The ART of trading by Petar_Serbia | Page 107 | Forex Factory

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  • #2,121
  • Jun 7, 2016 11:30am Jun 7, 2016 11:30am
EURUSD is too long at current level...Somebody will pay for that....
  • #2,122
  • Jun 7, 2016 1:22pm Jun 7, 2016 1:22pm
In case of going long GBPUSD (shown H1)
Attached Image (click to enlarge)
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  • #2,123
  • Jun 8, 2016 6:29am Jun 8, 2016 6:29am
Hello dear traders,
I exited GBP/USD on breakeven and entered long due to potential strong accumulation.
I made video analysis for this one, hope you will enjoy >

Inserted Video


Petar
"Buy on fear, sell on greed !!!
  • #2,124
  • Jun 8, 2016 5:40pm Jun 8, 2016 5:40pm
Massive sign of strenth on NZD after the news. I bought NZD/USD at the price of 1.7090. The risk is about 20 pips and will try to take around 90 pips.

Ultra high volume and massive demand first 5 minutes and later on successful test in a low volume of supply. The trend was already in place before the news.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.pngsetup.png Size: 56 KB
"Buy on fear, sell on greed !!!
  • #2,125
  • Jun 8, 2016 6:46pm Jun 8, 2016 6:46pm
Quoting Petar_Serbia
Massive sign of strenth on NZD after the news. I bought NZD/USD at the price of 1.7090. The risk is about 20 pips and will try to take around 90 pips. Ultra high volume and massive demand first 5 minutes and later on successful test in a low volume of supply. The trend was already in place before the news. {image}
+40 pips current and secured position on BE. Let's see can we hit the target at the price of 0.7175.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,126
  • Jun 9, 2016 5:45am Jun 9, 2016 5:45am
Hello traders,
Today I found a weakness on EUR/USD and I sold at 1.1356. Will fallow price action and volume for taking profits.

I found strong supply in a high volume and later on few no demand bars in a low volume.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.pngsetup.png Size: 52 KB
"Buy on fear, sell on greed !!!
  • #2,127
  • Jun 9, 2016 6:07am Jun 9, 2016 6:07am
USD/JPY also created good conditions for long.
I saw strength near the level of 106.30 and I bought USD/JPY at the price of 106.50. Will try to take 60-80 pips but I will see what the price action and volume will shoe me in the future.

I found selling climax and sign of strength followed by successful testing of supply.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.pngsetuppppp.png Size: 69 KB
"Buy on fear, sell on greed !!!
  • #2,128
  • Jun 9, 2016 9:13am Jun 9, 2016 9:13am
might be opportunity to short NZDUSD,H1
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Click to Enlarge Name: NZDUSDH1.png Size: 24 KB
  • #2,129
  • Jun 9, 2016 10:20am Jun 9, 2016 10:20am
Quoting ruma29
might be opportunity to short NZDUSD,H1 {image}
Hello ruma,
The trend is strongly upward and selling positions are not a good choice. I found successful testing of supply (0.7090) today in a low volume with a narrow spread of the bar. The point is to be in sync with the trend and observe price action and volume to do proper day trading.

Critical resistance at this stage on NZD/USD is at 0.7147.

BTW. I took good return on EUR/USD and closed USD/JPY on BE.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.pngview.png Size: 65 KB
"Buy on fear, sell on greed !!!
  • #2,130
  • Jun 9, 2016 12:43pm Jun 9, 2016 12:43pm
Quoting Petar_Serbia
{quote} Hello ruma, The trend is strongly upward and selling positions are not a good choice. I found successful testing of supply (0.7090) today in a low volume with a narrow spread of the bar. The point is to be in sync with the trend and observe price action and volume to do proper day trading. Critical resistance at this stage on NZD/USD is at 0.7147. BTW. I took good return on EUR/USD and closed USD/JPY on BE. Petar {image}
Good for you..regarding NZDUSD: I am not talking of trend reversal and i think it will go down a little bit before continue up....of course it is wise to go long in uptrend. USD did not finish up move yet (94.14 or 94.46).
  • #2,131
  • Jun 10, 2016 8:12am Jun 10, 2016 8:12am
Hello traders,
It was obvious that smart money pre-positioned before the news. I wasn't near the computer for this news but from the daily price action, I saw that they already sold before the actual release. Missed this one but I am waiting next week for big news releases

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,132
  • Jun 10, 2016 10:53am Jun 10, 2016 10:53am
Interesting development on EUR/USD according to the daily time frame. I can see massive cluster there and the price respected very well that cluster. Also, I found a bearish engulfing pattern and buying climax in the background. I am bearish on EUR/USD according to the short-term prospective.

Objective targets are set at 1.1090 , 1.0900 and 1.0580

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png10.png Size: 152 KB
"Buy on fear, sell on greed !!!
  • #2,133
  • Jun 11, 2016 1:41pm Jun 11, 2016 1:41pm
USDJPY, D1: might be opportunity for long
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  • #2,134
  • Jun 13, 2016 6:29am Jun 13, 2016 6:29am
Quoting ruma29
USDJPY, D1: might be opportunity for long {image}
Current price at 106.03 is way bellow one I posted but there is still opportunity to go long unless price reach 105.50 or so...
  • #2,135
  • Jun 13, 2016 7:25am Jun 13, 2016 7:25am
Quoting ruma29
{quote} Current price at 106.03 is way bellow one I posted but there is still opportunity to go long unless price reach 105.50 or so...
Hello Ruma,
Its very risky to long there USD/JPY. It is strong downward trend and I see no pattern for any reverse. Be careful with longs..

Petar
"Buy on fear, sell on greed !!!
  • #2,136
  • Jun 13, 2016 9:04am Jun 13, 2016 9:04am
It is confusing when USD is going in certain direction and trader expect that currency pairs respond accordingly but some actually go in opposite direction then expected....
  • #2,137
  • Jun 13, 2016 10:00am Jun 13, 2016 10:00am
Quoting ruma29
It is confusing when USD is going in certain direction and trader expect that currency pairs respond accordingly but some actually go in opposite direction then expected....
I got USD/JPY and GBP/USD bearish setup.
After the massive volume spike, the price managed to go for automatic reaction and then went above climax bar to close the aggressive sellers. From the other side traders who trade breakout, they bought on the breakout of high climax bar and they also got trapped, because the smart money sold strongly there and did the fake breakout. I also Sold after there and I am watching price action to manage the position

Simple volume price action setup.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.pngsetup.png Size: 67 KB
"Buy on fear, sell on greed !!!
  • #2,138
  • Jun 13, 2016 10:07am Jun 13, 2016 10:07am
GBP/USD intraday setup.

The same like on USD/JPY I found climax and extension to fake the crowd. Lets see how it will go.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.pngsetup.png Size: 79 KB
"Buy on fear, sell on greed !!!
  • #2,139
  • Jun 13, 2016 10:41am Jun 13, 2016 10:41am
Quoting Petar_Serbia
GBP/USD intraday setup. The same like on USD/JPY I found climax and extension to fake the crowd. Lets see how it will go. {image}
Closed GBP/USD +80 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.pngtp reached.png Size: 95 KB
"Buy on fear, sell on greed !!!
  • #2,140
  • Jun 13, 2016 10:50am Jun 13, 2016 10:50am
I did put SL on be USD/JPY, lets see how much we can go
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.pngsecured.png Size: 74 KB
"Buy on fear, sell on greed !!!
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