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NEW Candles Formation Trading -Petar Formation

  • #941
  • Nov 28, 2010 7:39am Nov 28, 2010 7:39am
3 good setups on Cable last week >

You can see,its realy important to draw normal trendlines and you can easly see good setups...
Most important thing is to risk low and go for good profit..That is the key...

Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: someexamples.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #942
  • Nov 28, 2010 7:43am Nov 28, 2010 7:43am
Dezil i totaly forgot one fact...Please if you can recode my indi and put that PIN from Leading candle must be greater than body !!!
I have buisnese and totaly forgot to put that fact,if you have time please add that...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #943
  • Nov 28, 2010 2:49pm Nov 28, 2010 2:49pm
Quoting Petar_Serbia
Dezil i totaly forgot one fact...Please if you can recode my indi and put that PIN from Leading candle must be greater than body !!!
I have buisnese and totaly forgot to put that fact,if you have time please add that...

Cheers

Petar
Do you mean (upper shadow+Lower Shadow)>candle body? Or only one shadow?
Is this a rule that you forgot to post in first page or this is new rule you whant to try?
  • #944
  • Nov 28, 2010 3:17pm Nov 28, 2010 3:17pm
Quoting Dezil
Do you mean (upper shadow+Lower Shadow)>candle body? Or only one shadow?
Is this a rule that you forgot to post in first page or this is new rule you whant to try?
Hi Dezil,

I mean only one shadow...To be honest on your second question i love to see pin bigger than body and that must ocours on good trendline,or combination with conge indi i posted.I trade intraday Volume setups with huge succes almost all year but i also still watch formation i love to see my formation on setup i trade.As i said many times before, everyone can use this formation with different trading styles...

Cheers
"Buy on fear, sell on greed !!!
  • #945
  • Nov 29, 2010 9:35am Nov 29, 2010 9:35am
Quoting Petar_Serbia
Hi Dezil,

I mean only one shadow...To be honest on your second question i love to see pin bigger than body and that must ocours on good trendline,or combination with conge indi i posted.I trade intraday Volume setups with huge succes almost all year but i also still watch formation i love to see my formation on setup i trade.As i said many times before, everyone can use this formation with different trading styles...

Cheers
Hi, Petar. Check this new version of indicator. It has new option. If you want to see only setups with pin bars(shadow>body) just set ShowOnlyPinSetups=true
Could you tell more about your intraday Volume setups trading? You can PM me if you want.
Attached File(s)
File Type: mq4 Petar3BarPattern-v1-2.mq4   7 KB | 984 downloads
  • #946
  • Nov 29, 2010 12:46pm Nov 29, 2010 12:46pm
Hi Petar

Thank you for your reply.

I believe I have tried most of the versions of the indicator that have been posted by Dezil. Here is a list of four of them, but I have tried others also:

Petar3BarPattern-v1-2.mq4 (6.9 KB)

Petar3BarPattern-v1.mq4 (6.5 KB)

Petar3BarPattern.mq4 (3.6 KB)

And, the latest version from Dezil:

Petar3BarPattern-v1-2.mq4 (6.9 KB)


I downloaded them all again (including the one by Dezil where he had mentioned that he had changed the font from the original Russian) and still no luck. As I had mentioned, they appear in the Navigator window but just won't respond when I double click on them or right click and then try to attach them to the chart.

BTW, I had no problems downloading and getting the indicator working which you posted in message #921:

CongestionBreakOutV2.ex4 (9.5 KB)

There's something going on with the ones Dezil posts but apparently other people are not running into the same problem I am, so it is very confusing.

Any ideas would be greatly appreciated.
  • #947
  • Nov 29, 2010 1:25pm Nov 29, 2010 1:25pm
Quoting Dezil
Hi, Petar. Check this new version of indicator. It has new option. If you want to see only setups with pin bars(shadow>body) just set ShowOnlyPinSetups=true
Could you tell more about your intraday Volume setups trading? You can PM me if you want.
Hello there,

Thanks for indi Dezil,i will try indi today to see diference.If you want to see how i work Intra setups,you can visit my Journal http://www.forexfactory.com/showthread.php?t=267631


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #948
  • Nov 29, 2010 3:46pm Nov 29, 2010 3:46pm
Quoting tradeplus1
Hi Petar

Thank you for your reply.

