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  • #1,521
  • Oct 12, 2014 3:59pm Oct 12, 2014 3:59pm
Quoting VRoot
whether it is correct to draw my line, Petar teacher? {image}
Hello there,
I dont like trend channels when you cant gather proper swings. Anyway, good practice.

Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,522
  • Edited 5:14am Oct 25, 2014 4:17am | Edited 5:14am
Very nice thread Petar thanks for showing all your analysis with us, I've been following along with your thread for a few weeks, please would you be so kind as to comment on my GBPCHF chart if possible? I am now learning to understand the bars and the processes of the professionals and try to makea correct analysis on the GBPCHF chart with some of my notes. I am not sure where to put the fib expansion or if this can used now but I think I have right idea? thank you for any comments warmly welcomed
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  • #1,523
  • Oct 26, 2014 10:37am Oct 26, 2014 10:37am
Hello Petar, this was the USDCHF 1h chart from last year which you covered the 4H chart previously, so I had a look at the 1H and each volume area for supply/demand dynamics around the bullish corrective phase, breaking of the fib retracement levels and the price arriving at the FE target/support level. I think I have the right idea? thank you for any comments are warmly welcomed. J
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  • #1,524
  • Oct 27, 2014 7:19am Oct 27, 2014 7:19am
Hi Petar,
Is this a good sign for the long side in the EUR/JPY, or is just a trap?
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  • #1,525
  • Oct 27, 2014 9:44am Oct 27, 2014 9:44am
Quoting JohnDalio
Very nice thread Petar thanks for showing all your analysis with us, I've been following along with your thread for a few weeks, please would you be so kind as to comment on my GBPCHF chart if possible? I am now learning to understand the bars and the processes of the professionals and try to makea correct analysis on the GBPCHF chart with some of my notes. I am not sure where to put the fib expansion or if this can used now but I think I have right idea? thank you for any comments warmly welcomed {image}{image}
Hello John and welcome to the thread.For the very first start you got some good points on the charts. The thing i teach my students is to keep chart clean and as less confusion as it possible. For example, on your first chart you always write profit taking on churn volume, which is not always case, churn volume may represent profit taking in some situations but actualy represent indecision market and high volume and low price action. Good points on first chart is that you spoted selling climax and after that absorption. On the second chart you got also some good points like supply zone and abcd bullish corrective phase finished. So lets say global you doing good for the very start. About Fibonacci part you need to focus on multi zones and right numbers, which i teach on my mentorship program. Anyway, keep posting charts and your ideas so we can disccus here. Also, its very important to understand multitimeframe analysis and make final decision after you got strong technical view on multiframes not just one timeframe.Best Regards,Petar
"Buy on fear, sell on greed !!!
  • #1,526
  • Oct 27, 2014 9:48am Oct 27, 2014 9:48am
Quoting Arkhro
Hi Petar, Is this a good sign for the long side in the EUR/JPY, or is just a trap? {image}
Hello Arkhro and welcome to thread,
You spoted good major Fibonacci expansion and rejection from Fibonacci expansion 100%. EUR/JPY got good potential for bullish phase at least for bullish corrective phase and also there is a chance for reverse on mid term prospective. 137.00 is resistance, if we see valid break of that level on healthy price action , we may see testing the level of 138.00-138.50. We got strong reactrion from buyers in the background, which makes this pair very risky for selling.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,527
  • Oct 27, 2014 10:17am Oct 27, 2014 10:17am
EUR/JPY Analysis : Bullish phase in progress, selling look riksy

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,528
  • Edited 5:25am Oct 29, 2014 5:15am | Edited 5:25am
Quoting Petar_Serbia
{quote} Hello John and welcome to the thread.For the very first start you got some good points on the charts. The thing i teach my students is to keep chart clean and as less confusion as it possible. For example, on your first chart you always write profit taking on churn volume, which is not always case, churn volume may represent profit taking in some situations but actualy represent indecision market and high volume and low price action. Good points on first chart is that you spoted selling climax and after that absorption. On the second chart...
Hello Petar, thank you for your comments and feedback I found it very helpful indeed, I definitely agree with you about better to keep the chart clean so we dont become confused, I will take your comments and implement this into my analysis thank you.

Yes before I was quite confused about the high churn bars, but now I read that they could mean profit taking, supply overcoming demand or demand overcoming supply, depending on where they are positioned and combined with other price bar to show direction. Do you look at and use the high churn bars in your trading?

I think these and also the stopping volume bars are very interesting and could be used to formulate a strategy alone, perhaps with a filter to confirm direction after the churn bar? They are very interesting bars it would seem. A good setup that I have seen is a widespread upbar at the top of an uptrend followed by a narrow range high volume churn bar then a lack of demand, for a good short opportunity. I will share some charts shortly thanks for your comments your analysis is very enjoyable.

