Forex Scalping ... It's more than small pip profits.
Logical Forex is a powerful forex scalping strategy
because you trade with the flow of the market, and trade
when Big Money Traders are at a Decision Point.
You can see these things on your Logical Forex-based charting software
in an instant, without having to manually draw lines or markers.
You look for certain Forex Scalping Patterns that
regularly occur in the preferred currency pairs (EUR/USD and EUR/JPY),
but you can also use Logical Forex Scalping with
any trading instrument, including currency futures,
commodity futures, ETFs, stocks and bonds
(anything with a datafeed).
Here, let me show you how simple forex scalping is with Logical Forex...
After you start playing Video, click the
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Logical Forex Scalping Example
Let's look at a real forex trade using Logical Forex.
There are only 3 things you must observe,
1 optional item that is very helpful, and
then all that's left for you to do is enter and exit
your trade...
Logical Forex Scalping Chart Example
The Steps for Logical Forex Trading...
Activity Lines... Is the Market Active?
Flow Lines... Is Price Flowing?
Magnet Lines... Are we at a Decision Point?
WatchDog... Is there a Confirming Indicator Signal?
Enter Trade... Go!
Exit Trade... In-and-Out Quickly, Go with the Flow!
Logical Forex Activity Lines
Activity Lines show you, at a glance, when the
market is active, or if there has been little trading activity.
You only want to be trading when the market is active and
has liquidity. Otherwise, stay out. The Logical Forex Activity Lines
make it very obvious and easy for you to identify a
ready-to-trade market.
You want the gray vertical lines to be "wide apart".
This way, you can get an idea about the liquidity of
the market, and how actively the currency pair is being traded.
Our best times to trade are every market session open and close,
but there are good trades throughout the entire day (and night)
in whatever part of the world you live.
Logical Forex Flow Lines
Flow Lines represent the current flow of price in
the currency pair. Yes, I know, when you first look at them,
you may be thinking these are "moving averages of some kind".
Well, you would only partially be correct. There is a bit more
to Logical Forex Flow Lines.
Where most "systems" tend to look at price
based on time, Logical Forex looks at price
based on how it is moving Right Now. This gives you
an enormous advantage.
What others are saying...
Said in Support Ticket 4AWAxxxx
Want to see another one? Yes!
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If you are trading from a chart that is 1 hour, or 5 minutes,
or even 1 minute, you are completely oblivious to what
is actually happening in the market. You simply cannot
see the FLOW of the market, especially with candle charts.
All you can see with a time-based
chart is... "what time it is" and "what price did
during that particular time snapshot". Not good.
Well, not good for you... but great for the Big Money Traders
who are perched and ready to take your money. (And, don't
be fooled... Tick Charts are not going to give you the
same perspective as Logical Forex, especially when scalping forex.)
Really consider what I'm telling you. This isn't some deep theory
or cryptic thing. If you are trading based on time and trends
instead of trading based on flow and decision points,
you are in a losing position to begin with.
We cover how important seeing the market in a Flow is
to your trading, and explain how when you are looking
for a "trend", it's just not the same thing.
With the Logical Forex Flow Lines, you see actually what is
happening at that moment with your currency pair.
Compare this to something like you normally see with candlestick charts.
They have their place. For me, it's in a retirement home... but yet,
some methods work okay with candles. But with Logical Forex,
you're not trying to determine if you should trade on
the next open or close of a candle, where price is "inside"
that candle, waiting on the clock to tick 15-minutes past the
hour so you get some signal (price does not care what time it is!)...
or looking for some oddly-named candle pattern, debating whether you need to
trade if price "breaks out" of some line (and if so,
are you supposed to wait for the next close, or what?) This is
terribly confusing. Do it a better way. Keep reading.
You want the Logical Forex Flow Lines to be somewhat
"spread apart", all heading the same direction,
and ideally all the same color. (You also want price to
be interacting with a Logical Forex Magnet Lines. More on
that in just a moment.) And, when the market is changing
direction and price is somewhere near a Magnet Line at the same time,
you're really identifying an excellent opportunity!
