The ART of trading by Petar_Serbia | Page 111 | 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

  • #2,201
  • Jul 6, 2016 5:50pm Jul 6, 2016 5:50pm
Quoting ruma29
Petar, what would be example(s) of failed test? Does it really change market maker intention to move price in a certain direction? Thank you.
Hello there,
The failed test is when there is no reaction after the test bar or when there is a high volume on the test. The test should be on a low volume and we need to see action after few bars to confirm the successful test.

I found interesting opportunities on EUR/JPY and EUR/GBP.
I will post first EUR/JPY. This currency pair is in strong downward momentum and I found a classic bearish flat pattern and successful breakout. Also, there is decreasing in volume on the upward leg, which is a sign that buyers don't have power for a larger correction.

SL 35 PIPS and TP is set at 110.90 (150 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.pngsetup.png Size: 98 KB
"Buy on fear, sell on greed !!!
  • #2,202
  • Jul 6, 2016 6:33pm Jul 6, 2016 6:33pm
EUR/GBP Buying from 0.8592 with SL 35 pips and target at least 150 pips. I found strong upward momentum in the background and cup&handle formation. When the trend is in place this formation is very strong.

Lets seee >
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.pngcup.png Size: 94 KB
"Buy on fear, sell on greed !!!
  • #2,203
  • Jul 7, 2016 6:34am Jul 7, 2016 6:34am
Hello traders,
Found weakness on GBP/USD at the price of 1.3045. I found the responsive reaction from sellers and single prints around 1.3045. I am bearish on this currency pair and my target is set at the price of 1.2980 (point of control for today).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png07.png Size: 92 KB
"Buy on fear, sell on greed !!!
  • #2,204
  • Jul 7, 2016 7:35am Jul 7, 2016 7:35am
Quoting Petar_Serbia
Hello traders, Found weakness on GBP/USD at the price of 1.3045. I found the responsive reaction from sellers and single prints around 1.3045. I am bearish on this currency pair and my target is set at the price of 1.2980 (point of control for today). {image}
Closed +40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.pngclosed.png Size: 89 KB
"Buy on fear, sell on greed !!!
  • #2,205
  • Jul 7, 2016 7:49am Jul 7, 2016 7:49am
Found weakness on NZD/USD at the price of 0.7230. There is also single print on market profile and I am bearish on this currency pair. SL around 20 pips and will try to take 75 pips. I found climax in the background, up-thrust and successful test of up-thrust. Today point of control is set at the price of 0.7140 (my tp level).


Let's see how this will go >
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.pngentry.png Size: 72 KB
"Buy on fear, sell on greed !!!
  • #2,206
  • Jul 7, 2016 11:11am Jul 7, 2016 11:11am
Mr. Petar, thanks for the analysis and great works.
I would like to know what is the name of that vertical indicator you use ?
Do you mind sharing it ?
Thanks Sir
  • #2,207
  • Jul 7, 2016 12:39pm Jul 7, 2016 12:39pm
Quoting goldtime
Mr. Petar, thanks for the analysis and great works. I would like to know what is the name of that vertical indicator you use ? Do you mind sharing it ? Thanks Sir
Hello there and welcome to the thread
Name of indicator is market profile indicator and I will upload here >

