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The ART of trading by Petar_Serbia

  • #2,141
  • Jun 14, 2016 7:06am Jun 14, 2016 7:06am
Let's try to go ahead of Retail Sale in US. I found that sellers got no power for the lower price.

I marked on the chart letters > EUR/USD chart 15M

a - Highest volume bar of the day and very weak supply. The bar closed in the middle and we got an average range of the bar. This is for my a strong sign of strength.

b - No selling pressure bar. We can observe bar with the volume lower then previous 2 bars.

c - Test of supply in a volume below the average. Entry level.

Got small position there, just trying to preposition before the news in 25 minutes.

SL is around 25 pips and TP is opened.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.pngvolume.png Size: 51 KB
"Buy on fear, sell on greed !!!
  • #2,142
  • Jun 14, 2016 8:22am Jun 14, 2016 8:22am
My bread and butter trade

Climatic action in the background and fake breakout and up-thrust.

Lets see how far we can go >
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.pngfake.png Size: 72 KB
"Buy on fear, sell on greed !!!
  • #2,143
  • Jun 14, 2016 8:38am Jun 14, 2016 8:38am
Quoting Petar_Serbia
My bread and butter trade Climatic action in the background and fake breakout and up-thrust. Lets see how far we can go > {image}
Took small lose here...
"Buy on fear, sell on greed !!!
  • #2,144
  • Jun 14, 2016 8:43am Jun 14, 2016 8:43am
Bought AUD/JPY at 78.10 major positions short-term oriented. Sl at 77.35.

Fake breakout of 20 days low, looks very attractive. Lets see...
Take profit opened.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.pngaudjpy.png Size: 90 KB
"Buy on fear, sell on greed !!!
  • #2,145
  • Jun 14, 2016 8:53am Jun 14, 2016 8:53am
Sold again USD/JPY intraday. Again fake brekout of 20 bars.

Lets see how this will go ...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.pngfaky.png Size: 79 KB
"Buy on fear, sell on greed !!!
  • #2,146
  • Jun 14, 2016 9:14am Jun 14, 2016 9:14am
GBP/USD made 20 bar low and retraced back. I am in and I will try to take 1:4 RRR. The bar wich made low is wide spread bar (climatic bar)
.
Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.pngfakekey.png Size: 85 KB
"Buy on fear, sell on greed !!!
  • #2,147
  • Jun 14, 2016 10:19am Jun 14, 2016 10:19am
One of reason why USDJPY went down instead up on Monday and still dwelling around is that 77% of traders were long on USDJPY , market makers know that so they turn it down although USD itself was going up or dwelling....

as per FXCM:

https://media.dailyfx.com/illustrati...Picture_10.png
  • #2,148
  • Jun 14, 2016 10:57am Jun 14, 2016 10:57am
Quoting ruma29
One of reason why USDJPY went down instead up on Monday and still dwelling around is that 77% of traders were long on USDJPY , market makers know that so they turn it down although USD itself was going up or dwelling.... as per FXCM: {image}
Yes, it may be. Anyway, I have AUD/JPY long from 78.10 (short-term trade). Plan to hold 3-7 days.
As I wrote in the previous post, I saw the fake breakout of 20 bars and price retraced very well. According to the 4H time frame, I found selling climax, which is a sign that smart money took most of the sell profits there and that AUD/JPY can reverse at least in the short term.

Best Regards,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH4.pngclimax.png Size: 103 KB
Click to Enlarge Name: AUDJPYDaily.pngaudjpy.png Size: 99 KB
"Buy on fear, sell on greed !!!
  • #2,149
  • Jun 14, 2016 11:19am Jun 14, 2016 11:19am
I am also holding NZD/CAD selling from 0.9022. Again, my bread and butter trade. Buying climax and wide spread of the bar. Smart money exited their longs and they started to sell, we saw that the very next day.

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.pngsetup.png Size: 88 KB
"Buy on fear, sell on greed !!!
  • #2,150
  • Jun 15, 2016 7:25am Jun 15, 2016 7:25am
Hello traders,
Today I found the strongest currency GBP. I like to buy GBP/USD especially after good news for GBP. I found a successful test of supply (hidden test), 20EMA acting like support whole morning and ADX is positive. Will try to take 40-60 pips.


Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,151
  • Jun 15, 2016 1:41pm Jun 15, 2016 1:41pm
Sold EUR/USD after the news.

