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The ART of trading by Petar_Serbia

  • #2,941
  • Nov 14, 2018 4:29am Nov 14, 2018 4:29am
Quoting Steven40
Hello Petar! One question? What is your configuration for TPOChart to start the day : 00:00 GMT?...Mi grafica no tiene That poor low {image}
Hello Steven40,
You need to put 1 pip to be row size. There is a lot of stuff even in how to set up properly in order to organize price in a good way but that is a part of the mentorship program. Market profile is a huge subject and trading is very complex but with the proper valuable knowledge you can make it much easier and simplify your trading and your life . If you are interested in the mentorship program you can contact me via skype petar.jacimovic and there we can talk more about.

Back into trading and update on EUR/USD >

Yesterday I found that EUR/USD did rally and price tested level of 1.1320 but the structure was terrible for the upside and the poor low from yesterday suggested that there is no any serious money involved. You will notice that value was overlapping to lower yesterday even that price went higher and finished near the high, this is classic weak money trying to push the market higher but with no success. Now, if you blindly follow the price, you will be happy to buy since you see that day finished near the high and that market is going higher but as I always say, you can be very mislead trading only based on price since you don't understand the underlying structure. Today, I found that price looked above the previous day high at 1.1293 and failed to sustain above (sign of weakness).

Downward references :

1.1236 - Yest. POC
1.1215 - Yes. poor LOW

Current POC at 1.1293

Never forget that trading is a journey, not a destination.
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"Buy on fear, sell on greed !!!
  • #2,942
  • Nov 14, 2018 9:43am Nov 14, 2018 9:43am
Quoting Petar_Serbia
{quote} Hello Steven40, You need to put 1 pip to be row size. There is a lot of stuff even in how to set up properly in order to organize price in a good way but that is a part of the mentorship program. Market profile is a huge subject and trading is very complex but with the proper valuable knowledge you can make it much easier and simplify your trading and your life . If you are interested in the mentorship program you can contact me via skype petar.jacimovic and there we can talk more about. Back into trading and update on EUR/USD > Yesterday...
Hello everyone,
This is an update on the EUR/USD. EUR/USD spiked up on some rumors about Brexit but don't get trapped by the price. The structure looks terrible for the upside and most recently we got potential excess for the day in J period. Excess is a sign that aggressive sellers enter the market and we potentially got completed auction on the upside. I still carry information forward that we got poor low from yesterday and poor for today atm. Also, the price is trading above current POC at 1.1292, which is a sign that buyers went too long. I am still neutral on EUR/USD but I am warning you about terrible structure on the upside, which may result with the sell off in near future. Today value is clearly higher and once we start to rotate lower value potentially tomorrow, confirmation for donwside will happen.

Downward references are set :

1.1292 - Today's POC
1.1263 - Today's poor low
1.1236 - Yesterday's POC
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"Buy on fear, sell on greed !!!
  • #2,943
  • Nov 16, 2018 4:12am Nov 16, 2018 4:12am
Hello traders,
I did a small short position on EUR/USD from 1.1343 due to a very weak structure on the upside today and in the past few days + EUR/USD didn't find acceptance above yesterday's high at 1.1362, which is another sign that buyers are weak money. Yesterday was a 45 degree line day and no elongation on the upside even that day closed positive. There is also a selling tail atm. in W period and poor low at 1.1321. Yesterday's fat POC at 1.1314 took my attention and tarere is high odds that it will be revisited today. Yesterday's spike high is my final destination at 1.1284. Trading is about odds and if you got odds in your favor, you go into the market. Most of the times market is in equilibrium and in an unfavorable condition. To able to sit back even for a few days before any single position is the thing most of the even exp. traders fail to do.

