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The ART of trading by Petar_Serbia

  • #41
  • Edited 9:17am Nov 30, 2010 8:53am | Edited 9:17am
Quoting Petar_Serbia
For today i choose again EURUSD like yesterday.We have good chanel projection,stoping volume and i expect up about 100 pips,for case that i see on American ses close that my TP wasnt hit i will put on BE if see profit or i will leave trade overnight if is minus,hope to take 100 pips

TP 1.3140 SL around 1.2970


Petar
This is rarly situation but i will place another trade if i see MA confirmatrion and i will put same TP

Took buy going for 100 pips again,risk 50 pips

TP 1.3120


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: testing.gif Size: 27 KB
"Buy on fear, sell on greed !!!
  • #42
  • Nov 30, 2010 9:19am Nov 30, 2010 9:19am
Quoting Petar_Serbia
This is rarly situation but i will place another trade if i see MA confirmatrion and i will put same TP

Took buy going for 100 pips again,risk 50 pips

TP 1.3120


Cheers
This situation is good example when i open same trade,when i see testing my projection..I will post results on first post from last week and i will update when every trade finished

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #43
  • Nov 30, 2010 9:53am Nov 30, 2010 9:53am
Following your trade ! Want to learn from your strategy !

Good work Petar!

Have a good day!
  • #44
  • Nov 30, 2010 10:14am Nov 30, 2010 10:14am
Quoting mfinab
Following your trade ! Want to learn from your strategy !

Good work Petar!

Have a good day!
Thanks for comments mfinab
One good lesson wich can help you to trade better is psyhological aspect.I very rarly open 2 trade in one day but situation like this is only one.This time my chanel projection hold down preasure and i took buy with Target of 100 pips.
Setup today was classical setup as i love to trade but you can see eur was down again and tested again my projection,that mean you must have strong MM and stict i risk just 2 % per day in one trade,this time i risked again now 2 % wich is Total 4 % risk for me today,that is abolutly MM i love to trade and have great succes..

Cheers
"Buy on fear, sell on greed !!!
  • #45
  • Nov 30, 2010 10:50am Nov 30, 2010 10:50am
I like the way Petar is trading - also before fact putting pictures here, that people can see what is what. And not like others giving illusions.

Great Job Petar.

Regards,
Tom
  • #46
  • Nov 30, 2010 10:57am Nov 30, 2010 10:57am
Hi Petar,

I really appreciate the way you trade. Thanks for your advise on trading with MM.

I want to be a good trader like you!
  • #47
  • Nov 30, 2010 11:08am Nov 30, 2010 11:08am
Quoting tfflyer
I like the way Petar is trading - also before fact putting pictures here, that people can see what is what. And not like others giving illusions.

Great Job Petar.

Regards,
Tom
Hello tfflyer and welcome to my journal.Yea i also hate guys wich said that they took 100,200,300 pips bla bla and withaout any chart,also many guys here wich think that they are superduper trader are demo traders or work with small acc..All my traders are trades i take on live acc.THis thread i opened to help others traders and maybe some of traders wich visit this thread become milionaire and that is also for me succes...

I also hate Comercial things,signals,strategies bla bla...99 % of Comercial things are Comercial becouse these guys cant make profit consistently on live acc...That is my though :nerd:

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #48
  • Nov 30, 2010 11:13am Nov 30, 2010 11:13am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Hi Petar,

Now I found time to take a look into your new thread as well.
Good job!
I also used to take Volume into consideration when looking for a trade setup.
What timeframe is your chart showing? is it M30 ?

Keep up the good work and post your progress!

Regards, Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #49
  • Nov 30, 2010 11:18am Nov 30, 2010 11:18am
Quoting Tuner
Hi Petar,

Now I found time to take a look into your new thread as well.
Good job!
I also used to take Volume into consideration when looking for a trade setup.
What timeframe is your chart showing? is it M30 ?

Keep up the good work and post your progress!

Regards, Tuner
Hey Tune my friend Welcome to the thread...
Yea last buy EURUSD was M30,trade before is M15.I love to check 2,3 timeframes to make dessicion.
I usually trade after London open maybe 1,2,3 H after,if you didnt at work you can check
"Buy on fear, sell on greed !!!
  • #50
  • Nov 30, 2010 11:29am Nov 30, 2010 11:29am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
Hey Tune my friend Welcome to the thread...
Yea last buy EURUSD was M30,trade before is M15.I love to check 2,3 timeframes to make dessicion.
I usually trade after London open maybe 1,2,3 H after,if you didnt at work you can check
OK. I understand. Increase or Peaks in Volume can show better on lower timeframes. (You use "BetterVolume" not the StandardOne included in MT4 right?)
I check FF and the charts on the net sometimes during work.. (hope my boss doesn't find out )
Sometimes I do enter some trades via my mobile phone. But I can't always monitor my trades then.
Once you entered a trade to you set SL to BE at some point or just let it run until either TP or SL?
"Blue Horseshoe loves Anacott Steel!"
  • #51
  • Nov 30, 2010 11:38am Nov 30, 2010 11:38am
Quoting Tuner
OK. I understand. Increase or Peaks in Volume can show better on lower timeframes. (You use "BetterVolume" not the StandardOne included in MT4 right?)
I check FF and the charts on the net sometimes during work.. (hope my boss doesn't find out )
Sometimes I do enter some trades via my mobile phone. But I can't always monitor my trades then.
Once you entered a trade to you set SL to BE at some point or just let it run until either TP or SL?
Yea friend i use Better Volume and trade with my projections,i must say i have great succes but i have strict MM and i earn step by step every week..
Hope will that on future...

