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Attachments: The ART of trading by Petar_Serbia
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The ART of trading by Petar_Serbia

Quoting Petar_Serbia
{quote} Hello good people, I am very busy with my work for fund and company + doing work around website and presentation for the seminar that I will hold in Prague, but found finally some time now. I didn't open any new position this week, I am just holding my long position on the Gold from $1.285.00 and currently, I am in profit 2.5:1 RRR. Since I don't see any signs of reversals and the value is building lower + the price is approaching the larger median line, I would wait to see what will happen tomorrow and few hours before FOMC decide what...
Hello good people,
Wanted to update you on my positions and my results for January. This year started very well for me and I finished January with +7% on my account. I am very proud that I did catch biggest runs on GBP/USD and Gold. I also did a perfect job in managing those positions as well, which resulted in very positive. I closed Gold today with the profit of 4% and around (3800-380 pips). I currently have sell position on the GBP/JPY from 142.78 due to good conditions in my opinion and potential for very solid reward. According to the market profile, I found lower values day by day, which is a sign of the short - term downtrend. Also, I found acceptance below the key short - term support 142.70 and bearish breakout of the 2-day balance in the background, which is a sign that weakness is present. I don't have a fixed target yet but from 350-500 pips is my aim.

Hope that you are doing also good If you have any question, feel free to ask...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
{quote} Hello good people, Wanted to update you on my positions and my results for January. This year started very well for me and I finished January with +7% on my account. I am very proud that I did catch biggest runs on GBP/USD and Gold. I also did a perfect job in managing those positions as well, which resulted in very positive. I closed Gold today with the profit of 4% and around (3800-380 pips). I currently have sell position on the GBP/JPY from 142.78 due to good conditions in my opinion and potential for very solid reward. According to...
Hello traders,
So far, good down move on the GBP/JPY and currently +60 pips. We go poor low so far at 142.07, which is an indication that the market just became "too short" on the lower time-frame. I expect more down move, there is a lot of profit potential on this one. Time will tell. I will, of course, adjust position if/when is needed.

If you are interested in mentoring > skype me petar.jacimovic is my username

Best regards,
Petar
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
{quote} Hello traders, So far, good down move on the GBP/JPY and currently +60 pips. We go poor low so far at 142.07, which is an indication that the market just became "too short" on the lower time-frame. I expect more down move, there is a lot of profit potential on this one. Time will tell. I will, of course, adjust position if/when is needed. If you are interested in mentoring > skype me petar.jacimovic is my username Best regards, Petar {image}
Hello traders,
Just wanted to update you about my positions. GBP/JPY did close me on SL and lost around 1% on that one. Again, understanding when you are wrong is very important. You need to cut your loss if you see that price/time proved you that you are wrong. This week I started to sell EUR/USD from 1.1442 since I found a lack of demand and the buying climax in the background after the FOMC last week. IN my opinion, buyers got trapped and the professionals sold into their buying. I also placed some Pitchfork lines and they are confirming that as well. Market profile showed me weakness as well, double distribution trend day on FOMC but the price failed to sustain into upper distribution in next next 2 days, which is a big sign of the weakness. The confirmation that sellers are starting the distribution is lower values and lower low - lower highs.

I am targeting 1.1293 but will manage to depend on how the market unfolds.

Most people give up simply because they start with unrealistic expectations of what it will take to be successful. Then they rationalize "it can’t be done." When you go in with the attitude... I'm going to do whatever it takes as long as it takes... success is the only option.

Feel free to post any comment or question related to the subject and of course if you are interested in mentoring add me on skype petar.jacimovic so we can talk there...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Hello everyone,
I am interested in your opinion, please go on my twitter and vote >

