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The ART of trading by Petar_Serbia

  • #2,921
  • Oct 10, 2018 5:53am Oct 10, 2018 5:53am
Hello good people,
Got time today to update you on EUR/USD. Yesterday EUR/USD didn't have the power to sustain the breakout of the 4-day balance and the price returned to the POC as like I warned you that it might happen. This is basically the sign of strength. Anyway, watching today development, I have found that value is building higher (overlapping to higher) and we got poor high at the price of 1.1515. Also, there is a fat today's POC at 1.1508 and since the EUR/USD is trading at 1.1492, intraday traders are selling below the POC (potential intraday trap). If you collect all the pieces, you can find that buyers are slowly taking control from the sellers and potential recovery rally might happen on EUR/USD. I won't be surprised to see that price back and take current daily high at 1.1515 and continue higher till the end of the day.

The short-term upper references are set at 1.1550 and 1.1592 (5-day balance high)

Balance trading rule is active. Price looked below the 4-day balance and failed, expect a test of the other side of the balance.

If you have any question in relation to this analysis or mentorship program, feel free to ask >

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,922
  • Oct 10, 2018 6:42am Oct 10, 2018 6:42am
Video for you >

Inserted Video
"Buy on fear, sell on greed !!!
  • #2,923
  • Oct 10, 2018 7:02am Oct 10, 2018 7:02am
Updated first post >
https://www.forexfactory.com/showthread.php?t=267631
"Buy on fear, sell on greed !!!
  • #2,924
  • Oct 22, 2018 5:18am Oct 22, 2018 5:18am
Hello dear traders,
I found a solid bearish opportunity on EUR/USD. I am bearish from 1.1518 since I found a weakness in the background and current conditions confirming that. The bullish day on Friday, in my opinion, faked a lot of traders (buyers) since they were very happy once they saw the bullish outside day on Friday. Now, since we are using market profile in our analysis, We don't follow price blindly, pay attention to Friday structure. It was a very poor structure and very poorly executed from the buyers (weak traders buying). The POC didn't migrate with the price and it remained at 1.1458 (fat POC), which is a strong sign that weakness is present even you see the price is going higher on Friday. Next thing I noticed is that the day for itself was a double distribution day but the key point here is that buyers didn't manage to sustain double distribution and today the sellers overwhelmed buyers, which was another big clue for my entry today. Next thing I noticed is selling tail in U period, which marked the end of the upward auction this morning and start of the downward auction. A lot of clues today, I also noticed that POC for today didn't migrate with the price on the upside breakout of Friday's high, which is another big warning for the upside,

I am targeting levels at 1.1458 and Friday's lot at 1.1433.

Feel free to ask any question or comment >

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,925
  • Oct 22, 2018 3:15pm Oct 22, 2018 3:15pm
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  • #2,926
  • Oct 25, 2018 7:55am Oct 25, 2018 7:55am
Quoting Petar_Serbia
Hello dear traders, I found a solid bearish opportunity on EUR/USD. I am bearish from 1.1518 since I found a weakness in the background and current conditions confirming that. The bullish day on Friday, in my opinion, faked a lot of traders (buyers) since they were very happy once they saw the bullish outside day on Friday. Now, since we are using market profile in our analysis, We don't follow price blindly, pay attention to Friday structure. It was a very poor structure and very poorly executed from the buyers (weak traders buying). The POC didn't...
Hello traders,
Didn't have time to post an update since I was very busy with my own trading. This week so far looks very good for me and around +4% atm this week. Anyway, wanted to post an update on my current position on AUD/JPY (long). Took long from 79.36 when I saw that sellers failed to initiate selling positions and they failed to sustain the breakout of the multiday balance. That was a key clue today. The background looks very flat and yesterday we got a classic 45-degree day and POC didn't migrate with the price, which is a sign that sellers probably got short in the hole (selling below POC). Big clue in the background was also 4 days in a row I found poor and insecure highs, which is a sign that selling came from weak money. Now, my position is secure to BE and will try to target around 80.35 but the next upward reference is yesterday's high at 80.02.

So much of the trading is understanding nuances and being able to adapt to different market conditions relatively quickly. Got a lot of questions am I a trend trader or counter-trend trader or what type of market I trade. As a professional trader, you should be able to trade both market environment - when the market is balancing we got balancing trading rules and when we recognize trending conditions, we also got rules how we trade. Also, you should learn to trade non - mechanically and to use market understanding + self-understanding when you base your analysis. I know that most of the traders want to know exactly when you buy and when you sell but trading is art, not the science. The most important thing you need to learn is the whole process of analyzing the market and how you can implement that in your trading. The process if very large and that is why I dedicate 1 month of private mentoring to prepare you to think and understand market like a professional. The market profile is a great tool ( real-time evolving database) from where we extact many important clues of what is market trying to tell us and do we have an asymmetric trading opportunity.

