The ART of trading by Petar_Serbia

Hello everyone,
I wanted to post for you textbook re-accumulation on USD/CAD which should be right now in plus about 560 pips. When the fundamental and technical analysis agree the result is amazing. Oil price did the job in this re-accumulation. Again, the market is driven by fundamentals and reflection of that you see on the chart.

After strong upward trend, the price went into a trading range.

We got >

SC- selling climax (stoping action)
AR - Automatic rally
ST - few secondary tests
SOS - Sign of strength
LPS - Last point of support

It was nice 5 days re-accumulation ...

Best Regards,
Petar

absolutely fantastic charts! keep up this great thread! and a lot of success with your own trading!
regards

Exellent stuff Peter

Thank you very much guys! Feel free to comment or post your analysis !
Do not miss the webinar today !!!

Professional way of trading Forex by Petar Jacimovic
Tue, Jan 19, 2016 10:00 AM - 11:30 AM Central Europe Standard Time

 

1. Please join my meeting from your computer, tablet or smartphone.
   https://global.gotomeeting.com/join/783295573
2. You can also dial in using your phone.United States +1 (571) 317-3122
   
   Access Code: 783-295-573

Hello everyone,
I am posting you my recorded webinar from today - Professional way of trading Forex -
hope you will enjoy. If you like feel free to post comment if you want to start cooperate with me you can add me on skype.

Inserted Video

Best regards,
Petar

Hello everyone,
Good progress on AUD/USD and NZD/USD. AUD/USD confirmed a breakout of key support so I expect a larger drop on this pair and hope for my final target at the price of 1.6380. Price broke strong trading range (re-distribution). I will try to catch 1:7 Risk Reward Ratio on AUD/USD
NZD/USD profit target level is at the price of 1.6287 (80 pips away from current price), hope I will take 1:3 RRR on this one.

Feel free to comment ...

Best Regards,
Petar

I got questions about EUR/USD so this is my analysis >

EUR/USD is in upward corrective phase. Price broke channel and we can see successful re-testing of supply trendline. I have placed Fibonacci expansion and I found 61.8% at the price of 1.1045 and Fibonacci expansion 100% at the price of 1.1240. Due to negative Europe stock indices and risk of ECB meeting this week, extended upward corrective phase is possible. Anyway, mid and long term trends are downward and QE program is active. Watch for potential selling opportunities once we finish upward correction. If you buy, you should watch to exit at 1.1045-1.1240.

I am uploading also EUR/USD Futures chart and strong reversal up thrust bar happened there from 200SMA according to 30M time frame. Sellers be careful because we may see re-test of 1.0983 and further potential breakout.
If you like analysis feel free to comment >

Best Regards,
Petar

This is not the place where you advertise, you can open own thread and post results. Focus on trading or I must restrict you from posting on this thread.

Petar

I m watching reaction after unchanged rate in Canada. Will watch speech of Poloz.
Meanwhile, we can see another reversal up thrust with the highest volume of the day on a futures market.

Petar

Hello everyone,
While we are waiting ECB meeting NZD/USD respected 10SMA accodring to the daily time frame and this can be good for my position. Still waiting TP at the price of 0.6290

Best Regards,
Petar

ECB kept interest rate unchanged and nothing special came from a meeting. ECB may consider adapting on low oil price and potential rework monetary policy if is needed in early March.
Draghi also said: Exchange rate is not a policy target which sent message to sellers of EUR to be careful

So, my analysis from yesterday got, even more, boost with this speech. Extended corrective phase is still possible on EUR/USD and potential testing of 1.1045-1.1250 before potential downward continuation.
Europe indices are still downward and there is not the strong recovery, which is another sign for potential extended corrective phase.
After Draghi speech price dropped 140pips (tested the level of 1.0777).
I found massive selling climax on the futures market and potential professional buying since we saw successful testing of supply after a massive drop.
I am neutral on EUR/USD due to mixed fundamental view (active QE program, weak Europe stocks, rates unchanged and no extension in QE program) and also a technical flat market. If you want to buy EUR/USD, try to exit around 1.1040-1.1250.

If you like my analysis feel free to comment >

Best regards,
Petar

Hello everyone,
I opened USD/CHF buy (short term) and AUD/USD, NZD/USD and GBP/USD selling.
I found buying climax on M30 on futures market which is sign that we may see professional sellers. I sold and will try to take 1:3RRR. Take profit level is around the price of 1.4090.

Best Regards.
Petar

Hello everyone,
I established also positions on EUR/USD. Europe stocks indices did found support and they started to recovery. Technically, I saw the strong breakout of a key short-term trendline. Today, I saw on the futures market also weakness and weak demand early morning.I opened 2 positions on EUR/USD.

Best Regards,
Petar

This is USD/CHF update. Secured on BE and waiting for potential 1:4 RRR.Strong breakout of a triangle and very bad fundamentals for CHF also they like weak CHF because of exports. Will try to take 2% from this one.

Best Regards,
Petar

Another interesting development on NZD/CAD. I shorted this pair since I found potential strong re-distribution and we have good space for targets. Also, we saw BOC that they are not so scared about low oil price which actually makes CAD very strong.

Target is around the price of 0.9040

Best Regards,
Petar

Hello everyone,
The slow market today and low volatility. Anyway, I still have my positions on EUR/USD, AUD/USD,NZD/USD,USD/CHF and NZD/CAD and I hope we can catch some targets before FED Fund rate decision this week.

Interesting reaction on futures market today on EUR/USD and I found the strong sign for weakness in the highest volume of the day. Also, I am posting you multi-frame charts where you can see weakness on almost all frames and potential professional selling. We have Draghi speech in 2 hours so maybe that can boost EUR/USD lower.
If you like analysis feel free to comment >

Best Regards,
Petar

I have also shorted GBP/USD around the price of 1.4250. I saw weakness on futures according to a daily time frame and I found head and shoulders formation on M30 confirmed. Bad fundamentals and the strong technical downward trend should push GBP/USD lower.Will try to take around 2.5 RRR.

Best Regards,
Petar

Hello everyone,
Due to low volatility and tomorrow's Federal Funds rate, I decided to close on breakeven GBP/USD and AUD/USD. GBP don't have good conditions on futures market as like on COT report, which is the sign that trading GBP pairs can be very dangerous.
AUD/USD I decided to close on breakeven because I expect higher Gold and since neutral RBA stance.
I also did put SL on breakeven on NZD/CAD and NZD/USD since I don't want to have active SL position if I am able to secure on breakeven.
EUR/USD 2 positions are still opened since we can see solid bearish effort on the futures market and changing in trend dynamic from upward to downward on lower frames. Anyway, I will exit before Federal Funds rate.
And the best position is USD/CHF so far (+90 pips currently) and it makes sense. Good technical conditions (broken symmetrical triangle, technical upward trend + fundamentals bad for CHF). I added another buy position after i saw successful re-test of the trading range (re-accumulation) and will try to take 90 pips risking 30 pips. You always want to add position on good runers. Of course, I will exit all positions before Federal funds rate.
I am awaiting Federal Funds rate decision to look for new opportunities on the market.

Hope you like my analysis and if you like analysis feel free to comment >
If you are interested to start my mentorship program, feel free and contact me via skype (petar.jacimovic is my username)

Best Regards,
Petar

Hello Peter, i would like to invite you to my trading fund. Add me on skype id - laurentziu1 , details also posted here http://www.forexfactory.com/showthread.php?p=8698432