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The ART of trading by Petar_Serbia

  • #2,981
  • Dec 18, 2018 4:18am Dec 18, 2018 4:18am
Quoting Petar_Serbia
{quote} Morning traders, Just to post an update on EUR/USD. As I mentioned in my previous report EUR/USD opened below the last week value and there were high odds that price will try to back into the last week value and POC. I am targeting 1.3386 but I will consider exiting at POC (1.1367) if is needed depend of the price action around. So much of the trading is about art but with the back up of the valuable knowledge and experience. My previous report is the sample of how the reports will look like once I finish the website. Also, if you think...
Morning traders,
Just update on EUR/USD. I closed position at 1.1370 and took 2:1 RRR (+70 pips). Again, as you see, the market behave exactly as we planned and I was right about reversion to the mean type of trading. A good trader must be able to trade both markets sideways and trend. This position was trading in the sideways market...

Even I exited EUR/USD, next upward references are set at :

1.1389 VAH and 1.1443 WH

Currently, today is building overlapping to higher value relative to the previous day and higher POC. Risky for any kind of selling. Anyway, I finish for now trading on EUR/USD.

Feel here to ask any question or comment >

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,982
  • Dec 18, 2018 5:45am Dec 18, 2018 5:45am
CHello traders,
I got one new trade before FOMC meeting tomorrow and that is USD/CHF bearish. What I found on this currency pair is that last week value was overlapping to lower relative to 2 weeks ago (short-term bearish trend) and lower POC from last week is also clear indication that consensus is down. I also noticed that yesterday we got double distribution trend day, which is confirmation that sellers are still present and dominating over buyers. Today, VALUE is almost clearly lowered together with POC, which is a sign that there is a lot of demand for CHF atm. Remember we trade VALUE not the PRICE. Price is simply an advertising mechanism. I will always write that understanding the underlying background is so important. If you did a good job in analyzing background, you already did half of the job.

My focus and the potential target is WL at the price of 0.9863. Weaker reference is VAL from last week at 0.9898.
Targeting 2:1 RRR...

I have time for a new student on my mentor program and will call you to join and learn this powerful knowledge of analyzing the market and which is more important, learn the complete process of doing it ...

skype me at petar.jacimovic if you want to talk and get more information about my mentorship program ...

Enough from me today ...
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"Buy on fear, sell on greed !!!
  • #2,983
  • Dec 19, 2018 5:35am Dec 19, 2018 5:35am
Quoting Petar_Serbia
CHello traders, I got one new trade before FOMC meeting tomorrow and that is USD/CHF bearish. What I found on this currency pair is that last week value was overlapping to lower relative to 2 weeks ago (short-term bearish trend) and lower POC from last week is also clear indication that consensus is down. I also noticed that yesterday we got double distribution trend day, which is confirmation that sellers are still present and dominating over buyers. Today, VALUE is almost clearly lowered together with POC, which is a sign that there is a lot of...
Hello traders,
Exited with a small loss on USD/CHF -10 pips. Won't trade anything before FOMC. Will see if we get anything interesting after FOMC.
"Buy on fear, sell on greed !!!
  • #2,984
  • Dec 20, 2018 6:26am Dec 20, 2018 6:26am
Hello traders,
I was waiting for rate decision for GBP today and I found that solid bearish opportunity on the GBP/USD. Bank of England says Brexit uncertainties intensify, sees inflation below target. The price looked above 2-day high at 1.2705 and failed, which is a sign of weakness. Also, there was a selling tail in C period. Currently, the price is trading above today's value and above the POC (1.2622), which is the poor situation for buyers, they trying to buy on unfavorable price. I am targeting the POC zone around 1.2622.

3:1 RRR in play for today ...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,985
  • Dec 21, 2018 6:58am Dec 21, 2018 6:58am
Hello traders,
Today I found only interesting GBP/CHF for potential selling. I am bearish from 1.2544. I found that value is building clearly lower relative to the yesterday, which is the sign of weakness. I also found that POC for today is at 1.2500, which means that current buying is forced and buyers are buying on unfavorable price. Remember, we trade value not the price.

