From what you see on this chart, it looks like a Flow Flip, but it’s not.
It was more of a breakout from 20 pip or so range.
The entry…
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The exit…
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This was all I traded today. I have some other “life things” that are seriously requiring my full attention, so I’m having to be extra careful in my forex trades. In a few days, I’m going have to be away for a while. Sigh.
When price begins to go in a different direction, it can be a great forex trading opportunity. Sometimes (most of the time), I’ll just look for 5 pips or so, and that’s actually pretty easy to come by.
The most challenging part is to avoid being fooled. What looks like a flip can be a simple retrace. The nice thing is, the Logical Forex Indicators give me several good visual “alerts” to let me know to pay attention to good possible setups, and when I combine all the different things they tell me, along, of course with what price is doing at the moment (and particularly around those “Logical Forex hot spots”…then I generally can make a pretty good call on know whether to enter the trade…or stay out.
The setup and entry…
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The exit…
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Did I exit at a good time?
I usually won’t trade when the forex market conditions seem to be “in a bad mood” or “acting erratically”. That’s what was going on here. But, there were some things that I’d been watching a few minutes before that told me this was a “semi-high probabilty trade” (not may favorite), but when I saw several Logical Forex Indicators give a decent signal (given the other things I saw), I took the trade.
The setup and entry…
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The exit…a bumpy ride. Silly me. (Take the High Probability Trades Only!)
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There were several exit points that, for a person just starting out, would have been better and far less stressful. Actually, it might be best if a beginning Logical Forex trader skipped this trade entirely. But, if YOU see the logic behind the trade, you DEFINITELY need to be trading with the Logical Forex Trading System and Logical Forex Indicators!
