The ART of trading by Petar_Serbia | Page 119 | 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

  • #2,361
  • Sep 7, 2016 6:07am Sep 7, 2016 6:07am
Quoting Petar_Serbia
{quote} Strong supply on USD/JPY but we will see, i got my SL order if the price continue lower. Anyway, interesting action on EUR/USD and weakness in my opinion. Key pivotal point at 1.1255 and few successful tests from that number. Watch for selling opportunities. Downward levels to watch set at 1.1223 and 1.1175. {image}
London session also showed big respect for key trigger line at 1.1255. More weakness building here, i think once the price break 1.1224, we may see larger supply and potential testing of 1.1173-1.1160.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png077.png Size: 39 KB
"Buy on fear, sell on greed !!!
  • #2,362
  • Sep 7, 2016 6:59am Sep 7, 2016 6:59am
Pound already started distribution and weakness continued with boost of bad numbers Manufacturing Production m/m-0.9% vs -0.4%.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png07.png Size: 37 KB
"Buy on fear, sell on greed !!!
  • #2,363
  • Sep 7, 2016 7:13am Sep 7, 2016 7:13am
USD/JPY also build strength. Pivot point today is at 101.68. Strength in the background, it will be interesting to see where this can lead us. I marked on the chart economic news which caused the supply in the background.
The answer to Ruma's question about why we saw strength in JPY on Asia ses. is quite simple. When the Tokyo ses. opened the Asian ses. traders wanted to use bad ISM Non-Manufacturing PMI and they sold.

We can see that London ses. amd NY ses. traders are not interested in further selling USD/JPY , they started to accumulate and test the supply from Asian ses. In my opinion they successfuly tested supply and the price is ready to go up.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png07.png Size: 34 KB
"Buy on fear, sell on greed !!!
  • #2,364
  • Sep 7, 2016 8:17am Sep 7, 2016 8:17am
In my opinion today the best intraday opportunity is on GBP/USD. Bad numbers today combined with weakness in the background. I expect lower price and potential test of 1.3300. I found up-thrust on NY ses. They want to see lower GBP/USD > Keep in mid that we got few hours of Inflation Report Hearings, which can create larger volatility.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.pngnow.png Size: 43 KB
"Buy on fear, sell on greed !!!
  • #2,365
  • Sep 7, 2016 9:01am Sep 7, 2016 9:01am
Quoting Petar_Serbia
USD/JPY also build strength. Pivot point today is at 101.68. Strength in the background, it will be interesting to see where this can lead us. I marked on the chart economic news which caused the supply in the background. The answer to Ruma's question about why we saw strength in JPY on Asia ses. is quite simple. When the Tokyo ses. opened the Asian ses. traders wanted to use bad ISM Non-Manufacturing PMI and they sold. We can see that London ses. amd NY ses. traders are not interested in further selling USD/JPY , they started to accumulate and...

Great analysis Petar! I enjoy following your posts and learning more about the markets. Thanks for all the hard work my good sir!
Gentlemen always play by the rules, if they can't, they change them.
  • #2,366
  • Edited 10:45am Sep 7, 2016 10:02am | Edited 10:45am
Quoting Bsmile44
{quote} Great analysis Petar! I enjoy following your posts and learning more about the markets. Thanks for all the hard work my good sir!
Thank you very much, feel free to post your ideas so we can discuss together
Update on GBP/USD >
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngnow.png Size: 49 KB
"Buy on fear, sell on greed !!!
  • #2,367
  • Sep 7, 2016 10:32am Sep 7, 2016 10:32am
Watching the EUR/USD and I decided to placed sell stop pending order at 1.2223 since there is clear weakness and potential distribution in the background as I already spoke this morning. Anyway, we got ECB meeting tomorrow, so if you want to trade this do with low risk.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngnowwwww.png Size: 38 KB
"Buy on fear, sell on greed !!!
  • #2,368
  • Sep 7, 2016 10:41am Sep 7, 2016 10:41am
USD/JPY order filled. The price broke key pivot point at 101.66 and I started to buy. Since we got strength in the background, this should be a very good opportunity. The stop loss should be at 101.18 and TP opened. Since there is no big news for USD this week, we may see stronger USD till end of the week. Key event this week is ECB meeting tomorrow but for the USD the strongest event was ISM Non-Manufacturing PMI , so now when there is no high impact news for USD, we may expect strength on USD.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.pngnowe.png Size: 48 KB
"Buy on fear, sell on greed !!!
  • #2,369
  • Sep 7, 2016 11:36am Sep 7, 2016 11:36am
Video analysis only for you
Feel free to comment if you like...

Inserted Video
"Buy on fear, sell on greed !!!
  • #2,370
  • Sep 8, 2016 6:16am Sep 8, 2016 6:16am
Hello traders,
My EUR/USD pending order didn't fill so I deleted order. I am still bearish on GBP/USD and bullish on USD/JPY >
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.pngdidintfilkll.png Size: 44 KB
Click to Enlarge Name: USDJPYM30.pngstill.png Size: 48 KB
Click to Enlarge Name: GBPUSDM30.pngstill.png Size: 49 KB
"Buy on fear, sell on greed !!!
  • #2,371
  • Sep 8, 2016 8:24am Sep 8, 2016 8:24am
Video analysis >

Inserted Video
"Buy on fear, sell on greed !!!
  • #2,372
  • Sep 8, 2016 9:39am Sep 8, 2016 9:39am
Today I will hold webinar about professional trading and you are all welcome to join >

The art professional trading

Thu, Sep 8, 2016 10:00 PM - 11:00 PM Central Europe Daylight Time
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/773542141




You can also dial in using your phone.
United States : +1 (872) 240-3412


Access Code

: 773-542-141





First GoToMeeting? Try a test session:

http://help.citrix.com/getready
"Buy on fear, sell on greed !!!
  • #2,373
  • Sep 8, 2016 2:55pm Sep 8, 2016 2:55pm
I opened room > Feel free to join >
https://global.gotomeeting.com/join/773542141
"Buy on fear, sell on greed !!!
  • #2,374
  • Sep 8, 2016 4:51pm Sep 8, 2016 4:51pm
Thank you everyone for coming, it was a nice webinar .

