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The ART of trading by Petar_Serbia

  • #2,821
  • Jan 26, 2018 7:01am Jan 26, 2018 7:01am
Quoting Petar_Serbia
Hello everyone, Today I see opportunity on the EUR/NZD. I placed a pending sell stop order at the price of 1.6896 and will try to take about 55 pips at the price of 1.6840. Very confident opening of London session. Seems like those professionals know what they wanted to do from the very opening. I will try to ride with them. Never forget, trading is about odds and risk control, not about predicting where the price will stop, reverse or trying to be a guru and predict where the price will go in the future. There is nobody who knows that, in the professional...
Got SL on this one but I shorted GBP/AUD from 1.7615 (will try to make about 50 pips risking 50 pipsp) will post a chart later.
"Buy on fear, sell on greed !!!
  • #2,822
  • Jan 26, 2018 9:02am Jan 26, 2018 9:02am
Quoting Petar_Serbia
{quote} Got SL on this one but I shorted GBP/AUD from 1.7615 (will try to make about 50 pips risking 50 pipsp) will post a chart later.
GBP/AUD got classic Failed range extension and the composite profile confirmed that. Took 50 pips and finished +0.2% today on the account. Just discipline and right knowledge and the results must come. Overall this week I made about 3% on account with 0.8% max DD


Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,823
  • Jan 26, 2018 9:37am Jan 26, 2018 9:37am
Quoting Petar_Serbia
{quote} GBP/AUD got classic Failed range extension and the composite profile confirmed that. Took 50 pips and finished +0.2% today on the account. Just discipline and right knowledge and the results must come. Overall this week I made about 3% on account with 0.8% max DD Best Regards, Petar {image}
LOl, the price dropped from my close level more than 70 pips . Anyway, the point of this post is to show you that you don't need large movements like these, they will happen from time to time but the point is you need to be objective and scale positive positions without being greedy. Most of the time market will hunt your breakeven orders and will not let anyone enjoy the directional movement for too long. Next week new opportunities.

Best Regards and Have a good weekend
Petar
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"Buy on fear, sell on greed !!!
  • #2,824
  • Jan 29, 2018 3:48am Jan 29, 2018 3:48am
Hello traders,
Today I found very interesting opportunity on GBP/CAD and I am already in from 1.7425. There is a classic fail range extension and also a fake breakout of Friday's low in the background. The overnight session also confirmed that buyers are present so buying when we got strength in the background looks like a good idea We will see. A risk is only 25 pips but the potential is very good from 50-100 pips. Let us wait and see. Will secure on breakeven if we get new daily high...
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"Buy on fear, sell on greed !!!
  • #2,825
  • Jan 29, 2018 5:05am Jan 29, 2018 5:05am
Quoting Petar_Serbia
Hello traders, Today I found very interesting opportunity on GBP/CAD and I am already in from 1.7425. There is a classic fail range extension and also a fake breakout of Friday's low in the background. The overnight session also confirmed that buyers are present so buying when we got strength in the background looks like a good idea We will see. A risk is only 25 pips but the potential is very good from 50-100 pips. Let us wait and see. Will secure on breakeven if we get new daily high... {image}
Stopped out on GBP/CAD (-28 pips). Took EUR/NZD from 1.6926 ) 30 pips risk and I am targeting level of 1.6872.
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"Buy on fear, sell on greed !!!
  • #2,826
  • Jan 29, 2018 5:50am Jan 29, 2018 5:50am
Hello there,
I bought GBP/USD from 1.4073 and trying to take profit around 1.4130 with SL around 30 pips. I saw one of my favorite setups and the price action confirmed
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"Buy on fear, sell on greed !!!
  • #2,827
  • Jan 29, 2018 7:19am Jan 29, 2018 7:19am
Quoting Petar_Serbia
{quote} Stopped out on GBP/CAD (-28 pips). Took EUR/NZD from 1.6926 ) 30 pips risk and I am targeting level of 1.6872. {image}
+43 pips on EUR/NZD and a total of today +20 pips. Still got GBP/USD buying from 1.4074 and added another position at 1.4067. Targeting the level of 1.4130-1.4155.
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"Buy on fear, sell on greed !!!
  • #2,828
  • Jan 29, 2018 11:08am Jan 29, 2018 11:08am
Quoting Petar_Serbia
{quote} +43 pips on EUR/NZD and a total of today +20 pips. Still got GBP/USD buying from 1.4074 and added another position at 1.4067. Targeting the level of 1.4130-1.4155. {image}

