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The ART of trading by Petar_Serbia

  • #2,381
  • Sep 13, 2016 10:40am Sep 13, 2016 10:40am
Closed GBP/USD at 1.3171 and took 200 pips risking 45 pips Nice winner and very well planned setup. USD/JPY is still active buy position from 101.72 with target at 103.30.

If you want to learn my method and how to read fundamentals and benefit using technical analysis, you can add me on skype and we can speak about potential cooperation. Skype username is petar.jacimovic

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png200pips.png Size: 96 KB
"Buy on fear, sell on greed !!!
  • #2,382
  • Sep 14, 2016 6:07am Sep 14, 2016 6:07am
Quoting Petar_Serbia
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 {image} {image}
Hello traders,
Target met on USD/JPY at 103.30. Another nice winner and +155 pips risking 40. The price respected POC and it was a well-planned trade. Now, I don't have any position and will watch news tomorrow.

This week I took on GBP/USD 200 pips and on USD/JPY +155 pips which is total of 355 pips or +5% on account with original 1% risk on setup.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,383
  • Sep 15, 2016 8:41am Sep 15, 2016 8:41am
Hello traders,
Since I finished trading for this week I just watched news and reactions today and wanted to share 2 charts with you. After I managed to take 200 pips on GBP/USD yesterday, this currency pair found balance area (point of control) at 1.3190. I don't expect this week much from GBP/USD. From the other side there is POC at 1.3270. Most of smart investors exited their selling positions and they wait next week for new opportunities and FED Funds rate . We got interest rate decision in GB unchanged at 0.25% with potential hint that we may see further cut rate this year. Retails sales today came out -0.2% vs -0.4% but according to previous 1.9% this is bad. This currency pair is neutral to bearish.

USD/JPY doing good respecting POC levels. Strong rejection (after the US news) from POC at 101.90. I don't have any position but we may see re-test of 103.30 or 103.80.

Wish you good trading,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM30.png15.png Size: 88 KB
Click to Enlarge Name: GBPUSDM30.png15.png Size: 71 KB
"Buy on fear, sell on greed !!!
  • #2,384
  • Edited 1:29pm Sep 16, 2016 12:40pm | Edited 1:29pm
It looks like market makers (MM) ignored fundamental data today ( Michigan, bad news)...No impact on USD at all...They decided what to do regardless of data.
----
2pmEST USD still going up like crazy...no news, market probably motivated by coming events next week...etc.
  • #2,385
  • Sep 16, 2016 1:36pm Sep 16, 2016 1:36pm
Quoting ruma29
It looks like market makers ignored fundamental data today ( Michigan)...No impact on USD at all...They decided what to do regardless of data.
Ignored fundamental ? Today we got CPI m/m 0.2% vs 0.1% prev. 0.0% and USD Core CPI m/m 0.3% vs 0.2% prev 0.1%. Pretty good readings and that just boosted USD.
Attached Image(s) (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,386
  • Sep 16, 2016 1:56pm Sep 16, 2016 1:56pm
Quoting Petar_Serbia
{quote} Ignored fundamental ? Today we got CPI m/m 0.2% vs 0.1% prev. 0.0% and USD Core CPI m/m 0.3% vs 0.2% prev 0.1%. Pretty good readings and that just boosted USD. {image} {image}
Right. I was talking about this one:

10:00amUSD
Prelim UoM Consumer Sentiment
89.8 91.0 89.8

USA is consumer oriented and income depends on consumer spending...Many times in past market rally or drop on this data...this time they ignored it...because it did not fit in their plan for upcoming events next week...
  • #2,387
  • Sep 16, 2016 2:09pm Sep 16, 2016 2:09pm
Quoting ruma29
{quote} Right. I was talking about this one: 10:00amUSD Prelim UoM Consumer Sentiment 89.8 91.0 89.8 USA is consumer oriented and income depends on consumer spending...Many times in past market rally or drop on this data...this time they ignored it...because it did not fit in their plan for upcoming events next week...
Ruma, you need to learn basics and then advanced about fundamental readings. My advice is to start my mentorship program where I can teach you how to read fundamentals, collect new information's and create market sentiment and then position using technical. First of all, CPI is one of the most watched economic indicators .
The CPI, also known as the cost of living index, measures the cost of eight specific consumer expenditure groups. This information is then used to determine whether the inflation rate is rising or falling. Good readings just before Federal fund rate decision is very good for potential rate hike and news traders sold. This was the key economic event today.

