NEW Candles Formation Trading -Petar Formation | Page 35 | Forex Factory

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NEW Candles Formation Trading -Petar Formation

  • #681
  • Sep 4, 2010 6:46pm Sep 4, 2010 6:46pm
Read some time this thread but it came to my mind that car is very old findings allready.

If you do spintop, of cource it most often works or vica verca.

How about real candles and candepatterns;

http://www.fxwords.com/b/bearish-reversal-patterns.html
  • #682
  • Sep 5, 2010 6:05am Sep 5, 2010 6:05am
Quoting kaori
Read some time this thread but it came to my mind that car is very old findings allready.

If you do spintop, of cource it most often works or vica verca.

How about real candles and candepatterns;

http://www.fxwords.com/b/bearish-reversal-patterns.html
LOl,

kaori my friend my advice read first post and you will see that this formation dont have any similiras with any formation on site you posted...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #683
  • Sep 5, 2010 6:15am Sep 5, 2010 6:15am
Quoting behman8850
Thanks looking forward to your advise here.
You are welcome behman8850
"Buy on fear, sell on greed !!!
  • #684
  • Sep 5, 2010 6:40am Sep 5, 2010 6:40am
I see very interesting Wedge oon XAUUSD,it will be very interesting when we broke that >
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #685
  • Sep 5, 2010 6:45am Sep 5, 2010 6:45am
It does actually at my point of view.

Yes, I did read your first page also yesterday.

Anway, good idea - actually were wondering this some time because I think your approach could be filtered far much better way also to apply some additional issues for it.

Kaori
  • #686
  • Sep 5, 2010 6:49am Sep 5, 2010 6:49am
Quoting kaori
It does actually at my point of view.

Yes, I did read your first page also yesterday.

Anway, good idea - actually were wondering this some time because I think your approach could be filtered far much better way also to apply some additional issues for it.

Kaori
Yea as i said this is formation you can use with tools you use and strategy you prefer to trade


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #687
  • Sep 5, 2010 7:13am Sep 5, 2010 7:13am
i petar...
can u give me the downloads of ur system i mean the mq4
i m still learning hehe
  • #688
  • Sep 5, 2010 7:14am Sep 5, 2010 7:14am
I expext more USD weakness becouse i see good formation and MACD fresh Cross on Dow JOnes ikndustrial average,we will see :


As i said you can work this formation on any market :

Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #689
  • Sep 5, 2010 8:32am Sep 5, 2010 8:32am
Here´s one idea you might consider with those candleboxes - I think those fancy color boxes looks a bit odd in the chart.

How about making them to look a bit more neat and neutral.

Something like this as design ?
Attached File(s)
File Type: mq4 TradeTime_v2.mq4   3 KB | 356 downloads
  • #690
  • Sep 5, 2010 9:31am Sep 5, 2010 9:31am
Quoting kaori
Here´s one idea you might consider with those candleboxes - I think those fancy color boxes looks a bit odd in the chart.

How about making them to look a bit more neat and neutral.

Something like this as design ?
I didnt undestand well what you want but you can show my on your chart what you asking

Petar
"Buy on fear, sell on greed !!!
  • #691
  • Sep 5, 2010 4:01pm Sep 5, 2010 4:01pm
On cable we are in neutral zone betwen to strong TL...We got few very good setups last week based on formation + trendlines...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #692
  • Sep 5, 2010 7:29pm Sep 5, 2010 7:29pm
Quoting Petar_Serbia
On cable we are in neutral zone betwen to strong TL...We got few very good setups last week based on formation + trendlines...


Cheers

Petar
Took this trade with small size,we will see,tomorow is holyday it can be chopy we will see...

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #693
  • Sep 6, 2010 5:16am Sep 6, 2010 5:16am
Quoting Petar_Serbia
Took this trade with small size,we will see,tomorow is holyday it can be chopy we will see...

Petar
Hello guys i jsut woke up and i see good profits Now my Sl is at be and i will wait to see what will hapen...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #694
  • Sep 6, 2010 11:00am Sep 6, 2010 11:00am
Quoting billbss
Petar,
I don't understand.

1. Leading candle must be no larger than candle 1 and 2


The rule didn't seem to hold true in your examples.

In the two I marked, the leading candle was longer than one or both of candles 1 and 2.
Many years ago a guy named David Duty named this pattern blips. They are normally found at the top or bottom of a trend. Very powerful on daily TF. He was a commodities guy.

There is a two bar candle VS a guy named Nazertrader named Key bars, almost same but it gets you into market sooner.

gecko TnT even made a blip pattern button to mark them on charts.

I never thought of using them on forex since its 24 hours and I need to sleep, but I love this tread. I watch with interest.
  • #695
  • Sep 6, 2010 12:50pm Sep 6, 2010 12:50pm
Hi Petar,

Congratulations for your thread, your patience and kindness to answer everybody....

I did some work on your pattern and found sth which might interest you and the other readers of your thread

Currently we have a valid pattern on Gu/M30 3rd candle not yet completed....see below
Attached Image (click to enlarge)
Click to Enlarge Name: saisie_chart.gif Size: 28 KB
Non licet omnibus adire Corinthum
  • #696
  • Sep 6, 2010 12:58pm Sep 6, 2010 12:58pm
So to be able to enter my trade before completion of 3rd candle I use M15 and lower line (red one for a short) of SilverTrend so if I have a close below this line (red arrow),I take the trade without waiting for the completion of 3rd candle...

I must say, for me, it's just a confirmation of my own strategy.....

Of course it has to be tested......

Trade well
Attached Image (click to enlarge)
Click to Enlarge Name: saisie_chart.gif Size: 21 KB
Non licet omnibus adire Corinthum
  • #697
  • Sep 6, 2010 6:00pm Sep 6, 2010 6:00pm
Quoting tommbstone
Many years ago a guy named David Duty named this pattern blips. They are normally found at the top or bottom of a trend. Very powerful on daily TF. He was a commodities guy.

There is a two bar candle VS a guy named Nazertrader named Key bars, almost same but it gets you into market sooner.

gecko TnT even made a blip pattern button to mark them on charts.

I never thought of using them on forex since its 24 hours and I need to sleep, but I love this tread. I watch with interest.
Hello guys i just back from city i am glad you can find this is profitable i hope we will all together earn good pips
I dont know for this pattern i created for me and i love this formation of course with other confirmation like Volume and TL...

Cheers


Petar
"Buy on fear, sell on greed !!!
  • #698
  • Sep 6, 2010 6:01pm Sep 6, 2010 6:01pm
Quoting javajames
Hi Petar,

Congratulations for your thread, your patience and kindness to answer everybody....

I did some work on your pattern and found sth which might interest you and the other readers of your thread

Currently we have a valid pattern on Gu/M30 3rd candle not yet completed....see below
Hello javajames my friend i am glad you like it and i hope we will earn good pips,rembemer trade just high probality setups according your strategy dont be gready,sometimes i jump one week if i dont see good trade that is my key for succes...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #699
  • Sep 6, 2010 6:31pm Sep 6, 2010 6:31pm
I see very good setup on EURUSD,Formation on TL + Low volume looks great but this is Forex and that isnt gurante for succes,that is why we use good MM>>


Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #700
  • Sep 6, 2010 8:26pm Sep 6, 2010 8:26pm
Nice catch Petar on euro...interesting thread, and will be following you...
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