Remember trading is odds based business and it is not forecasting business. 90% of traders are in love with enjoying when they right and think that it's about predicting the market. You don't earn money with trying to predict, you earn money with trading when the odds are high and to trigger it under favorable conditions. To be able to understand the odds and the whole process you need a qualitative education, which is why I started mentoring others who are on the same page with thinking. Read the first post for more info on what you will learn and how to contact me - https://www.forexfactory.com/showthread.php?t=267631

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 !!!
  • #2,944
  • Nov 16, 2018 4:23am Nov 16, 2018 4:23am
Quoting Petar_Serbia
Hello traders, I did a small short position on EUR/USD from 1.1343 due to a very weak structure on the upside today and in the past few days + EUR/USD didn't find acceptance above yesterday's high at 1.1362, which is another sign that buyers are weak money. Yesterday was a 45 degree line day and no elongation on the upside even that day closed positive. There is also a selling tail atm. in W period and poor low at 1.1321. Yesterday's fat POC at 1.1314 took my attention and tarere is high odds that it will be revisited today. Yesterday's spike high...
Hey Petar! you are very busy with your thread, about the TPO and MP auction tools, how do you find using the tools in a decentralised market such as spot currencies? Is it useful for analysis in these kind of markets?
  • #2,945
  • Nov 16, 2018 4:38am Nov 16, 2018 4:38am
Quoting vwap
{quote} Hey Petar! you are very busy with your thread, about the TPO and MP auction tools, how do you find using the tools in a decentralised market such as spot currencies? Is it useful for analysis in these kind of markets?
Hello vwap and welcome to the thread. I am using it for more than 7 years on Forex with great success. Auction theory and market profile can be used on any market, which is financial in nature. There are different volatility on different markets and different type of fundamentals but overall auction theory can be used on any market, which is financial in nature. I am using it for Stocks also, one of my students, use it the for real estate market. It is a very large subject and it needs maybe even years to really master it fully but once you are there it will become your best friend. My mentorship program is designed to teach you the whole process of thinking together with everything else. It is not mechanical system buy there to sell here, it is more odds base understanding (thinking) combined with a set of rules.

Update on EUR/USD, I secured on BE >
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"Buy on fear, sell on greed !!!
  • #2,946
  • Edited 6:29am Nov 19, 2018 6:11am | Edited 6:29am
Hello dear traders,
Update on the EUR/USD. My intraday position was closed on BE. Friday did bring us a double distribution uptrend day, which is a sign that there is some larger time - frame money present on the market. Today, the value is building clearly higher and that is very hard to change, which represent a short-term upward trend. The high from Nov 7 (1.1500) was poor and I alerted you that it is possible that its only liquidation break on the downside. My focus is now on the levels at 1.1465 (naked POC) and poor high at 1.1500, there are likely chances that we go to re-test poor high in the background. The price stopped at naked fat POC 1.1430 in the background. I don't have any position so far on EUR/USD but the short-term trend is up with a tendency to continue higher to re-visit poor high. Today I found a neutral day but the value is clearly higher. The worst thing you can do is to fade the short - term trend. Buying on the dips are favorable.

For any downside thinking, I would like to see acceptance down below 1.1367.
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"Buy on fear, sell on greed !!!
  • #2,947
  • Nov 19, 2018 10:16am Nov 19, 2018 10:16am
Quoting Petar_Serbia
Hello dear traders, Update on the EUR/USD. My intraday position was closed on BE. Friday did bring us a double distribution uptrend day, which is a sign that there is some larger time - frame money present on the market. Today, the value is building clearly higher and that is very hard to change, which represent a short-term upward trend. The high from Nov 7 (1.1500) was poor and I alerted you that it is possible that its only liquidation break on the downside. My focus is now on the levels at 1.1465 (naked POC) and poor high at 1.1500, there are...
Naked POC at 1.1465 reached and price did some kind of rejection but still, the trend is up and value is clearly higher. Next upward reference is poor high at 1.1500.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,948
  • Nov 20, 2018 5:33am Nov 20, 2018 5:33am
Quoting Petar_Serbia
{quote} Naked POC at 1.1465 reached and price did some kind of rejection but still, the trend is up and value is clearly higher. Next upward reference is poor high at 1.1500. Best Regards, Petar {image}
Hello traders,
This is an update on the EUR/USD. Yesterday was a double distribution trend day with the clearly higher value closing near the high. Anyway, yesterday's structure on the upside was weak and not confident, which is the first sign of weakness. Today, I found that EUR/USD tried to go above yesterday's high but it failed and we got a fake breakout and selling tail in W print (aggressive sellers entered the market), which is another sign of weakness. Today let us poor low at 1.1422 and potential for double distribution trend day. I also see that EUR/USD is getting acceptance into yesterday's value which is the first sign of potential rotation downward. The only positive thing for the upside is a clearly higher value so far but all others aspects are against upward continuation. Careful longs and downward references are set at 1.1420 and 1.1395.

