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The ART of trading by Petar_Serbia

  • #3,061
  • Apr 19, 2019 10:07am Apr 19, 2019 10:07am
Quoting Petar_Serbia
Hello dear traders, I did close USD/JPY on the breakeven. Anyway, I did an analysis on majors right now and found an interesting opportunity on the USD/CAD. I bought USD/CAD from 1.3380. Will mention a few reasons for my decision. Let's start with the market profile view. I found that today's value is overlapping to higher relative to the yesterday, which is a sign that short-term trend is bullish. Also, I found a weak high at 1.3400 and I expect the breakout of that level. Seems like some group of traders did scale out positions there but there...
Hello dealers,
Just quick update on the USD/CAD position. Nothing especially changed on the market, the analysis that I posted yesterday is still active and today I even add more probability that position will be good due to POC migrating higher relative to yesterday and as you know from the previous post the absorption volume on the futures market and up-thrust from the median downward channel line is adding more weakness on CAD. Weak high at the price of 1.3400 is vital for further upside on USD/CAD but I do expect a breakout. On that way, professionals will catch off guard sellers who still expect lower prices and take their stops above 1.3400 and on the same way force those sellers to exit or start buying, which will add even more power to our bullish position. Keep in mind that we got holidays today and on Monday. I found a few very good opportunities on other instruments/markets but that is only for members of the ProsperiumFX. I am calling you to join and become a part of our trading group I am sure your trading will become much more profitable and efficient with our Daily Reports and intensive program.

www.prosperiumfx.com

Have a great weekend and talk to you on Monday...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,062
  • Apr 23, 2019 5:21am Apr 23, 2019 5:21am
Hello traders,
I am back to trading I did close USD/CAD position from last week into small loss but I am in AUD/USD sell position from 0.7134. I did inform members of prosperiumfx about this position and we are in good plus so far. I would just go through some majors points, which made me sell AUD/USD. As you know, combining a market profile with the price action analysis works best since we combine 2 different dimensions (graph) and build one picture. Let's start with the Market Profile. AUD/USD established lower value yesterday and lower POC relative to Friday, which did set the short-term downtrend. On the price action chart, we found that well defined upward channel got broken last week, which was the first strong sign that we may see a potential change in trend behavior from bullish to bearish. Others key elements were series of lower lows and lower high on the H4 time-frame and price action (bearish outside bar on the breakout of the channel ). In my 12 years of experience on Forex, I learned that the best opportunities don't happen every day and that it's always better to have a confluence of different factors before establishing any position. Try to avoid impulsive entries and try to stay away from the pure current price activity. The way we at prosperiumfx teach other traders the whole process of doing the analysis and the checklist you need to have in order to catch and spot good opportunities once they appear also to avoid bad and poor situations.

Also, what we also advise and I am doing it every single day is to print off charts at the end of each day and print off the chart when you take a position in order to see what worked good what didn't and try always to improve. This habit needs to become part of your daily routine and we teach you the whole process on our Intensive program. Don't waste your valuable time and money on other "systems" or sites and join the www.prosperiumfx.com

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,063
  • Apr 23, 2019 7:23am Apr 23, 2019 7:23am
Hello,
This is my current market profile view on the EUR/USD. According to the current profile and the situation in the background. Current profile is with the very fat point of control, which suggests big indecision and neutral market stance atm. It is very hard to move away from fat POC's. The price is still trading inside of the lower distribution from the sell-off day in the background. The limiter for distribution is set at 1.1263 and the price failed to break it. Today's value is overlapping to higher by the low margin and I found it very hard to sustain. The previous few days got poor lows and no aggressive buyers, which suggests potential re-selling from professionals. The level of 1.1226 is low, which may be re-visited and potential broken. We never know when the market will start volatility and potential movement but at least we must be prepared. IT is very hard that we see break today due to fatness on POC but everything is possible.

In the case of the upside scenario, only if I see that EUR/USD get accepted above the 1.1263.

