .7133/28 and looking out for opposing signals to quit, hope to get back on buy if H4 or daily comes back alive for bullish.

currently i see a valid buy setup in M5 charts, dont think it will hold so im still on sell with mental stop for now.
Heh good thoughts,

I stil have buy acording daily i am now 50 pips plus i will , MY TP didnt hit for 14 pips i wasnt at home but its ok Hope NZDUSD wil back on buy soon

DO you see any setup on other pairs i cant see all pairs lol

Cheers
"Buy on fear, sell on greed !!!
  • #205
  • Aug 18, 2010 11:15am Aug 18, 2010 11:15am
EJ trade 1, 3 are losers

GU winner
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
Click to Enlarge Name: gu.gif Size: 14 KB
  • #206
  • Aug 18, 2010 11:18am Aug 18, 2010 11:18am
Quoting wira_chan
Pet,How about showing us your live trading complete with the chart?

I mean whenever you want to live trade in your live account...You explain why you open that position, save + posting the chart here and what is the result later on.

It is because sometimes its quite different trading live than just learning by looking back at what has already happen...

Thank You...
Wira i i know this is post for PET but look this isnt signal service we are here to discus about this formation no to put live trades or something like that..

He posted his trade from M15 http://www.forexfactory.com/showpost...&postcount=175

And he update that post that is profesional...

Welcome to thread btw

Cheers
"Buy on fear, sell on greed !!!
  • #207
  • Aug 18, 2010 11:19am Aug 18, 2010 11:19am
Quoting roundrock
EJ trade 1, 3 are losers

GU winner
I see many setups didnt match from EA as i said its very hard to program...



Anyway thanks for try
"Buy on fear, sell on greed !!!
  • #208
  • Aug 18, 2010 11:22am Aug 18, 2010 11:22am
Quoting wira_chan
Pet,How about showing us your live trading complete with the chart?

I mean whenever you want to live trade in your live account...You explain why you open that position, save + posting the chart here and what is the result later on.

It is because sometimes its quite different trading live than just learning by looking back at what has already happen...

Thank You...
My friend, most of my recent charts are live trades, both winning and losing, I have different trading account and moreover the point is not to show you how much I am making but for profitability of formation setup..

Dont forget nobody is working for anybody here even if it is past charts, just try to make an effort to study, it is not easy trading live and at the same posting charts as well, not everyone will do that for free, they are people selling snake-oil everywhere on the internet but i bet they dont have to explain themselves like this.
  • #209
  • Aug 18, 2010 11:24am Aug 18, 2010 11:24am
Quoting roundrock
EJ trade 1, 3 are losers

GU winner
Look,

Cable this week got many trades more are winers and that is based pure on formation also you can cobmaine as i said with Fibs with Market zones,you can work just on London and Ameria no on Asia to avoid range trading..When you know that all that is diferent view

YOur EA didnt match about 5,6 setups ..

Look >

Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: allsetups.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #210
  • Aug 18, 2010 11:32am Aug 18, 2010 11:32am
Good post PET everybody want to place Peter setup and wont good profit but why people don't wont to understand it is hard to find setup end write here whit chart so give him a break a little he post probably what he see .
  • #211
  • Aug 18, 2010 11:36am Aug 18, 2010 11:36am
Quoting Hazarder
Good post PET everybody wont to place Peter setup and wont good profit but why people don't wont to understand it is hard to find setup end write here whit chart so give him a break a little he post probably what he see .
Haha



My bro
"Buy on fear, sell on greed !!!
  • #212
  • Aug 18, 2010 11:37am Aug 18, 2010 11:37am
is this a valid candle formation for usd cad?? On daily chart
Attached Image
"Pippin aint easy"
  • #213
  • Aug 18, 2010 11:41am Aug 18, 2010 11:41am
Quoting Buitragojl
is this a valid candle formation for usd cad?? On daily chart
No my friend,currently we have sell formation on USDCAD from yesterday...Read first post we need 3 candles for pattern not 2



Cheers


Petar
"Buy on fear, sell on greed !!!
  • #214
  • Aug 18, 2010 11:44am Aug 18, 2010 11:44am
Ill Look for more to see if i can find set-ups! So i can better understand thank you!
"Pippin aint easy"
  • #215
  • Aug 18, 2010 11:46am Aug 18, 2010 11:46am
Quoting Buitragojl
Ill Look for more to see if i can find set-ups! So i can better understand thank you!
You are welcome my friend and hope you will learn from charts and examples...We are here to help each other and i work in that way always...






Cheers
"Buy on fear, sell on greed !!!
  • #216
  • Aug 18, 2010 11:55am Aug 18, 2010 11:55am
Petar, I am waiting for your answers...

Ducke
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5min.gif Size: 21 KB
  • #217
  • Aug 18, 2010 11:58am Aug 18, 2010 11:58am
exited all nzd$ sell,
  • #218
  • Aug 18, 2010 11:58am Aug 18, 2010 11:58am
both failed
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 14 KB
  • #219
  • Aug 18, 2010 12:00pm Aug 18, 2010 12:00pm
Ok right does pin bar at 50% also make a valid set-up ? dont want to stress you looking at all my post but im trying to find live set-up. This is 4HR G/Y
Attached Image
"Pippin aint easy"
  • #220
  • Aug 18, 2010 12:04pm Aug 18, 2010 12:04pm
all failed
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
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