Feel free to comment or ask any question in relation to this post or mentorship program.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,927
  • Nov 5, 2018 10:41am Nov 5, 2018 10:41am
Hello traders,
Found some time to post an update on EUR/USD and my positioning. I bought a small position today from 1.1375 and still holding it. Today I found lack of acceptance below 1.1365 (lower distribution from last Thursday ). I also found the buying tail in d print, which is a sign of aggressive buyers entered the market. Friday let us a lot of anomalies and not conventional down day (weak sellers), which is another sign that buyers may step in and that we may rally. In my opinion, Friday down day was the only reaction on the strong up day from Wednesday. Current high at 1.1405 (Friday's POC) looks poor and I expect further upward movement and potential repair of a lot of anomalies from Thursday. The level of 1.1450 is my focus. Anyway, for the downside, I would like to see that price cover single prints in d period from today and confirm acceptance down below 1.1365.

If you have any question, feel free to ask >
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"Buy on fear, sell on greed !!!
  • #2,928
  • Nov 6, 2018 5:07am Nov 6, 2018 5:07am
Quoting Petar_Serbia
Hello traders, Found some time to post an update on EUR/USD and my positioning. I bought a small position today from 1.1375 and still holding it. Today I found lack of acceptance below 1.1365 (lower distribution from last Thursday ). I also found the buying tail in d print, which is a sign of aggressive buyers entered the market. Friday let us a lot of anomalies and not conventional down day (weak sellers), which is another sign that buyers may step in and that we may rally. In my opinion, Friday down day was the only reaction on the strong up day...

Hello traders,
I took around 35pips from yesterday's long position but did close today early in the morning once I saw that there is no further progress on the upside and fake breakout of yesterday's high. The current is auction is down together with momentum. I have no positions on EUR/USD but downward reference points are set at

1.1390 - Yesterday's POC
1.1376 - Yesterday's VAL
1.1353 - Yesterday's LOW

Anyway, I sold today EUR/CAD from 1.4965 since I found selling tail and no progress on the upside. There is also a cluster of highs in the background near 1.4982, which is another sign of weakness. Yesterday, I found a fat POC at 1.4924 (my first target) and my second target is set at 1.4897 (anomaly from yesterday). Again, I got a small position as always. ONe of the main thing in this business is to trade a comfortable size and never let emotions overcome you. Maybe the best advice I can give you on this subject is once you see that you act emotionally while you are in the trade and watch closely every pip move, that is a sign that you don't trade your comfort size so you should lower it.

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading!
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"Buy on fear, sell on greed !!!
  • #2,929
  • Nov 8, 2018 3:34am Nov 8, 2018 3:34am
Hello traders,
Got some time to post my update on EUR/USD. I am neutral to bearish on this currency pair. What I see atm. on the market is that value is building lower for today relative to the previous day, which is a sign that consensus is down for today. Don't forget we trade value, not the price. Watching yesterday's profile I found very weak structure on the upside and the very poor close (well off the high), which is a sign that there is no any serious money atm. on the upside. EUR/USD is in short-long term balance and large investors are still on the hold on this currency pair. Anyway, on the short -term I found a weakness on the upside and that is the sign that down move may happen soon. Downward references are set at 1.1393 and at the price of 1.1354. I also noticed poor high from yesterday but poor high may be also a sign that market went too long but that is one information we carry further.
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"Buy on fear, sell on greed !!!
  • #2,930
  • Nov 8, 2018 8:25am Nov 8, 2018 8:25am
Hello Petar, I have this indi: TPO Chart, but What is It?
https://www.forexfactory.com/attachm...1&d=1507290849
  • #2,931
  • Nov 8, 2018 11:53am Nov 8, 2018 11:53am
Quoting Steven40
Hello Petar, I have this indi: TPO Chart, but What is It? https://www.forexfactory.com/attachm...1&d=1507290849
Hello Steven40 and welcome to the thread. That is multisession market profile indicator and I use it only for intraday trading. I use TPOchart2 Indicator for the daily and composite profiles. Market Profile is very complex and it takes a lot of knowledge and practice before anyone master but it is very worth after you master it.

This is an update on EUR/USD from early morning. As I expected, the price went to test and did breakout of 2 days low at 1.1393. If we get acceptance below this level, next downward reference is set at 1.1353 (current weekly low). Don't forget we are 1h before FOMC so secure your positions if you got any and wait to see what reaction will be.

