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The ART of trading by Petar_Serbia

  • #1,961
  • Mar 8, 2016 12:52pm Mar 8, 2016 12:52pm
Quoting Petar_Serbia
{quote} Glad that you took good pips I established 2 buy positions on GBP/USD. I am posting video explanation. Be careful when selling GBP/JPY since i expect GBP/USD higher. https://www.youtube.com/watch?v=JsMn...ature=youtu.be Best Regards, Petar
Hi Petar

Thanks for that. Yes, I think depends on tonight Asian session? Looking for drop down to around 15900 and then small retracement early tomorrow morning maybe 15935 for short entry (see chart). Otherwise all bets are off if it breaks upward through 16015 again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.iH1.png Size: 43 KB
  • #1,962
  • Mar 9, 2016 5:58am Mar 9, 2016 5:58am
Hello everyone,
GBP/USD is doing ok so far, we may expect further upward side. Anyway i wanted to post EUR/USD intraday view. Be careful when selling since we got signs of strenght nad we may see further upward side. First TP level is set around the price of 1.0990.

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png09.png Size: 97 KB
"Buy on fear, sell on greed !!!
  • #1,963
  • Mar 9, 2016 9:02am Mar 9, 2016 9:02am
My view on GBP/USD and EUR/USD >

Inserted Video


Best Regaards,
Petar
"Buy on fear, sell on greed !!!
  • #1,964
  • Mar 10, 2016 6:46am Mar 10, 2016 6:46am
Hello dear traders,
I established 2 buying positions at the price of on NZD/USD, will post video explanation in next 15 minutes.

Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,965
  • Mar 10, 2016 7:06am Mar 10, 2016 7:06am
Hello ,
While i am waiting for video to upload i will post charts and updates on my yesterdays call.

Amazing progress and very strong liqudity as i expected today >

Best Regards,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png10.png Size: 95 KB
Click to Enlarge Name: EURUSDH1.png10.png Size: 126 KB
Click to Enlarge Name: GBPUSDH1.png10.png Size: 131 KB
"Buy on fear, sell on greed !!!
  • #1,966
  • Mar 10, 2016 7:19am Mar 10, 2016 7:19am
Video update >

Inserted Video


IF you like analysis fell free to comment >

Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,967
  • Mar 10, 2016 9:11am Mar 10, 2016 9:11am
Hello everyone,
WE got massive buying in a ultra high volume on EUR/USD, GBP/USD/ I closed GBP/USD on breakeven. Will post about EUR/USD and GBP/USD later. I have active positions now on NZD/USD (2 buying positions due to massive selling climax). Also i opened 2 selling positions on USD/CAD because it looks to me like clasic re-distribution phase by research of Richard Wyckoff. I hope i will take good pips in these setups. On USD/CAD my targets are at the price of 1.3185, 1.3100. On first position risk was 20 pips going for 120 (1:5 RRR) pips and second position risk is 50 pips and i am going for 150 pips (1:3RRR).

Best regards,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM15.png10.png Size: 112 KB
Click to Enlarge Name: Wyckoff_re.png Size: 61 KB
"Buy on fear, sell on greed !!!
  • #1,968
  • Mar 10, 2016 12:52pm Mar 10, 2016 12:52pm
Hello everyone,
I took minus on USD/CAD but i did opened 2 selling positions on GBP/USD >
I am posting you chart >

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png10.png Size: 103 KB
"Buy on fear, sell on greed !!!
  • #1,969
  • Mar 10, 2016 5:13pm Mar 10, 2016 5:13pm
Quoting Petar_Serbia
Hello everyone, I took minus on USD/CAD but i did opened 2 selling positions on GBP/USD > I am posting you chart > Best Regards, Petar {image}
Hi Petar

I would be careful selling GBPUSD from technical perspective very nice bounce off 200 EMA on hourly chart.

Daily chart I see it up to 1.4450 or higher before any bounce down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.iH1.png Size: 44 KB
Click to Enlarge Name: GBPUSD.iDaily.png Size: 41 KB
  • #1,970
  • Mar 11, 2016 7:39am Mar 11, 2016 7:39am
Quoting jmtini
{quote} Hi Petar I would be careful selling GBPUSD from technical perspective very nice bounce off 200 EMA on hourly chart. Daily chart I see it up to 1.4450 or higher before any bounce down {image} {image}
Hello there,
From technical prospective we got massive buying climax in the background, which is strong sign of weakness. Anyway,i dont expect anything big on GBP/USD before interest rate decision in a few days. I will exit GBP/US setups on breakeven. Now, i have 3 EUR/USD positions and this is my video explanations >

Inserted Video


Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,971
  • Mar 11, 2016 9:38am Mar 11, 2016 9:38am
Quoting Petar_Serbia
{quote} Hello there, From technical prospective we got massive buying climax in the background, which is strong sign of weakness. Anyway,i dont expect anything big on GBP/USD before interest rate decision in a few days. I will exit GBP/US setups on breakeven. Now, i have 3 EUR/USD positions and this is my video explanations > https://www.youtube.com/watch?v=c5o9...ature=youtu.be Best regards, Petar
Hello everyone,
I closed all positions, i am waiting for next week for new opportunities.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,972
  • Mar 11, 2016 12:17pm Mar 11, 2016 12:17pm
Quoting Petar_Serbia
{quote} Hello everyone, I closed all positions, i am waiting for next week for new opportunities. Best Regards, Petar
Hi

I think a good idea. Looking to sell GBPUSD next week. It reached 14330 + as predicted but looking to see if we get a reversal sign perhaps engulfing bearish candle on daily time frame.

