Its on page 6 of this thread with explanation… cheers
Not really a suitable pin, is it?!
Hello friends 
I spot a two potencial positions to open next week,but Im not quite sure. I’ll be very thankful if you leave some comments (Especially Johnaton).Thanks preliminary
First is EurUsd
1)On the Daily chart we have nice support around 1.3000 level.
2)On 4h chart we have Pinbar BUT…
I see on 4h intraday downtrend with FRA on 1.3280.Is this good opportunity or no?
The other is CadJpy
1)Same nice support here
2)I’m not sure is that downtrend on 4h chart.
3)We have clearly resistance on 92.10
For that position I think I must have wait to close daily bar over the resistance and open a position.
What is your opinion?
People are taking trades against the trend due to impatience. People want to be in the market all the time.
One of the great pieces of advice on here is ‘don’t over trade’. Not my words, someone far more experienced.
GLA RMc
youve come through again for me frankie cheers mate.
Good Morning,
I don't think trading against the trend is the problem. The trend can change at any given moment. Which is why I trade using the 1m chart. The trend for all EUR pairs was still "UP" when the price was 1.36xx Look how many are now stuck that high. Look at how many attempts we've had to retest that high. Only for it never reach that price. That means those of us who believe that trading with the trend is a good idea. Are now stuck in a huge loss.You trade price action on the 1m chart?
Sure do. Here are my trades which prove it. Basically the same formations that swing traders use on high time frames. Are the same formations I use to enter a sell/buy order on the 1m chart. Head and shoulders, pin bars, accumulation breakouts, etc. If you look at my biggest winning position of the week. You can actually see I took a loss on a buy, then martingale it 3x in the opposite direction, and caught a very nice spike downward. While using 1m + price action you have to know how to use pending orders. You also have to cut your losses 1m after you enter. If not you’ll end up -10 pips in the hole within 5 mins.
ScalpForProfit System | Myfxbook
Your drawdown is huge bro. Seems like you are risking big percentages on single trades. Isn’t this way of trading stressful to you? Whats your plan for 2013, how much roi would you like to ach!eve this year?
Honestly it is stressful for me at all. Only, because I’m confident in the positions which I take. As for the draw down. My draw down is very high yes. Yet, the most important draw down number is the which is 99.99% Also draw down is an over-used stat. Do you know why? Only because if a person has an open position the drawdown is never calculated. Draw down is calculated on losing position.
Also if you have the ability to gain decent profit daily. You should make withdrawals. Draw down doesn’t calculate the losing position compared to your originial deposit amount. Example. If I deposit 1k and turn it to 10k. If I withdraw 9.5k should I make a bad trade with the 500 usd. My drawdown will be 99.99% if I blow the account. Yet my profit was over 900%.
As for my goals for this year. It would be to make profit weekly and withdraw every 2 weeks. As if I was my own boss and paid myself for my services. I’ve traded forex for awhile. My understanding of the market is big enough to know that we should never invest in this exchange. One has the ability to use low leverage and earn 50% daily. My trades proof that. Especially over the last 5 trading days.
I will sub your fxbook to check on your account from time to time. Best of luck buddy.
Thanks for the support. If I’m about to get to 600% I’ll be sure to share with everyone here.
hey forbiden,
Im a bit confused?? Are you looking to trade the daily or the 4hr…looking between the two time frames will confuse you because they sometimes show conflicting things…On the Eur/Usd im personally looking for shorts at/around the 1.300 level…if i were going to trade the 4 hr i personally will be looking for shorts at the same level marked on the daily…
Sorry for this basic question,which I tried to bring up on one of Johnathons feed (but it wouldent come up) but when we say a pinbar must open and close within the previous bar,are we including the wick of the previous bar as well?thanks for your indulgence guys.
Thanks Filipl
What a gap on eur/jpy.
There are gaps everywhere! I’m passing for today as I don’t understand them at all.
Well here is the thing on gaps. Typically they happen when news is released during the weekend? Or after a major shift in price on fridays. Many traders were short on all EUR pairs, because of the selling pressure we saw last week. Of course shorting would of been the logical position. Yet, the reality is the market will move in a direction which tends to go against sentiment. So a gap up of 171 pips not only went against market sentiment. Yet it also stopped out many of the shorters.
Also because the market opens at 5pm est time. That gap up won’t play into the daily pivots which will be calculated in 30 mins for asia/london/ US market 
I for one was thinking about going long but it is to much of a gamble. Trading today will be normal. Don’t be afraid of the gap.
Hello johnathon) I followed the instructions you gave on your website regarding the change of time frames in MT4.I managed to get D2 charts on my mt4 platform but they appeared as offline charts and price is not moving on them as it,s moving on the other live charts.Don,t you think such charts are useless and we can,t use them for our trading?
Thanks.
Tahir.