Join us www.prosperiumfx.com
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"Buy on fear, sell on greed !!!
  • #3,064
  • Apr 23, 2019 8:00am Apr 23, 2019 8:00am
Quoting Petar_Serbia
Hello, This is my current market profile view on the EUR/USD. According to the current profile and the situation in the background. Current profile is with the very fat point of control, which suggests big indecision and neutral market stance atm. It is very hard to move away from fat POC's. The price is still trading inside of the lower distribution from the sell-off day in the background. The limiter for distribution is set at 1.1263 and the price failed to break it. Today's value is overlapping to higher by the low margin and I found it very...
And the break came today As mentioned a few minutes ago that down scenario is very possible and the down break happened

Next critical support at 1.1183.
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"Buy on fear, sell on greed !!!
  • #3,065
  • Apr 24, 2019 4:32am Apr 24, 2019 4:32am
Quoting Petar_Serbia
Hello traders, I am back to trading I did close USD/CAD position from last week into small loss but I am in AUD/USD sell position from 0.7134. I did inform members of prosperiumfx about this position and we are in good plus so far. I would just go through some majors points, which made me sell AUD/USD. As you know, combining a market profile with the price action analysis works best since we combine 2 different dimensions (graph) and build one picture. Let's start with the Market Profile. AUD/USD established lower value yesterday and lower...
Hello everyone,
Just wanted to update you on my AUD/USD position. I closed AUD/USD at 0.7052 with a profit of 79 pips and a very solid return in terms of % gain. This is another example of how to patience pays out and how discipline is important. I did wait for this setup for days but I watched the right moment to establish position and I waited for price action to confirm my view. I did print off my chart now as well and will post you before-after prints. Since I already wrote reasons for this entry I will post only pictures. Hope that you are doing good as well... Don't forget to join us www.prosperiumfx.com and be informed every day on potential opportunities on the market.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,066
  • Apr 24, 2019 5:58am Apr 24, 2019 5:58am
Hello everyone,
Just wanted to post an update on EUR/USD and my current view.
As I mentioned yesterday, the low at the price 1.1226 was weak and the sellers did break it, which probably caused dmg to weak buyers that expected a higher price. Anyway, yesterday left us double distribution trend day with the single prints between the 1.1241-1.1224. Usually, after the trend day, we are getting some kind of consolidation or resting, which is what exactly happening today. I found fat POC at 1.1214 and overlapping to lower value relative to yesterday. Maybe the most important action that happened today is that buyers couldn't explore deeper into single prints from yesterday (potential weakness continuation - lack of buying interest). In the B print, we got single prints and the potential end of the up auction. From the other side, the low at 1.1192 looks weak and especially that low of today did set at 1.1194, only 2 pips away from yesterday's low. Odds are still in favor of more downside continuation and a potential test of key short-term support levels at 1.1183 and 1.1176. Potential break of these key support and further elongation in profile may confirm much lower prices but we go step by step with references.

In the case of the bullish scenario, I would like to see the EUR trades much deeper into single prints and potentially go into upper distribution from yesterday. Also, I would like to see that value shift and explore higher. For now, odds are on the downside.

I don't have any position atm and patiently waiting for a better setup.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,067
  • Apr 24, 2019 2:41pm Apr 24, 2019 2:41pm
Quoting Petar_Serbia
Hello everyone, Just wanted to post an update on EUR/USD and my current view. As I mentioned yesterday, the low at the price 1.1226 was weak and the sellers did break it, which probably caused dmg to weak buyers that expected a higher price. Anyway, yesterday left us double distribution trend day with the single prints between the 1.1241-1.1224. Usually, after the trend day, we are getting some kind of consolidation or resting, which is what exactly happening today. I found fat POC at 1.1214 and overlapping to lower value relative to yesterday....
And again the down break happened as expected even faster then I expected, sometimes the market doesn't have too much time to consolidate... As I mentioned earlier today that the most important action for us happened when the buyers failed to go deeper into single prints, that was the big clue for today that lower prices are expected with high odds. Now, once the EUR/USD is exploring below the key support at 1.1176 I draw new down references and they are :

Low of the balance in the background - 1.1112
High of the balancing zone in the background - 1.1016

The EUR/USD is trying to establish double distribution day and we got poor low at 1.1140, we may expect test and potential breakout of this level.

