Hi fjanos,
No matter how A+ a PA is, we can never be 100% sure it will turn out a winner. All we can do is to have the odds stacked to our favour.
And also, trade management plays a big part as well. There are people who spotted the same GBPCAD PB, entered at the same level, but managed it differently and turned out a winner.
Iām sorry for your loss fjanos. I totally understand what you feel, this month has been a tough month for me too. Both trading and family life.
Just my humble opinion, this is how I see your trades.
EURAUD. That level the pin formed I would consider an FTA and not a swing point. Swing high & low for me would be the green level.
EURCAD H4. If you zoom out a bit I think you would be able to see this key S/R. Price did reach this level before it bounced off.
GBPCAD. This was the levels Johno showed us in the memberās forum and his level really puts everything into perspective for me. As you can see, there is a clear consolidation box. Once price broke the low of the pin, it went right to the low of the box which was to be expected. Once it gets there, thereās no telling where it will go next.
Hi fjanos what i have learned through the years of doing this , is you need to be light on your feet when it comes to trading. As you pointed out , there were other traders that took the same trade using PA and they were winners.I am sure you are going to fine the right balance for you .
Iām very new to PA trading and have been reading this thread and trying to absorb it for the past week. Thank you for posting such detailed graphs and including your entry, TP & SL. Even the losses you posted in your previous post are good because they do show great setupsā¦so thanks again and happy, steady, trading!
Hey fjanos! I think I may be able to shed some light here.
Letās see these 3 trades that ruined everything.
Number 1 EUR/AUD daily
Pin was formed at the right place and was protruding. besides it was a good setup.
and it turned out a big loss.
This is a good looking pin at a nice level! If this was in a bear market, this would be a nice trade. Unfortunately, it is in a ranging market, therefore you cannot really tell in which direction price will go until it breaks and confirms with a price flip/retest. In my opinion, the best way to trade ranges are with tops and bottoms, if you really desire to trade ranges. Be cautious about trading mid range a.k.a āNo manās landā.
Number 2 EUR/CAD 4H
Nice 2bar reversal at resistance line with a good setup. and it turned out a big loss.
I would not say this is a valid 2 bar reversal because it did not form the swing high, but formed after the swing high was established. Johnathon says:
āThe very best 2 Bar Reversals can be found when a strong trend is in play and a pullback occurs to a logical pullback areaā
Number 3 GBP/CAD
Nice pin bar protruding. It was counter trend but It couldāve gone into ranging and with the sell order form the pin bar we couldāve had good profit or at least some pips.- weāve seen many, many examples like that. Thatās why I took it. It turned out a big loss.
Now this one is a bit tricky. This is a perfect pin at a nice level. It really could have gone either way, BUT, as you pointed out, it was a counter-trend trade. It even printed 2 BUEBS on the way up (I actually entered Long on the first BUEB).
My suggestion to you would be to focus on entering with the trend rather than trying to trade ranges or counter-trend trading until you are consistently profitable. Then, you will find that you understand how the price signals work much better and it will be much easier to transition to other methods, if you even want to at that point 
Safe trading,
Joey
Thank you for your comment Panupat. It helps me a lot. Iām sorry for your tough times in your family lifeā¦ Well my family thinks Iām gambling which is for them equals trading FOREX, so I still have a hard time explaining them the truth.
To learn from our mistakes and losses, I have a few questions.
EURAUD. That level the pin formed I would consider an FTA and not a swing point. Swing high & low for me would be the green level.
Iām just sincere with you. When you say that the area that I traded with the pin is an FTA. What did you mean exactly? Does FTA mean to get out of the trade or it is the level we shouldnāt trade in? I still have trouble understanding the role of the FTA in Jonathonās PA strategy.
EURCAD H4. If you zoom out a bit I think you would be able to see this key S/R. Price did reach this level before it bounced off.
When price touches lightly these levels (touches with the tail of the candle) These are like warning signs and we have to be aware of those. Itās like the price would say I donāt have the intention to go there Iām just passing by. Right?
GBPCAD. This was the levels Johno showed us in the memberās forum and his level really puts everything into perspective for me. As you can see, there is a clear consolidation box. Once price broke the low of the pin, it went right to the low of the box which was to be expected. Once it gets there, thereās no telling where it will go next.
I guess when price gets into a consolidation box thatās an important warning sign.
Youāre welcome fjanos.
I mean for this pair I would look for PA at the green line, not the red line. Red line would be my FTA when I enter trades from green.
I think it depends on the trend. This pair looks like is in quite a strong side way move, so moving to BE at least would be a good move.
