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The ART of trading by Petar_Serbia

  • #321
  • Feb 9, 2011 3:56am Feb 9, 2011 3:56am
Quoting Petar_Serbia
Hello friend ,

Where are you ? HOw your tradin ?

Look for EURJPY i am neutral becouse we can see negative coleration EURUSD and EURJPY and i dont like that..
Hiya Petar,

I'm never far away!

I think the slight negative correlation may be due to the Yen losing some strength against the USD since the Asian open today. Like Noda....lol....I'm watching closely. I will short this thing if I get a good signal. At the moment,eur/jpy just hit the daily R2, and eur/usd seems to be having trouble breaking away from the daily pivot.

The no sign to short either pair at the moment, but I'm keeping and eye on the both
Doing what you like is Freedom. Liking what you do is Happiness.
  • #322
  • Feb 9, 2011 4:11am Feb 9, 2011 4:11am
Hello guys,

Today i plan to take 3 position...Becouse yesterday i didnt have setup and i wont trade tomorow,that will be position till Friday..


First position is EURUSD sell at 1.3640 TP 1.3540 SL 1.3740


Very soon i will open anothers trades >


Cheers and green pips

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
"Buy on fear, sell on greed !!!
  • #323
  • Feb 9, 2011 5:01am Feb 9, 2011 5:01am
Hello guys i took sell Cable (2 positions)...We are in good projection with good Volume reaction on Upper diagonals.

I took trade at 1.6070 TP1.5950 TP2 1.5920 SL 1.6190




CHeers and green pips

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cablee.gif Size: 29 KB
"Buy on fear, sell on greed !!!
  • #324
  • Feb 9, 2011 6:59am Feb 9, 2011 6:59am
Petar,

One concern, don't you worry about the news on calendar like Bernanke testifying today?

I imagine that 1 of 2 things can happen: USD is good or is bad!
Still, the before and during interview time can be very volatile for any pair messing with USD.
And some major revelation like interest rates will change shortly or the US is bankrupt and everybody as to move out to China can be revealed! Even if the guy says it was a joke, in the end, the damage in the market is done!

Shouldn't the setups be placed while watching the market reaction to the interview?

The EURJPY back from the 70s... I bet it just went to the daily pivot point to mess with our trades...

Cheers
  • #325
  • Feb 9, 2011 10:14am Feb 9, 2011 10:14am
Quoting Dedas
Petar,

One concern, don't you worry about the news on calendar like Bernanke testifying today?

I imagine that 1 of 2 things can happen: USD is good or is bad!
Still, the before and during interview time can be very volatile for any pair messing with USD.
And some major revelation like interest rates will change shortly or the US is bankrupt and everybody as to move out to China can be revealed! Even if the guy says it was a joke, in the end, the damage in the market is done!

Shouldn't the setups be placed while watching the market...
Seems to me that waiting would have been a good option!
Both sets are loosing momentum now, but we could have saved some 30 pips entry point?
  • #326
  • Feb 9, 2011 10:35am Feb 9, 2011 10:35am
Quoting Dedas
Seems to me that waiting would have been a good option!
Both sets are loosing momentum now, but we could have saved some 30 pips entry point?
As i said many times everything is about patiance ,i know very well my projection and every setup i trade is high probality setup


Cheers and green pips

Petar
"Buy on fear, sell on greed !!!
  • #327
  • Feb 9, 2011 10:45am Feb 9, 2011 10:45am
Quoting Petar_Serbia
As i said many times everything is about patiance ,i know very well my projection and every setup i trade is high probality setup


Cheers and green pips

Petar
excellent trades Petar.....green pips to you as well... awaiting your 3rd trade for the day thanks in advance

Regards

Ali Raza
Raza
  • #328
  • Edited 11:26am Feb 9, 2011 11:05am | Edited 11:26am
I understand that in cable he gave 2 trades, all 3 given.

Cheers

James

Quoting shr5
excellent trades Petar.....green pips to you as well... awaiting your 3rd trade for the day thanks in advance

Regards

Ali Raza
  • #329
  • Feb 9, 2011 11:18am Feb 9, 2011 11:18am
Quoting James Pier
I understand tha in cable he gave 2 trades, all 3 given.

Cheers

James
Yea i have 2 trades on Cable,i posted that..
"Buy on fear, sell on greed !!!
  • #330
  • Feb 9, 2011 12:13pm Feb 9, 2011 12:13pm
Quoting Petar_Serbia
Hello guys,

Today i plan to take 3 position...Becouse yesterday i didnt have setup and i wont trade tomorow,that will be position till Friday..


