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The ART of trading by Petar_Serbia

  • #2,401
  • Sep 28, 2016 7:23am Sep 28, 2016 7:23am
Hello everyone,
I want to inform you that my private mentorship program is discounted 50% till end of this month, THe price is now 500 euros for 7 days course. Dont mis this opportunity and join the success. You can contact me via skype.

petar.jacimovic is my username

Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,402
  • Sep 28, 2016 10:06am Sep 28, 2016 10:06am
Quoting Petar_Serbia
{quote} 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. {image}
Closed EUR/USD on breakeven.
"Buy on fear, sell on greed !!!
  • #2,403
  • Sep 28, 2016 11:06am Sep 28, 2016 11:06am
Tomorrow I am paying attetion to high impact events and If i see good opportunity I will trade >

8:35 JPY BOJ Gov Kuroda Speaks

14:30 USD Final GDP q/q 1.3% vs 1.1%USD
Unemployment Claims 260K vs 252K

22:00 USD
Fed Chair Yellen Speaks


I am off for today, wish you good trading >

Petar
"Buy on fear, sell on greed !!!
  • #2,404
  • Sep 29, 2016 7:25am Sep 29, 2016 7:25am
Pending sell stop order on GBP/USD at the price of 1.2975. In case that we see strong reading on Final GDP and Unemployment Claims in 5 minutes. Even if this dont create volatility we got Yellen speach later on. So, this pending order will valid till end of the day.

Decent numbers in US. Now, I am awaiting speaches of MPC Member Forbes and Yellen later today. Pending sell order on GBP/USD still active.

USD
Final GDP q/q
1.4% 1.3% 1.1%USD
Unemployment Claims
254K 260K 251K


Petar
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"Buy on fear, sell on greed !!!
  • #2,405
  • Sep 29, 2016 10:22am Sep 29, 2016 10:22am
Quoting Petar_Serbia
Pending sell stop order on GBP/USD at the price of 1.2975. In case that we see strong reading on Final GDP and Unemployment Claims in 5 minutes. Even if this dont create volatility we got Yellen speach later on. So, this pending order will valid till end of the day. Decent numbers in US. Now, I am awaiting speaches of MPC Member Forbes and Yellen later today. Pending sell order on GBP/USD still active. USD Final GDP q/q 1.4% 1.3% 1.1%USD Unemployment Claims 254K 260K 251K Petar {image}
Pending order filled an I am in. Important points from MPC member Forbes >

22/9/16 19:13 BST // BOE'S FORBES: LATEST DATA POINTS TO UPGRADES IN BOE FORECASTS
- puts less weight on some of the more immediate gloomy indicators from UK
- need to be cautious in reading more positive recent data too
- Assuming recent path of data continues, it points to better BOE growth forecasts
- Prefers to adjust interest rates rather than altering QE

Important points from FOMC member Powell and George
29/9/16 15:31 BST // FED'S POWELL: BELIEVES FED CAN CONTINUE TO BE PATIENT, SAYS US ECONOMY IN IN 'GOOD SHAPE'
29/9/16 13:45 BST // FED'S GEORGE: TODAY'S DATA SHOWS CONTINUED PROGRESS


I am awaiting Yellen speach in few hours but so far I collected informations I needed and the pending order is filled.

Good and positive comments for US economy and now GBP/USD sell got much more sense. I will pay attention on 1.2915 level and secure position at that stage and probably going for target at 1.2860. This is exmaple how to trade fundamentals and position according to technical analysis. This is the job of professional trader. Hard work is needed.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,406
  • Sep 30, 2016 7:53am Sep 30, 2016 7:53am
Quoting Petar_Serbia
{quote} Pending order filled an I am in. Important points from MPC member Forbes > 22/9/16 19:13 BST // BOE'S FORBES: LATEST DATA POINTS TO UPGRADES IN BOE FORECASTS - puts less weight on some of the more immediate gloomy indicators from UK - need to be cautious in reading more positive recent data too - Assuming recent path of data continues, it points to better BOE growth forecasts - Prefers to adjust interest rates rather than altering QE Important points from FOMC member Powell and George 29/9/16 15:31 BST // FED'S POWELL: BELIEVES FED CAN CONTINUE...
Hello traders,
I am still holding short position on GBP/USD based on the collected fundamental informations and techical bearish flag.
Today we got new numbers and nothing rly. special came today, prety much as like expected >

30/9/16 09:30 BST // UK GDP FINAL (Q2) - FEARS OVER PRE-BREXIT DOWNTURN OVERBLOWN AS Q2 GROWTH REVISED HIGHER, ACCORDING TO NATIONAL ACCOUNTS