Actually I was tracking EURO against NZD and AUD because of relative strengths today

Here are the charts with aqua horizontal lines showing key selling areas. Notice how the price action hugged and bounced nicely off EMA's (no breakthrough)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD.iM30.png Size: 48 KB
Click to Enlarge Name: EURNZD.iM30.png Size: 54 KB
  • #1,973
  • Mar 12, 2016 4:31pm Mar 12, 2016 4:31pm
Sorry thought I would also post buying and selling areas GBPJPY and EURJPY from yesterday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.iM15.png Size: 53 KB
Click to Enlarge Name: EURJPY.iH1.png Size: 53 KB
  • #1,974
  • Mar 15, 2016 5:31am Mar 15, 2016 5:31am
Hello everyone,
I tried some setups yesterday and it didn't work but anyway, I established buying positions on USD/CAD and I closed the first position in plus at 1.3390 (Took around 1:3RRR). I secured the second position and my second TP level is set at the price of 1.3640.

I am posting you chart with labels. The decision was based on strong volume and price reaction from defined support cluster. We got selling climax which stopped price for going further lower and then very strong reaction from buyers and reversal up-thrust in an ultra high volume. Now, this must be that demand overcame supply so I established buying position on test of the support cluster. Very simple and effective logic.

Best Regards,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH1.png15.png Size: 107 KB
Click to Enlarge Name: USDCADDaily.png15.png Size: 92 KB
"Buy on fear, sell on greed !!!
  • #1,975
  • Mar 15, 2016 6:56am Mar 15, 2016 6:56am
Well done on UC!

Some other pairs to watch over the next few days:

GBPUSD we got that engulfing bearish bar and now establishing firm downtrend - look for good place to SELL
EURAUD now had EMA cross on 30 min chart. Nice level this morning 1.4815 resistance turned support - would have yielded a very quick 80 pips!
GBPJPY (levels below from earlier) , EURJPY and AUDJPY all very bearish. AUD very weak so expect AUDJPY (especially) to continue downtrend over next few days. Plenty of time to establish a position
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD.iM30.png Size: 55 KB
Click to Enlarge Name: GBPJPY.iM15.png Size: 45 KB
  • #1,976
  • Mar 15, 2016 7:51am Mar 15, 2016 7:51am
Quoting jmtini
Well done on UC! Some other pairs to watch over the next few days: GBPUSD we got that engulfing bearish bar and now establishing firm downtrend - look for good place to SELL EURAUD now had EMA cross on 30 min chart. Nice level this morning 1.4815 resistance turned support - would have yielded a very quick 80 pips! GBPJPY (levels below from earlier) , EURJPY and AUDJPY all very bearish. AUD very weak so expect AUDJPY (especially) to continue downtrend over next few days. Plenty of time to establish a position {image} {image}
Thank you jmtini,
I created a video for USD/CAD analysis. Good job to you also, you found good buying opportunity on EUR/AUD. Acctually on EUR/AUD i expect much higher price and i will post video about it soon.I will establish buying position on EUR/AUD very soon.

Now i am posting video for USD/CAD >

Inserted Video


Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,977
  • Mar 15, 2016 8:45am Mar 15, 2016 8:45am
As i promised

EUR/AUD video analysis >

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,978
  • Mar 16, 2016 1:26pm Mar 16, 2016 1:26pm
Hello everyone,
Due to the news we got again strong liquidity and EUR/USD is heading to test first Fibonacci expansion level 61.8% at the price of 1.1320. Fibonacci expansion 100% is set at the price of 1.1470 and Fibonacci expansion 161.8% at the price of 1.1700. I have active EUR/AUD two positions, we got selling climax there.

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png16.png Size: 68 KB
"Buy on fear, sell on greed !!!
  • #1,979
  • Mar 17, 2016 7:18am Mar 17, 2016 7:18am
Quoting Petar_Serbia
Hello everyone, Due to the news we got again strong liquidity and EUR/USD is heading to test first Fibonacci expansion level 61.8% at the price of 1.1320. Fibonacci expansion 100% is set at the price of 1.1470 and Fibonacci expansion 161.8% at the price of 1.1700. I have active EUR/AUD two positions, we got selling climax there. Best Regards, Petar {image}
Nice going on EUR/USD I have two positions on EUR/USD secured on BE. EUR/USD reached and did breakout of Fibonacci expansion 61.8% at the price of 1.1320. My TP levels are set at the price of 1.1430 and 1.1670. I closed USD/CHF in plus 100 pips or approx. 1:2.5 RRR. I have EUR/AUD buying positions already secured, will try to take 1:5RRR.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png17.png Size: 83 KB
"Buy on fear, sell on greed !!!
  • #1,980
  • Mar 17, 2016 8:21am Mar 17, 2016 8:21am
Interesting action on USD/JPY which tried to break key support at the price of 111.00 but the BOJ did an intervention and they sold JPY currency and on that way they protected USD/JPY for the further larger drop. Is this temporary or not, we will see in next period. Anyway, I will still look for a valid breakout in a high volume for potential downward continuation.

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png17intervention.png Size: 111 KB
"Buy on fear, sell on greed !!!
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