Again, I am calling you to join the mentorship program and move your trading to the next level.
If you have any question or comment, feel free to post

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,949
  • Nov 20, 2018 10:53am Nov 20, 2018 10:53am
Quoting Petar_Serbia
{quote} Hello traders, This is an update on the EUR/USD. Yesterday was a double distribution trend day with the clearly higher value closing near the high. Anyway, yesterday's structure on the upside was weak and not confident, which is the first sign of weakness. Today, I found that EUR/USD tried to go above yesterday's high but it failed and we got a fake breakout and selling tail in W print (aggressive sellers entered the market), which is another sign of weakness. Today let us poor low at 1.1422 and potential for double distribution trend day....
As I alerted you early this morning. Both down references are cleared. Now, acceptance down below 1.1368 will potentially lead us to 1.1321 (poor low from Friday).
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"Buy on fear, sell on greed !!!
  • #2,950
  • Nov 21, 2018 3:42am Nov 21, 2018 3:42am
Hello traders,
Just to update you on EUR/USD. I am bearish from 1.1395 (already secured on be). Yesterday we got down day with the close near the low and with a poor low at 1.1358. Today, the price tried to go into yesterday's value but it got rejected and we got selling tail in X print. Also, today's low is poor at 1.1365. Value is clearly lower and probably that would stay during the whole day since its very hard to move it now even to overlap lower.

Target opened but yesterday's poor low at 1.1358 is on my radar and naked POC from a few days ago at 1.1336.

Trading is an art, not a science ! Think of a trader more like an information processor where you need to collect pieces of the puzzle and create a picture. A lot of knowledge and hard work is needed in order to make it successful.

Market understanding + self understanding = Results
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"Buy on fear, sell on greed !!!
  • #2,951
  • Nov 22, 2018 9:49am Nov 22, 2018 9:49am
Quoting Petar_Serbia
Hello traders, Just to update you on EUR/USD. I am bearish from 1.1395 (already secured on be). Yesterday we got down day with the close near the low and with a poor low at 1.1358. Today, the price tried to go into yesterday's value but it got rejected and we got selling tail in X print. Also, today's low is poor at 1.1365. Value is clearly lower and probably that would stay during the whole day since its very hard to move it now even to overlap lower. Target opened but yesterday's poor low at 1.1358 is on my radar and naked POC from a few days...
Hello traders,
The market is in big uncertainty and not easy to establish a fresh head trading idea but I found interesting potential on EUR/USD. I started to sell from 1.1405 since I saw that market is going higher on the very slow paste and terrible structure from the market profile standpoint. I also found that there are 3 poor lows in the past 3 days, which is a sign that buying is done by weak trading money and selling into the rally looks like the best idea. There is also excess in b period, which is a sign that aggressive traders started to sell.

Downward references are set at :

1.1380 - current daily low
1.1365 - 2 day low
1.1358 - 3 day low

Don't forget that so much of the trading is about reading the nuances and understanding the structure. The understand background is also very important. Your job like a professional trader is to find good opportunities and trigger them under the favorable conditions. Also, never forget that you are also risk manager and if you go crazy or extend the risk, you will be eaten by the market. Qualitative and proven knowledge is needed in order to try to battle for the consistent profit. I am here to help anyone and teach anyone to survive and make success in this very hard business. IF you are interested in my mentorship program let me know ....

Feel free to comment or ask any question related to the what I wrote ...
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"Buy on fear, sell on greed !!!
  • #2,952
  • Nov 23, 2018 2:55am Nov 23, 2018 2:55am
Quoting Petar_Serbia
{quote} Hello traders, The market is in big uncertainty and not easy to establish a fresh head trading idea but I found interesting potential on EUR/USD. I started to sell from 1.1405 since I saw that market is going higher on the very slow paste and terrible structure from the market profile standpoint. I also found that there are 3 poor lows in the past 3 days, which is a sign that buying is done by weak trading money and selling into the rally looks like the best idea. There is also excess in b period, which is a sign that aggressive traders...
Good morning traders,
As I mentioned yesterday, EUR/USD cant go much upside on the terribly weak structure, which is the result of today's sell-off. I secured my position on breakeven and will try to take 2:1 or 3:1 RRR. Most of the traders didn't feel comfortable to sell yesterday and they were even expecting higher price but most of the time when you are not that comfortable, there are best positions because is if it is too obvious, it's not good and its potentially trap. Patience is needed in this business if you even think about any success, so patience holding the position from yesterday paid off. Buying looks extremely risky since there is a potential for the double or multi-distribution trend day.

