The ART of trading by Petar_Serbia

Quoting Petar_Serbia

Disliked

{quote} 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...

Ignored

Quoting Petar_Serbia

Disliked

{quote} Hello traders, Just update on EUR/USD and my new position on GBP/USD intraday. Yesterday, after the Powell speech, EUR/USD spike higher and I got about 1% return since the price took my levels. This can also happen when there is a news event, that is why you always need to adjust or close before the high impart release. EUR/USD tried today to above yesterday's high but it failed, which is important information for today that we carry on (potential weakness present). In my opinion, yesterday's buying was full of emotional buying rather than...

Ignored

Quoting Petar_Serbia

Disliked

Hello traders, Today I didn't find anything interesting except EUR/CAD bullish idea. I found that value is building clearly higher and that there is no acceptance into yesterday's value, which is a sign that sellers are weak. Also, we got poor high at 1.5145. My focus is the resistance at 1.5168 (poor high form the background). Generally, I don't like that market for months, I think that only very short-term money is active and that there is no real institutional money. Feel free to comment or ask anything related to the subject > Best Regards,...

Ignored

Quoting Petar_Serbia

Disliked

Good morning traders, Today I found an interesting trading idea on the GBP/USD. The Gov Carney Speach GBP/USD went high and tested the level of 1.2839 but initially sold off (excess), which is a sign that aggressive sellers entered the market and probably sold from news traders (buyers). Now, let's focus on value and POC. Price is trading far above the current value area and today's value is just slightly overlapping to higher yesterday's value, which is a sign that buying was potentially forced activity from the weak traders. I am bearish from...

Ignored

Quoting Petar_Serbia

Disliked

Hello traders, I am bullish on EUR/USD from 1.1339. Reasons are cause I found fail initiation from sellers, the fake breakout of the 2 day-low at 1.1318, the value was higher from yesterday and we got poor high yesterday. I am targeting around 40 pips, which is 2:1 RRR. Yesterday's POC is set at 1.1354. {image}

Ignored

Quoting Petar_Serbia

Disliked

{quote} Exited EUR/USD with + 10 pips and entered GBP/JPY short from 144.10. Selling tail + overlapping value to lower relative to the previous day and poor low of the day at 143.26. The main objective is poor low. Also, POC very fat and my selling is above today's POC at 143.44, which is good for the responsive market. Lets see how this will go > Best Regards, Petar {image}

Ignored

Quoting Petar_Serbia

Disliked

Bullish on EUR/NZD from 1.6504. I am the bullish cause of breakout of the 3-day OV balance in the background + clearly higher value today relative to the yesterday + single prints from the trend down day in the background got covered (sign of potential strength) + poor high for today at 1.6538. I bought today's POC, which is not that bad entry since I don't think so I can get a better order for long. Of course, there are some kinds of stuff, which I don't like > poor low from today and exact visual retracements (a sign that there is no longer-term...

Ignored

Quoting Petar_Serbia

Disliked

{quote} Good progress so far +30 pips atm and position secured on BE... {image}

Ignored

Quoting Petar_Serbia

Disliked

Hello dear traders, I found today bearish intraday opportunity on the EUR/USD. I found that there is a fake breakout of yesterday's high at the price of 1.1424 and selling tail in I period, which is a sign of weakness. Also, there is a poor low from the current day at 1.1391 and fat POC from Friday at 1.1373 (intraday objective). Lets see how this will play out > {image}

Ignored

Quoting Petar_Serbia

Disliked

Another interesting opportunity I found on USD/CAD. Yesterday was up day but with 3 distributions (sign of forced activity) and a lot of anomalies on the way up. My main focus is 1.3371 (high of the second distribution). Acceptance below that level will confirm further downside. Brent oil is also up 1% today and that adds more into CAD strength potentially today. There is also a selling tail in W period, which confirms some aggression. Down references are set : 1.3371 1.3335 1.3315 Best regards, Petar {image}

Ignored

Quoting Petar_Serbia

Disliked

Hello traders, Got some time before I go to sleep to update you on my view about EUR/USD. I generally see potential strength incoming on this currency pair. The last weak close was at 1.1300 (round number) and it was close below the last week value. The shape of distribution looks neutral with POC oriented in the middle and with defined extremes, which is a sign that last week was a balanced week in terms of distributions. Next thing I noticed is that POC from last week (1.1367) migrated higher relative to the POC from 2 weeks ago, which is a sign...

Ignored