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The ART of trading by Petar_Serbia

  • #81
  • Dec 3, 2010 6:42am Dec 3, 2010 6:42am
Hello guys,

For today intra setup i choosed ADUSUd becouse it looks better from others today...I will go for about 100 pips and SL is about 50 pips.We have news for 1h but i trade 2 % per trade,never mind is news or not...

Took trade at 0.9800 SL 0.9850 TP 0.9705

This is last trade for this week
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #82
  • Dec 3, 2010 8:08am Dec 3, 2010 8:08am
Quoting Petar_Serbia
Hello guys,

For today intra setup i choosed ADUSUd becouse it looks better from others today...I will go for about 100 pips and SL is about 50 pips.We have news for 1h but i trade 2 % per trade,never mind is news or not...

Took trade at 0.9800 SL 0.9850 TP 0.9705

This is last trade for this week
- 50 pips on this trade and i finished for this week,neutral week -30 pips...I expect much better next week...

Petar
"Buy on fear, sell on greed !!!
  • #83
  • Dec 4, 2010 8:59am Dec 4, 2010 8:59am
Quoting Petar_Serbia
- 50 pips on this trade and i finished for this week,neutral week -30 pips...I expect much better next week...

Petar

Nice trading Petar and like the charts. Sure u have seen it nice channel hit on EU big channel and previous swing bottom should be a good short for the open.
  • #84
  • Dec 4, 2010 9:09am Dec 4, 2010 9:09am
Nice channel looks good for down will see
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  • #85
  • Dec 4, 2010 3:53pm Dec 4, 2010 3:53pm
Thank you very much Petar for your great contributions and I will definietly join this little "classroom" of yours. Do you perhaps have any good links or books to read that would offer some insight into the world of volume? Would be very helpful for us that are still newcomers to volume trading.
  • #86
  • Dec 4, 2010 7:38pm Dec 4, 2010 7:38pm
Hi Petar, nice journal you have started, very glad you are helping people mate i wish you the best and keep it going
  • #87
  • Dec 5, 2010 8:41am Dec 5, 2010 8:41am
Quoting ariku
Thank you very much Petar for your great contributions and I will definietly join this little "classroom" of yours. Do you perhaps have any good links or books to read that would offer some insight into the world of volume? Would be very helpful for us that are still newcomers to volume trading.
Hello ariku and welcome to the thread

If we speak about books,to be honest i read some books about Volume but i dont use any of these things i read.I created my style od trading and i trade strick according my rules,that is one of the biggest lesson i learned long time ago.Create your rules and trade tehnique you love to trade and tehnique you practiced.

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #88
  • Dec 5, 2010 2:33pm Dec 5, 2010 2:33pm
Yes that's what i thought, then i'll just follow your journal and try to pick up some ideas that I could use on my own! But thank you for your efforts!
  • #89
  • Dec 5, 2010 3:05pm Dec 5, 2010 3:05pm
Quoting turboguru
Nice trading Petar and like the charts. Sure u have seen it nice channel hit on EU big channel and previous swing bottom should be a good short for the open.
Hello turboguru and welcome to the thread,you see good but as i always said every day is uniqe,i waiting tomorow to see potencial setup,hope it will be week like first

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #90
  • Dec 6, 2010 6:32am Dec 6, 2010 6:32am
Hello guys,

For today i choose Cable for Intraday setup.TP is around 1.5800 SL 1.5620.We are in good up chanel projection and i expect up for about 100 pips,we will see..
Risk is as always 2 % per trade...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #91
  • Dec 6, 2010 6:36am Dec 6, 2010 6:36am
Hi Petar,

Thanks to share again. Can you tell me what is your Time chart and what pair you trade ? I this G/U ?

Thanks
  • #92
  • Dec 6, 2010 7:14am Dec 6, 2010 7:14am
Quoting mfinab
Hi Petar,

Thanks to share again. Can you tell me what is your Time chart and what pair you trade ? I this G/U ?

Thanks
TF is M15
"Buy on fear, sell on greed !!!
  • #93
  • Edited 3:55am Dec 7, 2010 2:36am | Edited 3:55am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Petar_Serbia
Hello guys,

For today i choose Cable for Intraday setup.TP is around 1.5800 SL 1.5620.We are in good up chanel projection and i expect up for about 100 pips,we will see..
Risk is as always 2 % per trade...


