Archive for September, 2009

Can you enter and exit fast enough when scalping forex?

Thursday, September 10th, 2009

Hello again!

Yes, I know. It has been a while since my last post. I have really missed being able to post regularly this past several weeks.

As you know, I was finishing up and releasing the Forex Scalping Premium Videos. I am completely overwhelmed with the exceptionally kind words that you have all given to me. I knew the Premium Videos were going to help you, but I had no idea as to the extent that it took a few of you from “good traders” to Great Traders — almost instantly!

Of course, we all know that the things that I taught you in the Premium Videos you will have to practice to perfect, but since you have committed to YOURSELF that you ARE a Professional Forex Trader, the conclusion is all but certain, right? YOU are in control! Exciting isn’t it?

Everybody who is (or has been) a client (even those who just did a trial) are welcome to a stunning discount on the Premium Videos. I sent you all an email last week, but if for some reason you didn’t see that email, open a support ticket, and we’ll extend the special discount to you again.

And, if you are still contemplating about starting a trial…stop over-analyzing…stop hesitating. :-) I have a deep discount offer that you will receive on the Premium Videos when you start your trial. The discount won’t be this deep forever. No predicting. :-)

So, let’s talk about the forex market…

The past several weeks, especially this past week with the US Labor Day holiday (and a few other countries, too)… the market has been dead or insane, and even when moderately sane, trading has been VERY DIFFICULT.

IT IS NOT YOU!

This “insane market” is a fairly regular occurrence. Every summer (in the Northern Hemisphere), it seems that the market goes into a type of “summer hibernation”… and just acts, well, crazy.

To be able to trade this, you have to be extra careful, and extra selective on your trades. And, if you still chose to trade, reduce your lot size.

Now, I have not posted much the past several weeks, as you already know. Yes, it has been partly because I was releasing the Premium Videos, partly because I have had some personal “challenges” that have effected my availability to trade… but MOST OF ALL, it has been because I simply have not seen many setups that I want to trade, and especially not with Max Lots.

This morning, I saw a couple of medium probability setups, but I personally was not “in to it”. In other words, I was sniffling with allergies (ragweed and mold), so I just wasn’t physically up to trading much.

So, what did I do? Go ahead…guess…

I decided I would take a trade or two… and recorded one of them for you. It was ugly. :-) But I had reduced my lot size to a tiny number, so I didn’t have much risk. And, I knew the setup was likely to be a good “teaching time”.

So, that’s what I recorded for you. You will see where I normally would have gotten out. Let me say that again… you WILL see where I would have normally gotten out. But, I chose to stay in the trade to demonstrate a couple of things that will be obvious to you when you watch the video.

Be sure to listen for a story about cars. :-)

scalping forex quick in and out example
Play Video (in new window)

Now, for people who have purchased the Logical Forex Premium Videos or who have previously taken a Workshop with me… I am going to give you a bonus today.

I will show you specifically how to interpret some additional details about this trade. But, perhaps even more helpful, I’m going to show you in detail how to enter a trade correctly and where to place your focus during each part of the trade.

This information can truly change your profitability. It will help you completely eliminate “entering a trade late”.

I’ll show you 2 examples of trades (both small and profitable) without ANY SETUP AT ALL… just me clicking with the flow, and watching the right places on the charts and the broker panel.

So, take a look now at how you can start entering your trades “on time”. Yes, it WILL take some practice, but that is what Professionals do, and that is what YOU are…a Professional Forex Trader!

Here ya go…

Please Login or Learn How to access exclusive video.

Now, I want to encourage you to view some of the other trade examples on the blog, especially the post on that Super Quick 7.7 pip profit scalp. :-)

-Greg