Again, patience together with paying attention to details and the right knowledge is key to even think about success.

I do have one new position but is only for members of www.prosperiumfx.com
Will post tomorrow probably here...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,068
  • Edited 5:45am Apr 25, 2019 5:25am | Edited 5:45am
Hello everyone,
As I promised yesterday, I will post my current position and some of the reasons for taking the position, I am bearish on GBP/USD from 1.2924. There are many reasons for this short position but let's start this time with price action analysis on the bar chart. GBP finally did down break of the key support 1.2960, this support was tested many times in past 2-months and the more tests we got the support became weaker and weaker and finally got broken. Series of lower lows and lower highs together with down trendline suggesting the trend is consistent on the way down, which is a good signal for us since we wanted to short. Price action near the support was one of the key elements for taking a position. The buyer's tried to reject from support once more but the strong sellers reacted back and did down break, this maneuver is by professionals to shake all of the buyers and make them exit their long positions and start selling. If you notice, you will find also a descending triangle very big, which is also good confirmation for more downside. Logical near term objective is at the low from FEB at 1.2782

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Market profile confirmed that there is no interest on the upside and that double distribution did sustain. Lack of professional buying interested together with lower value and lower POC did confirm that short position if very favorable.

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These are some of the major points for taking a position yesterday. The position is already secured on BE and now is the risk-free situation. I won't personally take any new position for this week.

EDIT Addition: In our intensive education we put a lot of effort into making you think in terms of odds and in terms of price within the context rather than pure price. You see the price for itself is always seeking for a balance where the 2 sided auction may act but the price within the overall context is so much important. Also, we teach you to make attention to the details. It is so important in professional trading that you take into consideration and use all your knowledge in order to define something which is closest to objectivity.

Join us at www.prosperiumfx.com and become part of our trading family...

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #3,069
  • Apr 25, 2019 10:53am Apr 25, 2019 10:53am
Quoting Petar_Serbia
Hello everyone, As I promised yesterday, I will post my current position and some of the reasons for taking the position, I am bearish on GBP/USD from 1.2924. There are many reasons for this short position but let's start this time with price action analysis on the bar chart. GBP finally did down break of the key support 1.2960, this support was tested many times in past 2-months and the more tests we got the support became weaker and weaker and finally got broken. Series of lower lows and lower highs together with down trendline suggesting the...
Just view on the current situation for today on GBP/USD. The value will be 100% lower relative to yesterday together with POC, which is an indication of the short-term downward trend. The recent rally from 1.2865 to 1.2915 is needed in order to bring more sellers involved. If the market cant re-sell from this point market would need to explore more upside n order to find new sellers. For now, it looks like it found some sellers there at 1.2915. We got poor pullback lows which is signal that there no larger aggressive buyers on the upside. Anyway, my position is secured on BE and we will see what happens next.