I find a ABCD retracement indicator online, I am not sure if you are drawing ABCD by hand or use indicator to plot?
Attached File(s)
File Type: ex4 pz-abcd-retracement.ex4   29 KB | 709 downloads
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  • #1,529
  • Oct 29, 2014 9:15am Oct 29, 2014 9:15am
Hello John,
High churn bars are not so important in analysis, they are just one more sign from the technical aspect. I draw abcd corrective phases manualy. Since there are set of rules which need to confirm that one abcd is correct one. Also, for good setup you need to have many important factors in one lane. Every setup is different story and you must be able to recognize market pulse and fallow institutional money. Many things i am using in my analysis are my own creation and expiriance on the market for many years. Very soon, i plan to write book about that and share to my students. Anyway, keep posting your views so we can discuss, that is best way for the practice.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,530
  • Edited 9:38am Oct 30, 2014 9:10am | Edited 9:38am
Quoting Petar_Serbia
Hello John, High churn bars are not so important in analysis, they are just one more sign from the technical aspect. I draw abcd corrective phases manualy. Since there are set of rules which need to confirm that one abcd is correct one. Also, for good setup you need to have many important factors in one lane. Every setup is different story and you must be able to recognize market pulse and fallow institutional money. Many things i am using in my analysis are my own creation and expiriance on the market for many years. Very soon, i plan to write...
Hello Petar,
I am sure many and I would be very interested in your book also, here is a chart of GBPCHF after yesterdays FOMC minutes, I see the specialists buying on the news as absorption present at the low FE expansion support level, at the 61.8% retracement level/Monthly pivot saw supply overcome demand, however there is strength in the background combined with the uptrend/accumulation phase. Best regards J
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  • #1,531
  • Oct 31, 2014 11:08am Oct 31, 2014 11:08am
Eurusd position confused.
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  • #1,532
  • Oct 31, 2014 11:11am Oct 31, 2014 11:11am
Quoting JohnDalio
{quote} Hello Petar, I am sure many and I would be very interested in your book also, here is a chart of GBPCHF after yesterdays FOMC minutes, I see the specialists buying on the news as absorption present at the low FE expansion support level, at the 61.8% retracement level/Monthly pivot saw supply overcome demand, however there is strength in the background combined with the uptrend/accumulation phase. Best regards J{image}
Hello Jhon,
Yes, you spoted good absorption volume in the background but selling near the swing high looks very risky. We didint saw any larger reaction from sellers and also we got absorption volume in the background.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,533
  • Edited 11:26am Oct 31, 2014 11:12am | Edited 11:26am
Is it true Drawing MY TEACHER Petar
SORRY I HAVE NOT BEEN CAN ANALYZE THE VOLUME
  • #1,534
  • Oct 31, 2014 11:14am Oct 31, 2014 11:14am
Quoting VRoot
Eurusd position confused. {image}
Hello VRoot,
What confuse you on EUR/USD ? EUR/USD looks very risky for mid term buying since if the price breaks the levle of 1.2500 in a high volue and strong price action, we may even see testing the level of 1.2220-1.2050. Of course, if we see larger reaction from buyers from 1.2500, bullish phase will be possible, but according to current situation we can see larger reaction.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,535
  • Oct 31, 2014 11:46am Oct 31, 2014 11:46am
THANKS, ANALYSIS GURU EURJPY Petar VERY ACCURATE
NICE
  • #1,536
  • Nov 5, 2014 8:12am Nov 5, 2014 8:12am
EUR/JPY Update - Our second target at the price of 143.40 has been met (+700 pips since our original bullish trading idea)
For more infrmation about this article visit my website www.volumereaction.com

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,537
  • Nov 13, 2014 1:39am Nov 13, 2014 1:39am
Is there a reaction to buy at this time
teacher petar
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  • #1,538
  • Nov 13, 2014 8:44am Nov 13, 2014 8:44am
Quoting VRoot
Is there a reaction to buy at this time teacher petar {image}
Hello there,
Yes GBP/USD testing major support around the price of 1.5720 but its still risky for buying since we must observe volume reaction around that level. So we will watch for good reaction and strong price action to confirm possible bullish movement.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,539
  • Nov 24, 2014 10:54am Nov 24, 2014 10:54am
Hello everyone,
I just wanted to post some quick update on EUR/USD.
Be careful when buying EUR/USD since we got successful rejection from support level at the price of 1.2360. We got strong selling pressure (Friday bar) but on the 1H time frame we got selling climax (potential trap for sellers) and later on very weak supply, which is sign that selling looks very risky. Anyway, i have placed Fibonacci retracement to find potential resistance levels and i got Fibonacci retracement 38.2% at the price of 1.2450 and Fibonacci retracement 61.8% at the price of 1.2510. EUR/USD is now in abosprtion phase. If the buyers can find the way to absorb strong supply in the background (if the price breaks above 1.2550), we may see eur recovery and further bullish movement. If we see larger reaction from sellers around our Fibonacci ratios, that may confirm potential bearish continuation. Mid term selling looks risky.

Best Regards
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH124.png Size: 86 KB
"Buy on fear, sell on greed !!!
  • #1,540
  • Dec 9, 2014 8:25am Dec 9, 2014 8:25am
EUR/USD Video analysis update :

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
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