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The ART of trading by Petar_Serbia

  • #2,881
  • Aug 16, 2018 8:05am Aug 16, 2018 8:05am
Hello traders,
I just wanted to post my view on EUR/USD today's price action. I see very mechanical weak buying today, which is a sign that once that sellers won't need much power to re-establish their larger selling positions and move EUR/USD down. Notice how in X period and buyers came just few ticks of yesterday's high (very mechanical). Don't be surprised if you see some kind of sell-off due to lack for buying power.

The key level for downside is 1.1354 >>>

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,882
  • Aug 16, 2018 11:56am Aug 16, 2018 11:56am
Quoting Petar_Serbia
Hello traders, I just wanted to post my view on EUR/USD today's price action. I see very mechanical weak buying today, which is a sign that once that sellers won't need much power to re-establish their larger selling positions and move EUR/USD down. Notice how in X period and buyers came just few ticks of yesterday's high (very mechanical). Don't be surprised if you see some kind of sell-off due to lack for buying power. The key level for downside is 1.1354 >>> Best Regards, Petar {image}
This is how market markers trick you on intraday perspective. I warned you that you don't watch for buying due to very weak and mechanical buying all day long. This is the result of weak buyers and market makers took care of intraday sellers first by taking current high atm. You need to understand this before it happens.
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"Buy on fear, sell on greed !!!
  • #2,883
  • Aug 22, 2018 5:20am Aug 22, 2018 5:20am
Hello traders,
Did bought today morning EUR/USD from 1.1566. The zone around 1.1556 was critical for the EUR/USD since price failed to go deep into single prints J, this provided the good opportunity for the long. The important level on the upside is 1.1600. The break of 1.1600 will confirm further upside extension. Don't watch for buying now since the price is trading near the resistance.

Remeber > If you get the process right.. success is the result. But if it's grueling.. you will quit. Learn to love the process and learn the right process.
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"Buy on fear, sell on greed !!!
  • #2,884
  • Aug 22, 2018 6:33am Aug 22, 2018 6:33am
Quoting Petar_Serbia
Hello traders, Did bought today morning EUR/USD from 1.1566. The zone around 1.1556 was critical for the EUR/USD since price failed to go deep into single prints J, this provided the good opportunity for the long. The important level on the upside is 1.1600. The break of 1.1600 will confirm further upside extension. Don't watch for buying now since the price is trading near the resistance. Remeber > If you get the process right.. success is the result. But if it's grueling.. you will quit. Learn to love the process and learn the right process. {image}...
Took +43 pips (2:1 RRR),nice winner today...
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"Buy on fear, sell on greed !!!
  • #2,885
  • Aug 23, 2018 4:24am Aug 23, 2018 4:24am
Hello traders,
Today, I am bearish on GBP/USD from 1.2863. I found that value is building lower today, which is a sign that consensus is bearish for today. If you ask me what is the most important in terms of the Market Profile, I would tell you the value and the perception of the value.
I also found a breakout of yesterday's low at 1.2868, forced buying activity from Tuesday and naked POC at 1.2828 also from Tuesday. One of the key aspects in trading is to understand the background + if the foreground is confirmed the background, that is the opportunity you like to see like a trader.
As the Mr. Steidlmayer wrote > When the background and foreground line up, you have both time frames on your side, expecting a bigger vertical move

I also found a tendency from buyers to try to counter downward auction but since the value is moving lower, it is very hard to do any larger up move. In my opinion, buyers got trapped by trying to buy bearish environment (that is the last thing you want to do).

I am targeting level around 1.2812 ...
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"Buy on fear, sell on greed !!!
  • #2,886
  • Aug 23, 2018 6:58am Aug 23, 2018 6:58am
Quoting Petar_Serbia
Hello traders, Today, I am bearish on GBP/USD from 1.2863. I found that value is building lower today, which is a sign that consensus is bearish for today. If you ask me what is the most important in terms of the Market Profile, I would tell you the value and the perception of the value. I also found a breakout of yesterday's low at 1.2868, forced buying activity from Tuesday and naked POC at 1.2828 also from Tuesday. One of the key aspects in trading is to understand the background + if the foreground is confirmed the background, that is the opportunity...
Did buy some back on the way up and took a small loss but I sold it again this time from 1.2890. This time the entry is on much better location near the yesterday value low and today's value high. Target around 1.2840-1.2850. As you see from today's example, the patience is a key element in trading.