So far, neutral days on EUR/USD and GBP/USD...
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"Buy on fear, sell on greed !!!
  • #3,070
  • Apr 26, 2019 7:19am Apr 26, 2019 7:19am
Quoting Petar_Serbia
{quote} Just view on the current situation for today on GBP/USD. The value will be 100% lower relative to yesterday together with POC, which is an indication of the short-term downward trend. The recent rally from 1.2865 to 1.2915 is needed in order to bring more sellers involved. If the market cant re-sell from this point market would need to explore more upside n order to find new sellers. For now, it looks like it found some sellers there at 1.2915. We got poor pullback lows which is signal that there no larger aggressive buyers on the upside....
Hello everyone
Just quick update on GBP/USD. My sell position from 1.2924 is still active and today's price action looks very chunky and rotational. During the whole Asia session and most part of the Europe session the buyers are trying desperately to buy and fight the downtrend, this is not that smart since the odds are against them, According to the market profile view, value is inside of the previous day value and we got a rejection from yesterday high at 1.2916 plus in combination with that market spent too much time near the PVH with no success, these are all signs that weakness is still present and that is question of the time when we may see new re-selling from professionals. Yesterday's low maybe today's intraday target and if we see more power on the downside, it is possible that we see down break. Again, don't be fooled that if you see a rally or sideways movement after the downtrend, that you play for reverse. Trends have much greater odds to continue from big reversal to happen.

My short term target is still set at 1.2782

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,071
  • Edited 10:58am Apr 26, 2019 9:46am | Edited 10:58am
Quoting Petar_Serbia
{quote} Hello everyone Just quick update on GBP/USD. My sell position from 1.2924 is still active and today's price action looks very chunky and rotational. During the whole Asia session and most part of the Europe session the buyers are trying desperately to buy and fight the downtrend, this is not that smart since the odds are against them, According to the market profile view, value is inside of the previous day value and we got a rejection from yesterday high at 1.2916 plus in combination with that market spent too much time near the PVH with...
EDIT: My SL is set to be in the original place...
Hello traders,
I want to update you about GBP/USD position and my new position on USD/.JPY, which is already in profit and secured. Unfortunately, I couldn't post here cause it is only for premium members of www.prosperiumfx.com, so if you are interested in daily reports or education join us there...

After the GDP q/q the GBP/USD did sell off a bit and then got rejected. Position closed on breakeven there. From the other side, the USD/JPY this setup beautiful opportunity for sell based on different factors. Let's start with price action-structure analysis.

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Big sell divergence happened on so many different TF like Daily,4h,2H... This was a signal that buying power is diminishing and that fresh new money selling can be in the play. After the period of 8-days of consolidation with very narrow range day's, it was the question of the time when the volatility starts. Two days ago we saw that buyers tried to push USD/JPY higher and they did break the resistance and poor high at 112.1 but they failed to sustain. Now, this maneuver can be done by professionals cause they marked UP price to investigate how many buyers are there and once they saw that there is no interested in the upside they sold hard. Using this maneuver they also catch SL orders from sellers and bring weak buyers, which very fast became losers. The strong multi-distribution down day happened yesterday but the value was still upside. Today, value started to build clearly lower and after the GDP q/q sellers sold after the up spike and again tricked weak buyers.

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Today, on the H4 time-frame the bearish flag was forming and the medium channel line was maximum from buying side, which provided us clear and good sell opportunity. Next potential support is seen at 111.85 (my potential objective).

I will post both profile and price action charts just for education purpose. Don't forget that this kind of analysis you can get if you become a premium member every day plus you can learn the whole process and methodology on our intensive program for very fair and below the value price.


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #3,072
  • Apr 26, 2019 1:39pm Apr 26, 2019 1:39pm
Hey Petar, do you still use VSA?
gotta lose to win big...
  • #3,073
  • Apr 27, 2019 4:28am Apr 27, 2019 4:28am
Quoting Tripletease
Hey Petar, do you still use VSA?
Hello Tripletease,
I use very rarely VSA. Price action and understand market structure is the key for my trading.
"Buy on fear, sell on greed !!!
  • #3,074
  • Apr 29, 2019 11:00am Apr 29, 2019 11:00am
Hello everyone,
Just wanted to update you about my current view on EUR/USD and USD/JPY. EUR/USD made the first higher value after 4days, which might be a sign of change in trend behavior from bearish to bullish at least on short-term. After the strong sell-off from a few days ago, the EUR/USD did sideways with the POC in the middle, suggesting oversold condition and no new money selling. Today's POC and value are moving higher but the key level will be at 1.1174-1.1180 if we get acceptance above this zone the odds are on the further continuation and a potential test of 1.1213-1.1227.