This is important...
When you are looking at the Real Flow of The Currency Pair,
then you are already ahead of the other traders, and you are
basically interpreting the market with the same view and
perspective as the Professional Traders do.
So now, what's left is... you need to see what the Big Money Traders
are doing, and how they are positioning themselves to take advantage
of uninformed traders... and with Logical Forex, you
can know where they are making those decisions with...
Logical Forex Magnet Lines
The Logical Forex Magnet Lines expose what the Big Money Traders
are doing, and where they are "setting their traps"
and where they are likely to take the market...
at their "Decision Points" in the market.
Is it better to trade with or against the Big Money Traders,
the banks and such, who have all the money and
who can "move the market at-will"? Is it better
to let them show you what they are DOING, or for
you to try to "out-guess them"? (Goodness I hope
the answers to those questions are obvious to you!)
The Big Money Traders have every advantage over the
regular "retail trader" (normally people like us)...
however, we gain back our edge by seeing where
the Decision Points are... where the Big Money Traders
are actually deciding how and where they will trade...
and this is what Logical Forex Magnet Lines show us.
You want to see Price interacting with a Magnet Line
which means the Big Money Traders are at a Decision Point
and we want to (1) wait for them to show us what they
are DOING (not what they might do), then (2) let them
do their typical "clear out the stops before moving price,
and then (3) trade WITH THEM in the direction they take the market.
When Magnet Lines are used with Flow Lines, the picture
becomes quite clear... and we can confidently enter and
exit our trades. Of course, we always need to be ready
to exit quickly, whether we are in profit or not.
This becomes quite easy as you absorb more of the
Logical Forex System, and apply it to your trading.
Logical Forex Magnet Lines are not the same
as Support/Resistance lines! And, we are not
trading a "breakout system". We cover this
extensively in the Logical Forex Training Materials,
which include over 2 hours of video instruction,
a written guide, the Pattern Library, a Trading Process Map,
and many forex scalping examples in the Trading Blog...
and many other resources that are included
when you first get started.
Logical Forex WatchDog
Like a good partner, the Logical Forex WatchDog gives you
extra confidence that what you are seeing is actually
a high probability trading setup. It helps you identify
good trades by "barking" to let you know you
need to be paying attention to a pattern that is developing.
So, it's quite simple... when you see good Activity
in the market, and the price has a logical Flow,
and price is interacting with a Magnet Line... and
the WatchDog is "barking" at the same time (it
appears in a bright yellow)...
then you have a high probability trade setup. Of course,
it's still up to you on how to interpret what you
are seeing, and how you will approach the trade...
by taking it, or passing.
And when you identify a trade that makes sense to
you logically and is clear to you with your Pattern Matching brain
(yes, we cover all of this in your training materials),
then it's time to trade!
Entering and Exiting Trades
Now, keep in mind that Logical Forex is not
a "silver bullet" nor is it the "holy grail"
of trading. Logical Forex simply shows you a high probability
trade setup, without you having to draw trend lines or pull
fibs (on who can ever-guess what points to select)... or
anything else manual. You need only to watch the chart
for our particular Best Patterns, and choose if you
want to enter the trade.
You will perfect this ability, to enter and exit trades,
by applying and absorbing the things we reveal to you with Logical Forex.
Then... with practice-practice-practice (just like ALL professionals
do in any career)... you will develop trading skills
that give you a calm confidence in all your trades.
Of course, you want to practice properly, too, and we have
developed a special method for doing that, too.
We will be "wiring your brain together" in
a special way, so that your left-brain Logical Processing
and your right-brain Pattern Matching handler work together.
You will find a new freedom in your trading... with
No Predicting. No Over-Analyzing. No Hesitating.
When you first get started with Logical Forex,
we recommend that you trade very small lot sizes,
as small as your broker will allow. Over a period of time,
you'll increase the lot size, as your skills and
confidence grows. We'll show you specifically how
you can increase your lot size (covered extensively
in our Premium Videos)... and break through the
limitations you have right now. (One of our best traders started out
timid and concerned and was able to trade tiny lot sizes,
but after working with us for just several months,
he now regularly trades 10 lots, and rarely loses a trade.)