Also, update on my positions >

Very good progress on USD/JPY and GBP/USD > Hope that you also joined
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM30.pngupdate.png Size: 66 KB
Click to Enlarge Name: GBPUSDM30.pngupdate.png Size: 60 KB
"Buy on fear, sell on greed !!!
  • #2,375
  • Edited 8:08am Sep 10, 2016 7:48am | Edited 8:08am
Quoting Petar_Serbia
Video analysis only for you Feel free to comment if you like... https://www.youtube.com/watch?v=VJlg...ature=youtu.be

Right. It was misinterpretation of data by market makers expressed in price on chart ....Really?
  • #2,376
  • Sep 10, 2016 11:04am Sep 10, 2016 11:04am
Quoting ruma29
{quote} Right. It was misinterpretation of data by market makers expressed in price on chart ....Really?
Who said it was misinterpretation ? It was bad Non-Manufacturing Production, news traders,robots, high-frequency traders came in and that's why we saw USD temporary weakness. Watch again video and my analysis here and do it carefully. I am posting on this website to help traders and to open eyes to most of retail traders. They can lose years and years trying to base trade on technical analysis. Also, try to post something productive rather than argue with me.


Petar
"Buy on fear, sell on greed !!!
  • #2,377
  • Sep 11, 2016 7:56pm Sep 11, 2016 7:56pm
Hello guys,
I am posting you my TV linkup. .Hope you will like it

Inserted Video


Update on my positions >
Still holding USD/JPY buying position from 101.72 and GBP/USD selling from 1.3369 (USD/JPY target 103.30 and on GBP/USD at 1.3150). Will post new update tomorrow.

Petar
"Buy on fear, sell on greed !!!
  • #2,378
  • Sep 12, 2016 8:11am Sep 12, 2016 8:11am
Hello traders,
I I am posting you update on USD/JPY and GBP/USD. I am still holding USD/JPY buying position from 102.72. The price managed to re-test this level but there is strong point of control according to market profile at the price of 102.65. Since I read the background sentiment and strength is still active, my advice is to watch for buying opportunities. Take profit level on USD/JPY is set at 103.30.
On GBP/USD I found strong point of control at the price of 1.3300 (two-day point of control and round number).Still holding sell from 1.3369 but plan to exit at the end of day. Reason is simple, we got tomorrow morning CPI y/y and I don't want to hold position on this high impact event. EUR is awaiting ECB President Draghi Speach tomorrow and will see the result of speech and maybe establish intraday position.

Wish you good trading,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngupdate.png Size: 72 KB
Click to Enlarge Name: USDJPYM30.pngstill.png Size: 63 KB
"Buy on fear, sell on greed !!!
  • #2,379
  • Edited 6:21am Sep 13, 2016 6:07am | Edited 6:21am
Quoting Petar_Serbia
Hello traders, I I am posting you update on USD/JPY and GBP/USD. I am still holding USD/JPY buying position from 102.72. The price managed to re-test this level but there is strong point of control according to market profile at the price of 102.65. Since I read the background sentiment and strength is still active, my advice is to watch for buying opportunities. Take profit level on USD/JPY is set at 103.30. On GBP/USD I found strong point of control at the price of 1.3300 (two-day point of control and round number).Still holding sell from 1.3369...
Hello traders,
I am posting updates on GBP/USD and USD/JPY. I still holding
GBP/USD short position from 1.3368 because at the end of yesterday I was in plus only 30 pips and since I secured position few days ago I held on the today's news .
CPI y/y came out 0.6% vs 0.7% , which is the reason why we seeing downward pressure today. Anyway, will wait end of day and close position because tomorrow we have Average Earnings Index 3m/y and Claimant Count Change. Target still the same at the price of 1.3155.

USD/JPY reacted again strong from point of control at the price of 101.41 as I expected and smart money bought again as like last week. Anyway, take profit level is still set at the price of 103.30.

EUR is awaiting Draghi Speach and I will watch price reaction and result of speech and then decide if there is any good opportunity on EUR.
Don't forget , it is fundamentals what drives the market and what brings buyers and sellers. If you see there is no big event and the market is going higher or lower then it is because of background and past fundamentals. Traders who don't know to read fundamentals and don't understand market conditions and market behaivor, they have no chance to succeed on the market. 99% of products you can find on internet are potential scams. They only want to take your money to buy their product. The reality is , fundamental understanding and understanding of price behavior is always reason of being in trade in professional world. Technical analysis is used to benefit from fundamental reading. If you want to start your professional path , you can add me on skype : petar.jacimovic is my username and we can talk about mentorshi program where I can teach you everything you need and full routine of professional trader.

Stay tuned because I will post later about Volume Spread analysis and potential scam and explain my reasons.


Wish you good trading,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.pngupdateeee.png Size: 80 KB
Click to Enlarge Name: USDJPYM30.pngupdateee.png Size: 75 KB
"Buy on fear, sell on greed !!!
  • #2,380
  • Sep 13, 2016 8:23am Sep 13, 2016 8:23am
Video update >

Inserted Video


Will post also written explanation about scams on the internet.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
10 traders viewing now