We got downward references at :

1.1358 (Tuesday's poor low)
1.1337 - (Last Friday's POC)
1.1320 - Last Friday low

Hope that you are also on the bear side

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

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,953
  • Nov 23, 2018 3:04am Nov 23, 2018 3:04am
agreed

euro and GBP still selling this morning into stronger yen and USD ......

GBP enjoyed a surge yesterday off brexit news ....but has struggled overnight and london session so far to hold

im a huge fan of your trading style Petar as you know ...one day i will set aside the time to learn it properly

N
  • #2,954
  • Nov 26, 2018 6:57am Nov 26, 2018 6:57am
Quoting Nvp
agreed euro and GBP still selling this morning into stronger yen and USD ...... GBP enjoyed a surge yesterday off brexit news ....but has struggled overnight and london session so far to hold im a huge fan of your trading style Petar as you know ...one day I will set aside the time to learn it properly N
Thank you for your kind words mate. I planning for next year website and a lot of stuff there to enjoy.
Update on EUR/USD. I am still holding short from 1.1405 from last week and that position is secured. Anyway, I added today another smaller position from 1.1367 since I saw again weak rally and very bad structure on the upside, which is another sign that buyers are weak traders trying to counter the downward trend. So far, we got weak-poor low at 1.1326 and overlapping to lower value today relative to Friday's value.

Downside references are:

1.1326 - today's weak low
1.1313 - naked POC
1.1263 - Poor low from 2 weeks ago
1.1237 - Naked POC from 2 weeks ago
1.1215 - Major short-term poor swing low and my main objective

Upward references are :

1.1383 (secure high)
1.1385-1.139 - sing prints zone

I don't see any meaningful power on the upside so, in my opinion, this morning rally is only correction to Friday's down trend day.

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 !!!
  • #2,955
  • Nov 26, 2018 8:27am Nov 26, 2018 8:27am
hey Petar ....great news on the Website - good luck with that

heres a snapshot of the G8 currencies on one of my customised Strengthmeters

its baselined from 1/1/2018 so you can see where all the G8 are re 2018 performance

you can see the Blue Euro is languishing with the brown CAD and Red GBP as the dog of the G8 Group

the superstar bulls are the green USD and the yellow Yen .....

nobody knows what will happen next .....but I really need the Blue Euro to show me a little more before i would decide if it is indeed continuing to sell or is in fact consolidating into more gains off its yearly low in November ......so nothing here to call on EU at this T/F

sorry thats not a call .....i trade this kind of pattern style across all timeframes and especially when scalping (which is 90% of my trading these days) ....so i can afford to wait as the best trade signals come to me .....

Good trading
Neil
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  • #2,956
  • Nov 26, 2018 8:34am Nov 26, 2018 8:34am
hey Petar

when you have a website let me know and i will add it to my recommended trader listings at my website

cheers
N

http://fxcorrelator.wixsite.com/nvp1...-links-systems
  • #2,957
  • Nov 26, 2018 11:22am Nov 26, 2018 11:22am
Quoting Nvp
hey Petar ....great news on the Website - good luck with that heres a snapshot of the G8 currencies on one of my customised Strengthmeters its baselined from 1/1/2018 so you can see where all the G8 are re 2018 performance you can see the Blue Euro is languishing with the brown CAD and Red GBP as the dog of the G8 Group the superstar bulls are the green USD and the yellow Yen ..... nobody knows what will happen next .....but I really need the Blue Euro to show me a little more before i would decide if it is indeed continuing to sell or is in fact...
Hey mate,
Good writing there. I don't wait for much confirmation when I trade since the price is simply an advertising mechanism and for me, structure and background are everything. Also when I open position I always try to trigger position on the favorable price relative to profile structure. Generally, every my trade starts like an intraday and then if the structure and conditions are still favorable before the day ends, I extend and then position becoming swing position.