For second question,
I setup TP and Sl,than if trade dont close that day i took trade i do next :
If i see plus when day finish i put position on +1 if i see minus i let that trade for tomorow...That is rarly but can happen...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #52
  • Nov 30, 2010 11:53am Nov 30, 2010 11:53am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
Yea friend i use Better Volume and trade with my projections,i must say i have great succes but i have strict MM and i earn step by step every week..
Hope will that on future...
Thanks for the answers Petar..

I think your point on MM is very important. Also for all the followers you get in here now!
I also got strict MM and only risk 1-2% per trade.
But seen so many traders going almost "all in" on a trade and then wonder why one single loss-trade does hurt their account so much...

So I will follow your journal now...
Green pips to you!
"Blue Horseshoe loves Anacott Steel!"
  • #53
  • Nov 30, 2010 2:43pm Nov 30, 2010 2:43pm
Where is the "Better Volume" indicator on MT4? All I have is normal volumes with Green and Red bars. Can someone post Indicator File to download, or let me know where i can find it on the indicator list. Heres my 30M chart with how volumes look...with 30M and 1H trend line channels

Thanks, Ryan

Still in original position, had a better entry price with a few more pips on the stop and held on by 1 pip lol. Whats your thoughts on GBP breaking out of down trend with the bullish hourly 10am NY and pushing possibly to test Weekly Pivot at 5710.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 30m with regular volume.jpg Size: 179 KB
  • #54
  • Nov 30, 2010 2:52pm Nov 30, 2010 2:52pm
Also, are we right to be fading the obvious trend? other than looking for small pull backs to make short plays. Channel test or no Channel test during the HOLIDAY times where moves are the simplest and most direct. Hindsight always 20/20 but do best during Holidays when just playing overall continuations...not enough liquidity in the market to get full pull backs sometimes. Just playing devils advocate is all. LMK your thoughts. But certainly support around 2970s, but being tested again right now with the US markets dipping at end of day
  • #55
  • Nov 30, 2010 4:52pm Nov 30, 2010 4:52pm
Hi Ryan,

Here is the Better Volume 1.4.mq4 with the documentation.

BetterVolume 1.4.mq4

Better Volume Indicator.doc

Hope this can help you!

I have tried to figure it out how it works and it's not pretty easy. If someone have a video on how to learn this indicator I would appreciate.

Smart Trade to you all.
  • #56
  • Nov 30, 2010 5:24pm Nov 30, 2010 5:24pm
Hi Petar,

Your are an excellent Trader/Professor.

Pip it Up !

BigMike
  • #57
  • Nov 30, 2010 7:34pm Nov 30, 2010 7:34pm
Quoting mfinab
Hi Ryan,

Here is the Better Volume 1.4.mq4 with the documentation.

BetterVolume 1.4.mq4

Better Volume Indicator.doc

Hope this can help you!

I have tried to figure it out how it works and it's not pretty easy. If someone have a video on how to learn this indicator I would appreciate.

Smart Trade to you all.

http://emini-watch.com/free-stuff/volume-indicator/
  • #58
  • Nov 30, 2010 8:13pm Nov 30, 2010 8:13pm
Thanks Guys, appreciate the indicator and info
  • #59
  • Nov 30, 2010 8:31pm Nov 30, 2010 8:31pm
Quoting mfinab
Hi Ryan,

Here is the Better Volume 1.4.mq4 with the documentation.

BetterVolume 1.4.mq4

Better Volume Indicator.doc

Hope this can help you!

I have tried to figure it out how it works and it's not pretty easy. If someone have a video on how to learn this indicator I would appreciate.

Smart Trade to you all.

http://emini-watch.com/free-stuff/volume-indicator/
  • #60
  • Dec 1, 2010 3:22am Dec 1, 2010 3:22am
Quoting Petar_Serbia
This is rarly situation but i will place another trade if i see MA confirmatrion and i will put same TP

Took buy going for 100 pips again,risk 50 pips

TP 1.3120


Cheers
Morning guys,

EURUSD doing what i expexted i put SL on be from yesterday trade and wait setup for today...

Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: slbe.gif Size: 28 KB
"Buy on fear, sell on greed !!!
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