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NEW Candles Formation Trading -Petar Formation

  • #221
  • Aug 18, 2010 12:06pm Aug 18, 2010 12:06pm
new buy setup, saw it late though due big candles, hopefully this should be in sync with yesterday buy setup on daily charts.
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  • #222
  • Aug 18, 2010 12:08pm Aug 18, 2010 12:08pm
all failed except last one
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  • #223
  • Aug 18, 2010 12:10pm Aug 18, 2010 12:10pm
Quoting roundrock
all failed except last one
So is the system not working?
  • #224
  • Aug 18, 2010 12:11pm Aug 18, 2010 12:11pm
Quoting roundrock
all failed except last one
WTF lol,


What you posting lol ?

What faild ?
"Buy on fear, sell on greed !!!
  • #225
  • Aug 18, 2010 12:11pm Aug 18, 2010 12:11pm
Quoting Petar_Serbia
Pet,

Dont forget Buy on Daily,now we will go for Daily profit
hey, Petar, hows the pips coming on?

now I am buying nzdusd, looks it is resuming the rally from yestrdays formation on daily..

I have a few other setups but like this nzdusd as it is really doing me well atm
  • #226
  • Aug 18, 2010 12:12pm Aug 18, 2010 12:12pm
Quoting pet
new buy setup, saw it late though due big candles, hopefully this should be in sync with yesterday buy setup on daily charts.
pet, what TF you trade using this setup ? is there any particular TF that works best. also what pair works best ?
  • #227
  • Aug 18, 2010 12:13pm Aug 18, 2010 12:13pm
Quoting ferndog
So is the system not working?
why dont check for yourself and make decision if it is working or not, if you cant do that then go and buy snake-oil on the internet, you just might get lucky to find one of the very few who actually have snake-oil but that is not after giving your money at many salesmen first.. lolz

trust me buddy, do your research, cheers
  • #228
  • Aug 18, 2010 12:16pm Aug 18, 2010 12:16pm
all failed except last
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  • #229
  • Aug 18, 2010 12:16pm Aug 18, 2010 12:16pm
Quoting Buitragojl
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
Yea that is good one
"Buy on fear, sell on greed !!!
  • #230
  • Aug 18, 2010 12:24pm Aug 18, 2010 12:24pm
Thank you Petar for your Help very wonderful for you to share knowledge. We must understand no system is perfect but all we need it to be is 51% in forex correct with Good MM. Good luck to everyone, and Green Pips!
"Pippin aint easy"
  • #231
  • Aug 18, 2010 12:26pm Aug 18, 2010 12:26pm
Quoting roundrock
all failed except last
Hmm Where is the point?


Firsting first this isnt system this is formation also i must say what faild you talk lol

I use this formation to help me to find good setup in my price action trading,and again you can place SL where you want according your apetit of risk and acording your strategy...


These post is totaly unusefull >

Petar
"Buy on fear, sell on greed !!!
  • #232
  • Aug 18, 2010 12:30pm Aug 18, 2010 12:30pm
Quoting roundrock
all failed except last
Look this,many good setups >



WE can post good and bad trades all day but that doesnt have point..POint is to learn to trade with this formation,this formation is for me very usefull and i hope it will be for some of you...

Traders help traders

Enjoy
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"Buy on fear, sell on greed !!!
  • #233
  • Aug 18, 2010 12:33pm Aug 18, 2010 12:33pm
Quoting pet
hey, Petar, hows the pips coming on?

now I am buying nzdusd, looks it is resuming the rally from yestrdays formation on daily..

I have a few other setups but like this nzdusd as it is really doing me well atm
Hey,

Good my friend,

75 pips + NZDUSD i waiting for 120 pips this trade we will see,I put Sl at BE...

Cheers
"Buy on fear, sell on greed !!!
  • #234
  • Aug 18, 2010 12:33pm Aug 18, 2010 12:33pm
I prefer to put my SL 10-20 pips under pin bar of "mother candle" but of course this is totally up to individual making trade.
"Pippin aint easy"
  • #235
  • Aug 18, 2010 12:34pm Aug 18, 2010 12:34pm
Quoting roundrock
pet, what TF you trade using this setup ? is there any particular TF that works best. also what pair works best ?
I think I should be quick to say that not all my decisions are solely based on the formation as you can see from lines on my charts, but looking back trading naked only with this formation would not have been bad as well and maybe even better.. ie on my last sell trades on NZDUSD posted before would be closed the trades earlier when opposing setup occured in M5 and M15.

It would seem H4 and Daily are most relaible, some excellent trades can be taken even against the setup trend in larger TF if diclipine enough, i think.

I would suggest as Petar said before formations occuring around support/ressitance stands a better chance of success with strict MM. so the best trap will be to have support and ressitance and find signals in that area, hope it makes sense..
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  • #236
  • Aug 18, 2010 12:40pm Aug 18, 2010 12:40pm
Quoting roundrock
all failed except last
GOod example how we can avoud bad setups >



Simply look >

This is pure price action with sup res zone and one Diagonal trendline no sell till triangle...


That is i said you must practice this ...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #237
  • Aug 18, 2010 12:42pm Aug 18, 2010 12:42pm
Quoting pet
I think I should be quick to say that not all my decisions are solely based on the formation as you can see from lines on my charts, but looking back trading naked only with this formation would not have been bad as well and maybe even better.. ie on my last sell trades on NZDUSD posted before would be closed the trades earlier when opposing setup occured in M5 and M15.

It would seem H4 and Daily are most relaible, some excellent trades can be taken even against the setup trend in larger TF if diclipine enough, i think.

I would suggest as...
Abolustly my friend this isnt some kind of Holy grail this is good formation wich can help us to trade safer in this Market...

I trade on key levels with this formation if i dont have this formation i dont pick trades...

Cheers

Looks good soon i expext TP of 120 pips on NZDUSD
"Buy on fear, sell on greed !!!
  • #238
  • Aug 18, 2010 12:45pm Aug 18, 2010 12:45pm
Quoting Petar_Serbia
GOod example how we can avoud bad setups >



Simply look >

This is pure price action with sup res zone and one Diagonal trendline no sell till triangle...


That is i said you must practice this ...


Cheers

Petar

thanks a very good example on chart showing when not to trade a setup
  • #239
  • Aug 18, 2010 12:51pm Aug 18, 2010 12:51pm
Quoting ducke
Petar, I am waiting for your answers...

Ducke
I just saw your post >

I dont undestand questions on your chart ?


Read first post and my examples and explanations...



Petar
"Buy on fear, sell on greed !!!
  • #240
  • Aug 18, 2010 12:56pm Aug 18, 2010 12:56pm
Quoting Petar_Serbia
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
i checked my code, the reason why i am not getting those signals is because leading bar must be smaller than candle1 and candle2. the total bar length (hi-lo) of leading should be less than candle1 and candle2

apply this rule then all your extra signals will vanish

i trust my code than my eyes. if there is a rule, i must follow it. even 1 pip is important

only way to make this system profitable is not take all system trades. use sup/res, tl, fib and other price action methods
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