Targeting zone around today's POC 1.2500

This is my last position for this year
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"Buy on fear, sell on greed !!!
  • #2,986
  • Dec 21, 2018 7:57am Dec 21, 2018 7:57am
Closed on be. I am done for trading this year. Seya next year probably from January 7. Happy new year till then and take care !!!


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,987
  • Jan 7, 2019 8:22am Jan 7, 2019 8:22am
Hello traders,
I am officially back into trading I hope this year can be very productive Will do my best to help also other traders trough my services in next period and also will write and answer your questions here...
"Buy on fear, sell on greed !!!
  • #2,988
  • Jan 7, 2019 8:50am Jan 7, 2019 8:50am
Let's start with the general condition of the market and my expectations coming into the near future. If we exclude the flash crash this year I expect a more choppy and low liquidity-volatility environment in the first 2 quarters of this year, which generally signs of limited opportunities and hard conditions to trade. The reasons for this kind of observation are Brexit uncertainty and China-US trade war + (China economic slowdown). Investors around the world don't have a clear picture of how these problems will finish and especially they don't know how the result will affect the market. Because of this, my advice for every trader is to trade with reduced risk and to trade more near term. This kind of environment will be hard for breakout trend traders but since the main job in professional trading is to adapt to the current condition, reversion to the mean type of entries can be very good in this market condition. The problem with so many traders is they trade good in one type of market and when their type of market is not present, they have big problems. On my mentorship program, I teach you different ways to understand what environment is market trading and on that way apply the type of the model that you will use.

My first position this year is long EUR/NZD from 1.6930 with a potential target at 1.7027 or higher. As I spoke, the balanced regime is present and when there is a good space for reversion to the mean entry, I embrace with the controlled risk.

BTW. Will work on the website from this month and hopefully at the end of this quarter the website will be ready. Anyway, you can apply for mentoring even before and learn the whole process of how I am doing it ... Feel free to post any comment or question ...

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,989
  • Jan 8, 2019 6:18am Jan 8, 2019 6:18am
Quoting Petar_Serbia
Let's start with the general condition of the market and my expectations coming into the near future. If we exclude the flash crash this year I expect a more choppy and low liquidity-volatility environment in the first 2 quarters of this year, which generally signs of limited opportunities and hard conditions to trade. The reasons for this kind of observation are Brexit uncertainty and China-US trade war + (China economic slowdown). Investors around the world don't have a clear picture of how these problems will finish and especially they don't...
Hello traders,
I closed EUR/NZD +80 pips. The plan worked very well and I started the year with a good 2:1 RRR trade. Hope you also took good pips here. Awaiting for next opportunity but tomorrow we got FOMC. Again, patience is needed in order to make success in this business. Some of my best trades are trades that I didn't take.
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"Buy on fear, sell on greed !!!
  • #2,990
  • Jan 10, 2019 9:55am Jan 10, 2019 9:55am
Hello traders,
My second position for this week and probably the last one this week is EUR/USD bearish from 1.1528. As I marked in my first post this year, the market is in balancing regime and you will find a lot of fake breakouts and fail initiations. We got my classic signature setup on this type of the regime. There is the fake breakout of the resistance at 1.1558 and classic rotational structure. The EUR/USD is trading above the value and the FAT POC from the current week, which is indication of overbought condition. I am targeting the level of 1.1442 (2:1 RRR).

Again, so much of the trading is understanding the regime that the market is trading. Also, reading the background and reading the nuances are must in professional trading. It took me years and years of hard work to create set or the rules and the model, which will allow me to trade and find good asymmetric opportunities.

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 don't fail from lack of information or proper instruction... They fail because of ego.