I believe I have tried most of the versions of the indicator that have been posted by Dezil. Here is a list of four of them, but I have tried others also:

Petar3BarPattern-v1-2.mq4 (6.9 KB)

Petar3BarPattern-v1.mq4 (6.5 KB)

Petar3BarPattern.mq4...
Since you had no difficulty with the ex4 version, Go to meta editor, call up the indicator and compile it. Should get it working then. Alternatively, you might need to get a compiled ex4.
  • #949
  • Nov 30, 2010 10:36am Nov 30, 2010 10:36am
Quoting Dezil
Hi, Petar. Check this new version of indicator. It has new option. If you want to see only setups with pin bars(shadow>body) just set ShowOnlyPinSetups=true
Could you tell more about your intraday Volume setups trading? You can PM me if you want.
Hello Dezil i think you understud wrong about what i wanted :


Look picture :

You will see that pin isnt greated than body but i see signal...

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: pin.gif Size: 14 KB
"Buy on fear, sell on greed !!!
  • #950
  • Nov 30, 2010 10:49am Nov 30, 2010 10:49am
Quoting Petar_Serbia
Hello Dezil i think you understud wrong about what i wanted :


Look picture :

You will see that pin isnt greated than body but i see signal...

Petar
Did you set ShowOnlyPinSetups=true in indicator settings tab? The default value is false
  • #951
  • Nov 30, 2010 10:53am Nov 30, 2010 10:53am
Quoting Dezil
Did you set ShowOnlyPinSetups=true in indicator settings tab? The default value is false
Oh i didnt see that..

Yea know is ok ...
"Buy on fear, sell on greed !!!
  • #952
  • Dec 5, 2010 8:45pm Dec 5, 2010 8:45pm
Am I reading this indicator correctly? Do you wait for the 3 bars to form and then enter at the extreme level?

See this chart with 2 failed Buy set up and then a Sell set up - my opinion anyway.

Don't be confused by the Inside Bar indicator I am also watching on this chart / time frame, which reminds me, is 5 minutes chart OK for Petar trading?
Attached Image (click to enlarge)
Click to Enlarge Name: is this right.jpg Size: 114 KB
Canadian by birth Australian by choice
  • #953
  • Dec 5, 2010 9:48pm Dec 5, 2010 9:48pm
Now there is another signal to SELL, will the EURO just go down please!
Attached Image (click to enlarge)
Click to Enlarge Name: FOLLOW UP.jpg Size: 133 KB
Canadian by birth Australian by choice
  • #954
  • Dec 7, 2010 8:33am Dec 7, 2010 8:33am
Quoting TheSnowman
Now there is another signal to SELL, will the EURO just go down please!
Hello there,

GOod trading
"Buy on fear, sell on greed !!!
  • #955
  • Dec 11, 2010 11:32am Dec 11, 2010 11:32am
Hello guys,


This is i call good chance for trade and High probability trade...
Attached Image (click to enlarge)
Click to Enlarge Name: dot.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #956
  • Dec 11, 2010 11:39am Dec 11, 2010 11:39am
I will post more trades from last week.Most important thig is to wait your chance and to create strong trendlines and then use COnge indi and formation for entry...

Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: solid.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #957
  • Dec 11, 2010 11:44am Dec 11, 2010 11:44am
To many good setup,

Also you can trade on every time frame just use eyes like best indicator


This is M30 setup,very clear...
Attached Image (click to enlarge)
Click to Enlarge Name: beuty.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #958
  • Dec 11, 2010 11:52am Dec 11, 2010 11:52am
Most important thing is to find timeframe where you can see clear trendline and then draw sup res zones i usually mark that zone with orange color and than if you liike use Conge princip to trade...Use pairs you like it and every day search to see where we have clear trenline and on wich frame..


Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #959
  • Dec 12, 2010 1:49am Dec 12, 2010 1:49am
I think your system is identical to the way the Japanese use them. It just seems to me that you misunderstood or not quite well understood the way the Japanese use the candles. I have seen a few of your life trading examples and a few of the candles you highlighted are simply continuation patterns or reversal patterns which I recognize.
  • #960
  • Dec 12, 2010 2:27pm Dec 12, 2010 2:27pm
Quoting Al Rez
I think your system is identical to the way the Japanese use them. It just seems to me that you misunderstood or not quite well understood the way the Japanese use the candles. I have seen a few of your life trading examples and a few of the candles you highlighted are simply continuation patterns or reversal patterns which I recognize.
LOL,

Ok if you think that,good for you,but i dont undestand why you write something wich isnt charts,isnt idea for trade and isnt question about tehnique...THis is abolutly my formation with strict rules about creaton.

My advice if you dont have something logical and interesting to post,dont post...

Petar
"Buy on fear, sell on greed !!!
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