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The ART of trading by Petar_Serbia

  • #61
  • Dec 1, 2010 3:32am Dec 1, 2010 3:32am
Price targets ever change when trade goes longer than expected? With the channel trend lines moving lower on the chart as time passes. Failed attempt at Daily R1 at 96s. I am looking good though with an added position at 1.30 when up trend started 11pm NY. and never never got stopped out on first position Still looking bullish, just a normal fib retrace. Also playing GBP long on the 5600 break out . got a feeling you will like the gbp also
  • #62
  • Dec 1, 2010 3:38am Dec 1, 2010 3:38am
Quoting RyanRapa19
Price targets ever change when trade goes longer than expected? With the channel trend lines moving lower on the chart as time passes. Failed attempt at Daily R1 at 96s. I am looking good though with an added position at 1.30 when up trend started 11pm NY. and never never got stopped out on first position Still looking bullish, just a normal fib retrace. Also playing GBP long on the 5600 break out . got a feeling you will like the gbp also
I am glad to hear that

Look for GBPUSD is late i wait clear setup for today and also wait on EURUSD 1.3120,if i got TP on EURUSD i will be in plus for this week +90 withaout today setup,that is why i talk,even i took sometimes loss that is normal on Forex and that is why i trade with strick MM...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #63
  • Dec 1, 2010 4:02am Dec 1, 2010 4:02am
So regardless of what the charts are telling you maybe on different TFs, you will let your profitable traded fall all the way back to B/E? Hopefully it doesn't obviously, but just wondering if you ever exit a trade not at your Price Target for any reason at all.

BTW really liked your journal, most of the other threads have way too many ideals, opinions, and most of all trading styles bouncing around. Hopefully can't get some good participation. Can really mess with your mind set if your reading all of the general threads. We trade very similar style and i am learning how to properly use the BetterVol indicator to help with entries.

Good Looks,
Ryan
  • #64
  • Dec 1, 2010 4:28am Dec 1, 2010 4:28am
I love to quote Famous people :

This is one of the best quote

The artist is nothing without the gift, but the gift is nothing without work !
"Buy on fear, sell on greed !!!
  • #65
  • Dec 1, 2010 4:31am Dec 1, 2010 4:31am
understood...if your right then your right..Looking good petar. Just asking to get my facts straight with your style...here we go 1.31
  • #66
  • Dec 1, 2010 4:36am Dec 1, 2010 4:36am
took profits from gbp, like you said move has happened, i got pips long from 5610 to 5635. just a quick rip with extreme tight stops.

Waiting to see if you like anything today. Euro got sold at 00s, pretty standard. But with a positive day from the US markets, fill fuel some dollar$ weakness. Get a hammer on this 15 min and euro going to blow through 3100 right through the original target
  • #67
  • Dec 1, 2010 5:15am Dec 1, 2010 5:15am
I am not one to worry over 5-10 pips once you have 100 in the bag. Hourly trend line touched. Great trade petar. Exited 3110 most of my position. If Euro breaks above 40s, should be a fun ride up to the the next last high of 3290 at the start of the week. Doesn't look like much selling volume currently, just some profit taking from earlier positions who had great prices over night. Once again, Great trade signal of your channel projections and a very nice recovery after 1st entry got barely stopped out. Mine held on by 1pip, feels nice to get lucky for once on the 1 or 2 pip stop loss scenario
Attached Image (click to enlarge)
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  • #68
  • Dec 1, 2010 5:35am Dec 1, 2010 5:35am
You have quite the classroom in here Petar.
Annoying Precision
  • #69
  • Dec 1, 2010 5:35am Dec 1, 2010 5:35am
got out of rest of euro long at 03s. Its really holding up on the Hourly trend line i have on my chart. Taking nap and will be back for ADP to see if there are some pips to be made. Slow moving until then.

GL all. Ryan

-Erikte, Yeah Simple and straight forward post in Petar's Journal and NO BS idiots posting in here who are clueless to Forex. A lot to be learned from skillfully drawn trend lines and channel projections. As i speak now 15 min is hammering, but there will be pips to be made after news; back down or trend breaking up.
  • #70
  • Dec 1, 2010 6:17am Dec 1, 2010 6:17am
Hello guys only yesterday trade for me ...Today no setups current and i must go to city i will back for 3 h but dont expext trade,we shall see..