Cheers

Petar
Hey petar.. my man
Seems your trade from yesterday found the right direction over night
I had a similar setup but entered a lilttle lower I think.
from 1.5680 --> TP: 1.5785. (= last weeks high / resistance)
So TP hit for me now (105pips)

Is your TP based on the channel = higher high.. or do you go for a fixed target of 100 pips every time?

Green pips to you!
edit: think your got your TP as well now. green pips for us all

Keep it on!

-Tuner-
"Blue Horseshoe loves Anacott Steel!"
  • #94
  • Dec 7, 2010 3:45am Dec 7, 2010 3:45am
Well played trade Petar.
  • #95
  • Dec 7, 2010 7:16am Dec 7, 2010 7:16am
Quoting Tuner
Hey petar.. my man
Seems your trade from yesterday found the right direction over night
I had a similar setup but entered a lilttle lower I think.
from 1.5680 --> TP: 1.5785. (= last weeks high / resistance)
So TP hit for me now (105pips)

Is your TP based on the channel = higher high.. or do you go for a fixed target of 100 pips every time?

Green pips to you!
edit: think your got your TP as well now. green pips for us all

Keep it on!

-Tuner-
Hello there
I just back from city and see TP hit +105 pips,i will pit update on first post...
I was put TP on fibo...I waiting setup for today...

Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #96
  • Dec 7, 2010 7:36am Dec 7, 2010 7:36am
Quoting RyanRapa19
Well played trade Petar.
tHANKS Rayan
"Buy on fear, sell on greed !!!
  • #97
  • Dec 7, 2010 8:03am Dec 7, 2010 8:03am
Petar

Your first post on this thread was inspiring to me and I am sure plenty other new traders alike. Your sensible advice is essential reading for most beginners to this business.

Just one question about your setups - where does your 'volume' come from? Reason I ask is that it seems not many people use volume in FX.

Thanks,

Kalbar
  • #98
  • Dec 7, 2010 10:28am Dec 7, 2010 10:28am
Quoting Kalbar
Petar

Your first post on this thread was inspiring to me and I am sure plenty other new traders alike. Your sensible advice is essential reading for most beginners to this business.

Just one question about your setups - where does your 'volume' come from? Reason I ask is that it seems not many people use volume in FX.

Thanks,

Kalbar
Hello Kalbar and welcome to the thread

First i want to say i am really glad to see that i help other traders to create good trading succes.
Better Volume is indicator wich can tell you where is buyers or sellers in current moment or if we have good Volume of trading or low (usually for Asia ses and Sidney).For Volume analisy you have many tehniques but i dont trade any of these tehniques i read in books becouse i cant agree with materials.From my EXP 2 most powerfull tools are clear BRAIN and PRICE ACTION,if you know to control these things you have good chance for succes.Many guys here trade according book Master of Market VSA analysy but i must say that book wasnt help me.I created my own tehnique according my psyhology and my good knowledge about price action.I use Volume just for help to determinate swings and to see where are buyers or sellers in current moment..


For example today i didnt see good setup and was away from market,just watched...
"Buy on fear, sell on greed !!!
  • #99
  • Dec 8, 2010 9:44am Dec 8, 2010 9:44am
I choose again Cable,we tested chanel with good volume,and i see Buyers dont have power more,that is my chance.Took sell GBPUSD at 1.5770 TP 1.5650 SL 1.5850

Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #100
  • Dec 9, 2010 3:14am Dec 9, 2010 3:14am
Added to position on 4H trend line fail with great risk reward @ 5815 w/ same SL and bad GBP Halifax HPI #. Got a Huge push down then end of London's first hour, triggered bunch of long sell stops. Looking good for now, but had to take heat through asian session mostly due to Aussie Employment #s better than expected causing USD to be weak across the board.
- With a break in the 1H up trend and a hold on test of 4H downtrend line, couldn't resist to add to this trade. Might be looking to take some profits at the Weekly Pivot 1.5699. GL to all

Ryan
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