My First month (January) live trading performance: +0.38%.
First of all I would like to say Thanks to Jonathon for providing valuable PA trading lessons here.
I would like to share my trading experience here.
Mistakes : 1) Entered trades emotionally 2) Entered trades when I was not sure about the trade.
Cost of the mistakes : 2% of my a/c.
Resolutions : Need to reduce the trades, Trade A+ set ups only & No more emotions.
Nice! Check out Denise Schull regarding emotions. You really canāt do anything without emotions, so donāt tell yourself to not feel a certain way. A+ setups is all about being sure and feeling that itās right. Not being sure is trying to be creative (aka not following the plan) and trying to get a trade out of the market when there is none.
Thx Psych0F0x
Am curious to get the groupās thoughts on this. Iām still very new to Forex, and have been reading all I can on PA. So far, Iāve been trying to keep my trading as consistent as possible, looking only high time frame charts, 4H and daily. Does everyone look at both of these, or concentrate or one or the other?
Since the beginning of January, Iām up around $780 on a demo account with starting balance of $5000. Thanks for your thoughts.
FF,
May I ask what percentage of your account your risking per trade? Nice Job, hopefully your not exposing your account to an excessive amount of risk.
the pull back is goodā¦the level is goodā¦the candle itself not so bigā¦i will wait till it closes then will decide to trade or not
@Canuck: itās a great question. I set my max risk per trade at $200 loss. I was doing some research and considered a % risk (say around 2%), but went with a straight dollar risk after reading more on Jonathan Foxās page.
My biggest personal challenges are over trading, and also better understanding how long to stay in the trade v. Letting profits run. Iāll be honest, my best trades are when I find PA I like and set it overnight and forget it.
FF,
Nice logical response, I have read the aforementioned article as I am member on his website, all I will say then is great trading, you put my +2% month to shame 
Keep it up!
Justice - does it concern you that the candle body will not be fully contained within the previous candle body?
im not gonna trade it if that happened
[ATTACH=CONFIG]57206
How is the pin bar on GBP/CAD ? nice pull back and two continuous bar has rejected the lows
How do i get a bigger image attached ? I use print screen and attach it here, end up getting a small image
[QUOTE=ālearningpips;597616ā]57206 How is the pin bar on GBP/CAD ? nice pull back and two continuous bar has rejected the lows How do i get a bigger image attached ? I use print screen and attach it here, end up getting a small image[/QUOTE]
I think you need to crop the picture before you save and upload it.
Justise - I took this one (SL at the low of todayās candle, TP at recent highs). I like the rejection of the support level, and the fact that the candle ended up closing within the previous bar. Also, H4 showed a BUEB.
Hey guys:
I generally trade intra-day but am interested investigating longer term trading using daily candles. My questions:
how do you account longer term supt resistance? Do you consult multiple charts?
Are you ever concerned with holding a position during major news events that could produce a sharp gap against your position?
Do you frequently hold positions over the weekend when trading daily candles?
I see many people trading lower volume pairs, how do you account for the massive spreads that frequently occur on these pairs?
Thanks
Yes, always. Both longer and shorter time frames. S/R levels on longer time frames should hold more weight in your analysis though.
I rarely check the news events. I have never been stopped out by a volatile swing during an event.
Yes, unless price is pretty close to my SL or TP. If that is the case, I will manually close my position on Friday afternoon.
If the spread is larger than 5% of my position size I wouldnāt take the trade. But Iāve never seen this on the pairs I trade.
On MT4 demo account occasionally there will be really random spikes. I have seen this with Axi a fair bit and most demo brokers to be honest with you.
Not much to be worried about as I have not seen it with a live MT4 account.
Johnathon
Your not going to keep that wicked win rate that you have going in tact if you trade really eeny weeny pin bars on JPY pairs that come straight after really large commanding engulfing bars. Stick to the obvious ones that protrude from really good areas.
Itās not protruding form all other bars thatās true - and thatās a fundamental Jonathon law - but it formed at important level and it broke, yes in this case itās not reversal trade It doesnāt have to be I can still trade it with the trend which is downtrend - pin bars can be traded with the trend - . It wasnāt sticking out so it was like B- setup thatās why I only ābetā like 20 pips sell TP on it not my whole balance.
I donāt understand. I need some explanation on this. Momentum reversal confirmation dont wait for break of high of the pinbar ???
I know I took a small amount only and it went down. 
Who said the trade or BEEB was not valid? It is a valid BEEB and as for the rest, that then comes down to personal traders choice on whether it fits their trading rule book on what makes a high probability trade. If this fits your personal trading plan, you should have made the trade.
Heya FF,
I will let others answer your question for you, but just wanted to say great work and keep up the consistent trading!
Johnathon