https://twitter.com/DrPetar_Serbia/s...57761739341825

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
{quote} Hello traders, Just wanted to update you about my positions. GBP/JPY did close me on SL and lost around 1% on that one. Again, understanding when you are wrong is very important. You need to cut your loss if you see that price/time proved you that you are wrong. This week I started to sell EUR/USD from 1.1442 since I found a lack of demand and the buying climax in the background after the FOMC last week. IN my opinion, buyers got trapped and the professionals sold into their buying. I also placed some Pitchfork lines and they are confirming...
Hello traders,
Just wanted to update you on my position. EUR/USD is doing a good job on my sell position and currently, I am +55 pips. My main target is set around the price of 1.1290. According to the Market Profile, value for today is building lower and values in the past few days are going lower, which represents a short-term downtrend. Remember, we trade value not the price. From the other side, the downward Pitchfork channel is doing a good job and the price is trading inside. I do expect in the next day or two that EUR/USD go and visit the median line of the channel. Of course, my SL is on breakeven and now is a risk-free position. Let's see how much the price can go and what the market will bring us. It's so important to understand managing part of position once you have one. So much of educators and traders put into systems, strategies and so on but very few puts on the manging position and the whole process behind the managing part. It is absolutely equally important when-what to trade and once you are in position (how you will manage and scale). Even that you have "the best system", if you don't understand managing process, you will fail and not make it. On my mentoring program, I put so much time to teach you the whole managing process of the position and managing process of the proper risk control.

If you have any comment or question feel free to post. Seems like you are not that active here but its a mistake, cause you need to have interest to learn and improve always if you want to make it in this business.

Best regards,
Petar
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
{quote} Hello traders, Just wanted to update you on my position. EUR/USD is doing a good job on my sell position and currently, I am +55 pips. My main target is set around the price of 1.1290. According to the Market Profile, value for today is building lower and values in the past few days are going lower, which represents a short-term downtrend. Remember, we trade value not the price. From the other side, the downward Pitchfork channel is doing a good job and the price is trading inside. I do expect in the next day or two that EUR/USD go and visit...
Hello traders,
Just a quick update on my EUR/USD position. I closed position at 1.1338 and took +100 pips or 2% gain on my account. I closed before my final target cause I don't like how the price behaves today. Failed breakout of support (yest.low) + very fat POC for today at 1.1340 are signs that holding the position for downward is not smart anymore. I am not bullish on EUR/USD but I am just seeing that sellers totally decreased in power and that traders are uncertain of further direction. Remember, its very hard to move away from fat POC and market will need much more power than average to move away from fat POC. From the other side, value for today is lower, so careful on the current spot of EUR/USD. It is also possible that EUR visit yesterday's POC at 1.1353 or yest. poor high at 1.1369. Anyway, good week for me and the profit taken. I do have one position that I opened today but will post next week.

If you have any comment or question, feel free to post ...

Best regards,
Petar
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"Buy on fear, sell on greed !!!
Hello traders,
Just wanted to let you know that I did back from Prague where I held a seminar and soon my website will be ready. I will check now charts and let you know about my expectations for the beginning of the next week.

Best regards,
Petar
"Buy on fear, sell on greed !!!
Ok, I did some analysis on the EUR/USD current situation. I found that attempted direction for the last week was bullish but the buyers got a hard time to make any follow through and resistance was found at 1.1371. The level of 1.1371 is not secure high but buyers simply lost the power and that point and went "too long". I found lower lows and lower highs in past few days, which is a sign of the beginning of the potential bearish short-term trend. The pice did back again into the 2-week range and it got accepted below the 2week high at 1.1342. I do expect the EUR/USD to trade towards massive POC from 2 weeks ago at 1.1278 and potentially test the 2week low at 1.1234.

On the regular candle chart, I found nothing significant on the upside and actually, the odds are that EUR/USD is about to finish the bullish correction. Seems like Keltner upper band is maximum from the buyers' effort and that bearish divergence is present.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Cant wait for your website Petar!
gotta lose to win big...
Quoting Tripletease
Cant wait for your website Petar!
Hello Tripletease,
It will be ready I think by the middle of March and will let you know all about once is ready. You will all enjoy the services that we will provide. Back into trading now. This month not so good for trading due to low volatility, GBP was the only currency with volatility but after the Brexit headlines. Anyway, this month is about to finish but I found a decent trading idea on EUR/NZD and I bought at 1.6573. Generally, I found strength in the background in form of a down day but with a lot of anomalies and POC and value on center at 1.6657. After that, we got 2-day narrow range balance and the bullish breakout with the value higher relative to the previous day. You see, there is good sense in this entry and realistic odds that EUR can trade higher, let's see. I am aiming for last week high at 1.6765 (3:1 RRR). Patience is one of the keys in this business and a lot of times you will be rewarded if you wait for only qualitative opportunities.

