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NEW Candles Formation Trading -Petar Formation

  • #461
  • Aug 22, 2010 10:42am Aug 22, 2010 10:42am
what's ur success rate of this pattern?
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  • #462
  • Aug 22, 2010 10:54am Aug 22, 2010 10:54am
my friend, demo yourself to find out if it suits your personal trading style, what if someone says the success rate is 100%, what would you do? run off and start trading it??

Moreover, in trading forex previous performance is not an indication of future performance, everyone results can be different even when the same trading methods are used due to so many reasons, just my 2 cents
  • #463
  • Aug 22, 2010 11:00am Aug 22, 2010 11:00am
Quoting pet
would it not be better you demo yourself first so you know your succes rate, as everyone success is always different from others due to so many reasons even if the same system is used.

like petar siad earlier.."find your personality"

sorry if this sounds harsh, it wasnt meant intentionally, just my 2cents
You reading my mind
"Buy on fear, sell on greed !!!
  • #464
  • Aug 22, 2010 11:15am Aug 22, 2010 11:15am
Quoting Petar_Serbia
Hello,

Here is Murrey math indi

Dodts are my formation.That is indicator wich draw my formation created by Dezil you can find on first page...
Thanks for the indy. Petar.


Quoting Petar_Serbia

dont forget my advice >

Take 1,2 setups per day no more if you work for 15,20 pips if you work larger frame work with very small size like relaxing trading,i work like that...
Agreed! Small is beautiful!


Quoting Petar_Serbia

This formation can help you to take good setups and just be dicplined trader...

Petar
Point taken. U BRAVO!

Cheers
  • #465
  • Aug 22, 2010 11:26am Aug 22, 2010 11:26am
Hi Petar

One last post before calling off the day (go to ZZzzz )
About the MM indy, there are no change to the default settings, correct (i.e. P=64, StepBack=0) ?
Thanks.

Cheers
  • #466
  • Aug 23, 2010 1:18am Aug 23, 2010 1:18am
eur looks like a buy..
  • #467
  • Aug 23, 2010 1:56am Aug 23, 2010 1:56am
Quoting pet
eur looks like a buy..
Morning guys,

Yea pet we will see when London open
"Buy on fear, sell on greed !!!
  • #468
  • Aug 23, 2010 2:14am Aug 23, 2010 2:14am
Still AUDUSD looks good for 4/8 math,we have formation on 1/8 and we will see i expext 4/8...






This is picture >
Attached Image (click to enlarge)
Click to Enlarge Name: audusdstill.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #469
  • Aug 23, 2010 2:15am Aug 23, 2010 2:15am
guys be careful with AUDUSD. aussies have elections and they are in for a hung parliament
  • #470
  • Aug 23, 2010 2:18am Aug 23, 2010 2:18am
Quoting roundrock
guys be careful with AUDUSD. aussies have elections and they are in for a hung parliament
Yea i know for that but as i explaned many times i trade large frame with very small risk about 0.5 % from balance and i take every setup that looks good for me...

If you trade with good MM you can trade what you want...



Cheers


Petar
"Buy on fear, sell on greed !!!
  • #471
  • Aug 23, 2010 3:04am Aug 23, 2010 3:04am
WE have also one good formation on GBPJPY but we are still on chanel but good thing is we got formation on 1-8 Math that mean we can go till 4-8 but we will see i will wathing this..



CHeers





Petar
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #472
  • Aug 23, 2010 3:26am Aug 23, 2010 3:26am
Quoting Petar_Serbia
WE have also one good formation on GBPJPY but we are still on chanel but good thing is we got formation on 1-8 Math that mean we can go till 4-8 but we will see i will wathing this..



CHeers





Petar
Took long with 100 SL TP about 140 pips about 1 % risk on balance.... WE will see...


Cheers



Petar
"Buy on fear, sell on greed !!!
  • #473
  • Aug 23, 2010 4:20am Aug 23, 2010 4:20am
closed my nzdusd trade, made 40pips on last position,lost -85pips on the FIRST, that is -45pips lose,well i consider that a well managed trade given i took a very poor entry on the first one but was risky though, standing aside for that

cabble ,squeezing for some pips
Attached Image (click to enlarge)
Click to Enlarge Name: cabble.gif Size: 31 KB
  • #474
  • Aug 23, 2010 4:31am Aug 23, 2010 4:31am
Quoting pet
closed my nzdusd trade, made 40pips on last position,lost -85pips on the FIRST, that is -45pips lose,well i consider that a well managed trade given i took a very poor entry on the first one but was risky though, standing aside for that

cabble ,squeezing for some pips
That setup looks good




Cheers


Petar
"Buy on fear, sell on greed !!!
  • #475
  • Aug 23, 2010 4:40am Aug 23, 2010 4:40am
first Tp met on cable@ 1.5528, +33pips, trying gbpyen will see
Attached Image (click to enlarge)
Click to Enlarge Name: gpyeeee.gif Size: 41 KB
  • #476
  • Aug 23, 2010 4:42am Aug 23, 2010 4:42am
Quoting pet
first Tp met on cable@ 1.5528, +33pips, trying gbpyen will see
Be carefull my friend on GBPJPY you can see my post on GBPJPY i think this is good setup on buy but we will see...




Cheers

Petar
"Buy on fear, sell on greed !!!
  • #477
  • Aug 23, 2010 5:05am Aug 23, 2010 5:05am
Quoting pet
closed my nzdusd trade, made 40pips on last position,lost -85pips on the FIRST, that is -45pips lose,well i consider that a well managed trade given i took a very poor entry on the first one but was risky though, standing aside for that

cabble ,squeezing for some pips
Pet you closed NZDUSD buy ? I plan to open again buy when candle finished on D1
"Buy on fear, sell on greed !!!
  • #478
  • Aug 23, 2010 5:15am Aug 23, 2010 5:15am
Quoting Petar_Serbia
Pet you closed NZDUSD buy ? I plan to open again buy when candle finished on D1
well considering the staus of my exposure on that pair at the time, best trade for me was damage limitation or management, think it was better for me to get out there in a trade i should have closed a long time ago, more opportunities always come
  • #479
  • Aug 23, 2010 5:20am Aug 23, 2010 5:20am
Quoting pet
eur looks like a buy..
except that it doesn't.
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  • #480
  • Aug 23, 2010 5:22am Aug 23, 2010 5:22am
Quoting pet
my friend, demo yourself to find out if it suits your personal trading style, what if someone says the success rate is 100%, what would you do? run off and start trading it??

Moreover, in trading forex previous performance is not an indication of future performance, everyone results can be different even when the same trading methods are used due to so many reasons, just my 2 cents
what a stupid answer.

i'm simply asking for historical stats on this.

or are you saying the system is NOT mechanical, and does this mean it's part guess work.
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