And, even if you are starting out with a small account,
by using compounding, and a unique strategy where we
show you how you do not change anything about your trading,
only increase (gradually) your lot size of each trade...
and you'll be able to grow your account size much faster
than you might imagine. You can learn more about this
in our report The Secret Forex 4.2 Formula.
What this means is... often people associate "scalping"
with frequent trading... taking may small and quick trades.
We do things a bit differently. Our focus is on trading one large lot size trade,
and getting in-and-out quickly... then enjoying something else
for the day (family, friends, hobbies, life).
When you are able to identify Logical Forex trading setups
(which our training will show you), then it's rare to have a loss,
and the simplicity and no-stress atmosphere of trading Logical Forex
is a true blessing.
Of course, there will be times when the market may go crazy.
Remember, the market is not a "video game". It's
made of Real People with Real Personalities and Real Issues...
and even when a "robot" is trading, that robot still
has the bias and personality of it's author. So, sometimes
things do go crazy in the market... unexpected news and world events cause things
to behave in extremely unusual ways... sometimes a Big Trader
will enter unexpectedly. Life is full of surprises, and
so is forex trading. Well, we'll show you how
to minimize that kind of risk, and... when you do get caught in
something like this... you can usually exit quickly for
a small loss and sometimes a small profit or breakeven trade.
The simple rule for trade Entry and Exit is...
In And Out Quickly, Whenever It Goes Against Me
Generally,
since you have done a good job identifying your trade, based on
your Logical/Mechanical Training and your Pattern Matching/Mental Training
with Logical Forex, you'll find that "when it goes against me"
you are actually in profit. And, yes, we show you some clever
and proprietary ways to trade this way.
Our plan is this...
- Review Market Conditions. Usually about 5 minutes... max.
- Make sure the market is Active. You may need to be patient for 30-45 minutes or so.
- See that there is a true Flow in the market
- Wait for Price to interact with a Magnet Line (a Big Player "Decision Point")
- Allow the Big Players to "clear out stops" (the "Magnet Dance") or identify if they will begin the move Right Now
- Allow our Logical and Pattern Matching brains parts to agree to take the trade, or to pass.
- Be calm, stress-free and comfortable with No Predicting, No Over-Analyzing, No Hesitating, and if so, Enter the trade.
- Enter the trade with as large of lot size as you are comfortable doing (and smartly of course)
- In and Out Quickly, Whenever It Goes Against Me (or hold a bit longer if that is your trading style).
- Go do fun stuff other than trading. (Or seriously reduce your lot size, and keep trading if you desire).
There are a number of "best times to trade", and they typically
appear when a part of the world is opening or closing their "trading day".
The absolute best times are when European markets are opening and closing, and
when the US markets are opening, and the Asian/Australian sessions are closing... but ANY
open/close is generally A Good Time To Trade... among a few other times
you will discover. Logical Forex works fine, as long as there is market activity.
If there isn't any market activity, who would you be trading against or with?
If there isn't market activity and liquidity, you will most likely be trading
with a serious handicap... against
somebody with more money than you, and they can manipulate the market... and you...
and we certainly don't want that.
I know how this can impact you. Be careful. It's easy to
fall into Fantasy-Land and think that any time you want to trade,
you can "pull pips from the market". It doesn't work that way.
If the market is not active and liquid, no matter what time of the day it is,
or whether a market is opening or closing... you cannot just
"manufacture pips". There is no such thing as
"How many pips per day can I make?". That's a bit like asking
"How many raindrops can I catch every day?". First, it has
to be raining (the market has to be active), and it has to
be a sane market (you don't want to catch raindrops in a hurricane).
On those days that are good (and that is almost every day),
then take what the market offers you.
You see, with Logical Forex, we help you identify the best
trading setups... so that you are almost certain (barring some
odd "spike")... that the market is going to move in the
identified direction (where the Big Players are taking it).