0.70% - GDP (QoQ) Q2 F: (est 0.60%; prev 0.60%)
2.10% - GDP (YoY) Q2 F: (est 2.20%; prev 2.20%)
-28.7B - Current Account (GBP) Q2: (est -30.6B; prev R -27.0B)
0.40% - Index of Services (MoM) Jul: (est 0.10%; prev 0.20%)
0.60% - Index of Services (3M/3M) Jul: (est 0.30%; prev 0.50%)
1.00% - Total Business Investment (QoQ) Q2 F: (est 0.50%; prev 0.50%)
-0.80% - Total Business Investment (YoY) Q2 F: (est -0.80%; prev -0.80%)

30/9/16 13:30 BST // US PERSONAL INCOME (MOM) AUG: 0.20% (EST 0.20%; PREV 0.40%)

- Personal Spending (MoM) Aug: 0.00% (est 0.10%; rev prev 0.40%)
- Real Personal Spending (MoM) Aug: -0.10% (est 0.00%; prev 0.30%)
- PCE Deflator (MoM) Aug: 0.10% (est 0.20%; prev 0.00%)
- PCE Deflator (YoY) Aug: 1.00% (est 0.90%; prev 0.80%)
- PCE Core (MoM) Aug: 0.20% (est 0.20%; prev 0.10%)
- PCE Core (MoM) Aug: 1.70% (est 1.70%; prev 1.60%)

Even the numbers on GBP data are better then expected as the BOE's Forbes said yesterday "need to be cautious in reading more positive recent data too ".
Brexit is still active and GBP is very weeak fundamental. Investors are in fear and that will be like that for minimum 4-8 months. Most of institututions and hegde fond traders wants to see good progress over long period of time to confirm that there is no real damage in case Brexit.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,407
  • Sep 30, 2016 9:19am Sep 30, 2016 9:19am
I didint opened sell here but want to post it. I found that sellers came in on openning on US pit sesion. The area they started to sell is point of control from Asian sesion. Careful with buying since the price may go lower to test Europe POC at 1.1175.
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"Buy on fear, sell on greed !!!
  • #2,408
  • Oct 2, 2016 7:09pm Oct 2, 2016 7:09pm
Quoting Petar_Serbia
{quote} Pending order filled an I am in. Important points from MPC member Forbes > 22/9/16 19:13 BST // BOE'S FORBES: LATEST DATA POINTS TO UPGRADES IN BOE FORECASTS - puts less weight on some of the more immediate gloomy indicators from UK - need to be cautious in reading more positive recent data too - Assuming recent path of data continues, it points to better BOE growth forecasts - Prefers to adjust interest rates rather than altering QE Important points from FOMC member Powell and George 29/9/16 15:31 BST // FED'S POWELL: BELIEVES FED CAN CONTINUE...
Nice down gap on opening and my short position on GBP/USD looking very good (current plus is 50 pips). Target still set at the price of 1.2740.

Today we got two high impact events to observe >

10:30 CET GBP Manufacturing PMI 52.1 vs 53.3
16:00 CET USD ISM Manufacturing PMI 50.4 vs 49.4 (analysts expecting expansion, which is good sign for potential USD strength)

Be careful trading on the high impact news and around the the impact news.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,409
  • Oct 3, 2016 6:09am Oct 3, 2016 6:09am
Quoting Petar_Serbia
{quote} Nice down gap on opening and my short position on GBP/USD looking very good (current plus is 50 pips). Target still set at the price of 1.2740. Today we got two high impact events to observe > 10:30 CET GBP Manufacturing PMI 52.1 vs 53.3 16:00 CET USD ISM Manufacturing PMI 50.4 vs 49.4 (analysts expecting expansion, which is good sign for potential USD strength) Be careful trading on the high impact news and around the the impact news. Best Regards, Petar {image}
Hello traders,
As I expected, the Fibonacci expansion 100% at the price of 1.2850 provided support but I am still holding position with target at 1.2740. Now, I did put stop loss on breakeven. For successful trading you need to undestand fundamentals and you need technical reason for entry together with fundamentals.

Today we got Manufacturing in GB >
3/10/16 09:30 BST // UK MARKIT/CIPS MANUFACTURING PMI SEP: 55.4 (EST 52.1; REV PREV 53.4)\
Good reading here but due to brexit and already technical broken flag and distribution on place, this event didint have larger impact on british pound.