I am calling you to join my mentoring program, which is designed to bring you into professional level of the trading and which is designed to teach you the whole process of doing it... It is a complete systematic program where we work for 20 days and 2-3h per day. Also, you will be my lifetime student and part of the group where we are all together.

For more details, we can do a Skype call. My skype username is petar.jacimovic
Feel free to post a question or comment related to the subject.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,991
  • Edited 6:27am Jan 14, 2019 6:16am | Edited 6:27am
Quoting Petar_Serbia
Hello traders, My second position for this week and probably the last one this week is EUR/USD bearish from 1.1528. As I marked in my first post this year, the market is in balancing regime and you will find a lot of fake breakouts and fail initiations. We got my classic signature setup on this type of the regime. There is the fake breakout of the resistance at 1.1558 and classic rotational structure. The EUR/USD is trading above the value and the FAT POC from the current week, which is indication of overbought condition. I am targeting the level...
Hello traders,
Didn't have time to update you a few days ago about my EUR/USD position but found some time now. I closed my bearish EUR/USD position at Friday and took about 2:1 RRR (70 pips). I started this year very solid and stable and I hope I will continue like that in the next period. I have no position on EUR/USD right now but I see that today is a rotational day with failed initiation lower, which is a sign of the strength. There are good odds that price will try to visit the Friday's POC at 1.1523. There is also a double distribution limiter at 1.1495, which would be the first task for buyers. Selling EUR/USD at this stage looks extremely risky. Tomorrow is the big day for Brexit and we also got Draghi speech, so adjust your size and always trade with full risk control. I do have one position active this week (bullish on EUR/NZD) but will post charts and details later.
I am calling you again to join my mentorship program (1 month), where I will teach you how to observe market on the professional way and where I will translate you my 10 years of trading experience. I will teach you the complete process of doing it ... Add me on skype petar.jacimovic if you are interested in more details.

My advice for you is to stop thinking that successful trading is about the good system, it's not. Good trading is about well-designed models and process, which will allow you to trade on any type of market (condition), Most of the "systems" are one conditional systems, which work only in one market regime and under specific market conditions. I teach you on my mentoring program how to trade and understand both major types of markets and successfully trade it.

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 !!!
  • #2,992
  • Jan 17, 2019 6:35am Jan 17, 2019 6:35am
Hello traders,
Was very busy the last few days but got time now to update you on my positions and how I see the market till the end of this week. I am bullish on EUR/USD from 1.1399 and will explain in a few sentences my reasons for that. Basically, the drop on the EUR/USD that happened 2 days ago was forced in my opinion with a lot of anomalies on the way down (sign of strength). The very next day I saw no follow through (neutral day), which is confirmation that sellers lost power and that demand may increase. Today, another confirmation that sellers don't have power for initiation lower cause we got a fake breakout of the 2-day low at 1.1376. I am targeting zone around 1.1460-1.1470.

I am also bullish on AUD/CAD and already in plus but for today wanted to post only EUR/USD.

As I mentioned at the beginning of this year, I expect the first two quarters this year to be very balanced and with low volatility-liquidity. If you are not prepared for this type of the market then you will have big problems to make a consistent return.

Feel free to post any comment or question

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,993
  • Jan 17, 2019 11:16am Jan 17, 2019 11:16am
Hello traders,


I am still holding long on EUR/USD SL missed by 2 pips and I added long on GBP/USD from 1.2931. I found a breakout of the balance and I see short-mid term bullish trend. Targeting around 100 pips.
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"Buy on fear, sell on greed !!!
  • #2,994
  • Jan 18, 2019 9:29am Jan 18, 2019 9:29am
Quoting Petar_Serbia
Hello traders, I am still holding long on EUR/USD SL missed by 2 pips and I added long on GBP/USD from 1.2931. I found a breakout of the balance and I see short-mid term bullish trend. Targeting around 100 pips. {image}
Hello traders,
Just to update you about my positioning. GBP/USD closed me on BE. I generally don't like current market and current market conditions on almost all pairs but I found interesting short - term buying opportunity on the USD/JPY. I am bullish on from 109.50 and will try to take 100-150 pips but of course, I will adjust if/when is needed. As I mentioned, it's very important to understand what is a current regime that currency pair is trading. Now, as you probably know, the currency pair may trade in trend regime on the short - term and on mid and long term for example into the balanced regime. To make a better observation I teach my students to observe long term, mid-term and short- term as the same importance.

