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The ART of trading by Petar_Serbia

  • #481
  • Feb 21, 2011 9:23pm Feb 21, 2011 9:23pm
Entry 1.3580 SL 1.3480
  • #482
  • Feb 22, 2011 2:05am Feb 22, 2011 2:05am
Quoting Petar_Serbia
First USDJPY pair i dont trade but i created chart for you,what i see currently..I expexted to test very good projection on H1,we are now in one chanel wich is good for sell becouse we rejected from 161.8.My advice for this pair,stay away for now but i see more sell than buy currently..
I will repeat again,i cant explain how i draw projections becouse i dont have strict rules for that,my eyes look price action and i just do what my exp and eyes said...


Cheers

Petar
today (at the begining of asian session) i closed my long trade. here is the chart how i see it, details on my blog.
Petar - if you do not want me to say about my blog - its ok for me, just say.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 105 KB
  • #483
  • Feb 22, 2011 2:52am Feb 22, 2011 2:52am
Quoting Petar_Serbia
OK guys i thought yesterday that maybe we wont have setup but i found one solid setup on EURJPY and that will be last setup for this week.That mean we have 2 positive trades and 200 pips in profit now and we have 2 AUDUSD and this setup.

Last setup is EURJPY buy at 113.30 SL 112.30 TP 114.30




Cheers and green pips

Petar
Morning guys,

I see abnormal run on Asia but that is ok,all that is Forex...
OK Eurjpy closed at BE that mena we earned +450 pips for last week...Also today i we will open 2 setups..

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #484
  • Feb 22, 2011 3:08am Feb 22, 2011 3:08am
Quoting kapybara
Hi Petar,

I would like to ask you to take a look at these channels (if you have couple mins for me ) Here is 1H chart AUDNZD (I draw 3 channels). There is no setup intended, I don't want to trade this exotic pair, I just want to get into your mind and see, which of these channels would be your favourite one (if any ...). Thank you Petar, I try to get the best from your ART !
From charts you posted yellow one is ok...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #485
  • Feb 22, 2011 3:20am Feb 22, 2011 3:20am
Quoting Petar_Serbia
From charts you posted yellow one is ok...

Cheers

Petar
Hi Petar,

I think I understand, yellow channel is drawn following general rules about outer TL (starting from the first low of that trend move). Thanks for your PRO comment
  • #486
  • Feb 22, 2011 3:56am Feb 22, 2011 3:56am
Hello guys,

We start new week..I opened 2 buy positions on Cable at 1.6170 and TP1 is 1.6280 TP2 1.6350,SL is 1.6070

I see 2 solid projection on Cable wich tell me that we can see more UP side..ALso low Stoping volume on projection...Chart is H1,i entered on M15 as always...


Cheers and wish you good pips

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 39 KB
"Buy on fear, sell on greed !!!
  • #487
  • Feb 22, 2011 6:13am Feb 22, 2011 6:13am
Hi Petar,

Take a look on that chart and tell me if this is a good signal for you ?

It's seems to be a good one

http://my.jetscreenshot.com/4229/201...br8p-800kb.jpg

Thanks again have a good day and green pips !
  • #488
  • Feb 22, 2011 6:26am Feb 22, 2011 6:26am
Quoting mfinab
Hi Petar,

Take a look on that chart and tell me if this is a good signal for you ?

It's seems to be a good one

http://my.jetscreenshot.com/4229/201...br8p-800kb.jpg

Thanks again have a good day and green pips !
Hmm,i dont like that setup becouse you also can see that AUDUSD can test lower chanel and also i dont like smaller chanel you show us,i see one better chanel for me but now i am neutral on AUDUSD...

Anyway wish you good pips..

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #489
  • Feb 22, 2011 6:31am Feb 22, 2011 6:31am
Quoting Petar_Serbia
Hmm,i dont like that setup becouse you also can see that AUDUSD can test lower chanel and also i dont like chanels you show us,i see one better chanel for me but now i am neutral on AUDUSD...

Anyway wish you good pips..

Cheers

Petar
Hi Petar,

Thanks again for your quick reply!

Don't worry I'm not trading that one

Mfinab
  • #490
  • Feb 22, 2011 6:41am Feb 22, 2011 6:41am
Quoting mfinab
Hi Petar,

Thanks again for your quick reply!

