The ART of trading by Petar_Serbia | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Art of Trading with MTF Stochastics 1,017 replies

The art of Trading MAs 883 replies

The Zen art of trading 24 replies

ok thats it!!! trading is more an art then a math algorithm 35 replies

Trading: Part Science and Part Art 28 replies

Attachments: The ART of trading by Petar_Serbia
Exit Attachments

The ART of trading by Petar_Serbia

  • #2,181
  • Jun 28, 2016 2:32am Jun 28, 2016 2:32am
USDJPY: waiting for "confirmation" I missed to take long at 101.95...well, next time....
  • #2,182
  • Jun 28, 2016 7:10am Jun 28, 2016 7:10am
Quoting Petar_Serbia
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...
Nice progress on GBP/USD and USD/CAD.

I secured a position on GBP/USD and current plus is +140pips. The final target is set at the price of 1.3950.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.pngsecured.png Size: 83 KB
"Buy on fear, sell on greed !!!
  • #2,183
  • Jun 28, 2016 8:23am Jun 28, 2016 8:23am
Video analysis on my positions >
Inserted Video


Petar
"Buy on fear, sell on greed !!!
  • #2,184
  • Edited Jun 29, 2016 12:30am Jun 28, 2016 9:45pm | Edited Jun 29, 2016 12:30am
USDJPY, H1 : long at 102.50, scalping
------------------------------------
gave up:-10
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 26 KB
  • #2,185
  • Jun 29, 2016 7:16am Jun 29, 2016 7:16am
Hello traders,
I found an opportunity for 30-40 pips on USD/JPY. I shorted at 102.68 with SL 12 pips. I will try to take around 40 pips. I found a fake breakout of 20 bars high and there is no strength in the previous upward leg. The trend is downward and I like to trade fake breakouts in a trend.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png29.png Size: 96 KB
"Buy on fear, sell on greed !!!
  • #2,186
  • Jun 29, 2016 7:49am Jun 29, 2016 7:49am
I am bullish on GBP/USD intraday >
I found successful testing of supply and upward trendline in a low volume, which is a sign that we may see the futher upward price.

TP set at 1.3570 but will secure at 1.3497.

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png29.png Size: 73 KB
"Buy on fear, sell on greed !!!
  • #2,187
  • Jun 29, 2016 8:12am Jun 29, 2016 8:12am
Quoting Petar_Serbia
I am bullish on GBP/USD intraday > I found successful testing of supply and upward trendline in a low volume, which is a sign that we may see the further upward price. TP set at 1.3570 but will secure at 1.3497. Petar {image}
Secured position on BE . I am right now in plus 40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.pngsecured.png Size: 71 KB
"Buy on fear, sell on greed !!!
  • #2,188
  • Jun 29, 2016 8:46am Jun 29, 2016 8:46am
Bought EUR/USD.
I found successful testing of the upward trendline, which represents that buyers supporting upward price.
Main TP at 1.1240.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngsetup.png Size: 108 KB
"Buy on fear, sell on greed !!!
  • #2,189
  • Jun 30, 2016 7:52am Jun 30, 2016 7:52am
Hello traders,
I am bullish on the Gold from the price of $1,319.00. I found the responsive reaction from buyers at the price of $1,312.00, which is a good sign for the further upward price. The interesting thing there is the point of control from 2 days ago. I have found a point of control at the price of $1,314.00. Since those responsive buyers came near the $1,312.00, this is an indication that they want a higher point of control and the higher price at the moment.
POC from yesterday at the price of $1,319.00 is on the test right now.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.pngsetup.png Size: 142 KB
"Buy on fear, sell on greed !!!
  • #2,190
  • Jun 30, 2016 9:38am Jun 30, 2016 9:38am
I am bearish on USD/CAD from 1.2988. Will try to take 40 pips (1.2945), the risk is 15 pips. I found single print at 1.3000. This is clean neutral day and trading on weakness to the POC (point of control is a good choice).
The bar closed in the middle in a very high volume, which is a clear sign of weakness...

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.pngentry.png Size: 103 KB
"Buy on fear, sell on greed !!!
  • #2,191
  • Jun 30, 2016 12:54pm Jun 30, 2016 12:54pm
Classic re-distribution on EUR/USD. Sold at the price of 1.1060 with SL 50 ppips and TP 150 pips.
TP set at the level of 1.0915.
FE 61.8% set at the price of 1.0880.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngsetup.png Size: 123 KB
"Buy on fear, sell on greed !!!
  • #2,192
  • Jul 1, 2016 9:12am Jul 1, 2016 9:12am
Bearish on USD/JPY at 102.57. I found strong downward momentum in the background. Also, I found few up-thrust bars near 102.70 and re-distribution phase.

