The ART of trading by Petar_Serbia | Page 109 | Forex Factory

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The ART of trading by Petar_Serbia

  • #2,161
  • Jun 21, 2016 7:40am Jun 21, 2016 7:40am
Hello traders,
I am still holding my 2 main positions on GOLD (sell) and USD/JPY (sell). So far, Gold is in plus 1000 pips and USD/JPY is around breakeven. Will watch price action and let you know about updates or potential new opportunities
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"Buy on fear, sell on greed !!!
  • #2,162
  • Jun 21, 2016 2:25pm Jun 21, 2016 2:25pm
Finally I got in harmony with USDJPY...+50 or so
beleive: =>105.6=>106.07
-------------------------------------
About Brexit:

http://www.forexfactory.com/attachme...1&d=1466382142
  • #2,163
  • Jun 21, 2016 5:02pm Jun 21, 2016 5:02pm
Quoting ruma29
Finally I got in harmony with USDJPY...+50 or so beleive: =>105.6=>106.07 ------------------------------------- About Brexit: http://www.forexfactory.com/attachme...1&d=1466382142
Glad that you took pips
I closed in small lose USD/JPY and holding gold. I am in plus so far 1400 pips on the Gold.
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"Buy on fear, sell on greed !!!
  • #2,164
  • Jun 22, 2016 7:00am Jun 22, 2016 7:00am
Hello traders,
I took sell on EUR/NZD. I found strong selling pressure on the market in a high volume and there is descending triangle pattern. Going for at least 1:3 RRR
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"Buy on fear, sell on greed !!!
  • #2,165
  • Jun 22, 2016 12:18pm Jun 22, 2016 12:18pm
http://www.laughoholic.com/wp-conten...room-jokes.jpg
  • #2,166
  • Jun 23, 2016 5:11am Jun 23, 2016 5:11am
Hello traders,
I saw strength on the GBP/USD. Have long there from 1.4855.Upward trend and successful test of supply in a low volume . Demand is very strong in the background. TP at 1.5040. Anyway, will follow setup and manage manually.

Best Regards,
Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,167
  • Jun 23, 2016 5:32am Jun 23, 2016 5:32am
Quoting Petar_Serbia
Hello traders, I saw strength on the GBP/USD. Have long there from 1.4855.Upward trend and successful test of supply in a low volume . Demand is very strong in the background. TP at 1.5040. Anyway, will follow setup and manage manually. Best Regards, Petar {image}
+80 pips currently . I am already almost 1:3 RRR so far... nice liquidity on GBP
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"Buy on fear, sell on greed !!!
  • #2,168
  • Jun 23, 2016 7:33am Jun 23, 2016 7:33am
Bought again. This time at the price of 1.4883. I marked on the chart letters >



a - selling climax ( it happened after the climatic bar). First major sign of strength

b - demand in a high volume and strong price action happens after the selling climax bar.

c - Bar closed in the middle in a high volume (sign of strength). This is also test bar because it tested the supply.

d - Another test and sign of strength from the same place where we saw previous test.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,169
  • Edited 9:12am Jun 23, 2016 8:23am | Edited 9:12am
Quoting ruma29
Finally I got in harmony with USDJPY...+50 or so beleive: =>105.6=>106.07 ------------------------------------- About Brexit: http://www.forexfactory.com/attachme...1&d=1466382142
projected price levels reached( =>105.6=>106.03) ...I did not go long.

------

just to say 106.54 might be next target..
  • #2,170
  • Jun 23, 2016 9:16am Jun 23, 2016 9:16am
Hello traders,
I got a major position with 1% risk on EUR/JPY. I took sell at the price of 120.50 with SL around 40 pips. I found climatic action on EUR/JPY and a wide range of the bar. After that , the price did the automatic reaction. Anyway, i spotted lower swing high and breakout of AR support, which is clear sign for me that buyers exited their positions and that they sold.