Let's see how it goes ...
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"Buy on fear, sell on greed !!!
  • #2,887
  • Aug 23, 2018 10:21am Aug 23, 2018 10:21am
Quoting Petar_Serbia
{quote} Did buy some back on the way up and took a small loss but I sold it again this time from 1.2890. This time the entry is on much better location near the yesterday value low and today's value high. Target around 1.2840-1.2850. As you see from today's example, the patience is a key element in trading. Let's see how it goes ... {image}
+50 pips today. It was a nice day.
1.2812 level is support (pullback low from Tuesday). Acceptance below that level would confirm further downward movement.

Have a nice day and see ya tomorrow ...
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"Buy on fear, sell on greed !!!
  • #2,888
  • Aug 24, 2018 4:08am Aug 24, 2018 4:08am
Hello traders,
Again I am bearish today on GBP/USD. Value is building clearly lower and that would be very hard to change during the day. Remember we trade value, not the price, the price is simply an advertising mechanism. I also saw single prints between distributions (sign of possible good execution), and selling above today's value looks decent. I also found poor low (current day) at the price of 1.2799.

Targeting area around 1.2780 >
Most traders fail to achieve big success because they would rather preach than learn.. hold losses instead of admitting mistakes and make excuses rather than take responsibility. They fail because of ego !!!
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"Buy on fear, sell on greed !!!
  • #2,889
  • Aug 24, 2018 4:33am Aug 24, 2018 4:33am
Quoting Petar_Serbia
Hello traders, Again I am bearish today on GBP/USD. Value is building clearly lower and that would be very hard to change during the day. Remember we trade value, not the price, the price is simply an advertising mechanism. I also saw single prints between distributions (sign of possible good execution), and selling above today's value looks decent. I also found poor low (current day) at the price of 1.2799. Targeting area around 1.2780 > Most traders fail to achieve big success because they would rather preach than learn.. hold losses instead of...
Already secured on BE, now is a win-win position ... Let's see how it will play ... It is always good to sell something above the value
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"Buy on fear, sell on greed !!!
  • #2,890
  • Aug 24, 2018 4:35am Aug 24, 2018 4:35am
great trading Petar .....

N
  • #2,891
  • Aug 24, 2018 6:23am Aug 24, 2018 6:23am
Quoting Nvp
great trading Petar ..... N
Thank you mate
My GBP/USD position closed on BE but I bought GBP/JPY from 143.18 and will try to catch around 60 pips. This type of the trade is momentum-breakout. I found a breakout of very balanced yesterday's profile. This is the initiative type of entry and I see the perception of the value to be higher.

Much of your success will depend on recognizing present opportunities. Sometimes you go with the breakout of the balance and go with momentum but sometimes you will go for reversion to the mean type of entries. If you can trade only one type of market, you will have big problems in the long run to maintain good results. So, your success will directly depend on your ability to spot a different kind of opportunities that market present to you. Also, one of the biggest mistakes you can make is to fall in love with the position and your opinion.

Important - Always treat risk first > once the risk is in control, the results will come and you will trade much relaxed and without stress. You cant control profit but you can control risk !!!

Best Regards,
Petar
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  • #2,892
  • Aug 24, 2018 7:25am Aug 24, 2018 7:25am
Quoting Petar_Serbia
{quote} Thank you mate My GBP/USD position closed on BE but I bought GBP/JPY from 143.18 and will try to catch around 60 pips. This type of the trade is momentum-breakout. I found a breakout of very balanced yesterday's profile. This is the initiative type of entry and I see the perception of the value to be higher. Much of your success will depend on recognizing present opportunities. Sometimes you go with the breakout of the balance and go with momentum but sometimes you will go for reversion to the mean type of entries. If you can trade...
Exited with small loss GBP/JPY and re-sold again GBP/USD from 1.1250. The same scenario like early in the morning just the sellers got the even better price to establish selling positions. As I pointed earlier the value is clearly lower and chances are very high that it will stay clearly lower.