Interesting sentece today from Hanmond >
3/10/16 11:57 BST // UK FINMIN HAMMOND: DEFICIT UNSUSTAINABLE, BREXIT ADDS UNCERTAINTY - @DEITAONE

Awaiting potential expansion today on ISM Manufacturing PMI, which can boost more USD. This event is sheaduled at 16:00 CET

Petar
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"Buy on fear, sell on greed !!!
  • #2,410
  • Oct 3, 2016 9:06am Oct 3, 2016 9:06am
Video update :

Inserted Video


Today ISM >
3/10/16 15:00 BST // ISM MANUFACTURING PMI SEP: 51.5 (EST 50.3; PREV 49.4)

- ISM Manufacturing Prices Paid Index Sep: 53.0 (est 53.5; prev 53)
- ISM Manufacturing New Orders Index Sep: 55.1 (prev 49.1)
- ISM Manufacturing Employment Index Sep: 49.7 (est 49.0; prev 48.3)

This is good reading for USD and my GBP/USD position looks very good at this point >

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #2,411
  • Oct 3, 2016 10:35am Oct 3, 2016 10:35am
Quoting Petar_Serbia
...Interesting sentece today from Hanmond > 3/10/16 11:57 BST // UK FINMIN HAMMOND: DEFICIT UNSUSTAINABLE, BREXIT ADDS UNCERTAINTY - ...
I remember 2010-2011 when crisis in Greece started : As soon as Merkel open mouth market responded with moving EURUSD up or down...1 hour or so later
Jean-Claude Juncker open his mouth and market was moving EURUSD exactly opposite to previous move (Merkel's statement, whatever). That was trading based on fundamental.

Now days same pattern with different speakers will be related to Great Britain...
  • #2,412
  • Oct 3, 2016 1:38pm Oct 3, 2016 1:38pm
Quoting ruma29
{quote} I remember 2010-2011 when crisis in Greece started : As soon as Merkel open mouth market responded with moving EURUSD up or down...1 hour or so later Jean-Claude Juncker open his mouth and market was moving EURUSD exactly opposite to previous move (Merkel's statement, whatever). That was trading based on fundamental. Now days same pattern with different speakers will be related to Great Britain...
Yes, good point there ruma. That is similar with Brexit and thats why I wait short term distributions together with fundamental flow day by day. Again, the job of professional trader is to colect informations, read the background, analyze new informations and read the market sentiment. Technical analysis is also important because we want to benefit from our fundamental view and there is technical analysis place.
"Buy on fear, sell on greed !!!
  • #2,413
  • Oct 3, 2016 1:48pm Oct 3, 2016 1:48pm
Towards the high impact events in NZ >

I placed pending order buy stop on EUR/NZD at the price of 1.5515 SL at 1.5390 and take profit at 1.5825. In my opinion EUR/NZD started the recovery phase. I found price above 21SMA and 50SMA. Also, there is broken supply trendline in the background and potential re-accumulation (flat base) on the lower frames.

We got 2 important events for NZ tomorrow which can create liqudity for NZD >

3:30 CET NZD RBNZ Gov Wheeler Speaks

Tentative NZD GDT Price Index

Pending order will be valid only for tomorrow.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,414
  • Oct 4, 2016 5:14am Oct 4, 2016 5:14am
Quoting Petar_Serbia
{quote} Hello traders, As I expected, the Fibonacci expansion 100% at the price of 1.2850 provided support but I am still holding position with target at 1.2740. Now, I did put stop loss on breakeven. For successful trading you need to undestand fundamentals and you need technical reason for entry together with fundamentals. Today we got Manufacturing in GB > 3/10/16 09:30 BST // UK MARKIT/CIPS MANUFACTURING PMI SEP: 55.4 (EST 52.1; REV PREV 53.4)\ Good reading here but due to brexit and already technical broken flag and distribution on place, this...

Hello traders,
GBP/USD met my target at the price of 1.2740 and I took 3 % on the account or 240 pips. Again, this is clean example how the professional setup looks like. Watching fundamentals, collecting new informations, reading the market sentiment and wait for right moment using the technical analysis to trigger position. In the case of GBP/USD that was the bearish flag (re-distribution). Dont dream about success using fancy indicators or robots. There is no success without hard work and a lot of practice. If you want to start my mentorship program, my advice is to join my success nad become successful trader. Now the price for mentorship program is discaounted 50% and you can start program for 500 euros.