GBP/USD closed in minus total -43 pips. Today -0.8% on account. Tomorrow new day and new opportunities. I am posting also negative positions cause you need to understand that in this business negative positions are an integral part and in professional trading as soon you accept this like a fact the faster you can become professional.

Seyu tomorrow morning
"Buy on fear, sell on greed !!!
  • #2,829
  • Jan 30, 2018 3:09am Jan 30, 2018 3:09am
Good morning everyone

Today I found very strong confidence in the opening on EUR/JPY. We got a classic open test and drive type and I am targeting the area around 135-135.20. Let's see how this will play.
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"Buy on fear, sell on greed !!!
  • #2,830
  • Jan 30, 2018 4:18am Jan 30, 2018 4:18am
Quoting Petar_Serbia
Good morning everyone Today I found very strong confidence in the opening on EUR/JPY. We got a classic open test and drive type and I am targeting the area around 135-135.20. Let's see how this will play. {image}

Secured position on breakeven Now is a free ride. Let's see what we can get. Targeting area around 135-135.20.
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"Buy on fear, sell on greed !!!
  • #2,831
  • Edited 6:51am Jan 30, 2018 6:02am | Edited 6:51am
Quoting Petar_Serbia
{quote} Secured position on breakeven Now is a free ride. Let's see what we can get. Targeting area around 135-135.20. {image}
CLosed EUR/JPY at 135.10 and got+56 pips and about 1% on account. I finished for today Tomorrow new opportunities.
The success is coming from being educated, dedicated prepared and consistent. It took me years to stabilize trading and make it consistent. Good thing that all my knowledge and my work you would be able to learn through master class and mentorship program once the website is finished.

Seyu tomorrow with new potential opportunities on the market.
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"Buy on fear, sell on greed !!!
  • #2,832
  • Jan 31, 2018 4:44am Jan 31, 2018 4:44am
Hello traders,
I found today interesting buying opportunity on the GBP/JPY. I bought from 153.83 and will try to go for 60-80 pips. I found a buying tail confirmed and not so strong confidence on the opening and on the previous downward movement, which is a sign of strength. The risk is only about 28 pips and potential profit 60-80 pips.
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"Buy on fear, sell on greed !!!
  • #2,833
  • Jan 31, 2018 6:59am Jan 31, 2018 6:59am
Quoting Petar_Serbia
Hello traders, I found today interesting buying opportunity on the GBP/JPY. I bought from 153.83 and will try to go for 60-80 pips. I found a buying tail confirmed and not so strong confidence on the opening and on the previous downward movement, which is a sign of strength. The risk is only about 28 pips and potential profit 60-80 pips. {image}
Very good progress so far on GBP/JPY and I secured a position on breakeven and now position got free ride Currently, +37 pips on the table but will watch for a potential test of current daily high at 154.42 and act accordingly. I expect new daily high until the end of the day since we got poor high in the background. The breakout of current daily high will be very good for our position and then I will look to scale position around 154.70-155.00. Anyway, if price refuses to go higher will think to exit near current daily high.
As you see, if you got right knowledge and follow your trade plan, you won't have problems to make consistent profits over a long-term period. The problem for most of the traders is cause they base trades on mechanical systems, indicators, robots. In today's competition in this business, you cant base trade on something, which most of the traders are using. You must extend your knowledge, go beyond mechanical kinds of stuff and use your own conclusions and imagination to spot good opportunities. The market profile provides an enormous amount of information that you can use to your advantage and make good trading decisions.
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"Buy on fear, sell on greed !!!
  • #2,834
  • Jan 31, 2018 10:20am Jan 31, 2018 10:20am
Quoting Petar_Serbia
{quote} Very good progress so far on GBP/JPY and I secured a position on breakeven and now position got free ride Currently, +37 pips on the table but will watch for a potential test of current daily high at 154.42 and act accordingly. I expect new daily high until the end of the day since we got poor high in the background. The breakout of current daily high will be very good for our position and then I will look to scale position around 154.70-155.00. Anyway, if price refuses to go higher will think to exit near current daily high. As...
One of my best intraday positions this year. From the very start until the end I managed perfectly and I took 130 pips (2% on account) by risking 27 pips originally. Closed at 155.07. Finished this month with more than 5% profit. As I wrote in my previous post key elements to trading >

