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The ART of trading by Petar_Serbia

  • #2,041
  • Apr 28, 2016 10:40am Apr 28, 2016 10:40am
My interview from Bratislava is now live >

Inserted Video
"Buy on fear, sell on greed !!!
  • #2,042
  • Apr 29, 2016 5:19am Apr 29, 2016 5:19am
Hello traders,
Today I found only Gold interesting for intraday trading. I found strong upward trend on the Gold and successful tests of supply in a low volume. We also got space to fill daily range for about 1000-1500 pips. Price respected 21SMA and mine RSX indicator respected the 50 level. Let's see how it will progress. My SL is around 400 pips and will try to take 1200 pips.

Best regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,043
  • Apr 29, 2016 6:11am Apr 29, 2016 6:11am
Quoting Petar_Serbia
Hello traders, Today I found only Gold interesting for intraday trading. I found strong upward trend on the Gold and successful tests of supply in a low volume. We also got space to fill daily range for about 1000-1500 pips. Price respected 21SMA and mine RSX indicator respected the 50 level. Let's see how it will progress. My SL is around 400 pips and will try to take 1200 pips. Best regards, Petar {image}
Our bullish train has left the station.I already like the progress. Price broke mini supply trendline

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,044
  • Apr 29, 2016 1:46pm Apr 29, 2016 1:46pm
Quoting Petar_Serbia
{quote} Our bullish train has left the station.I already like the progress. Price broke mini supply trendline Best Regards, Petar {image}
Hello traders,
Got my target around the price of $1,286.75 (+1.3%, 1100 pips). Wish you a good weekend and waiting for a new week for new opportunities.

Best Regards,
Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,045
  • May 2, 2016 7:11am May 2, 2016 7:11am
Hello traders,
Today again Gold most interesting for intraday trading. Strong upward trend and successful testings of supply on a low volume and a narrow spread of the bar are good signs that smart money is interested in higher price. I also found a broken base, which is another good signal that higher price is very possible. What I like on the Gold currently is a strong upward trend.
if you are going to become a good trader, which then leads to making money in the Forex market, you must trade with the consensus of professional opinion and not against it. Successful tests are the best to buy signal once we established a strong trend. My SL is around 400 pips and I will try to take 1300 pips or 1:3 RRR.
TP price around $1,313.00.

I found solid room for UP to fill average daily range.

Petar
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"Buy on fear, sell on greed !!!
  • #2,046
  • May 2, 2016 8:19am May 2, 2016 8:19am
Quoting Petar_Serbia
Hello traders, Today again Gold most interesting for intraday trading. Strong upward trend and successful testings of supply on a low volume and a narrow spread of the bar are good signs that smart money is interested in higher price. I also found a broken base, which is another good signal that higher price is very possible. What I like on the Gold currently is a strong upward trend. if you are going to become a good trader, which then leads to making money in the Forex market, you must trade with the consensus of professional opinion and not against...
Supply came in but I am still buying Gold now from $1,296.00. I found massive shakeout on M5. The wide spread of the bar in an ultra high volume and bar closed on the top. Going for 1800 pips.

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,047
  • May 2, 2016 9:38am May 2, 2016 9:38am
Quoting Petar_Serbia
{quote} Supply came in but I am still buying Gold now from $1,296.00. I found massive shakeout on M5. The wide spread of the bar in an ultra high volume and bar closed on the top. Going for 1800 pips. Petar {image}
Got SL on this one. Waiting for new opportunity.
"Buy on fear, sell on greed !!!
  • #2,048
  • May 3, 2016 6:00am May 3, 2016 6:00am
Hello traders,
I saw major weakness today on EUR/USD at the price of 1.1615. I marked letters on chart >

a - Buying climax (a major sign of weakness today). A wide range of the bar closing on the middle. It must be that sellers stepped in.

b - Another sign of weakness. Bar closed near to bottom in a high volume. This was a very first bar after climax, which is a sign that buyers don't have power for the higher price.

c - No demand bar. The narrow spread of the bar finished in the middle. This is the final confirmation that selling looks safe.

Targeting 1.1520 at least.

If you like analysis feel free to comment >
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,049
  • May 3, 2016 1:26pm May 3, 2016 1:26pm
Quoting Petar_Serbia
Hello traders, I saw major weakness today on EUR/USD at the price of 1.1615. I marked letters on chart > a - Buying climax (a major sign of weakness today). A wide range of the bar closing on the middle. It must be that sellers stepped in. b - Another sign of weakness. Bar closed near to bottom in a high volume. This was a very first bar after climax, which is a sign that buyers don't have power for the higher price. c - No demand bar. The narrow spread of the bar finished in the middle. This is the final confirmation that selling looks safe. Targeting...
Good progress far on EUR/USD I am in plus about 60 pips or 1:2 RRR. Very simple and effective setup from today based on pure price action and volume analysis.
My final target is set at the price of 1.1470 but will watch price action and close manually if is needed. Waiting tomorrow for new opportunities.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,050
  • May 4, 2016 4:32am May 4, 2016 4:32am
Quoting Petar_Serbia
{quote} Good progress far on EUR/USD I am in plus about 60 pips or 1:2 RRR. Very simple and effective setup from today based on pure price action and volume analysis. My final target is set at the price of 1.1470 but will watch price action and close manually if is needed. Waiting tomorrow for new opportunities. Best Regards, Petar {image}
Hello traders,
Took +85 pips or 1:3 RRR on EUR/USD. Today, I am waiting for news in a few hours to find potential new opportunities.

