NEW Candles Formation Trading -Petar Formation | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Calculating only buy candles vs sell candles 2 replies

candles and trading lines 42 replies

Weekly charts trading (candles/bars) 2 replies

Daily Strategy Trading Journal - Trendlines, Candles & Channels 35 replies

Attachments: NEW Candles Formation Trading -Petar Formation
Exit Attachments

NEW Candles Formation Trading -Petar Formation

  • #381
  • Aug 19, 2010 12:30pm Aug 19, 2010 12:30pm
Quoting Dezil
Here is new version of my indi, where I solved 50% issue. There was one mistype in the code. Now it should be OK.

Other improvements will be made when i have free time? but at leas now it shows right setups in accordance to rules i hope

Nice work Dezil just how I can put on Your indi (alarm)which TF i look .
Example -ALARM-
time-eurjpy -long setup---M30&H1&H4

Thank you very much

  • #382
  • Aug 19, 2010 12:42pm Aug 19, 2010 12:42pm
I took very small position on Cable buy becouse now London is closed and just one Market work that is why i take very small position and i go for 30 pips in this trade...






Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cablenoww.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #383
  • Aug 19, 2010 12:58pm Aug 19, 2010 12:58pm
This is most important thing in Forex >


Pay attention here this is the most important area of trading if you get this wrong you cannot be a trader. It won’t work, take my word for I know so don’t even try to not follow proper money management. Why do people insist on doing things that don’t work, I don’t know, If you don’t follow money management you are gambling, in gambling you lose unless you get lucky. Remember we are traders not gamblers.
Money Management is protecting your account, it is that simple protect your account. You protect your account by managing risk. Before you ever make a trade determine the maximum dollar risk and the total % that it is in you account. Let me say that again because that is the most important rule in trading. Before you ever make a trade determine the maximum dollar risk and the total % that it is in you account.
How much Should you Risk?
It can be anywhere from 1 to 5% I personally like 1% because I can still easily make my profit goal of 5% per week. Trading is not get rich quick. It is a slow take profit from the market over time the ones that have patience are the ones that will be successful. However 5% is still low enough that if you follow it you will not wipe out your account. Remember to adjust the risk and figure it out after every trade because after every trade your account balance changes.
This is also where risk to reward helps you if your win 3 times more than your losses than you can lose 50% of the time and still be profitable. That helps grow your bank account by making a larger pip count.

Alaways use good MM and trade just high probaility trades for your opinion,also dont trade all day..If you take some pips go fishing and relax you will always have tomorow..

Petar
"Buy on fear, sell on greed !!!
  • #384
  • Aug 19, 2010 1:04pm Aug 19, 2010 1:04pm
last trade of the day

2postions SELL, 1 position R/R:1:1 the other 2:1

will see how ig goes, thanks guys

..cant complain.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpyend.gif Size: 33 KB
  • #385
  • Aug 19, 2010 1:11pm Aug 19, 2010 1:11pm
Quoting pet
last trade of the day

2postions SELL, 1 position R/R:1:1 the other 2:1

will see how ig goes, thanks guys

..cant complain.
Pet Where are you my friend ?


I also have Jen sell from 110 eurjpy SL at be now we will see...


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: euros.gif Size: 13 KB
"Buy on fear, sell on greed !!!
  • #386
  • Aug 19, 2010 1:21pm Aug 19, 2010 1:21pm
Quoting pet
last trade of the day

2postions SELL, 1 position R/R:1:1 the other 2:1

will see how ig goes, thanks guys

..cant complain.
Be carefull my friend,

Everyting i see is many pins and no clear demand zone (sup-res) for me but if you think that you have confrim ok


Petar
"Buy on fear, sell on greed !!!
  • #387
  • Aug 19, 2010 1:24pm Aug 19, 2010 1:24pm
looks interesting dude. lets check it eh
  • #388
  • Aug 19, 2010 1:33pm Aug 19, 2010 1:33pm
Guys we need litle relax >



Listen and Enjoy >



Inserted Video




Petar
"Buy on fear, sell on greed !!!
  • #389
  • Aug 19, 2010 1:35pm Aug 19, 2010 1:35pm
That for sure

Best,
FlyerLV

Quoting Dezil
He has to write a book to cover all this
  • #390
  • Aug 19, 2010 1:45pm Aug 19, 2010 1:45pm
Quoting Hazarder
Nice work Dezil just how I can put on Your indi (alarm)which TF i look .
Example -ALARM-
time-eurjpy -long setup---M30&H1&H4