Best Regards.
Petar
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"Buy on fear, sell on greed !!!
  • #2,415
  • Oct 4, 2016 1:03pm Oct 4, 2016 1:03pm
Quoting Petar_Serbia
Towards the high impact events in NZ > I placed pending order buy stop on EUR/NZD at the price of 1.5515 SL at 1.5390 and take profit at 1.5825. In my opinion EUR/NZD started the recovery phase. I found price above 21SMA and 50SMA. Also, there is broken supply trendline in the background and potential re-accumulation (flat base) on the lower frames. We got 2 important events for NZ tomorrow which can create liqudity for NZD > 3:30 CET NZD RBNZ Gov Wheeler Speaks Tentative NZD GDT Price Index Pending order will be valid only for tomorrow. Best Regards,...
Hello traders,
My pending buy stop order on the EUR/NZD got filled. Bought at the price of 1.5515 with target at 1.5825. As I wrote yesterday, I found potential short - term re-accumualtion and today we got important news for NZD.

Lets start first with GTD price Index >

4/10/16 15:03 BST // NZ CHANGE IN GDT PRICE INDEX: -3.00% (PREV 1.70%)

- Dairy Auction Avg. Winning Price (MT): $2,880 (prev $2,975)
- Change in Whole Milk Powder: -3.80% (prev -0.20%)
- Dairy Auction Whole Milk Powder (MT): $2,681 (prev $2,785)

Very bad numbers that and this is weakness for NZD. This event helped accumulation.
Next important event today was >

4/10/16 16:41 BST // ECB QE TAPERING SCENARIOS SAID TO INCLUDE SLOWING BY EU10B/MTH - VIA @DEITABLOOMBERG
This represetnig more space for higher EUR against other majors.

Lets see how this setup will play.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,416
  • Oct 5, 2016 6:11am Oct 5, 2016 6:11am
Quoting Petar_Serbia
{quote} Hello traders, My pending buy stop order on the EUR/NZD got filled. Bought at the price of 1.5515 with target at 1.5825. As I wrote yesterday, I found potential short - term re-accumualtion and today we got important news for NZD. Lets start first with GTD price Index > 4/10/16 15:03 BST // NZ CHANGE IN GDT PRICE INDEX: -3.00% (PREV 1.70%) - Dairy Auction Avg. Winning Price (MT): $2,880 (prev $2,975) - Change in Whole Milk Powder: -3.80% (prev -0.20%) - Dairy Auction Whole Milk Powder (MT): $2,681 (prev $2,785) Very bad numbers that and...
Good progress so far and +100 pips on EUR/NZD. My plan again working very well. I secured position on BE and now I am awaiting target at 1.5825. Combination of fundamental reasons and reading the market sentiment together with technical entry and good timing is what you looking for. Also, you must have set of rules for trading and control your risk.

Be careful when you trading today cause of strong risk events >

14:15 CET USD ADP Non-Farm Employment Change 166K vs 177K

14:30 CET CAD Trade Balance -2.5B vs -2.5B

16:00 CET USD ISM Non-Manufacturing PMI 53.151.4

16:30 CET USD Crude Oil Inventories 1.1M vs -1.9M

I dont have any pending order for today events.

Best Regards,
Petar
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"Buy on fear, sell on greed !!!
  • #2,417
  • Oct 5, 2016 7:35am Oct 5, 2016 7:35am
EUR/USD Building weakness and potential topping. Careful with longs, this may go down. I dont trade this just my opinion and warning for buyers. Again, be careful trading today because of large risk events I mentoned earlier.
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"Buy on fear, sell on greed !!!
  • #2,418
  • Oct 5, 2016 8:40am Oct 5, 2016 8:40am
WIll be interesting to watch EUR/USD. Future contracts EUR/USD also big climax there from yesterday >
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"Buy on fear, sell on greed !!!
  • #2,419
  • Oct 6, 2016 6:04am Oct 6, 2016 6:04am
Quoting Petar_Serbia
EUR/USD Building weakness and potential topping. Careful with longs, this may go down. I dont trade this just my opinion and warning for buyers. Again, be careful trading today because of large risk events I mentoned earlier. {image}
Seems like EUR/USD doing extacly like I planed yesterday. Topping formation clearly on EUR/USD. First downward objective point at the price of 1.1175 has been met. This level will be important. Breakout of this level will confirm lower price and potential test of 1.1140. Due to climax in the background and topping formation in the background, we may expect stil lower price.

Petar
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"Buy on fear, sell on greed !!!
  • #2,420
  • Oct 6, 2016 11:08am Oct 6, 2016 11:08am
Quoting Petar_Serbia
{quote} Seems like EUR/USD doing extacly like I planed yesterday. Topping formation clearly on EUR/USD. First downward objective point at the price of 1.1175 has been met. This level will be important. Breakout of this level will confirm lower price and potential test of 1.1140. Due to climax in the background and topping formation in the background, we may expect stil lower price. Petar {image} {image}
Very good progress and well read weakness yesterday
Video coming soon ...
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"Buy on fear, sell on greed !!!
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