Then, based on that, we know that usually the market will make
a fairly decent move... and we only need to take a small slice
of that move to make a nice profit. And that is scalping!
When we have traded with a large lot size, calm and confident in
our abilities, then we will with very little-to-no-stress,
make a nice profit. Depending on our own personal risk tolerance,
some will hold a trade longer than others. For me, it's almost always
In And Out Quickly Whenever It Goes Against Me... but on those days
when I just want to trade a while longer, I reduce my lot size, and
keep trading. Carefully. I certainly don't want to give back
my profits. Yes, we have materials that cover this, too.
The main thing is... your trading has to be fun... and stress-free...
with consistent profits... and fun. Not only that, it has to be fun.
(Have I said that before?)
And it has to be something you can repeat day after day... without
even thinking about it. And, that takes practice. And practice.
But learning the mechanics is easy. You want a process... a system...
a method... that you can follow EVERY DAY without any mental effort.
Logical Forex provides this to you. Enjoy it.
The mechanical process is really quick to learn. I've already
covered it here... Active Market. Price Flowing. Price Interacting
with Magnet Lines. Trade or Pass. That's it. The mental side... that's a
bit more challenging. But we'll help you through that too. Remember,
just about whatever you are going through now or have gone through previously,
we have too. We "made it through to the other side"
and we are here to help you. Let's get you on
the other side too.
What do you need to get started with Logical Forex?
Probably the most important thing for you to have to get started with Logical Forex is...
COMMITMENT TO YOURSELF
Since you want to be consistently profitable with your forex trading,
and you probably have other driving factors motivating you to
become a true professional, you'll need a True Commitment... and
that commitment needs to be to yourself. I'm not going to
get into the details of what that means right now. We cover it
in some of the training materials. But in general, I'm sure you
already know that if you're getting your motivation from some
"external commitment" or something outside yourself,
then it would be easy to "take away".
Now, I believe
you have a true commitment to yourself... and since I'm equipping you
with a proven trading process, and with extensive training materials
covering both the mechanical and the mental aspects of training...
then you will do what needs to be done... absorbing and applying
the Logical Forex training materials, and practicing... and
building confidence in your trading skills and your stress-free
trading... yes, you can do this... but it's up to you. Be committed.
To yourself.
Yes, we notice your commitment to yourself, too.
We monitor log files to determine
how much effort you are putting into YOURSELF. (No, we can't see your trades.)
We see when you access the training materials... we notice how you ask questions
(if you ever need to do that).
So, what happens is this... we are as committed to you as you are
to yourself. If you just immediately start asking questions that
we know are addressed in the materials on the site
and in the videos, and the FAQ, and the blog... then it's a
strong indication that you're not quite committed yet. Sure,
it's easy for you to avoid reading all the materials, or watching
the videos to find your answers.
Most likely, just about anything
you can ask, we have already answered and made it available to you
in various places. If you're willing to take a few moments, and
really commit to using the materials available to you, then you're
very likely to succeed with Logical Forex. Otherwise, you
may want to find something else to do. Forex trading,
at least as a professional and consistently profitable forex trader,
takes effort, dedication, and commitment. You have that, right?
That's what we thought. :-)
Something else that is critical to your success is...
TOSS YOUR FANTASY
Although I don't know your current situation, I do know that
many potentially outstanding forex traders have been
completely demolished by bringing in baggage (from other systems)...
but even worse... by bringing in a Fantasy.
We all have them. We just have to manage them properly.
It's not likely that you'll be able to quit your job
any time soon. It's not likely that you'll take a $1,000 account
and make a living from it. What you can do is
be a true professional and build up to those things.
Yes, we can help you accomplish this... much more than
you can probably believe. We want to help you live the life
that you desire... and with forex scalping and forex trading
being as large (or as small) of a part as you want to make it.