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

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,932
  • Nov 8, 2018 12:12pm Nov 8, 2018 12:12pm
great work Petar ......guys this is an excellent thread to follow
  • #2,933
  • Nov 8, 2018 12:32pm Nov 8, 2018 12:32pm
Quoting Nvp
great work Petar ......guys this is an excellent thread to follow
Thanks a lot, mate, how you doing?
One of the biggest problems for traders is they are too much focused on the price itself. I teach my students that price is nothing more than advertising mechanism and that we trade value not the price. I also teach my students to think in terms of odds and to embrace the process and not to be focused on the mechanical type of trading. Trading is not science it is an art.
"Buy on fear, sell on greed !!!
  • #2,934
  • Nov 9, 2018 3:11am Nov 9, 2018 3:11am
Quoting Petar_Serbia
{quote} Hello Steven40 and welcome to the thread. That is multisession market profile indicator and I use it only for intraday trading. I use TPOchart2 Indicator for the daily and composite profiles. Market Profile is very complex and it takes a lot of knowledge and practice before anyone master but it is very worth after you master it. This is an update on EUR/USD from early morning. As I expected, the price went to test and did breakout of 2 days low at 1.1393. If we get acceptance below this level, next downward reference is set at 1.1353 (current...
Hello traders,
As I mentioned yesterday. Weakness was a present and poor structure on the upside and the result is that EUR/USD went lower and my second reference got tested and broken at the price of 1.1353. The value for today is clearly lower and that is a sign that sellers are in control and any buying looks extremely risky. Next downward reference is the 7-day poor low at the price of 1.1303. Sell on the rallies will be a good idea for intraday trading EUR/USD. Again, so much of the trading is understanding the background and understanding nuances and the foreground.
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"Buy on fear, sell on greed !!!
  • #2,935
  • Nov 9, 2018 3:31am Nov 9, 2018 3:31am
Quoting Petar_Serbia
{quote} Thanks a lot, mate, how you doing? One of the biggest problems for traders is they are too much focused on the price itself. I teach my students that price is nothing more than advertising mechanism and that we trade value not the price. I also teach my students to think in terms of odds and to embrace the process and not to be focused on the mechanical type of trading. Trading is not science it is an art.

hey Petar

i am just fine .....I am a big fan of your style and am flattered you incorporate some of my strengthmeter techniques in your Forex approach

some great advice you give here - also I would add that it is vital for traders to step back and embrace the structure of the wider market .....then drop down to more detailed analysis

good trading !

Neil

NVP - FXCorrelator.com
  • #2,936
  • Nov 11, 2018 9:05am Nov 11, 2018 9:05am
Quoting Nvp
{quote} hey Petar i am just fine .....I am a big fan of your style and am flattered you incorporate some of my strengthmeter techniques in your Forex approach some great advice you give here - also I would add that it is vital for traders to step back and embrace the structure of the wider market .....then drop down to more detailed analysis good trading ! Neil NVP - FXCorrelator.com
Hey mate,
I am glad that you are fine
Traders need to get away from the mechanical type of trading and get away from price-based entries. It is about the process and hard work with a lot of dedication. Also, it's important to know that approx. 90% of the knowledge you get around the internet isn't reliable. You need worth knowledge and qualitative education if you even think about any kind of success in the long term. Success is a journey, not a destination. I am planning in a few months to start group 1 month education at a very affordable price. Will let you know about my further projects in the future. Tomorrow new day and new opportunities.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,937
  • Nov 11, 2018 10:22am Nov 11, 2018 10:22am
hey petar

sure lets stay in touch ....I have very very few traders on my recommended list as triners / mentors .....happy to have you on that list as your style is very very powerful and effective.....

N
  • #2,938
  • Nov 12, 2018 5:14am Nov 12, 2018 5:14am
Quoting Petar_Serbia
{quote} Hello Steven40 and welcome to the thread. That is multisession market profile indicator and I use it only for intraday trading. I use TPOchart2 Indicator for the daily and composite profiles. Market Profile is very complex and it takes a lot of knowledge and practice before anyone master but it is very worth after you master it. This is an update on EUR/USD from early morning. As I expected, the price went to test and did breakout of 2 days low at 1.1393. If we get acceptance below this level, next downward reference is set at 1.1353 (current...
Hello traders,
Do you remember what I posted about EUR/USD back a few days ago? I alerted you about weak structure on the up days, which did result with the sell-off on the market. So much of the trading is understanding the background and being patient with the timing once you see the change start to happen. Trading is about changes, if you are not able to recognize change fast, you can have a lot of trouble in the trading. Current EUR/USD price is at 1.1253 and I alerted you that you should watch for selling when the price was around 1.1400. Today, we got a double distribution trend day and clearly lower value, which is a strong sign that strong bearish momentum and the short-term downward trend is present. The worst thing you can do is to fade the trend day !!! Now you probably wondering where EUR/USD is potentially heading? There is a short-term reference at 1.1125 but the long-term reference for EUR/USD is set at 1.0340. Anyway, let's go step by step and day by day. The level of 1.3125 is the first significant reference that I will pay attention.

On the bar chart, I found that about 1-year HSS formation is building and that price did break low from August 12, which is another confirmation that larger timeframe money is present. Watch for selling opportunities on the rallies.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,939
  • Nov 13, 2018 5:19am Nov 13, 2018 5:19am
Hello traders,
Today neutral structure so far on EUR/USD and slow tempo with POC at 1.1236. Anyway, the value is overlapping to lower relative to yesterday and so far there is no change, sellers still in control. Currently, we got secure high (single prints in U period) and poor low at the price of 1.1215.

Down reference - Poor low at 1.1215
Up references - 1.1261 Yest. POC and 1.1282 (Top of the lower distribution)
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"Buy on fear, sell on greed !!!
  • #2,940
  • Nov 13, 2018 6:06am Nov 13, 2018 6:06am
Hello Petar! One question? What is your configuration for TPOChart to start the day : 00:00 GMT?...Mi grafica no tiene That poor low
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