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The ART of trading by Petar_Serbia

  • #2,001
  • Mar 30, 2016 8:42am Mar 30, 2016 8:42am
Quoting jmtini
{quote} Hi Petar I went short GBPAUD (just missed ideal level!) but now 70 pips in profit - looks 18500 as key target That's a bold play on GBPUSD - I am not convinced yet on the bull run! Still has to break through 144.50 - Strong break through of this level during US session may change my mind! Good luck on your trade Regards JM {image} {image}
Hello there,
Your entry was ok according to your technique but yYou should exit now if you didn't exit already. I see that strength came in and buyers are in control for now so it's risky for any selling. It doesn't mean that price will go higher but it represent that strength came in so higher price is in the play. We may see the higher price (1.8810-1.8875). Any financial market is driven by supply and demand and imbalance between them. Scaling out positions is same critical as entry level. When strength coming in, professional sellers will exit without thinking.

Petar
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"Buy on fear, sell on greed !!!
  • #2,002
  • Mar 30, 2016 9:23am Mar 30, 2016 9:23am
Quoting Petar_Serbia
{quote} Hello jmtini, I do trade GBP pairs. I found today very solid intraday buying opportunity and i opened buy position on GBP/USD at 1.4400. Take profit level is set at the price of 1.6505 and breakeven level is set at the price of 1.6450. We got strong demand yesterday after Yellen speach and today i found succcessful test of supply so i expect continuation of buying (re-accumulation Wyckoff phase). Anyway i will look to exit or secure position before todays news in 3 hours. I am posting you 30M chart and 5MIN chart > Best Regards, Petar {image}...
Good progress. I secured position on BE and I awaiting target at 1.4505. Of course, if i see weakness on the market i may exit manually.

Best regards,
Peetar
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"Buy on fear, sell on greed !!!
  • #2,003
  • Mar 30, 2016 11:16am Mar 30, 2016 11:16am
Quoting Petar_Serbia
{quote} Good progress. I secured position on BE and I awaiting target at 1.4505. Of course, if i see weakness on the market i may exit manually. Best regards, Peetar {image}

Hi Petar

I'm still not convinced on GBPUSD! I think we're going downhill - especially from tomorrow - could possibly expect downward acceleration


GBPAUD holding firm on down trend resistance level 1.8800 - still targeting 1.8500
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  • #2,004
  • Mar 30, 2016 12:33pm Mar 30, 2016 12:33pm
Quoting jmtini
{quote} Hi Petar I'm still not convinced on GBPUSD! I think we're going downhill - especially from tomorrow - could possibly expect downward acceleration GBPAUD holding firm on down trend resistance level 1.8800 - still targeting 1.8500 {image}
Hello there,
Supply came in near the level of 1.4450 and GBP/USD closed on breakeven. Watching for new opportunities tomorrow.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,005
  • Mar 31, 2016 8:16am Mar 31, 2016 8:16am
Hello everyone,
I bought NZD/USD today around the price of 0.6945. The reason for buying is broken bullish flag in a high volume according to the 30M time frame. Also, the price finally broke key resistance level 0.6870. My take profit level is set at the price of 0.7165 (strong resistance). SO, risk is about 35 pips and I am going for around 230 pips.

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,006
  • Mar 31, 2016 11:43am Mar 31, 2016 11:43am
Quoting Petar_Serbia
Hello everyone, I bought NZD/USD today around the price of 0.6945. The reason for buying is broken bullish flag in a high volume according to the 30M time frame. Also, the price finally broke key resistance level 0.6870. My take profit level is set at the price of 0.7165 (strong resistance). SO, risk is about 35 pips and I am going for around 230 pips. Best regards, Petar {image} {image}

Hi Petar

Had a look - strong resistance around 6960? Not sure if it will retest the level again. Maybe

My GBPAUD trade had to take profit around 18700 on strong recovery. One can never know what's going to happen next! But will look for re-entry signal
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  • #2,007
  • Apr 4, 2016 6:58am Apr 4, 2016 6:58am
Hello everyone,
I bought Gold at the price of $1,217.00. Take profit levels are set $1,242.00 and $1,270.00. Anyway, if I see that we got serious signs of weakness, I will exit manually. I marked letters on reactions and I will explain you more about >

a - Massive volume spike (selling climax) on the spot fx and futures market as well.Professional marked the price down. This challenges any bears around to come out into the open and show their hand.

b - Demand overcame supply in a very high volume and bar closed near the top (strength came in). Since we already got in background massive selling climax, professionals now showed their hands and we got clear sign that they are interested in buying Gold but we need to see a successful test like final confirmation of buying.

c and d - classic testing of supply ( the area where we got high activity). Since we already saw strong signs of strength, these testings became powerful buy signal. Why is this strong signal ? Becasue professional got final confirmation of accumulation and that is that supply disappeared so their buying positions will be safe.

if you like my analysis feel free to comment >

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,008
  • Apr 5, 2016 5:31am Apr 5, 2016 5:31am
Quoting Petar_Serbia
Hello everyone, I bought Gold at the price of $1,217.00. Take profit levels are set $1,242.00 and $1,270.00. Anyway, if I see that we got serious signs of weakness, I will exit manually. I marked letters on reactions and I will explain you more about > a - Massive volume spike (selling climax) on the spot fx and futures market as well.Professional marked the price down. This challenges any bears around to come out into the open and show their hand. b - Demand overcame supply in a very high volume and bar closed near the top (strength came in). Since...
Hello everyone,
I secured on BE my 2 positions on gold.
Very good progress on Gold and current +1300 pips (2% current earning)x 2 positions. Anyway, my targets are set at the price of $1,242.00 and $1,270.00. I am observing price action because if I see potential distribution before my fixed targets, I will exit manually. I will do later on video analysis about this setup. Again, its all about volume and price action. Without volume, traders don't have a clue about activity and they can't ride with smart money. Price action for itself its not enough to read smart money since smart money base trade on activity (liquidity).