Thank you very much

Hi, did not quite understand your question. At this stage my indi only can show signals and alerts from TF of open chart. So to receive signals from many TF you have to open corresponding number of charts ex. M30,H1,H4 etc. Or you can switch TF to quickly check if there is new signal.
I do not plan to make dashboard at this moment, i just have no time for that. Maybe in future i'll make some improvemets to search signals on many timeframes
  • #391
  • Aug 19, 2010 2:01pm Aug 19, 2010 2:01pm
Quoting tfflyer
That for sure

Best,
FlyerLV
Name of the book will be Forex Hospital
"Buy on fear, sell on greed !!!
  • #392
  • Aug 19, 2010 2:03pm Aug 19, 2010 2:03pm
Thanks Dezil to You too for this indi!
Just great tool for pattern recognazation and no need to folow all time screen.. however - i folow it all time

To all others i suggest to look at Your setups and find the best setups, otherwise You will get many looses.

Have a good tarding and learning boys and girls!

Best,
Flyer


Quoting Dezil
Hi, did not quite understand your question. At this stage my indi only can show signals and alerts from TF of open chart. So to receive signals from many TF you have to open corresponding number of charts ex. M30,H1,H4 etc. Or you can switch TF to quickly check if there is new signal.
I do not plan to make dashboard at this moment, i just have no time for that. Maybe in future i'll make some improvemets to search signals on many timeframes
  • #393
  • Aug 19, 2010 2:42pm Aug 19, 2010 2:42pm
I will try now USDCAD again,still looks like a high potencial we will see






Cheers



Petar
Attached Image (click to enlarge)
Click to Enlarge Name: usdcado.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #394
  • Aug 19, 2010 2:43pm Aug 19, 2010 2:43pm
pet friend ... check in GBP-JPY has much risk.

greetings.
Attached Image (click to enlarge)
Click to Enlarge Name: l.j.gif Size: 31 KB
  • #395
  • Aug 19, 2010 2:59pm Aug 19, 2010 2:59pm
Quoting porfirio
pet friend ... check in GBP-JPY has much risk.

greetings.
Porfirio everyone has own vision,he decided and will falow trade and thats it ...
"Buy on fear, sell on greed !!!
  • #396
  • Aug 19, 2010 3:02pm Aug 19, 2010 3:02pm
may be a good system, but definitely very difficult to trade with, since a lot of discretion are definitely required beyond "i'll enter upon spotting a signal...".

c'mon, don't you see it on chart that few of these setups are profitable?

at the end of day, it is like any business on the earth: more than 90% of ppl are finally losers.

not to discourage but to improve it:

this candle pattern needs some other filter, the direction ducke goes is the promising one.
  • #397
  • Aug 19, 2010 3:10pm Aug 19, 2010 3:10pm
Most important thing in my succesufll trading is pick just High probability trades and use good MM >


In my opoinion i think that we have 3 types of setups never mind wich strategy you use >

1. Trades based on lucky (usually unlearned people trade on that way)

2. Trades based on laging indicators.Most of traders use that kind of indicators,
i got many mails every day,some of these mails are like my comercial indi show me buy signal but price go down lol.Many poeples still thing they can earn withaout learning,remember knowledge is main factor.

3. Trades based on price action and naturals number (Fib)

I use third with huge succes and i hope all of you will do the same...


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #398
  • Aug 19, 2010 3:16pm Aug 19, 2010 3:16pm
Quoting charvo
may be a good system, but definitely very difficult to trade with, since a lot of discretion are definitely required beyond "i'll enter upon spotting a signal...".

c'mon, don't you see it on chart that few of these setups are profitable?

at the end of day, it is like any business on the earth: more than 90% of ppl are finally losers.

not to discourage but to improve it:

this candle pattern needs some other filter, the direction ducke goes is the promising one.
Charvo,

You must learn to trade with this formation,this isnt holy grail or something like that.Like all patterns Butefly,Gartley,type of candles Doji,Morning start,you cant trade all this if you dont know how to use it and if you dont know price action trading.

With this formation we can clearly see retrace points and that is important...I will tell you one thing for me this is best formation i have ever traded becouse i have this year huge succes as like last year.

This week i dont have a looser trade and just pick high probality trades for me...


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #399
  • Aug 19, 2010 3:18pm Aug 19, 2010 3:18pm
My intention is to assist and help me make pips ... from there to warn of the risk of entry.

is better to wait for the opening of the Asian session to have volatility and see if the brackets are broken ... just pretend to help and assist me

greetings
  • #400
  • Aug 19, 2010 3:28pm Aug 19, 2010 3:28pm
peter serbia... I am applying your rules also ... thanks

and was thinking that maybe we should start seeing in D1 formations and go down in TF (h4 or h1 or m30...) seeking to confirm the entry configurations
Attached Image (click to enlarge)
Click to Enlarge Name: l.j.gif Size: 31 KB
0 traders viewing now