For the downward scenario, I would like to see lower value tomorrow and break of Friday's POC at 1.1136. For now, buyers are in control... Don't forget FOMC meeting minutes in 2 days.

Still holding short-term USD/JPY sell position...

I will post price action chart later, for now, I will post only Profile chart >

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,075
  • Apr 30, 2019 4:12am Apr 30, 2019 4:12am
Quoting Petar_Serbia
Hello everyone, Just wanted to update you about my current view on EUR/USD and USD/JPY. EUR/USD made the first higher value after 4days, which might be a sign of change in trend behavior from bearish to bullish at least on short-term. After the strong sell-off from a few days ago, the EUR/USD did sideways with the POC in the middle, suggesting oversold condition and no new money selling. Today's POC and value are moving higher but the key level will be at 1.1174-1.1180 if we get acceptance above this zone the odds are on the further continuation...
Hello traders,
As I informed you yesterday. EUR/USD was ready to go and we did catch this bull movement. As I marked yesterday, once we got 2 neutral days followed by higher value and POC, we got good odds of UP day today and that happened. Our key resistance zone from 1.1174-1.1180 got broken so next upward objectives and references are :

POC from a trend day background 1.1213
4-day high - 1.1227
low of upper distribution of a trend day - 1.1240

Don't fight bullish momentum...

My USD/JPY position is doing well and so far I am in plus about 1%, will post chart and analysis later...

Join us at www.prosperiumfx.com and enjoy daily analysis and updates on the market + you can join us on intensive program....

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,076
  • May 2, 2019 10:41am May 2, 2019 10:41am
Hello traders,
Didn't have time to post you update yesterday but finally got some time now. Firstly, my USD/JPY position closed on BE after the FOMC yesterday, I got 1:1 RRR on the table to take but decided to take potential larger profit and got BE. Anyway, today post FOMC gave us solid opportunities on majors. I started to sell AUD/USD and EUR/USD a few hours ago and will go in thought why. I will cover only EUR/USD in this post. I want to alert you that daily reports on market and education you can find on our website www.prosperiumfx.com and enjoy our services for a very affordable price.

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EUR/USD did fake buyers yesterday since we saw first push higher and then strong reaction from sellers. It seems like classic Up-thrust (sellers sold from the panic buyers). The price action on the candle chart confirms that view. Speaking of classical charting, there is the breakout of the upward channel followed by a breakout of the bearish flag and rejection from Keltner medium line. All these seem like legit selling opportunity.


Speaking of the market profile view > I found that today's value is building clearly lower relative to yesterday (not visible on merged profile) and I also found that last few days rally on EUR/USD left us strong nodes (distributions) in the background, which may be the target for sellers. Current weekly POC is set at 1.1158, also strong node is seen at 1.1136 (my potential objective).

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It is so important to pay attention to the details and to do analysis with a fresh head. Again, join us www.prosperiumfx.com and enjoy daily IN-DEPTH reports in the morning and on the evening every trading day. Also, you would be able to sign up for the big intensive program, which will start in June...

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #3,077
  • May 3, 2019 7:24am May 3, 2019 7:24am
Quoting Petar_Serbia
Hello traders, Didn't have time to post you update yesterday but finally got some time now. Firstly, my USD/JPY position closed on BE after the FOMC yesterday, I got 1:1 RRR on the table to take but decided to take potential larger profit and got BE. Anyway, today post FOMC gave us solid opportunities on majors. I started to sell AUD/USD and EUR/USD a few hours ago and will go in thought why. I will cover only EUR/USD in this post. I want to alert you that daily reports on market and education you can find on our website www.prosperiumfx.com...
Hello traders,
Another great week for me and another great entry. Sell positions from yesterday are currently performing very good. AUD/USD position is closed on good % profit and EUR/USD is about to hit my objective at 1.1136. Again, the path to making consistent results is not easy and the right knowledge and a lot of hours practicing are the keys. Without the proper road map and proper experiance, you will find very hard to make it...