Prelim UoM Consumer Sentiment is much less important then CPI and it came out same like previous and missed a little of expectation. I won't speak even that is just prelim and not revised version.
"Buy on fear, sell on greed !!!
  • #2,388
  • Edited 6:46am Sep 17, 2016 6:32am | Edited 6:46am
Petar , I gave up on commenting fundamentals relative to trading.
Have a nice day.
  • #2,389
  • Sep 19, 2016 6:12am Sep 19, 2016 6:12am
Quoting ruma29
Petar , I gave up on commenting fundamentals relative to trading. Have a nice day.
Hello Ruma,
Never give up, because the path of successful trading is not eaasy but once you achieve then you will enjoy for rest of your life trading and earning money. Fundamental analysis takes time to learn but its all about your will to learn.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,390
  • Sep 22, 2016 7:34am Sep 22, 2016 7:34am
Hello traders,
Sorry that I didnt post this week cause i was very busy with my own trading and projects. After the FED fund rate decision and BOJ meeting, I found room for interesting setups. USD/JPY is interesting today. Yesterday I found 2 POC levels. Asia + Europe ses. POC at 101.65 and US ses. POC at the price of 100.70. Today on Europe sesion I found strength and broken US poc from yestrday. I am expecting at least testing of key POC level at 101.65 and depend of the price action maybe even higher.
Yesterday FED fund rate came as like expected, so USD is still strong in my opinion. The news traders did their job yesterday and now smart money acting.

Got small buying position on USD/JPY >
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"Buy on fear, sell on greed !!!
  • #2,391
  • Sep 22, 2016 10:14am Sep 22, 2016 10:14am
Video analysis only for you

Inserted Video
"Buy on fear, sell on greed !!!
  • #2,392
  • Sep 23, 2016 8:18am Sep 23, 2016 8:18am
Hello traders,
Very nice selling on Asia ses. on GBP/USD. Smart money sold cause weakness in the background after FED fund rate decision. This is clean example of professional position.

Still holding long on USD/JPY from yesterday. TP near 101.60.

Best Regards,
Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15nice.png Size: 68 KB
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"Buy on fear, sell on greed !!!
  • #2,393
  • Sep 24, 2016 6:11am Sep 24, 2016 6:11am
Hello traders,
I am posting you my InstaTV linkup. Everything going as like I predicted. Feel free to commenf if you like video

Inserted Video


Have a good weekend ,
Petar
"Buy on fear, sell on greed !!!
  • #2,394
  • Sep 26, 2016 6:03am Sep 26, 2016 6:03am
Hello dear traders,
After the Kuroda speach today and meeting last weeek. I found that that The Bank of Japan basically didn’t announce additional easing last week, and the initial reaction was a strengthening of the yen. Today, I found strong selling tail from Europe ses., which is sign that we may see lower price. I sold EUR/JPY at the price of 112.94 and my target is at 112.35. Risk is about 20 pips.


I found strong rejection from POC in the background.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,395
  • Sep 26, 2016 8:40am Sep 26, 2016 8:40am
Quoting Petar_Serbia
Hello dear traders, After the Kuroda speach today and meeting last weeek. I found that that The Bank of Japan basically didnt announce additional easing last week, and the initial reaction was a strengthening of the yen. Today, I found strong selling tail from Europe ses., which is sign that we may see lower price. I sold EUR/JPY at the price of 112.94 and my target is at 112.35. Risk is about 20 pips. I found strong rejection from POC in the background. {image}
Still holding short position from 112.94 and added new sell at 113.12 >

TP same at 112.30

Petar
"Buy on fear, sell on greed !!!
  • #2,396
  • Sep 27, 2016 8:15am Sep 27, 2016 8:15am
Interesting profile on the EUR/USD.I found selling tail on Europe ses. and also strong supply on US ses. I am bearish today on EUR/USD from 1.1218.

Inserted Video


Petar
"Buy on fear, sell on greed !!!
  • #2,397
  • Sep 27, 2016 9:10am Sep 27, 2016 9:10am
Still short on EUR/USD
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #2,398
  • Sep 27, 2016 6:44pm Sep 27, 2016 6:44pm
Quoting Petar_Serbia
Still short on EUR/USD {image}
Closed on breakeven this setup. Waiting tomorrow for new opportunitities.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,399
  • Sep 28, 2016 6:50am Sep 28, 2016 6:50am
Hello traders,
I found today opportunity on EUR/JPY. I am bearish from 112.90. I found strong POC zone at 113.00 also round number. Once I saw that sellers came in i jumped into sell position. TP level is around 112.30.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM3028.png Size: 93 KB
"Buy on fear, sell on greed !!!
  • #2,400
  • Sep 28, 2016 7:10am Sep 28, 2016 7:10am
Quoting Petar_Serbia
Hello traders, I found today opportunity on EUR/JPY. I am bearish from 112.90. I found strong POC zone at 113.00 also round number. Once I saw that sellers came in i jumped into sell position. TP level is around 112.30. {image}
I transfered from EUR/JPY selling into EUR/USD buying since there is a very good buying opportunity on EUR/USD for 30-50 pips.
I plan to be in this position 2-4 hours since the setup is based on M5.


In this example I used Ichimoku on M5 and broken bullish flag.
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
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