If you're expecting that Logical Forex is going to
"draw arrows and mark your chart exactly where to trade",
then you need to probably look elsewhere. There are
systems that work that way, but you are rarely in control
of your own trades. Think about it... with "arrows on your charts"
and "automated trading robots", you're going to let
the computer play a gambling game on your behalf, "ring a bell"
and like Pavlov's dog, you're just going to habitually salivate
and take some action? Nope, that's not for me, nor is it the
way any professional behaves... in ANY field... and especially
in trading.
I suppose if you had Really Deep Pockets Filled With Money,
and a tolerance for a math game of millions of coin flips,
you could use "pure statistics" and "arrows on your charts".
But most of us have neither the money nor the patience
(nor the risk tolerance for drawdowns) for something like that.
What we Logical Forex Traders do... what you will do...
keeps YOU in control,
making intelligent logical decisions. We trade the Flow of the Market, following
what the Big Money traders are doing... making consistent profits,
and having fun. Yep, that is what I want to do... and
probably you, too. It takes some commitment to be able to
do this consistently, but you do intend on being a professional
and consistently profitable trader, right?
Now, to get the biggest advantage over other traders,
and to be able to trade with the Big Money Traders,
you need a few more things. They're simple...
- NinjaTrader. It's free. We'll show you exactly what to do. It's really simple.
- A Datafeed. Again, it's simple. It's part of your setup process.
- An ECN/STP Broker. If that's cryptic to you, that's probably why you're not succeeding right now (meaning your broker is trading against you -- did you actually read their agreement?). An ECN/STP just passes through your trades without being on the other side of your trade. This is critical. We have a spectacular broker we work with. You'll love them. (You can stay with your current broker, too.)
- Small spreads. Exceptional Fills. Low fees. Again, our relationship with TradePro (our preferred broker) gives you this. If you already have a broker you are satisfied with, that's fine, too.
- You'll need around $2,500 USD for serious trading. You can get started with around $1,000 if you must, but it's going to be a bit more difficult, but it will still work... if you are patient and committed.
- Commitment. Determination. Patience. Practice. Commitment. The process IS simple. There is so much available for you to get from Logical Forex. Get it. Absorb it. Apply it. Enjoy it.
- No Predicting. No Over-analyzing. No Hesitating.
- Read everything. The Getting Started Guide and the Checklist are a great place to start. Watch every video... the Quick Start Videos, and everything on the blog. Read the FAQ. Do these things Many Times. Be serious. We will be just as committed to you as you are to yourself. Have fun.
One more thing... Logical Forex does not work directly with MetaTrader
or any other platform, but that is okay since we only use NinjaTrader
for charting, and you can execute your trades with any broker
(including Metatrader-based brokers).
We know from experience, and after years of working with many
different brokers, that our relationship with TradePro is
by far the best path for you. We don't receive any financial benefit
from directing you to them. We just know how good they are,
and that they have some special spreads and reduced fees exclusively
for us Logical Forex Traders. You rarely can get anything like this elsewhere.
Take advantage of this. Seriously.
What do you get with Logical Forex?
Hi Greg, I suspected the EUR/JPY and the EUR/USD were selected because they worked best with Logical Forex... among the other things you mentioned..... and I'd like to thank you again for all your research and the fact that you pass it on. Your professional abilities and mentoring skills give all of us... I'm sure.... a feeling of being - not alone - in a world of giants (the big players in the market).
And, thanks again Greg for your super response to my question... the time you take to explain things and your encouragement. I AM trading basically the same time-slots as yourself and in that order. I guess I had to just assure myself that I had it right. At the moment I'm checking through stuff to make sure I have all the mechanics of Logical Forex right I feel I understand your system completely and you're right about Logical Forex being uncomplicated and showing the flow against the other complcated methods of trading) but sometimes when we start out in something new and perceive it from a newbe's angle, I feel I want to go back now with some experience in Logical Forex to make sure I have it all right and haven't twisted or left something out.
It's mainly me now that I "know" I must work on... it's interesting, you konw, I thought I had good patience and discipline (my wife did too, actually) but I have come to realize through Logical Forex trading, I have plenty of lessons to learn in this area and I am getting some break-throughs so that's good.