Archive for December, 2009

Even In a Slow Forex Market…

Tuesday, December 15th, 2009

Well, as we draw closer and closer to Christmas, the market is beginning to be a bit less liquid, meaning it will normally have larger spikes and more jumpy moves.

You CAN trade during this time, but you MUST be careful.

One of the best ways to be careful is… to make sure you allow the market to TELL YOU WHAT IT IS DOING, and NOT try to predict! In other words, I’m a deliberately being MORE cautious than normal in allowing the Magnet Dance to occur before I trade. If it does not happen and price just blasts through a Magnet Line and I’m not quick enough to enter the trade… then so be it… I will simply wait for the next one. Of course, “waiting for the next one” during the next few weeks WILL take some patience (most of the time)… but is this really any different from how we normally trade… being careful no matter what and adjusting to what the MARKET is DOING?

We must make sure to not “dictate” to the market. It owes us nothing. Like you, I “need” to make “X” dollars per day… but I can ONLY do that when market conditions are Right. There is no sense going fishing in the sand of the desert, right?

So… here is the setup… You DO notice how this is another example of what I discussed in the video I posted just prior to this one, right? Patterns. It’s all patterns… and with the Logical Forex Indicators, we can SEE those patterns in ways that most people never will. We have an advantage!

*** TRADE #1

Holiday Forex Scalping Magnet Dance

Holiday Forex Scalping Magnet Dance

For those who have absorbed the Logical Forex Premium Videos — you DO see “that same ole thing” that I use so often, right? It SURE is powerful.

You know… maybe I should remind everybody…

Be sure to CLICK THESE CHART IMAGES to zoom in and get a good look at the details! The chart will open in a new browser window. Just close that window to return here.

Exit #1

Holiday Forex Scalping Magnet Dance

Holiday Forex Scalping Magnet Dance

Now, I’m sure you’ve already noticed… :-)

I have decided to make a special offer to you during the Holiday season. You’ll see the offer appear in your browser a few times (maybe 4-5) and then it will disappear and not be shown to you again. Sometimes viewing a page you haven’t seen before (or in a while) will make the special offer appear. Sometimes. So, I recommend that you pay serious attention to what I’m offering you. And… consider this… After the first of the year, I’m going to do a couple of things… such as likely change and limit those who can even gain access to Logical Forex… and I’ll be providing those who are already part of the Logical Forex Family some additional opportunities.

It’s a good time to close out this year and start your new year by becoming a truly Professional Forex Trader. Take advantage of my special offer to you. YOU DESERVE IT.

-Greg

Forex Scalping Tips and Insights

Tuesday, December 8th, 2009

Wow! I was quite surprised when I realized how long it has been since I last posted. Yes, I have been scalping forex regularly, but I have just not been posting here. It takes me at least an hour (often more) to prepare a post, and I have only had about 30 hours every day to get everything done that must be done! :-)

My posting will still be a bit spotty for the next few weeks, but I hope to be able to get back on track for posting more frequently… maybe even before then.

Even if I’m not able to post, I’ll definitely be trading. Of course, this time of year, one must be careful to make sure there is adequate liquidity in the market before trading…. and that’s trivial to recognize with the Logical Forex Activity Lines. You do always check the Activity Lines before you trade, right?

I’m happy to report that my Mom is doing quite well. I appreciate how so many of you have continued your prayers and well wishes! Many of you have kept in touch using the support ticket system to keep things a bit more private… and I thank you for that, too.

My Mom continues to be a great inspiration to me, and what she is going through reminds me all the time about how forex trading present the EXACT same “challenges” as life. I’m not going to go to deepply into that right now, but consider how we all are so often presented “challenging choices” in life… and how fear and all of our other emotions can “get in the way” of taking action… yet those who DO take action are really the ONLY ones who have ANY kind of control… and that being ONLY of Their Choices… but NEVER really knowing the outcome.

So, what do we do in forex trading (and life)? We make choices based on the best information we have available at that particular MOMENT. The more we try to predict or over-analyze, then we hesitate, and become more uncertain, or, more “certain” that our predicting and analyzing will have some “magical influence” on the outcome. Nope. Not in life. Not in forex trading.

But, if we can isolate our choices to a fairly well-known and understood PATTERN and can recognize those patterns, then our decision making is a fast process, with less emotion, and much less to “defend” or “insist on Being Right”, so it is easier for us to ‘exit a bad choice’… certainly in our forex trading… but only sometimes in life. And it is THAT difference that makes forex scalping and forex trading EASIER than life choices, but almost the same “situational choices” as life.

What would be nice, of course, is if we had Logical Forex Indicators for LIFE Choices. :-) The way Logical Forex shows us THE Decision Points in specific ways is what gives us our edge of just about any other forex trader or forex scalper. And with continued practice, it gets easier to deal with whatever the outcome of “the choice” or “the day” or whatever.

I have included a video for you today to show you some specific patterns that are occurring frequently over the past several weeks. Actually, they happen all the time, it’s perhaps just been bit more “obvious” recently.

You’ll hear me mention several times about a few additional items that give me even more confidence in taking some of the trade setups I’ll show you in the video. I’ll explain those things in more detail, below, for those who have purchased the Logical Forex Premium Videos or who have experienced a Private Workshop with me.

Forex Scalping Patterns
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Keep practicing! Keep trading! Keep going! Stay committed and determined to YOURSELF!

-Greg