SL is around 25 pips and will follow the price action for targets. I marked on the chart letters >

a - Massive volume spike and ultra-wide spread of the bar. First, potential sign that sellers may come into the market.

b - Supply in a high volume the very next bar and sign that sellers are on the market.

c - Up-thrust bar in a high volume, sellers still on the market.

d and e - No demand bars in a very low volume and ultra-low spread of the bars.

If you like analysis feel free to comment >
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.pngselling.png Size: 69 KB
"Buy on fear, sell on greed !!!
  • #2,152
  • Jun 15, 2016 3:01pm Jun 15, 2016 3:01pm
I am late...NZDUSD entered short at 0.7041...
  • #2,153
  • Jun 16, 2016 6:22am Jun 16, 2016 6:22am
Quoting Petar_Serbia
Sold EUR/USD after the news. SL is around 25 pips and will follow the price action for targets. I marked on the chart letters > a - Massive volume spike and ultra-wide spread of the bar. First, a potential sign that sellers may come into the market. b - Supply in a high volume the very next bar and sign that sellers are on the market. c - Up-thrust bar in a high volume, sellers still on the market. d and e - No demand bars in a very low volume and ultra-low spread of the bars. If you like analysis feel free to comment > {image}
Hello traders,
Very good progress on EUR/USD

I am in plus 100 pips and +85 on the second position. I secured a position at +50 and +70 pips according to the recent price action. As you see, its all about price action and volume analysis. Smart money awaiting big news to establish positions.

Levels to watch > 1.1160 and 1.070

Hope that you also took good pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngPRIFIT.png Size: 67 KB
"Buy on fear, sell on greed !!!
  • #2,154
  • Jun 16, 2016 7:32am Jun 16, 2016 7:32am
Quoting Petar_Serbia
{quote} Hello traders, Very good progress on EUR/USD I am in plus 100 pips and +85 on the second position. I secured a position at +50 and +70 pips according to the recent price action. As you see, its all about price action and volume analysis. Smart money awaiting big news to establish positions. Levels to watch > 1.1160 and 1.070 Hope that you also took good pips {image}
Took 4% on EUR/USD
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,155
  • Jun 16, 2016 7:39am Jun 16, 2016 7:39am
I found strong opportunity on the USD/JPY. The trend is strongly downward. I found broken upward trendline and fake breakout of 20 bars. Also , there are no demand bars, which is a sign that bullish correction finished. I will try to take 1:4 RRR. The risk is around 20 pips an I am going for 80 pips.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.pngsold.png Size: 52 KB
"Buy on fear, sell on greed !!!
  • #2,156
  • Jun 17, 2016 8:17am Jun 17, 2016 8:17am
Hello traders,
Today I only found Gold interesting for intraday trading. I found round bottom formation (saucer) and also flat horizontal base. I am aiming for $1.308.00 (yesterdays point of control).

Potential RRR is 1:4

You can see full analysis here >
https://www.instaforex.com/forex_analysis/77722/


Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM30.pngsetup.png Size: 91 KB
"Buy on fear, sell on greed !!!
  • #2,157
  • Jun 17, 2016 11:41pm Jun 17, 2016 11:41pm
past week was good except usdjpy..well, I screwed up...
--------------------------
I am not sure if USD will go more down...
  • #2,158
  • Jun 20, 2016 7:49am Jun 20, 2016 7:49am
Hello traders,
I found interesting near term oopportunity on the Gold >
Watch my video analysis >

Inserted Video


Best Regards.
Petar
"Buy on fear, sell on greed !!!
  • #2,159
  • Jun 20, 2016 1:42pm Jun 20, 2016 1:42pm
Found another great opportunity on USD/JPY. I sold at the price of 104.25 with SL around 70 pips. Anyway, I will try to take at least 400 pips. I found a massive supply in the background. I found clear bearish flag formation (re-distribution). On the futures market, there is more then 400% increasing in volume from the average 20MA.
All you need is trong liqudity and price action to confirm that.

TP opened ...

Best Regards.
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.pngshort.png Size: 103 KB
"Buy on fear, sell on greed !!!
  • #2,160
  • Edited 4:24pm Jun 20, 2016 3:04pm | Edited 4:24pm
Scalp: buy USDJPY 103.95...stop 103.77 target 5 pips and above
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-10pips( didn't wait for stop loss)...
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