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #71
  • Dec 1, 2010 11:27am Dec 1, 2010 11:27am
Hi Petar,

I try to learn more on Better Volume 1.4 but seems that I don't get the same results as you.

After looking on your charts recently posted by you, I saw that you have some Magenta bar. Here on the same chart, I don't get that magenta bar. It is hard to find one in my chart.

Did you modified the Better Volume Inputs ? Like the MA Period or LookBack ? or something else ?

Thanks for your help again and I really like to follow your thread! It really educate me !

Bye
  • #72
  • Dec 1, 2010 12:16pm Dec 1, 2010 12:16pm
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
Trade finished +110 pips
As i said just discipline and everything will be ok...I will update total for this week,now is +85 pips for this week...

Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #73
  • Dec 2, 2010 3:01am Dec 2, 2010 3:01am
For today intraday trade i choose EURJPZ,i like this setup i created good projection on EURJPY where is Upper diagonal for me very strong and we have stoping Volume wich for me mean that Buyers lost power on London opening..
Took trade at 110.30

TP 109.20 SL about 110.95


Cheers and trade smart


Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #74
  • Dec 2, 2010 3:53am Dec 2, 2010 3:53am
Quoting Petar_Serbia
For today intraday trade i choose EURJPZ,i like this setup i created good projection on EURJPY where is Upper diagonal for me very strong and we have stoping Volume wich for me mean that Buyers lost power on London opening..
Took trade at 110.30

TP 109.20 SL about 110.95


Cheers and trade smart


Petar
SL HIT -65
"Buy on fear, sell on greed !!!
  • #75
  • Dec 2, 2010 3:58am Dec 2, 2010 3:58am
Quoting Petar_Serbia
SL HIT -65
I uppdated this minus on Total in first post...

IF chanel hold i will open again trade if not i am finished for today...
"Buy on fear, sell on greed !!!
  • #76
  • Dec 2, 2010 4:22am Dec 2, 2010 4:22am
Quoting Petar_Serbia
For today intraday trade i choose EURJPZ,i like this setup i created good projection on EURJPY where is Upper diagonal for me very strong and we have stoping Volume wich for me mean that Buyers lost power on London opening..
Took trade at 110.30

TP 109.20 SL about 110.95


Cheers and trade smart


Petar
Classical example to see why is Forex danger and why i trade strict 2 % risk per trade and usually gain is 3-4 % ...THis was good setup but this is Forex and many speculations today...

Again chart,very good for me but loss,wait tomorow for new intra setup...
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #77
  • Dec 2, 2010 6:59pm Dec 2, 2010 6:59pm
I liked the set up Petar, But eur/usd was too strong through European session, Was able to make another short off of the 111.00 levels with 25 pip stop and cover the losses when euro fell down during the news...Not that experienced in JPY pairs, but how often can the Eur/Jpy go down if the Bulls where taking over the Eur/Usd at the same time?

-Ryan
  • #78
  • Dec 3, 2010 3:06am Dec 3, 2010 3:06am
Quoting RyanRapa19
I liked the set up Petar, But eur/usd was too strong through European session, Was able to make another short off of the 111.00 levels with 25 pip stop and cover the losses when euro fell down during the news...Not that experienced in JPY pairs, but how often can the Eur/Jpy go down if the Bulls where taking over the Eur/Usd at the same time?

-Ryan
Morning guys,

EurUSD can go Up and EURJPY can go down,anyway setup was good an still smell like that chanel can be good but i wait today entry ...
"Buy on fear, sell on greed !!!
  • #79
  • Dec 3, 2010 3:20am Dec 3, 2010 3:20am
Yeah, the hourly Eur/Jpy trend line (top of the channel) has held numerous times and now the 200EMA on hourly is going to act as even more resistance. Eur/Usd is also holding up on the bottom of it's upward channel. Hourly MML S/R lines have most euro pairs in the over bought zone
  • #80
  • Dec 3, 2010 5:36am Dec 3, 2010 5:36am
Hi Petar,

Do you normally trade on fridays ?

Thanks and have a good Week-End!
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