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NEW Candles Formation Trading -Petar Formation

  • #981
  • Dec 15, 2010 2:35pm Dec 15, 2010 2:35pm
This was one good setup on H4 NZDUSD...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #982
  • Dec 15, 2010 2:57pm Dec 15, 2010 2:57pm
Quoting Petar_Serbia
Eujjpy is also interesing
Looks like we can go down...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #983
  • Dec 19, 2010 10:15pm Dec 19, 2010 10:15pm
hello petar...

been learning ur system.. it is great..
any good setup today??

thanks
  • #984
  • Dec 21, 2010 4:03am Dec 21, 2010 4:03am
Quoting crushbeat
hello petar...

been learning ur system.. it is great..
any good setup today??

thanks
Hello there,

I just returned from holyday

I will see if we have setup for today...
"Buy on fear, sell on greed !!!
  • #985
  • Jan 29, 2011 5:42am Jan 29, 2011 5:42am
Hello guys,

I watched My formation when is out of Conge indicator and then we can see good setups.Scalp or long terms,need time to test but simple formation+Conge setups.Important thing is to fallow fomraiton + Conge just from Lond open to Lon close...

Cheers


PEtar
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"Buy on fear, sell on greed !!!
  • #986
  • Feb 7, 2011 7:06am Feb 7, 2011 7:06am
Hello guys,

We have one classical setup with Conge...We will see



CHeers

Petar
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"Buy on fear, sell on greed !!!
  • #987
  • Apr 7, 2011 4:21am Apr 7, 2011 4:21am
Hello guys i need programer for one non hard thing to programe...


YOu can PM me...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #988
  • Apr 10, 2011 6:01am Apr 10, 2011 6:01am
Petar,

A though provoking thread you have, but it seems to be fading. It appears the simple concepts of trading have the least following, but those that share methods & strategies that include many colored lines will draw the biggest crowd. What ashamed as most of those go on to fail as the colorful lines & blinking lights can blind the trader to what is really taking place.

Anyway thank for sharing & the best of trades to you in the future.
_________________
  • #989
  • Apr 14, 2011 9:20am Apr 14, 2011 9:20am
I only recently looked at this candle formation and looking at this picture, it seems to be very good if you have another reason to use it. So I have a Petar indication, then I trade the line break that I can find once it appears.

Seem very reliable for some scalping but also works with same concept on higher TF's also.

juicyt

(yes this is displayed on demo account..)
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Click to Enlarge Name: Petar 1minEU.jpg Size: 111 KB
"Even if you fall down face first, you still went forward."
  • #990
  • Apr 14, 2011 9:36am Apr 14, 2011 9:36am
Quoting juicyt
I only recently looked at this candle formation and looking at this picture, it seems to be very good if you have another reason to use it. So I have a Petar indication, then I trade the line break that I can find once it appears.

Seem very reliable for some scalping but also works with same concept on higher TF's also.

juicyt

(yes this is displayed on demo account..)
Hey guys,
Yea looks good i am glad that you take good pips

You can post potencial setups...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #991
  • Apr 14, 2011 9:44am Apr 14, 2011 9:44am
Quoting acetrader
Petar,

A though provoking thread you have, but it seems to be fading. It appears the simple concepts of trading have the least following, but those that share methods & strategies that include many colored lines will draw the biggest crowd. What ashamed as most of those go on to fail as the colorful lines & blinking lights can blind the trader to what is really taking place.

Anyway thank for sharing & the best of trades to you in the future.
_________________
Hello there,

Yea i just gave some advices how you can combine candle formataion,as you know formation must be based on price action becouse if you wait just formation that is bad according my view...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #992
  • Edited 6:21pm Apr 24, 2011 5:38pm | Edited 6:21pm
Quoting juicyt
I only recently looked at this candle formation and looking at this picture, it seems to be very good if you have another reason to use it. So I have a Petar indication, then I trade the line break that I can find once it appears.

Seem very reliable for some scalping but also works with same concept on higher TF's also.

juicyt

(yes this is displayed on demo account..)
I like the idea of simple trend-line breakouts etc but seems that drawing them manually takes some educated guess work. Wondering if anyone has tried using petar's candle formation with fractal auto zig zag channel lines yet, either forwarded test 100 trades or back-tested in a simulator, & if so could could/would post your final results here?
I'd recommend a 30 pip tp & sl test on at least a 5 min chart, which are the default scripts setting in the LFH trade simulator, & use it on a $10k sim/demo account.
..

I tried a few trades in simulator on 1 min & 5 min charts but had way too many head flakes, 15 min a little better but maybe best to only take the petar signals on flag breakouts.
http://www.chartpatterns.com/flagandpennantcharts.htm
Like shown here.
Attached Image (click to enlarge)
Click to Enlarge Name: bear pennant in a downtrend.gif Size: 25 KB
Attached File(s)
File Type: tpl petardo with zigzag auto channels.tpl   2 KB | 646 downloads
File Type: mq4 ZigZag_AutoChannel.mq4   6 KB | 718 downloads
  • #993
  • Apr 26, 2011 11:56am Apr 26, 2011 11:56am
Or do you think best to draw them manually using fractals as reference points?
I think probably better since they won't change or disappear on you as the chart advances forward in time.
  • #994
  • Aug 22, 2011 3:15am Aug 22, 2011 3:15am
Quoting 45Fxguy
Or do you think best to draw them manually using fractals as reference points?
I think probably better since they won't change or disappear on you as the chart advances forward in time.
You dont need fractals,you can use candle formation + if you want you can use sweetspot gold for round number.

This is for example USDCAD chart i created now for you guys >

Cheers
Petar
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"Buy on fear, sell on greed !!!
  • #995
  • Aug 25, 2011 10:43am Aug 25, 2011 10:43am
Quoting Petar_Serbia
You dont need fractals,you can use candle formation + if you want you can use sweetspot gold for round number.

This is for example USDCAD chart i created now for you guys >

Cheers
Petar
Good 60 pips

Cheers
Petar
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"Buy on fear, sell on greed !!!
  • #996
  • Aug 26, 2011 4:12am Aug 26, 2011 4:12am
Hello guys,
Curently EURJPY good formation for buy tP around 112.00..

Cant post image right now,will post later...

Seya
Petar
"Buy on fear, sell on greed !!!
  • #997
  • Aug 31, 2011 2:21am Aug 31, 2011 2:21am
Quoting Petar_Serbia
Hello guys,
Curently EURJPY good formation for buy tP around 112.00..

Cant post image right now,will post later...

Seya
Petar
Hello guys,
We got 111.95 on monday,and hope that someone took these pips..

Seya
Petar
"Buy on fear, sell on greed !!!
  • #998
  • Aug 31, 2011 2:33am Aug 31, 2011 2:33am
Hello guys,
We can see 1.6400 on Cable,good formation on 1.6250 and posible up on Cable...


Cheers
Petar
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"Buy on fear, sell on greed !!!
  • #999
  • Aug 31, 2011 5:23am Aug 31, 2011 5:23am
hi petar
nice thread!
im adding to bookmarks bar
90% of traders use TA, indicators and prediction
  • #1,000
  • Aug 31, 2011 6:01am Aug 31, 2011 6:01am
Quoting _BBKing_
hi petar
nice thread!
im adding to bookmarks bar
Thanks BBKing and feel free to post setups


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