So much of the trading is about changes and recognizing potential change or continuation is the key. I see that most traders "mentors" are focusing on only entry mechanism and there is very little knowledge about how to manage position once you are in. Besides the knowledge, the big difference between a professional trader and part-time - retail is understanding managing risk and managing position once you are in. My plan is to create a website where I will offer qualitative education and good updates on the market where the traders can enjoy and use that to increase their success. Anyway, more about that once is ready. Currently, I do offer 1 on 1 mentorship program - 30 days of intensive mentoring > My kind advice for anyone who is serious in this business and wants to become an independent thinker - trader.

Update on EUR/USD >

Value is still overlapping to lower relative to Friday's value and the price did start to trade lower so I secured added position on the breakeven. The first task to break and test is poor-weak low at 1.1326.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,958
  • Nov 26, 2018 11:44am Nov 26, 2018 11:44am
hey petar

interesting concepts and i wish you all the success on that ........since most of my trading is done holding trades inside 3-5 mins i tend to have relatively mechanical systems to manage my exit criteria ........

I 100% agree though that traders are far to hung up on entry prices and have scant idea and knowledge of managing exit strategies .....I think this is a major contributor to having such large failure rates for traders ........

so whatever you provide will be very valuable and useful

N
  • #2,959
  • Nov 27, 2018 4:31am Nov 27, 2018 4:31am
Quoting Nvp
hey petar interesting concepts and i wish you all the success on that ........since most of my trading is done holding trades inside 3-5 mins i tend to have relatively mechanical systems to manage my exit criteria ........ I 100% agree though that traders are far to hung up on entry prices and have scant idea and knowledge of managing exit strategies .....I think this is a major contributor to having such large failure rates for traders ........ so whatever you provide will be very valuable and useful N
Hello traders,
Thank you mate and I wish you good success too Want to add on not only that most of the traders don't focus on managing and exit part, they focus too much on the price for itself. I insist on my education to start thinking in terms of odds and structure and not on price or price-oriented indicators.

Price is simply an advertising mechanism !!!

Update on EUR/USD >
Value today is overlapping to lower relative to yesterday, which is an indication of the short-term downtrend. Naked POC at 1.1314 got revisited and price stopped around that level. Anyway, we trade value not the price. I am still holding my two positions from 1.1403 and 1.1367. I don't see any indication of reversal or big warning on the downside so patience is needed.

Downward references are set -

1.1263 - poor low from 2 weeks ago
1.1237 - naked POC from 2 weeks ago
1.1215 - key short-term poor low

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

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,960
  • Nov 28, 2018 5:43am Nov 28, 2018 5:43am
Quoting Petar_Serbia
{quote} Hello traders, Thank you mate and I wish you good success too Want to add on not only that most of the traders don't focus on managing and exit part, they focus too much on the price for itself. I insist on my education to start thinking in terms of odds and structure and not on price or price-oriented indicators. Price is simply an advertising mechanism !!! Update on EUR/USD > Value today is overlapping to lower relative to yesterday, which is an indication of the short-term downtrend. Naked POC at 1.1314 got revisited and price...
Hello traders,
Just to update on my EUR/USD positions. I am still holding my 2 sell positions from 1.1403 and 1.1367. I don't see any serious sign of a reversal of warning for the further downside. Let's start first with the value. The value is clearly lower relative to the previous day and that would be a very hard change. Don't forget, we trade value not the price. Tempo is slow and nothing special happening but still sellers are in control. Short - term trend is down!

Down references are set at :

1.1263 - poor low from the background
1.1237 - naked POC from the background
1.1215 - key short-term swing low (poor) - my main focus and potential objective

Never forget that so much of trading is about following the market for the continuation and being able to spot potential change and adapt to the market conditions. Even I got a potential objective, I constantly follow the progress of my positions. I spend a lot of time on my mentorship program to teach you how to follow the market for the potential continuation and how to spot a potential change in trend dynamic. It is a very large subject and necessary if you even think about successful trading on long-term.

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 !!!
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