TP 1 119.00
TP2 118.00
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,171
  • Jun 23, 2016 9:26am Jun 23, 2016 9:26am
EUR/USD is very similar to EUR/JPY sold one position also there >

TP 1.1250
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"Buy on fear, sell on greed !!!
  • #2,172
  • Jun 23, 2016 10:46am Jun 23, 2016 10:46am
Video update >
Inserted Video


Petar
"Buy on fear, sell on greed !!!
  • #2,173
  • Jun 24, 2016 1:56pm Jun 24, 2016 1:56pm
with selected pairs to trade , Brexit was good while was counting votes and awaiting expected speeches.....after that just like any other Friday...
  • #2,174
  • Jun 25, 2016 3:22pm Jun 25, 2016 3:22pm
In coming months Similar to 2010 (Greece) on any comment market will be volatile...Only those who know to trade will take advantage of it and others will support it as losers.
  • #2,175
  • Jun 26, 2016 6:41pm Jun 26, 2016 6:41pm
Quoting ruma29
In coming months Similar to 2010 (Greece) on any comment market will be volatile...Only those who know to trade will take advantage of it and others will support it as losers.
The best idea is to follow the strong holders. I am bearish on USD/JPY >

a - Massive supply in a ultra high volume (climatic action) in the background. The spread of the bar of 450 pips. The key thing will be to watch next bars and see where is the smart money.

b - Up-thurst bar in a high volume (supply overcame demand). Supply still present on the market and buying was very risky.

c - Wide spread of the bar but the bar closed in the middle. It is a sign of the strength. Since we already got climatic action in the background this represent taking profits from smart money and waiting for correction (public demand to see how much they can react),

c and d - a Narrow spread of the bars into new high near the level of 103.20. Buyers did their job and the smart money is ready to re-sell after they scaled out positions on the climatic bar.

Since I didn't saw that supply disappeared from the market, I am expecting re-test of the low at 99.00.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,176
  • Jun 26, 2016 6:55pm Jun 26, 2016 6:55pm
Similar scenario like on USD/JPY I am expecting on GBP/USD >

Massive supply in an ultra high volume in the background. The buyers reacted on climatic action but maximum they reached is the level of 1.3980. There I found the lack of buyers and low volume. Smart money started to sell again from that point. I don't even need to tell you that trend is very strong downward.

Pay attention to next levels >

1.3250 (Swing low from Friday)
1.2835 (Fibonacci expansion 61.8%)
1.2150 (Fibonacci expansion 100%)

Best Regards,
Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,177
  • Jun 27, 2016 8:39am Jun 27, 2016 8:39am
Shorted EUR/NZD.

The Strong downward pressure in the background in a high volume. The heavy supply wasn't removed. I found a symmetrical triangle and the successful breakout. I will watch for TP around 1.5325. Will try to secure around the price f 1.5450.

Petar
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"Buy on fear, sell on greed !!!
  • #2,178
  • Jun 27, 2016 12:58pm Jun 27, 2016 12:58pm
USD/CAD bullish opportunity >

I saw strong upward momentum and broken ascending triangle. I bought at 1.3110, SL is around 40 pips and I am going for 200 pips
TP around the price of 1.3300. There is also a successful test of supply in a low volume, which is a good sign for further upward continuation.
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"Buy on fear, sell on greed !!!
  • #2,179
  • Jun 27, 2016 3:17pm Jun 27, 2016 3:17pm
NZDUSD D1
bellow 06990 short , above 0.6990 long
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  • #2,180
  • Jun 27, 2016 8:13pm Jun 27, 2016 8:13pm
Hello traders,
4H timeframe,
I exited USD/CAD buying position since I found upward trap and I shorted USD/CAD at 1.3067 with SL 50 pips (will try to take at least 1:3RRR). I saw the fake breakout of prev. 20 bars and there is massive climatic action in the background, which is a sign for me that smart money already exited their long positions and that they are looking to short. My fixed target is set at the price of 1.2900. Anyway, I will follow transaction and may be let for few days.

I bought GBP/USD at the price of 1.3222 with SL around 120 pips and my fixed target is set at the price of 1.3950 (potential 700 pips) due to fake breakout of prev. 20 bars. There is massive climatic action in the background, which is a sign that smart money already closed their short positions.

Forex market is very manipulative and speculative so trading against most of the crowd is the way the smart money invest in Forex. It is much different from Stock market. A Clear example is fakeout process.
Let's take an example of USD/CAD. We are in an uptrend, we saw ascending triangle and the breakout of the same. Most of the traders will only try to buy and expect higher price but the market makers know about this and they put large sell orders and create a fake breakout. With this manoeuvre, they close sell orders on SL and they bring breakout traders to buy. When smart money starts to sell, the breakout traders getting nervous and they closing their buying position in SL or even join selling.

This is just my view on current market conditions. The best thing about these setups is risk reward ratio, which is very strong.

Wish you good trading and green pips
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"Buy on fear, sell on greed !!!
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