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NEW Candles Formation Trading -Petar Formation

  • #401
  • Aug 19, 2010 3:31pm Aug 19, 2010 3:31pm
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.
You'll find that filtering a losing system only results in a losing system, with filters.
  • #402
  • Aug 19, 2010 3:34pm Aug 19, 2010 3:34pm
Quoting porfirio
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
Yep that is what i talked you will pick trade wich looks beter and wich have High probality Daily looks good for buy,tomorow is Friday better is to wait Monday next week than we will see situation,or you can pick small trade now...

Every day you will find good setups on smaller frames,you will also find good on larger frames but not every day of course and that is why this formation can help,he told us when we have chance to place our trades and with our knowledge about price action its very clear picture


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #403
  • Aug 19, 2010 3:41pm Aug 19, 2010 3:41pm
peter ... Entro M1 ... Hoy he hecho muchos pips a la venta .... pero como usted verá en el gráfico de la tendencia empieza a cambiar y espero .... gracias a su sistema pips'm aún más haciendo la lectura que hizo antes .... Gracias
Attached Image (click to enlarge)
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  • #404
  • Aug 19, 2010 3:43pm Aug 19, 2010 3:43pm
sorry... traductor google ;-)

peter ... I enter M1 ... Today I made many pips for sale .... but as you'll see on the graph the trend begins to change and I expect .... thanks to your system even more pips'm doing the reading you did before .... Thank you
  • #405
  • Aug 19, 2010 3:47pm Aug 19, 2010 3:47pm
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
Like on this pictures
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  • #406
  • Aug 19, 2010 3:51pm Aug 19, 2010 3:51pm
Quoting porfirio
sorry... traductor google ;-)

peter ... I enter M1 ... Today I made many pips for sale .... but as you'll see on the graph the trend begins to change and I expect .... thanks to your system even more pips'm doing the reading you did before .... Thank you
You are welcome ,


Post your trades,idea,examples we will together make pips


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #407
  • Aug 19, 2010 4:04pm Aug 19, 2010 4:04pm
For my veiw USD will be weak next week and i closed my short on EURJPY with 70 pips + i took 1 :1 RRR

Now i have cable for 30 pips,that is setup for Asia sesion,and HIgh probality trade on daily EURUSD,we have good SUPREZ zone , we got our formation 4 days before and this will be interesting to watch...



This is picture >




Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #408
  • Aug 19, 2010 4:31pm Aug 19, 2010 4:31pm
peter .... I'm with you, next week will look if EUR-USD remains bullish ... but we must wait to enter
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  • #409
  • Aug 19, 2010 4:41pm Aug 19, 2010 4:41pm
Quoting porfirio
peter .... I'm with you, next week will look if EUR-USD remains bullish ... but we must wait to enter
OK pofirio,

Just when you post chart try to focus on formation becouse this is thread about Formation setups

Cheers




Petar
"Buy on fear, sell on greed !!!
  • #410
  • Aug 19, 2010 4:47pm Aug 19, 2010 4:47pm
ok my friend... sorry ;-)
  • #411
  • Aug 19, 2010 5:28pm Aug 19, 2010 5:28pm
Hi Petar,

I am a little confused about your EUR/USD chart. You said there is a high probability trade setting up on this pair. Is it a buy setup? Did you enter this trade?

I also see a sell setup now. Am I not correct?

Cheers,
Learn2b
  • #412
  • Aug 19, 2010 5:57pm Aug 19, 2010 5:57pm
Quoting Learn2b
Hi Petar,

I am a little confused about your EUR/USD chart. You said there is a high probability trade setting up on this pair. Is it a buy setup? Did you enter this trade?

I also see a sell setup now. Am I not correct?

Cheers,
Learn2b

Yes, you are correct. However I would stay out of trading E/U at the moment as it is bouncing against strong daily trendline. Better wait for clear direction on this pair.
  • #413
  • Aug 19, 2010 6:11pm Aug 19, 2010 6:11pm
Quoting Learn2b
Hi Petar,

I am a little confused about your EUR/USD chart. You said there is a high probability trade setting up on this pair. Is it a buy setup? Did you enter this trade?

I also see a sell setup now. Am I not correct?

Cheers,
Learn2b
Yea you see sell setup but on strong SUp-res line for me still valid buy formation


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #414
  • Aug 19, 2010 6:25pm Aug 19, 2010 6:25pm
Guys i must go to sleep,


Green pips and trade safe >





Petar
"Buy on fear, sell on greed !!!
  • #415
  • Aug 19, 2010 9:48pm Aug 19, 2010 9:48pm
Setup i see in M5, we see how it go..

also looked good in M15 but without valid setup, took entry M5 tho
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  • #416
  • Aug 19, 2010 9:52pm Aug 19, 2010 9:52pm
Pet

What pair and what time frame are you watching?

T...

My bad - posted too quickly...
  • #417
  • Aug 20, 2010 2:37am Aug 20, 2010 2:37am
Quoting Hazarder
Like on this pictures
Hi! Try this one. I think maybe the problem is with Russian font which you don't have on your computer.
Check and comment if the problem remains.
Attached File(s)
File Type: mq4 Petar3BarPattern-v1.mq4   6 KB | 820 downloads
  • #418
  • Aug 20, 2010 3:56am Aug 20, 2010 3:56am
I think this is a good system. I am monitoring it with an adjustment. The leading candle must close in the bottom half of candle 1 (high low).

Seems to filter out some not so good trades.

I also only look at trades on the M5 or M15 re-joining the one hour or 4 hour trend.


Any thoughts?


-Jacob
  • #419
  • Aug 20, 2010 4:02am Aug 20, 2010 4:02am
Quoting Dezil
Hi! Try this one. I think maybe the problem is with Russian font which you don't have on your computer.
Check and comment if the problem remains.


I am noticing some up signals on down candles and down signals on up candles
  • #420
  • Aug 20, 2010 5:42am Aug 20, 2010 5:42am
Quoting losingtrades
I think this is a good system. I am monitoring it with an adjustment. The leading candle must close in the bottom half of candle 1 (high low).

Seems to filter out some not so good trades.

I also only look at trades on the M5 or M15 re-joining the one hour or 4 hour trend.


Any thoughts?


-Jacob
Hello guys,



I just woke up and took cable buywe will see



Jackob you can work how you want,just trade high probality trades and use good MM


Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 12 KB
"Buy on fear, sell on greed !!!
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