1. Right KNOWLEDGE
You must learn from experts in this business and not learn from 90% of the stuff you can find on the internet. ONly 10% information on the internet you can find is valuable.

2. Hard Practice on the knowledge you learned
Even if you learn from the trusted source without hard work and a lot of practice you won't go any further. It took me years to define all aspects in trading in order to work on the institutional level.

3. Self Control and Risk Contol
Even you took valuable knowledge and did a lot of practice if you cant control yourself into many trap situations that you can be, you won't be able to build consistent profit. The risk is always in the first place. We are not money managers we are at the first place risk managers.

Seyu tomorrow for new potential opportunities.


Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,835
  • Feb 1, 2018 4:21am Feb 1, 2018 4:21am
Hello traders,
Today I found only interesting bearish opportunity on GBP/JPY. I found fail range extension, strong selling tail confirmed and downward rotation. I am bearish from 156.12 (risk 33 pips) and my objective is 155.40 (70 pips).
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"Buy on fear, sell on greed !!!
  • #2,836
  • Feb 1, 2018 6:21am Feb 1, 2018 6:21am
Quoting Petar_Serbia
Hello traders, Today I found only interesting bearish opportunity on GBP/JPY. I found fail range extension, strong selling tail confirmed and downward rotation. I am bearish from 156.12 (risk 33 pips) and my objective is 155.40 (70 pips). {image}
Another good setup and atm +30 pips. I already secured a position on breakeven and now is a free ride Targeting 155.40. Again, proper knowledge, self-control and following and executing your plan is the key to successful trading.
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"Buy on fear, sell on greed !!!
  • #2,837
  • Feb 2, 2018 5:57am Feb 2, 2018 5:57am
Quoting Petar_Serbia
{quote} Another good setup and atm +30 pips. I already secured a position on breakeven and now is a free ride Targeting 155.40. Again, proper knowledge, self-control and following and executing your plan is the key to successful trading. {image}
Hello traders,
Yesterday's position was closed on breakeven. Today I see no opportunity so far but watching potential selling on GBP/JPY. Will alert you if I open any position.
"Buy on fear, sell on greed !!!
  • #2,838
  • Feb 2, 2018 8:26am Feb 2, 2018 8:26am
Bought GBP/USD at the price of 1.4162 WIth about 30 pips SL and targeting 1.4250 level. Will post chat later.
"Buy on fear, sell on greed !!!
  • #2,839
  • Feb 2, 2018 9:04am Feb 2, 2018 9:04am
Quoting Petar_Serbia
Bought GBP/USD at the price of 1.4162 WIth about 30 pips SL and targeting 1.4250 level. Will post chat later.
Closed -33 pips but opened GBP/JPY sell from 156.02 with target at around 155.25 and SL around 45 pips.
"Buy on fear, sell on greed !!!
  • #2,840
  • Feb 2, 2018 11:52am Feb 2, 2018 11:52am
Quoting Petar_Serbia
{quote} Closed -33 pips but opened GBP/JPY sell from 156.02 with target at around 155.25 and SL around 45 pips.
GBP/JPY closed on breakeven. Today small minus but next week new opportunities. Seya next week.
"Buy on fear, sell on greed !!!
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