You will notice on the chart that USD/JPY is trading in the bullish trend on the short- term perspective. Higher values day by day is a good sign for the health of the trend. Now, I am in trend mode regime and I am buying USD/JPY as long there are no big signs of weakness or reversals.

Wish you good trading. I may do a video explanation as well later.

Feel free to ask anything related to the subject.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,995
  • Jan 20, 2019 4:07pm Jan 20, 2019 4:07pm
Hi Petar,
What chart are you using?
Can you share it here for use by others please?
  • #2,996
  • Jan 21, 2019 4:34am Jan 21, 2019 4:34am
Quoting bluepanther
Hi Petar, What chart are you using? Can you share it here for use by others please?
Hello there,
I am using the TPOChart2 indicator to create me this kind of charts (Market Profile). It is a comercial indicator and I think the price is around 50 USD. You have some free versions on the internet around but the commercial is the best.
"Buy on fear, sell on greed !!!
  • #2,997
  • Jan 21, 2019 6:23am Jan 21, 2019 6:23am
Hello traders,
I did exit USD/JPYl long on the breakeven but I am bullish on USD/CHF from 0.9977. The reason for this is because I found more healthy behavior on the USD/CHF long comparing to USD/JPY. I also see a trend day building on the USD/CHF and potential for double or multi-distribution. There is also a good space for potential rerward and will try to take at least 3:1 RRR or possible 5:1 RRR (100-150 pips). The level of 1.0070 and the level of 1.0150 are key levels for upside. Technical analysis on the regular candle chart is also confirming bullish movement.
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"Buy on fear, sell on greed !!!
  • #2,998
  • Jan 22, 2019 8:27am Jan 22, 2019 8:27am
Hello traders,
Was very busy yesterday and couldn't update you about my positions. I did close on USD/CHF on the breakeven and took EUR/JPY short from 124.60 (currently plus 40 pips) and I am targeting the level of 129.90 (2:1 RRR). The second position I took 20 minutes ago and that is long GBP/USD from 1.2900. I am targeting 2:1 or 3:1 RRR or the level around 1.3000-1.3050 or higher.

EUR/JPY was a classic reversion to the mean type of entry while GBP/USD is more balance breakout trend trade + channeling reversion the mean. Maybe it is confusing to you what I wrote but you will understand it clear if you start my mentoring program. All of the things I post here are only one small part of the knowledge you will get on the program. I will teach you different techniques for different market regimes. One of my favorites is trading with Pitchfork channel and channel in global.

Market Profile gives us a new dimension into trading and a good understanding of the value and time-price relation. Other techniques that I teach are working in perfect combination with the profile. So, the good combination of the proven techniques and different chartings provide us a very good understanding of the market and our bring us to the spot that we understand the potential asymmetric conditions.

You can also see the good combination of Pitchfork trading technique and Market Prrofile, which was one of the techniques that I teach on my mentoring program.