Don't worry I'm not trading that one

Mfinab
You are welcome,
Look every analsy can be good and every time when you test your setups,write on paper and also you can put in printer...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #491
  • Feb 22, 2011 8:01am Feb 22, 2011 8:01am
Quoting CoolTrader
Entry 1.3580 SL 1.3480
closed for 100pips 1.3680

GU long still running. as seen target as petar's projection
  • #492
  • Feb 22, 2011 8:30am Feb 22, 2011 8:30am
Quoting CoolTrader
closed for 100pips 1.3680

GU long still running. as seen target as petar's projection
  • #493
  • Feb 22, 2011 10:30am Feb 22, 2011 10:30am
Quoting mfinab
Hi Petar,

Take a look on that chart and tell me if this is a good signal for you ?

It's seems to be a good one

http://my.jetscreenshot.com/4229/201...br8p-800kb.jpg

Thanks again have a good day and green pips !
imo - the upper one it is not a channel (you need 2 highs + 2 lows to draw it)
it could be rather broading triangle which suggests the price will go down
greetings
  • #494
  • Feb 23, 2011 1:06am Feb 23, 2011 1:06am
Morning Petar,
Thanks for all your time and help here.
I am a new trader with very small equity and trying to learn using micro lots.
Your comments and remarks about the charts posted by fellow bloggers are helping me in learning the trade and I am concentrating on your way of trading.(If I could do it at all)
A question about EUR:
Any reason you did not take EUR yesterday ?
  • #495
  • Feb 23, 2011 1:14am Feb 23, 2011 1:14am
Quoting cannarek
imo - the upper one it is not a channel (you need 2 highs + 2 lows to draw it)
it could be rather broading triangle which suggests the price will go down
greetings
Hi Cannarek,
I am trying to learn trading and your comments are very helpful in this process.Thanks
Can you pls suggest any web resource about drawing Trend Lines and channels?

Link to your Blog is not working.Can you pls update it?
  • #496
  • Feb 23, 2011 1:37am Feb 23, 2011 1:37am
Quoting Ifee
Hi Cannarek,
I am trying to learn trading and your comments are very helpful in this process.Thanks
Can you pls suggest any web resource about drawing Trend Lines and channels?

Link to your Blog is not working.Can you pls update it?
thks. to be honest imo the best source is this forum you will find some very good threats about TA - take a look also at Igrok method where proper drawing of lines is crucial
regarding my blog - it is here: cannarek.com
greetings
  • #497
  • Feb 23, 2011 1:52am Feb 23, 2011 1:52am
Hi Petar /and all thread contributors/,

yesterday I was able to see and predict the same projection on Cable, before I verified w/ you (one channel little bit differently, but still in learning process ). What I'm still missing, is the determination of your SLs and TPs (TP1 and TP2). Yes I know, you have said it many times - you have variable ways to set them on setups, but I would really appreciate if you could add comments to your setups for setting SLs and TPs. It would be definitely genius learning setup not only for me here

For example ... yesterday Cable: I think SL is set a bit under 38.2 Fibo (no point of price return) and TP1 set to testing HIGH from 3.2.2011 ... am I right? no clue about TP2)

Thanks for all you're doing here Petar.
  • #498
  • Feb 23, 2011 1:59am Feb 23, 2011 1:59am
Quoting cannarek
thks. to be honest imo the best source is this forum you will find some very good threats about TA - take a look also at Igrok method where proper drawing of lines is crucial
regarding my blog - it is here: cannarek.com
greetings
Thanks for your prompt reply.
I am going to read your recommended resource.
Come back to you afterwards
  • #499
  • Feb 23, 2011 2:31am Feb 23, 2011 2:31am
Quoting Ifee
Morning Petar,
Thanks for all your time and help here.
I am a new trader with very small equity and trying to learn using micro lots.
Your comments and remarks about the charts posted by fellow bloggers are helping me in learning the trade and I am concentrating on your way of trading.(If I could do it at all)
A question about EUR:
Any reason you did not take EUR yesterday ?
Well, i think he missed the timing and setup. which is ok. to let go one setup than being in a wrong setup.
  • #500
  • Feb 23, 2011 3:09am Feb 23, 2011 3:09am
Quoting CoolTrader
Well, i think he missed the timing and setup. which is ok. to let go one setup than being in a wrong setup.
true. if you have good method and you are patient and discipline - you will have hundreds of setups and missing one of them should not be the problem for you, at all
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