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,009
  • Apr 5, 2016 7:35am Apr 5, 2016 7:35am
Buyers still in control and confirmation is successful testing of supply. We are in the effect phase from the accumulation on the bottom. First take profit level set at $1,241.50.

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,010
  • Apr 5, 2016 7:45am Apr 5, 2016 7:45am
I bought today EUR/USD at the price of 1.1368. I will write letters on chart and post explanation for each letter.

a - Intraday selling climax (volume spike) and bar finished on the bottom. First warning that potential professional buyers may come .

b - Reversal up-thrust (demand overcame supply) in a very high volume and bar finished near the high. If the massive supply (selling climax) was movement from professionals, we wouldn't see next bar up in a high volume. This is for me, serious sign of intraday accumulation incoming

c and d - classic tests of supply in a low volume (professional buying signal)

e - confirmation of test (demand in a high volume)

I am posting you video for both positions >

Inserted Video


If you like my analysis feel free to comment >

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,011
  • Apr 5, 2016 9:49am Apr 5, 2016 9:49am
We got strong shakeout due to the news in a very high volume. As I said professionals are bullish and news cant changes that. Let see where we will go from this point.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,012
  • Apr 6, 2016 7:10am Apr 6, 2016 7:10am
Hello everyone,
I closed all positions for now and took a small loss of 0.2%. Supply entered yesterday on the gold and it seems like very strong now. I will wait for FOMC meeting minutes today and hope for good positions tomorrow.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,013
  • Apr 6, 2016 1:21pm Apr 6, 2016 1:21pm
Hello everyone,
I sold today USD/JPY at the price of 110.12 with 2 transactions (0.5% risk each). I already secured on BE both positions. Reasons for entry. Nikkei225 is going down and USD/JPY got very big HSS formation in the background confirmed. After the breakout of the neckline, we saw 37 days base (sideways). This is strong re-distribution phase by Wyckoff analysis. I am expecting much lower price but we must go step by step. My first take profit level is set at the price of 108.50. Second take profit level is set at the price of 105.15 (Fibonacci expansion 100% and strong reaction support).

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,014
  • Apr 7, 2016 5:05am Apr 7, 2016 5:05am
Quoting Petar_Serbia
Hello everyone, I sold today USD/JPY at the price of 110.12 with 2 transactions (0.5% risk each). I already secured on BE both positions. Reasons for entry. Nikkei225 is going down and USD/JPY got very big HSS formation in the background confirmed. After the breakout of the neckline, we saw 37 days base (sideways). This is strong re-distribution phase by Wyckoff analysis. I am expecting much lower price but we must go step by step. My first take profit level is set at the price of 108.50. Second take profit level is set at the price of 105.15 (Fibonacci...
Hello everyone,
First, take profit (+150 pips or +1.5%) at the price of 105.50 reached. Awaiting second take profit level at 105.45. Of course, if i see that strength coming in, i will exit manually, before the fixed second tp.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,015
  • Apr 7, 2016 6:05am Apr 7, 2016 6:05am
Gold very bullish today. Seems like professional money is interesting in higher price. According to 15M time frame, I found successful testing of supply in a low volume.


Petar
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"Buy on fear, sell on greed !!!
  • #2,016
  • Apr 7, 2016 7:37am Apr 7, 2016 7:37am
Quoting Petar_Serbia
{quote} Hello everyone, First, take profit (+150 pips or +1.5%) at the price of 105.50 reached. Awaiting second take profit level at 105.45. Of course, if I see that strength coming in, I will exit manually, before the fixed second tp. Best Regards, Petar {image}
I closed the second position as well because strength came in I don't want to chase the market. I took +1.5% on second, which makes total earning on USD/JPY about + 3%. I opened EUR/NZD sell position at the price of 1.6725 with SL around 60 pips and TP around 220 pips. I will post later on video about USD/JPY reasons for closing positions and new EUR/NZD position. Stay tuned.

Petar
"Buy on fear, sell on greed !!!
  • #2,017
  • Apr 11, 2016 5:38am Apr 11, 2016 5:38am
Hello everyone,
I am going to business trip in two days but will try to post if I see interesting development on the market. For now, I am posting you my analysis for InstaTV.

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,018
  • Apr 11, 2016 8:53pm Apr 11, 2016 8:53pm
Hello everyone,
I took 2 buying positions on USD/JPY at the price of 108.10. First take profit level is set at the price of 110.40. Will post video analysis tomorrow.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,019
  • Apr 12, 2016 6:09am Apr 12, 2016 6:09am
Hello everyone,
As I promised, I am posting you video update on USD/JPY and also on EUR/USD and GBP/USD. If you like my analysis feel free to comment and like... I won't be at home in next 4 days due to the business trip but you can post your opinion and discuss about the market.

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,020
  • Apr 13, 2016 6:33am Apr 13, 2016 6:33am
Hello everyone,
Market update just for you

Inserted Video


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