Best Regards.
Petar
Attached File(s)
File Type: ex4 marketprofile_pob.ex4   16 KB | 494 downloads
"Buy on fear, sell on greed !!!
  • #2,208
  • Jul 7, 2016 12:54pm Jul 7, 2016 12:54pm
Quoting Petar_Serbia
Hello traders, Found weakness on GBP/USD at the price of 1.3045. I found the responsive reaction from sellers and single prints around 1.3045. I am bearish on this currency pair and my target is set at the price of 1.2980 (point of control for today). {image}
woah this went 150 pips from original entry >
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png150.png Size: 91 KB
"Buy on fear, sell on greed !!!
  • #2,209
  • Jul 7, 2016 6:29pm Jul 7, 2016 6:29pm
Hello everyone,
Got question on another forum about my success and how you can become profitable as beginner. This is pasted >
Uhhh, let's start with the answer. it's not a simple answer. At the very, first place is knowledge and education. Not any knowledge, you need proven knowledge from experienced successful traders. There are too many scammers on the internet selling you different things. My advice is starting to read books about Wyckoff analysis, Volume spread analysis, Market profile (for intraday trading), and Fibonacci work (retracements, expansions, harmonic trading), I can also add standard chart patterns. Once you understand these you can to next step. Learning about Intermarket analysis. How to futures market affect Forex, Oil on CAD, Gold on AUD, Nikkei index on JPY and so on ... I will give you on the example of my current short-term USD/CAD buying position where I used chart patterns and Intermarket analysis. Forex is very different from Stock market. I trade both markets successfully. Anyway, for intraday trading on Forex I use market profile analysis together with Volume spread analysis. For short term trading Forex, I use chart patterns and Intermarket analysis and volume analysis on futures.
I will post you 3 charts. The first chart is the chart of USD/CAD 4H where you can see a successful breakout of the downward channel. Notice that before the price broke channel the price failed to test lower diagonal (sign of strength). Later I recognized ABC correction and i placed Fibonacci expansion to find potential targets. Anyway, buying only because of breakout is not good, it is a good potential sign for a higher price but not enough. We need more clues from Intermarket analysis before we enter. A Canadian dollar is high colerated with Oil, so let's take a look Oil chart on the spot market. We can see a breakout of low today and breakout of the strong upward channel in the background. Since we already saw breakout on USD/CAD, the Oil breakout was a trigger for already marked USD/CAD for potential long. The third part I used in this example is a Future chart of Brend Oil chart. We can see also breakout in a very high volume, which is a sign that supply is rly. strong.
I hope you got the picture
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH4.pngH4.png Size: 142 KB
Click to Enlarge Name: #CLDaily.pngdaily.png Size: 121 KB
Click to Enlarge Name: chart.png Size: 147 KB
"Buy on fear, sell on greed !!!
  • #2,210
  • Jul 7, 2016 10:05pm Jul 7, 2016 10:05pm
Quoting Petar_Serbia
{quote} Hello there and welcome to the thread Name of indicator is market profile indicator and I will upload here > Best Regards. Petar {file}
thanks Mr. Peter, please keep update with your great analysis.
  • #2,211
  • Jul 7, 2016 10:08pm Jul 7, 2016 10:08pm
Quoting Petar_Serbia
Hello everyone, Got question on another forum about my success and how you can become profitable as beginner. This is pasted > Uhhh, let's start with the answer. it's not a simple answer. At the very, first place is knowledge and education. Not any knowledge, you need proven knowledge from experienced successful traders. There are too many scammers on the internet selling you different things. My advice is starting to read books about Wyckoff analysis, Volume spread analysis, Market profile (for intraday trading), and Fibonacci work (retracements,...
Mr. Petar, could you also attach the volume indicator you use, please ?
thanks Sir
  • #2,212
  • Jul 8, 2016 7:04am Jul 8, 2016 7:04am
Quoting goldtime
{quote} Mr. Petar, could you also attach the volume indicator you use, please ? thanks Sir
Of course,
Here it is >
Attached File(s)
File Type: mq4 BetterVolume 1.5 new with Alerts.mq4   7 KB | 430 downloads
"Buy on fear, sell on greed !!!
  • #2,213
  • Jul 8, 2016 7:53am Jul 8, 2016 7:53am
I have buy position on GBP/USD. I saw the single prints A from the start of Asia ses. and later on, B and C-prints confirmed buying tail A prints. I found that yesterday value is overlapped value area from two days ago, which is a sign that buyers are still in control as long the traders don't accept lower value area. The news came out in the US and I saw a drop in an ultra high volume (climax) and the single prints are still active. The price actually rejected from yesterday's point of control at 1.2906.

Will post video explanation in 10 minutes ...


Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngintraday.png Size: 116 KB
"Buy on fear, sell on greed !!!
  • #2,214
  • Jul 8, 2016 8:09am Jul 8, 2016 8:09am
Quoting Petar_Serbia
I have buy position on GBP/USD. I saw the single prints A from the start of Asia ses. and later on, B and C-prints confirmed buying tail A prints. I found that yesterday value is overlapped value area from two days ago, which is a sign that buyers are still in control as long the traders don't accept lower value area. The news came out in the US and I saw a drop in an ultra high volume (climax) and the single prints are still active. The price actually rejected from yesterday's point of control at 1.2906. Will post video explanation in 10 minutes...

Secured GBP/USD, nice going as expected. Larger timeframe traders clearly bullish, I saw that from Asia ses. If you are interested in learning how I combine Market profile with volume spread analysis and Wyckoff. You can start my mentorship program.

Contact me on skype : petar.jacimovic is my username

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngsecured.png Size: 117 KB
"Buy on fear, sell on greed !!!
  • #2,215
  • Jul 11, 2016 7:33am Jul 11, 2016 7:33am
Hello dear traders,
I found very good topping formation on GBP/USD M5 for potential 100 pips. There is head and shoulders formation with very good volume progress. I found strong climatic action in the background, u-thrust and no demand bars on the right shoulder, which is very good sign that sellers want to take control over buying for today. I am risking 30Ppips and going for 100 pips. TP level is set at the price of 1.2855.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.pngHSSS.png Size: 82 KB
"Buy on fear, sell on greed !!!
  • #2,216
  • Jul 11, 2016 8:55am Jul 11, 2016 8:55am
Strength on the Gold >
TP at $1,374.50. Value area is accepted higher and i found buying tail and single prints on the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 98 KB
"Buy on fear, sell on greed !!!
  • #2,217
  • Jul 12, 2016 6:02am Jul 12, 2016 6:02am
Strength on USD/JPY. Strong upward momentum and successful testing of supply in a low volume. Targets set at the price of 104.40, 104.75 and 105.90.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png12.png Size: 74 KB
"Buy on fear, sell on greed !!!
  • #2,218
  • Jul 12, 2016 6:59am Jul 12, 2016 6:59am
Video for my USD/JPY Setup >
Feel free to comment if you like


Inserted Video
"Buy on fear, sell on greed !!!
  • #2,219
  • Jul 12, 2016 9:25am Jul 12, 2016 9:25am
Quoting Petar_Serbia
Strength on USD/JPY. Strong upward momentum and successful testing of supply in a low volume. Targets set at the price of 104.40, 104.75 and 105.90. {image}
First TP met at the price of 104.40
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.pngTP.png Size: 68 KB
"Buy on fear, sell on greed !!!
  • #2,220
  • Jul 12, 2016 11:51am Jul 12, 2016 11:51am
Quoting Petar_Serbia
Strength on USD/JPY. Strong upward momentum and successful testing of supply in a low volume. Targets set at the price of 104.40, 104.75 and 105.90. {image}
you are good.
3 traders viewing now