My TP is set at the price of 102.15.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.pngentry.png Size: 65 KB
"Buy on fear, sell on greed !!!
  • #2,193
  • Jul 1, 2016 9:42am Jul 1, 2016 9:42am
Bullish on Gold at the price of $1,337.65. Will try to take 1:4RRR.

I found an upward trend and successful testing of supply in a high volume.

Tp is set at the price of $1,348.00.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM15.pngsetup.png Size: 86 KB
"Buy on fear, sell on greed !!!
  • #2,194
  • Jul 2, 2016 2:39am Jul 2, 2016 2:39am
in trading overconfidence is danger same or worse as lack of knowledge....
  • #2,195
  • Jul 3, 2016 5:47am Jul 3, 2016 5:47am
Hello,
Someone asked me about testing and up-thrust in email but I will also post here >
Testing is a most important bullish signal in volume analysis. it can be on high or low volume. Usually, we like to see testing of low volume but when there is high liquidity day, testing on high volume is also ok. It is called testing of supply because the smart money testing the previous area of supply (heavy supply). They need to test because they must make sure that there is little or no supply left before they establish buying positions.Test bar usually has a long lower tail, dipping into territories of previous low where we see high volume before closing ideally in the middle or high. It probes down then go up. If we see the unsuccessful test, this means that further downward is possible and that smart money must wait for a better opportunity.
Up-thrust bar indicates that supply overcoming demand. Upthrust is recognized as a wide spread up the bar before closing on the low. When seen market tops, they are a major sign of weakness. Volume can be either high or very low. I will prefer a high volume upthrust and recognize it as a buying climax as well.
Upthrust is usually a rapid up-move, luring herders and catches stop. If there was the weakness in the background, an upthrust will confirm the sign of weakness in the background. In the volume analysis, we always want to follow the general trend and the intraday trend. A gold example is Gold I am posting you here... Also, we never trade isolated bars, we always want to see the context of the bars and see what is the current background for the instrument we watch. Do we have weakness or strength in the background and what is the trend?
I will post trading ideas next week and we can discuss together. Also, my advice is to read the book Master the markets by Tom Wiliams (the creator of Volume spread analysis)
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM30.pngtesting.png Size: 83 KB
"Buy on fear, sell on greed !!!
  • #2,196
  • Jul 4, 2016 4:50am Jul 4, 2016 4:50am
Quoting Petar_Serbia
Hello, Someone asked me about testing and up-thrust in email but I will also post here > Testing is a most important bullish signal in volume analysis. it can be on high or low volume. Usually, we like to see testing of low volume but when there is high liquidity day, testing on high volume is also ok. It is called testing of supply because the smart money testing the previous area of supply (heavy supply). They need to test because they must make sure that there is little or no supply left before they establish buying positions.Test bar usually...
TP met
All you need is volume analysis and riding with the trend.
After i scaled out position at $1,348.00 I found today another great opportunitiy for buying Gold. There are few test bars at the price of $1,346.00.According to 30M time frame, tests happened near SMA21, which is very good sign of strength, there is no real interest from smart money for lower price, which means that they will continue to buy. My TP is set at the price of $1,363.75. Largest extension will be at $1,376.00.

Wish you good trading
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM30.png04.png Size: 93 KB
"Buy on fear, sell on greed !!!
  • #2,197
  • Jul 5, 2016 6:49am Jul 5, 2016 6:49am
Hello there,
I established buying position on USD/CAD at 1.2905. Very simple and clean setup. Upward trend, broken previous swing high and successful test of supply. I already secured position on BE and my target is at the price of 1.2970.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.pngsetup.png Size: 95 KB
"Buy on fear, sell on greed !!!
  • #2,198
  • Jul 5, 2016 3:52pm Jul 5, 2016 3:52pm
Quoting Petar_Serbia
Hello there, I established buying position on USD/CAD at 1.2905. Very simple and clean setup. Upward trend, broken previous swing high and successful test of supply. I already secured position on BE and my target is at the price of 1.2970. {image}
+65 pips today on USD/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png05.png Size: 93 KB
"Buy on fear, sell on greed !!!
  • #2,199
  • Jul 6, 2016 6:09am Jul 6, 2016 6:09am
Hello everyone,
I found an interesting setup on GBP/USD. I am bullish on this currency pair from 1.2983 with SL around 40 pips and will try to take around 180 pips. I found the responsive reaction from buyest at the price of 1.2790 and the GBP/USD changed behavior from that point. Later on, I saw a successful test of supply and i established buying positions.

TP at 1.3180.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngentry.png Size: 80 KB
"Buy on fear, sell on greed !!!
  • #2,200
  • Jul 6, 2016 11:38am Jul 6, 2016 11:38am
Petar, what would be example(s) of failed test? Does it really change market maker intention to move price in certain direction? Thank you.
12 traders viewing now