If you are interested in mentoring, add me on skype petar.jacimovic for more details.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,999
  • Jan 25, 2019 9:40am Jan 25, 2019 9:40am
Quoting Petar_Serbia
Hello traders, Was very busy yesterday and couldn't update you about my positions. I did close on USD/CHF on the breakeven and took EUR/JPY short from 124.60 (currently plus 40 pips) and I am targeting the level of 129.90 (2:1 RRR). The second position I took 20 minutes ago and that is long GBP/USD from 1.2900. I am targeting 2:1 or 3:1 RRR or the level around 1.3000-1.3050 or higher. EUR/JPY was a classic reversion to the mean type of entry while GBP/USD is more balance breakout trend trade + channeling reversion the mean. Maybe it is confusing...
Hello good people,
I wanted to update you on my results and current position on the market. Was very busy this week to write an update but finally found the time. This week was and it still fantastic for me. GBP/USD did exactly what I predicted at the start of this week and it respected Pitchfork channel so well together with the market profile. If you remember, I took long on GBP/USD from 1.2900 and did close around 1.3075 (+175 pips or around 3:1 RRR or 3% on my account). GBP/USD is still in strong upward momentum and short-term bullish trend, which is why the values are building higher and higher day by day. Extreme target will be upper Andrew's line and the Fibonacci expansion 161.8% around 1.3355. Anyway, first I want to see confirmation with the breakout of the median line and successful re-test. I am also bullish on the Gold from $1,285.00 and already secured on breakeven. Targeting around $1.315.00 but there is space even for $1,340.00 or even $1,355.00.

As I wrote in previous posts. It's very important to have a different set of knowledge in order to make your trading better and in order to understand potential opportunity much better. Taking the good opportunity under the favorable conditions is the key in successful trading. In order to achieve that, you need to have a set of a different kind of knowledge in your arsenal. In my mentorship program, I teach you all you need in order to make the smart decision and in order to define what is a good opportunity. You will be even more proud once you avoid bad trading spots and you stop jumping into poor position situations. This is how most of the traders around loose money. I teach you different trading techniques for different market conditions, which you will apply to your everyday trading. And you must know that it's not about the system or indicator, it's about the process combines with proven techniques.

If you have any questions or comment, feel free to post it here. You can also add me on skype petar.jacimovic , so we can do a private call and I can you explain in more details the mentorship program. Don't miss this opportunity since it can change your trading life totally. I have avilable space for 1 student. I am also working on the website, which will be ready hopefully by the end of March.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,000
  • Jan 29, 2019 10:30am Jan 29, 2019 10:30am
Quoting Petar_Serbia
{quote} Hello good people, I wanted to update you on my results and current position on the market. Was very busy this week to write an update but finally found the time. This week was and it still fantastic for me. GBP/USD did exactly what I predicted at the start of this week and it respected Pitchfork channel so well together with the market profile. If you remember, I took long on GBP/USD from 1.2900 and did close around 1.3075 (+175 pips or around 3:1 RRR or 3% on my account). GBP/USD is still in strong upward momentum and short-term bullish...
Hello good people,
I am very busy with my work for fund and company + doing work around website and presentation for the seminar that I will hold in Prague, but found finally some time now. I didn't open any new position this week, I am just holding my long position on the Gold from $1.285.00 and currently, I am in profit 2.5:1 RRR. Since I don't see any signs of reversals and the value is building lower + the price is approaching the larger median line, I would wait to see what will happen tomorrow and few hours before FOMC decide what I will do with position. I will definitely secure a good part of the profit but maybe we might see even target reach till FOMC tomorrow, the time will tell us. I am targeting the level around $1.340.00.

Again my receipt for the successful trading is :

Take qualitative knowledge
This must include a different set of skills like
managing the risk in the right way,
trading psychology,
different proven and well-tested techniques, which will allow you to benefit on trend markets and on the balanced market

Remember

Tradingisaboutmanagingyourexpectations

You can control your risk

You can’t control your profit

Risk first approach is MUST

Keep your trade journal updated and work on your weakness

Best way to control risk is via trade location on your time horizon.

The secret to successful trading is finding a quality opportunity and executing that opportunity under favorable conditions

Market-understanding + Self–understanding = Trading Mastery


If you are interested in the mentorship program, feel free to add me skype petar.jacimovic for more details about the program
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"Buy on fear, sell on greed !!!
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