This is a short update on EUR/USD >
As I marked yesterday based on price action chart, the breakout of upward trendline plus breakout of the flag and rejection from the Median Keltner were keys, Market profile confirmed that value is moving clearly lower together with big price actions nodes POC's in the background that price may return. Today the POC at 1.1157 got broken, so there are high odds that EUR is going to test second strong node at 1.1136 (my objective). Anyway, we always follow market conditions and if we need to close earlier we will do, all depend on the price behavior. Don't waste your valuable time with trying to find the holy grail or anything like that, the Holy grail is YOU. In out intesntive, we will transfer to you all the knowledge you will need to make your own decision and the most important thing we will teach you the complete process of doing it, together with models that we are using in everyday trading. Also, you can also have an edge on the market and roadmap for every day using our daily report service. Join us www.prosperiumfx.com


Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,078
  • May 3, 2019 8:15am May 3, 2019 8:15am
Quoting Petar_Serbia
{quote} Hello traders, Another great week for me and another great entry. Sell positions from yesterday are currently performing very good. AUD/USD position is closed on good % profit and EUR/USD is about to hit my objective at 1.1136. Again, the path to making consistent results is not easy and the right knowledge and a lot of hours practicing are the keys. Without the proper road map and proper experiance, you will find very hard to make it... This is a short update on EUR/USD > As I marked yesterday based on price action chart, the breakout of...
Price exactly hit my objective and then rejected, this is the power of planning your trade and understanding the odds. I took very good % gain on my account and so far this month is a candidate for a good return. Knowledge, Experience, Dedication, and Patience are keys for even think about consistency in this industry. Joins us www.prosperiumfx.com

The picture is worth a thousand words ...
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"Buy on fear, sell on greed !!!
  • #3,079
  • May 6, 2019 11:39am May 6, 2019 11:39am
Hello traders,
Been busy with updates for clients for www.prosperiumfx.com but found some time to post and update you as well. Wanted to post an update for EUR/USD. Today, we got a neutral day but the value is overlapping to higher and POC is moving higher relative to Friday's profile, which is a sign of the potential short-term bullish trend. Today, we also got a rejection of Friday's POC at 1.1173, which adds more potential strength on the EUR. Poor high at the price of 1.1205 looks very vulnerable and a potential test of 1.1217 (Weekly POC) and 1.1232 are closer and closer. For the downside, I would like to see value to start to move lower tomorrow and acceptance below Friday's POC.

Anyway, my subscribers got 2 new premium updates and one of them is the position that I am in and it's not EUR/USD.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #3,080
  • May 7, 2019 4:25am May 7, 2019 4:25am
Quoting Petar_Serbia
Hello traders, Been busy with updates for clients for www.prosperiumfx.com but found some time to post and update you as well. Wanted to post an update for EUR/USD. Today, we got a neutral day but the value is overlapping to higher and POC is moving higher relative to Friday's profile, which is a sign of the potential short-term bullish trend. Today, we also got a rejection of Friday's POC at 1.1173, which adds more potential strength on the EUR. Poor high at the price of 1.1205 looks very vulnerable and...
Hello traders,
As I expected yesterday. The EUR/USD went to test the previous week POC at 1.1217 but it got rejected, which is a sign that there are no serious buyers on the EUR and that caused the sellers to join so we got a fake breakout of the PDH. Value is overlapping to higher relative to yesterday, which is signal that we got indecision on the EUR/USD since from one side there is the rejection from Weekly POC but from another side, the value is still overlapping to higher with the current weak high at 1.1217.

Downward references :
1.1189 - Yesterday's POC
1.1168 - Yesterday's low

Upward references :
1.1217 - Poor high and Weekly POC
1.1232 - Last week VAH

In the next post, I will post the position that I got from yesterday...

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
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