As soon as we finish the website you can join our winning team and become part of it.

Feel free to post any comment or question if you have ...
Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
{quote} Hello Tripletease, It will be ready I think by the middle of March and will let you know all about once is ready. You will all enjoy the services that we will provide. Back into trading now. This month not so good for trading due to low volatility, GBP was the only currency with volatility but after the Brexit headlines. Anyway, this month is about to finish but I found a decent trading idea on EUR/NZD and I bought at 1.6753. Generally, I found strength in the background in form of a down day but with a lot of anomalies and POC and value...
When the timing is good and you got the good direction you usually see profit relatively fast but this is even faster than I expected I already secured on breakeven and now is a free ride. Main target around 1.6765. Naked POC from last week is set at 1.6656. Very strong bullish momentum so far...
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"Buy on fear, sell on greed !!!
Hello traders,
I did video update for you >

Inserted Video


Feel free to comment or ask if you have any question

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Hello dear traders,
Just wanted to update you on GBP/USD after the yesterday's Carney speech. The scenario that I mentioned in yesterday's video happened. The market did fake the sellers with the test of 1.3097 and markdown on the speech and then returned all the way higher with the close same as open at 1.3176. When I see this kind of rejection, it is usually a sign that some larger time-frame traders started to accumulate buy position, which adds even larger risk for the downside relative to yesterday. The past 4 days traded lower but the market structure on the downside looks terrible with a lot of fat naked point of controls and with a lot of rotation. This is a sign that most of the selling was done by very weak-intraday traders who are only watching and focus on price and not on structure. We got high odds that GBP/USD may do some stronger rally to catch off guard all of the weak sellers. Remember, we in professional trading don't focus too much on the price but on the market structure. Price is simply an advertising mechanism.

The current day got poor high at 1.3179 and POC at 1.3140. Vale is overlapping to lower relative to yesterday, which is a sign that still some weak sellers are present. Generally, we got so far inside day relative to yesterday and the GBP/USD is in balance (1.3200 resistance and 1.3097 support) with the big risk for the downside due to the background. Aggressive buyers and fast traders may even buy from the current level 1.3137, which involve much higher risk but conservative traders may wait for confirmation that buyers stepped in. The value should start to move higher and the 1.3200 should be broken. I am so far neutral on GBP/USD but wanted to let you know about possibilities and the risk.

To even think about any selling on GBP/USD I would like to see more elongation and more serious money involved on the downside. Don't forget that weekly and monthly trends are up to the downside of the previous few days may be the only correction from the larger perspective.

If you have any question or comment, feel free to post...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Hello traders,
GBP/USD extended lower and we got the breakout of the 2-day balance support at 1.3097. I am bearish from 1.3113 and already secured position. Today the daily value is clearly lower relative to the previous day, which is a sign that sellers are in control and that we got downtrend established. Today, I found that we got so far selling tail and fake breakout of overnight high, which is the sign that GBP/USD may continue lower. It will be very hard for buyers even to build inside value. My target is set at the price of 1.2970. Also, adjust your position size due to Non-farm later today...
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
Hello traders, GBP/USD extended lower and we got the breakout of the 2-day balance support at 1.3097. I am bearish from 1.3113 and already secured position. Today the daily value is clearly lower relative to the previous day, which is a sign that sellers are in control and that we got downtrend established. Today, I found that we got so far selling tail and fake breakout of overnight high, which is the sign that GBP/USD may continue lower. It will be very hard for buyers even to build inside value. My target is set at the price of 1.2970. Also,...
Hello traders,
Just to update you on GBP/USD. I took 110 pips and around 3% return. Closed a few minutes before Friday close. Hope the next week will bring us good opportunities.
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"Buy on fear, sell on greed !!!
Hello traders,
Wanted to update you on my current view on GBP/USD. After the sell-off last week I found today potential for GBP recovery. Basically, the GBP gapped lower but it didn't sustain the gap, which is a sign of the potential strength incoming. The overall value for the day is still clearly lower relative to the Friday's value and the trend is still down technically but I don't see any serious money on the downside, all I see is very emotional sell-off in the G period and few rotations, which is a sign that some laggard traders wanted hard more downside but they failed even to re-test the overnight low at 1.2960. Watching the intraday separated profile, I found that value is building higher relative to the overnight session and that we got upside breakout of inside G-H prints. We also got a weak high at 1.3018, which increase odds that we can see the breakout of that high in the future.