This is a good looking pin at a nice level! If this was in a bear market, this would be a nice trade. Unfortunately, it is in a ranging market, therefore you cannot really tell in which direction price will go until it breaks and confirms with a price flip/retest. In my opinion, the best way to trade ranges are with tops and bottoms, if you [I]really[/I] desire to trade ranges. Be cautious about trading mid range a.k.a āNo manās landā.
I didnāt consider it no manās land because the level was a BRN 1.53000.
Yes youāre right If you look at it from a bigger view the price was ranging but if you look at it as short term daily it was a nice downtrend.
I would not say this is a valid 2 bar reversal because it did not form the swing high, but formed [I]after[/I] the swing high was established. Johnathon says:
āThe very best 2 Bar Reversals can be found when a strong trend is in play and a pullback occurs to a logical pullback areaā
āI would not say this is a valid 2 bar reversal because it did not form the swing high, but formed [I]after[/I] the swing high was establishedā What do you mean? Please elaborate on this one. There was the pinbar on daily TF too, which for me confirmed that the price would go down.
Now this one is a bit tricky. This is a perfect pin at a nice level. It really could have gone either way, [B]BUT[/B], as you pointed out, it was a counter-trend trade. It even printed [B]2 BUEBS[/B] on the way up (I actually entered Long on the first BUEB).
So these are the warning signs - see previous candles - we should look for before entering a trade. Thank you for the tip.
My suggestion to you would be to focus on entering with the trend rather than trying to trade ranges or counter-trend trading until you are consistently profitable. Then, you will find that you understand how the price signals work much better and it will be much easier to transition to other methods, if you even want to at that point
I donāt deliberately look for counter-trend trades. I just look for the recent momentum on daily TF, and when PA kicks in Iām in. We had a big discussion in previous posts whether one how much should zoom out to see the big picture I mean to avoid counter trend trading. They said one should see the recent trend momentum. for example If I see an downtrend on Daily and gives me a good PA but than I zoom out and it turns out to be a counter trend than one should take it anyway if the sings are strong. This topic is still debatable on this thread.
THANK YOU FOR YOU COMMENT
Hi
a question , what are the trading hours on Friday ? I mean ,when we shouldnāt trade anymore ?
Hi abc2005 many traders donāt trade on Friday but for those that do, i would say 10 am NY time.
Hi
This month was no good for me too .
Last month was perfect .
anyway , this is my idea and how I managed gbp/cad .
about euraud. I think you trade in the middle of the range and as mr jon said ,we donāt trade in the middle of the ranges. we trade from extreme highs and lows . although if it was at high , I wouldnāt took it because there was lots of traffic and box ahead and a very very close FTA area . it would be a no no no trade for me .
gpd/cad . the problem of this position was a very very uptrend against us , I put my first tp on 1.8400 . I know the RR is not good but I really afraid of this level because of this giant uptrend and after tp1, st2 to be .
I hope we can learn from each other perfectly
Good Luck
To my previous post i meant traders would be closing positions by 10 am NY time.
this is not what I meant , when donāt we trade anymore on fridays ?
Some do trade on Friday and carry over to next week for daily. But be aware of trading like entering the last 2 sessions of intraday H4, since most traders are closing their positions and makes the signal erratic.I understand it this way.
Hi abc,
We Generally donāt consider setups that form on the second half of Friday. For instance, the first 8h candle and the first three 4h candles are acceptable to trade. After that you are risking to tradie setups that have been formed under unfavourable resons,rather than value of price.
'Best
Hey, guys, what do you think about this one? I am waiting the start of the new week to see if this is going somewhere.
Hey Tienji,
High quality setup there!
What is your analysis in terms of market structure and how are you going to play it?
,'Best
abc2005 I think i know what you meanā¦ I stop trading on Friday Three hours before the market closes for the week. Most times the spreads gets very high after that.
Kasravi, Iāve been trading and learning to trade for the past 3 years, a month or so ago I found this thread and I read everything mentioned here! My analysis is solely based on the strategy discussed here - the blue zones are, in my opinion, strong support and resistance zones, the nzd usd pair is in a longterm range so Monday I will place a pending order below the pin bar with a SLoss a little above it and targets all the way to the support zone - 1 there and 1 on the halfway. The only thing concerning me is some news about the NZD that are supposed to be good for the currency, but after all, if the PA doesnāt trigger, I will do nothing. I am also observing the EUR USD as it is in the same position near a resistance. I think the next week is to be carefully watched for entries! Of course, if these levels are penetrated I would wait for a pullback and PA to go in the other direction. 