Targeting current daily low around 1.2800.
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  • #2,893
  • Aug 27, 2018 3:38am Aug 27, 2018 3:38am
Hello traders,
Today I am long EUR/USD on the intraday perspective from 1.1615. I found a 45 degree on the overnight session and also one anomaly at 1.1636 which got my attention. I am targeting an overnight high at 1.1653.
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"Buy on fear, sell on greed !!!
  • #2,894
  • Aug 27, 2018 10:34am Aug 27, 2018 10:34am
Quoting Petar_Serbia
Hello traders, Today I am long EUR/USD on the intraday perspective from 1.1615. I found a 45 degree on the overnight session and also one anomaly at 1.1636 which got my attention. I am targeting an overnight high at 1.1653. {image}
Targets reached. Be very careful if you plan to sell since the buyers are in control ...
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"Buy on fear, sell on greed !!!
  • #2,895
  • Sep 3, 2018 4:38am Sep 3, 2018 4:38am
Hello traders,
Today I am bearish on EUR/USD intraday from 1.1607. Clearly lower value comparing with Friday's value, buying climax early in the morning, poor low from Friday and poor low from today's profile. Targeting 50-70 pips. Pat attention to 1.1584 (Fridays' low).
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  • #2,896
  • Sep 3, 2018 4:50am Sep 3, 2018 4:50am
hi petar

euro and USD both flattish today so far .....you were right in EU drifting up from 1580s to 1620's so far

i'm mainly on Cable scalp selling from 6am london .....2900 down to 2870's so far
  • #2,897
  • Sep 3, 2018 7:15am Sep 3, 2018 7:15am
Quoting Nvp
hi petar euro and USD both flattish today so far .....you were right in EU drifting up from 1580s to 1620's so far i'm mainly on Cable scalp selling from 6am london .....2900 down to 2870's so far
Hey mate,
Nice trading there on selling GBP/USD. I am still holding my short on EUR/USD and expect till the end of the day re-test of Friday's low at 1.1584 or at least re-test of current today's low at 1.1589. Both lows are poor and I think it is a question of time when they go to visit them. Anyway, let's wait and see...
My risk is on control and even if the position is not good, it won't hurt much.

I repeat that to traders every day.

Approach Every Trade Risk-First

If you want to mitigate risk effectively, you simply must acknowledge that currencies don’t manage themselves. You’re the manager, and it’s up to you to protect your hard-earned capital. With every trade I make, my approach is always “risk-first.” By thinking and acting “risk-first,” you know exactly what you stand to lose if you’re wrong, which in trading is far more important than what you stand to gain if you’re right because if you lose all your chips, the game is over. If you get complacent and fail to respect risk, you will fail to attain big success or you will give back what you worked to attain. This I can promise you.
"Buy on fear, sell on greed !!!
  • #2,898
  • Sep 3, 2018 7:17am Sep 3, 2018 7:17am
Quoting Petar_Serbia
{quote} Hey mate, Nice trading there on selling GBP/USD. I am still holding my short on EUR/USD and expect till the end of the day re-test of Friday's low at 1.1584 or at least re-test of current today's low at 1.1589. Both lows are poor and I think it is a question of time when they go to visit them. Anyway, let's wait and see... My risk is on control and even if the position is not good, it won't hurt much. I repeat that to traders every day. Approach Every Trade Risk-First If you want to mitigate risk effectively, you simply must acknowledge...

absolutely petar.....thats the difference between sucessful traders vs the rest ..........
  • #2,899
  • Sep 3, 2018 7:26am Sep 3, 2018 7:26am
Many traders asked me how they cant be successful even they put hours and hours in front of the chart. I will try to give you the answer on that one >

It’s not just putting in the hours that will make you successful; it’s the persistent intention to improve by examining your results, tweaking your approach, and making incremental progress. In the book The Talent Code, Daniel Coyle refers to this process as “deep practice”—not just doing the same thing over and over, but using feedback to make adjustments and making practice more meaningful.

I was a terrible trader when I first started out. The success I eventually achieved didn’t come from natural talent. Unconditional persistence and learned discipline brought me where I am today. And I know, even today, if I break my discipline, I could easily go from success to failure.
"Buy on fear, sell on greed !!!
  • #2,900
  • Sep 3, 2018 12:06pm Sep 3, 2018 12:06pm
Quoting Petar_Serbia
Hello traders, Today I am bearish on EUR/USD intraday from 1.1607. Clearly lower value comparing with Friday's value, buying climax early in the morning, poor low from Friday and poor low from today's profile. Targeting 50-70 pips. Pat attention to 1.1584 (Fridays' low). {image}
Got small minus on this one. Since the price failed to even test low, it is a sign that sellers are weak and that EUR may rally Upward levels to watch are set at 1.1655, 1.1664 and 1.1689.
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"Buy on fear, sell on greed !!!
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