Best Regards.
Petar
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"Buy on fear, sell on greed !!!
  • #2,051
  • May 4, 2016 10:42am May 4, 2016 10:42am
Hello traders,
I bought EUR/USD at the price of 1.1500. I found strong shakeout in an ultra high volume from the 1.1465. According to the 1H timeframe, there is wide spread bar with ultra high volume but the bar closed in the middle. This must be that buyers took control from sellers. The support cluster got confirmed, which is also another strong sign that we may expect further higher price.

Tp around 1.1610.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,052
  • May 5, 2016 7:24am May 5, 2016 7:24am
Hello traders,
Took -0.5% on this one. I am observing market today to find potential new setups. Stay tuned.

Petar
"Buy on fear, sell on greed !!!
  • #2,053
  • May 5, 2016 7:53am May 5, 2016 7:53am
Hello traders,
I sold USD/CAD at the price of 1.6812 with SL about 50 pips. I am going for at least 1:3RRR. I will post video analysis soon. Stay tuned >

Petar
"Buy on fear, sell on greed !!!
  • #2,054
  • May 5, 2016 8:31am May 5, 2016 8:31am
Video analysis on USD/CAD >

Inserted Video


IF you like analysis feel free to comment >
"Buy on fear, sell on greed !!!
  • #2,055
  • May 6, 2016 7:43am May 6, 2016 7:43am
A Strong sign of weakness according to 1M time frame after the bad data from the US. Selling, selling and selling
Sold GBP/USD at the price of 1.4522.

I marked letters on the chart >

a - Massive volume spike and a wide spread of the bar (buying climax). Notice the close of the bar ? Bar closed in the middle, it must be that professional money sold into public panic buying.

b - Another high volume up bar but again closing in the middle, smart money won't let crowd to buy and they sold

c- Classic no demand narrow spread of the bar. My sell signal

Best Regards,
Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,056
  • May 6, 2016 10:32am May 6, 2016 10:32am
Quoting Petar_Serbia
A Strong sign of weakness according to 1M time frame after the bad data from the US. Selling, selling and selling Sold GBP/USD at the price of 1.4522. I marked letters on the chart > a - Massive volume spike and a wide spread of the bar (buying climax). Notice the close of the bar ? Bar closed in the middle, it must be that professional money sold into public panic buying. b - Another high volume up bar but again closing in the middle, smart money won't let crowd to buy and they sold c- Classic no demand narrow spread of the bar. My sell signal...
I took 100 pips and 1:3RRR in a 14 minute after the Non-Farm Employment Change news. This is how the smart money trade and I will post video about this setup soon.
Hope you also took good pips >

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,057
  • May 6, 2016 11:32am May 6, 2016 11:32am
As i promised GBP/USD video explanation >

Inserted Video

If you like my analysis, feel free to comment >

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,058
  • May 9, 2016 6:28am May 9, 2016 6:28am
Hello traders,
Let's speak about the Volume spread analysis.
Simply stated, spread analysis pays attention to the spread of the bar (range of the bar), volume and where the bar closed. These three things are very important.

Lets observe today example on GBP/USD FX and Futures market (1M timeframe). I marked letters on chart and will post explanation here >

a - Buying climax (volume spike). Bullish wide spread bar but with closing well of the high. Market don't like wide spread bars in an ultra high volume. The specialist will look to short in these situations. Anyway, we need more clues for positions.

b - Very next bar was a bearish bar in a high volume. So, if there is real buying power how the very next bar can be a bearish ? Of course, the smart money sold into public buying. Supply came in...

c - Classic no demand bar in a very low volume. Final confirmation that there is no professional money on the buying side, which means that can be only sellers.

Volume spread analysis or just spread analysis is all about smart observation and gathering clues to build the smart view.

Petar
Attached Image(s) (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,059
  • May 10, 2016 5:55am May 10, 2016 5:55am
Hello traders,
I am posting you my TV linkup from Friday >

Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,060
  • May 10, 2016 7:16am May 10, 2016 7:16am
I got an email about is the volume good in combination with chart patterns. All I can tell you, it is extremely powerful once you know to read and understand volume. Volume filters fake patterns and gives the patterns meaning.

Volume analysis in combination with the chart is very powerful. I will show you USD/JPY setup I spoke in the TV linkup. The point is to use volume spread analysis like the filter for patterns, to avoid fake patterns.
I am posting you 2 charts (FX chart and Futures market chart same instrument).
Futures markets got an inverse quotation on JPY, so Head and Shoulders formation on Futures market are inverted HSS on Forex.
Notice decreasing volume in an upward leg on the futures market. Decreasing volume on upward movement represents a lack of smart money involved in that movement and potential reverse soon or later. Once I spotted clear HSS formation I marked neckline and watched creation and breakout. I saw few UP - thrust bars in creation, which is the sign that pattern is valid and we need breakout but even more important (testing of neckline). Once I saw a successful test in a low volume of the neckline and narrow spread of the bar on that, I knew it will be beauty setup.
Setup is still active and potential target is set at 111.80
As you can see, patterns with volume analysis are very powerful.
Will post more examples

If you like analysis feel free to comment >
Attached Image(s) (click to enlarge)
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"Buy on fear, sell on greed !!!
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