So, I am neutral to bullish ATM but with the potential intraday trade on the upside. I think if you intraday trade its worth a risk. Potential for upside is huge relative to potential stop. First upside target will be at Friday's POC at 1.3085. Don't forget also its Monday so volume is lighter and tomorrow we got Brexit vote...

If you have any comments or questions, feel free to post ...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
Hello traders, Wanted to update you on my current view on GBP/USD. After the sell-off last week I found today potential for GBP recovery. Basically, the GBP gapped lower but it didn't sustain the gap, which is a sign of the potential strength incoming. The overall value for the day is still clearly lower relative to the Friday's value and the trend is still down technically but I don't see any serious money on the downside, all I see is very emotional sell-off in the G period and few rotations, which is a sign that some laggard traders wanted hard...
As I expected, sellers got short in the hole and we got responsive buyers today. First objective Friday's POC at 1.3085. So far about 60 pips gain from my call...
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"Buy on fear, sell on greed !!!
[quote=Petar_Serbia;12099508]Hello traders, Wanted to update you on my current view on GBP/USD. After the sell-off last week I found today potential for GBP recovery. Basically, the GBP gapped lower but it didn't sustain the gap, which is a sign of the potential strength incoming. The overall value for the day is still clearly lower relative to the Friday's value and the trend is still down technically but I don't see any serious money on the downside, all I see is very emotional sell-off in the G period and few rotations, which is a sign that some laggard traders wanted hard more downside but they failed even to re-test the overnight low at 1.2960. Watching the intraday separated profile, I found that value is building higher relative to the overnight session and that we got upside breakout of inside G-H prints. We also got a weak high at 1.3018, which increase odds that we can see the breakout of that high in the future. So, I am neutral to bullish ATM but with the potential intraday trade on the upside. I think if

Intraday target reached (100 pips) at 1.3085 (Friday's POC). Next upward references are set at 1.3110 (Friday's high) and 1.3182 (Thursday's high). This was a nice example and power of the market profile and analysis of the nuances. Trading is about odds, you want to trade when odds are in your favor for potential profit. On today's trade, the risk was about 35 pips and profit 100 pips, not that bad for the intraday trade

Once the website is ready you will be able to subscribe for daily updates and live commentary on the potential trades plus you will have an intensive educational program for the very fair price. The website is still in creation...

If you have any comments or question in relation to today's entry, feel free to post...

Best Regards,
Petarr
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"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
Quoting Petar_Serbia
Hello traders, Wanted to update you on my current view on GBP/USD. After the sell-off last week I found today potential for GBP recovery. Basically, the GBP gapped lower but it didn't sustain the gap, which is a sign of the potential strength incoming. The overall value for the day is still clearly lower relative to the Friday's value and the trend is still down technically but I don't see any serious money on the downside, all I see is very emotional sell-off in the G period and few rotations, which is a sign that some
...
GBP/USD just did what we did expect in the morning and it is still going, next upward target at 1.3180.
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"Buy on fear, sell on greed !!!
Hello traders,
I found an interesting opportunity on the USD/CAD and did short it from 1.3396. I found the breakout of the key 2-day balance and the key support at 1.3390. Value is building clearly lower relative to yesterday, which is another sign of the newly defined downtrend. I didn't set TP since the potential can be even few hundred pips but I would need to follow the position for the continuation and adjust if/when is needed. Level 1.3340 is first support. Major support (from 1.3070) is set at 1.3070.

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