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The ART of trading by Petar_Serbia

  • #2,101
  • May 30, 2016 4:26am May 30, 2016 4:26am
Quoting jhehe
Hi Petar, I continue to follow your threads routinely, I was wondering if you have any beginner guides or resources that you could point me to in understanding leveraging the use of tick volumes and volume spread analysis? Thanks! Keep up the good work, your analysis has been very good and helped me a lot!
Thank you, mate
Read book Master the markets for the start and you will understand better Volume spread analysis. Anyway, I am offering mentorship program where you can learn about volume analysis even if you are a beginner.

Today, I found upward pressure and successful test of supply in a low volume. I bought EUR/USD at the price of 1.1140 with SL about 15 pips. Wil try to take 70-80 pips.

BTW. Finally managed to back my main account into explorer.

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,102
  • May 31, 2016 9:43am May 31, 2016 9:43am
Hello guys,
Spotted weakness on AUD/USD. Let's see where that can lead us. The level of 0.7150 seems like strong support.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,103
  • Jun 2, 2016 3:41am Jun 2, 2016 3:41am
Hello traders,
I saw weakness on EUR/NZD. There is support cluster near the level of 1.6370. I saw few down bars in a high volume but with weak close (in the middle), which is a sign of strength. I also found successful testing of supply in a low volume. The daily bar also closed in the middle. I bought near the level of 1.6415 and secured already.

Petar
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"Buy on fear, sell on greed !!!
  • #2,104
  • Jun 2, 2016 5:38am Jun 2, 2016 5:38am
Weakness on GBP/USD at the price of 1.4470. I saw buying climax in the background. Also I found bearish harami pattern and bearish engulfing pattern. This represents that supply is still very active today and that we may expect downward movement.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,105
  • Jun 2, 2016 6:47am Jun 2, 2016 6:47am
Quoting Petar_Serbia
Weakness on GBP/USD at the price of 1.4470. I saw buying climax in the background. Also I found bearish harami pattern and bearish engulfing pattern. This represents that supply is still very active today and that we may expect downward movement. {image}
Good progress so far on GBP/USD. Lets see how much we can go. My TP is around 1.4340.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,106
  • Jun 3, 2016 4:31am Jun 3, 2016 4:31am
Hello traders,
I found intraday resistance cluster at the price of 157.25. on the GBP/JPY. There is a strong rejection from the cluster and bearish engulfing pattern in a high volume. I also found broken upward diagonal, which is a sign that we may see further downward movement.


Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,107
  • Jun 3, 2016 5:27am Jun 3, 2016 5:27am
Strength on EUR/USD. I marked letters on the chart and will go through explanation.

a - climatic action. The largest volume is seen in this bar and the bar closed in the middle. If there is real selling, how the bar can close in the middle ? It must be that smart money accumulating there.

b - the Narrow spread of the bar in a low volume. This is a test of supply. Confirmation that supply disappeared

c - another successful test of supply

Potential upward target is set at the price of 1.1215.

I think that smart money prepositioned before the news but we will see. Got small buy position there.

Petar
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"Buy on fear, sell on greed !!!
  • #2,108
  • Jun 3, 2016 5:40am Jun 3, 2016 5:40am
Quoting Petar_Serbia
Strength on EUR/USD. I marked letters on the chart and will go through explanation. a - climatic action. The largest volume is seen in this bar and the bar closed in the middle. If there is real selling, how the bar can close in the middle ? It must be that smart money accumulating there. b - the Narrow spread of the bar in a low volume. This is a test of supply. Confirmation that supply disappeared c - another successful test of supply Potential upward target is set at the price of 1.1215. I think that smart money prepositioned before the news...
Scaled half at 1.1216 and second position at 1.1250

Massive return for me and very good earn today >>

Its all about volume and price action
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,109
  • Jun 4, 2016 2:48am Jun 4, 2016 2:48am
surprised by oscillator.
  • #2,110
  • Jun 4, 2016 3:12am Jun 4, 2016 3:12am
Quoting Petar_Serbia
....Its all about volume and price action ...
well it is all about interpretation, supply and demand. market makers positioned themselves always right. they have enough money to know all relevant information on time.

i checked two brokers and none of them had volume on m15 as on you chart ...but M30 was good enough to make conclusion.
  • #2,111
  • Jun 4, 2016 3:34am Jun 4, 2016 3:34am
Quoting ruma29
{quote} well it is all about interpretation, supply and demand. market makers positioned themselves always right. they have enough money to know all relevant information on time. i checked two brokers and none of them had volume on m15 as on you chart ...but M30 was good enough to make conclusion.
Hello ruma,
I don't use feed only from one broker (InstaForex). I use real volume fxcm which is actually Indicator that shows the total volume of live trades during a specified period. Total volume is calculated from the sum of individual transactions. Also, I use futures market where we got centralized volume. When you look all of this then you got picture where is smart money positioned and what they cooking
One thing, market makers are not always right at all, They are just smart enough to trap the crowd. Every professional trader with knowledge of reading supply and demand can be the market maker of at least it can follow them. That's why i have mentorship program which I advice every trader to finish, who wants to start professionally this business.
About volume - Using only tick volume, you don't have so good picture about what's going on with supply and demand. But combining futures volume, real volume from a largest broker in the world together with tick volume is the real deal. Of course, you must know to read properly and analyze volume.
Feel free to post your charts when we start new week so we can create good discussion here