First position is EURUSD sell at 1.3640 TP 1.3540 SL 1.3740


Very soon i will open anothers trades >


Cheers and green pips

Petar
EURUSD closed -100 pips
"Buy on fear, sell on greed !!!
  • #331
  • Feb 9, 2011 12:44pm Feb 9, 2011 12:44pm
Now i have 3 cable position,one from last week,waiting +175 pips,and 2 from today.If all closed in plus we will be in plus for this week and i will have chance for one more setup this week


I hope for that scenario
"Buy on fear, sell on greed !!!
  • #332
  • Feb 10, 2011 2:14am Feb 10, 2011 2:14am
Hi Petar, looks like today's MPC rate decision will have an impact on the cable positions, if rate is hiked cable will probabily jump at least 200 pips north but if rate is kept unchanged we will most probabily get some good momentum for our short because of the rate hike rumors, so let's cross the fingers
  • #333
  • Feb 10, 2011 2:39am Feb 10, 2011 2:39am
Quoting Heliosdz
Hi Petar, looks like today's MPC rate decision will have an impact on the cable positions, if rate is hiked cable will probabily jump at least 200 pips north but if rate is kept unchanged we will most probabily get some good momentum for our short because of the rate hike rumors, so let's cross the fingers
Morning guys,
Yea friend it will be interesing today If i see good setup i will open becouise i have one more posible setup for this week


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #334
  • Feb 10, 2011 2:43am Feb 10, 2011 2:43am
Quoting Petar_Serbia
Morning guys,
Yea friend it will be interesing today If i see good setup i will open becouise i have one more posible setup for this week


Cheers

Petar

All the very best for cable

take care

Regards

Ali Raza
Raza
  • #335
  • Feb 10, 2011 3:03am Feb 10, 2011 3:03am
Morning!

We have a saying here in PT, which goes like this:
"Another coin, another ride! Beautiful girls don't pay, but don't ride either!"

It was a not so nice trip yesterday, but today everything looks in line for a great trip! Has someone already told me, "Patience, my friend..." (Thanks Petar!) Still, no coin, no ride!

EURUSD back to the 1,3640 -100pips from yesterdays SL, We didn't deserve that)

Cable following the EUR with GBP weaker and maybe having a hard time on the 1.60->1,5999 cross, but MACD, Stocastic and RSI are all pointing the right way. In the end, the news will help on that!

Now, let's confirm our predictions and grab the very green and fat pips!

Cheers!
  • #336
  • Feb 10, 2011 3:15am Feb 10, 2011 3:15am
Quoting Dedas
Morning!

We have a saying here in PT, which goes like this:
"Another coin, another ride! Beautiful girls don't pay, but don't ride either!"

It was a not so nice trip yesterday, but today everything looks in line for a great trip! Has someone already told me, "Patience, my friend..." (Thanks Petar!) Still, no coin, no ride!

EURUSD back to the 1,3640 -100pips from yesterdays SL, We didn't deserve that)

Cable following the EUR with GBP weaker and maybe having a hard time on the 1.60->1,5999 cross, but MACD, Stocastic and...
Heh funny post

Look as i said many times,that all you wrote is FOREX.Sometimes we win for 1 pips sometimes our SL hit in pip,sometimes.
Most important things are >
If you see some SL,dont panic that is integral part of Forex,dont change strategy or something like that becouse this isnt Tennis where we change racket when we broke racket.Forex is like fishing,sometimes we dont catch fish,sometimes we catch and fish but she escape before we take her.


Cheers and green pips

Petar
"Buy on fear, sell on greed !!!
  • #337
  • Feb 10, 2011 3:26am Feb 10, 2011 3:26am
Hi Petar,

Thank you for reminding us all that we dont need many complicated indicators to be successful in trading.

I have read from the first post and could not find any explanation on how you set SL and TP. Somebody mentioned you use previous swing as SL or TP but I notice that it is not the case. Could you care to explain a bit on how u set SL and TP?

Also why do you always draw double lines for upper channel line and lower channel line?

Thanks!
  • #338
  • Feb 10, 2011 3:45am Feb 10, 2011 3:45am
Quoting jak12310
Hi Petar,

Thank you for reminding us all that we dont need many complicated indicators to be successful in trading.

I have read from the first post and could not find any explanation on how you set SL and TP. Somebody mentioned you use previous swing as SL or TP but I notice that it is not the case. Could you care to explain a bit on how u set SL and TP?

Also why do you always draw double lines for upper channel line and lower channel line?

Thanks!
Hello Jak,

As i said i dont have fix strategy for SL and TP,sometimes that is Fibo,sometimes swings,sometimes huge numbers.I better see when i draw double and that is my style...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #339
  • Feb 10, 2011 4:12am Feb 10, 2011 4:12am
One is for sure,

Very flafy week as like previuse week.We cant see run more than 100 pips in one way,important thing is that we got pips last week and if cable go down,we will also got positive week...


Petar
"Buy on fear, sell on greed !!!
  • #340
  • Feb 10, 2011 5:56am Feb 10, 2011 5:56am
Hi Petar,Did you survive yesterday's EUR USD trade?
I am asking because Alpari Demo (UK) showed 1.3744!
Thanks for all your help
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