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,112
  • Jun 4, 2016 6:23am Jun 4, 2016 6:23am
Quoting Petar_Serbia
{quote} Hello ruma,..... Best Regards, Petar
Well,Volume accuracy depends on broker and that is just one of indication what is going on although volume is supposed to reflect supply and demand to certain degree. I count only on climax volume although there are difference between them. my interpretation of oscillators is different then rest of traders since I interpret it in function of supply and demand as well. I used to use ma of rsi and gave up: there is no difference with other oscillators once trader understand how market works.
  • #2,113
  • Jun 4, 2016 7:19am Jun 4, 2016 7:19am
Quoting ruma29
{quote} Well,Volume accuracy depends on broker and that is just one of indication what is going on although volume is supposed to reflect supply and demand to certain degree. I count only on climax volume although there are difference between them. my interpretation of oscillators is different then rest of traders since I interpret it in function of supply and demand as well. I used to use ma of rsi and gave up: there is no difference with other oscillators once trader understand how market works.
It depends on the broker but if you measure the volume of 3 main brokers in the world with a total daily average volume of 36B USD then its big clue of what's going on. If you also add futures market contract volume, you got a big clue of liquidity for the currency pair you observe.
I don't focus too much on oscillators or any additional indicators since for me its all about price action and activity (volume).

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,114
  • Jun 5, 2016 7:47pm Jun 5, 2016 7:47pm
attempt to scalp
EURUSD-H4
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  • #2,115
  • Jun 6, 2016 5:28am Jun 6, 2016 5:28am
Quoting ruma29
attempt to scalp EURUSD-H4 {image}
hmmm, supply looks very weak on EUR/USD today, be careful when selling even scalping on selling side. There is still buying pressure. Anyway, I found the interesting development on USD/JPY.

The largest volume is seen in Asia session. From that point, the price didn't break the level of 107.28. Seems like that Asian traders are in control on USD/JPY (selling control).

I marked letters on the chart >

a - Climatic action (largest volume today). The wide spread of the bar in an ultra high volume closed in the middle. The bar should close in the middle if there is real buying, especially not on this kind of ultra high volume. This is a major sign of weakness today.

b - Supply in a high volume entered the market, which is a sign that sellers are still present and that buying looks risky.

c - Looks like up thrust bar in a high volume. Supply overcame demand near the level of 107.25.

d - Weak demand (bar closed in the middle). We got few signs of weakness today and buying looks very dangerous.

First TP is around 106.40.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,116
  • Jun 6, 2016 7:52am Jun 6, 2016 7:52am
Quoting Petar_Serbia
{quote} hmmm, supply looks very weak on EUR/USD today, be careful when selling even scalping on selling side. There is still buying pressure. Anyway, I found the interesting development on USD/JPY. The largest volume is seen in Asia session. From that point, the price didn't break the level of 107.28. Seems like that Asian traders are in control on USD/JPY (selling control). I marked letters on the chart > a - Climatic action (largest volume today). The wide spread of the bar in an ultra high volume closed in the middle. The bar should close in...
Re-sold at the price of 107.33. Successful re-test of the upward channel. Still waiting for 100 pips drop or more.

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,117
  • Jun 6, 2016 8:11am Jun 6, 2016 8:11am
Strength on EUR/USD >

Massive demand from the background and successful tests on low volume today. Going for at least 150 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngsetup.png Size: 66 KB
"Buy on fear, sell on greed !!!
  • #2,118
  • Jun 7, 2016 5:06am Jun 7, 2016 5:06am
Hello dear traders,
I found a massive weakness on GBP/USD and I sold at the price of 1.4582. I marked letters on the chart >
30M time frame >

a - Massive volume spike and ultra-wide spread of the bar. The bar closed in the middle, which is a strong sign of weakness. If there is real buying from professionals the bar shouldn't close in the middle. Remember, the weakness appears on the up bars. This is a first major sign of weakness. Anyway, it's to early to take a position based on 1 bar only.

b - Supply entered the market in a high volume. Another sign that seller is still present.

c - Upthrust bar in a high volume near the area where we saw climatic action. This is a sign that buyers don't have power for higher prices today and that we may expect downward movement.

d - No demand bar. Narrow spread of the bar in a volume below the average. My entry.

If you like my analysis , feel free to comment >

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngsetup.png Size: 54 KB
"Buy on fear, sell on greed !!!
  • #2,119
  • Jun 7, 2016 7:19am Jun 7, 2016 7:19am
Hello Petar,

what is your target for the GBP/USD short?
Thanks in advance.
  • #2,120
  • Jun 7, 2016 8:22am Jun 7, 2016 8:22am
Quoting insomnia_76
Hello Petar, what is your target for the GBP/USD short? Thanks in advance.
Hello there,
1.4450 and 1.4360
"Buy on fear, sell on greed !!!
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