Wow. I’m amazed at how little time I have had recently to post trade examples to the blog. I have been trading, but I have had so many other things going on that taking the 30-60 minutes to put together a post here… has been difficult for me to do. The reasons behind my limited time to post will make more sense in the semi-near future. Quite simply, I’m “in the background” doing lots of things for you… things I just can’t talk about for a while.
I guess what I really need is a way to be “in and out quickly” for Life Events just as I do with Logical Forex. Would that be “Life Scalping”?
There have been many of you that have stayed in close correspondence with me via the Support Ticket system. So, you know I’m “still here”… every day… for many hours. And, I appreciate your staying in contact with me. I encourage you to comment on this blog, or open a support ticket if you need help from time to time. Of course, the Logical Forex Premium Videos cover SO MUCH of exactly how to trade, I do find it encouraging that most people who have really committed themselves to ABSORBING the content of the Premium Videos rarely have many questions. They just trade. That’s quite fun… especially when most of what I receive are great reports of consistently successful trades.
While I continue on my current projects, my postings to the blog will also continue to be less than I would like to do, but I do hope be able to post a bit more frequently, probably starting late next week. I do ask that you continue to be patient… because what I’m working on is FOR you. And… there are LOTS of materials and trade examples already posted to this blog… and it will most definitely be helpful to you if you review the trade examples and watch the videos SEVERAL TIMES, and then do it again. You WILL learn “new things” each time you do this, especially as you gain more experience.
I will also be posting more “mental things” pertaining to trading. So much of what we go through in trading forex is MENTAL. It is “putting it all together”… the “mechanics and logic” of trading along with our mental perspective… that makes us a profitable trader. And, that’s what we really want, isn’t it?
Okay… I will leave you with a trade from a little while ago…
### EUR/USD Market Structure
I hope you see some structure here. In addition, if you “divide the chart” as I teach in the Premium Videos (and even cover a bit in the Quick Start Videos you get with your trial), we are most definitely at a “Decision Point” in the market. Now we have to decide what WE are going to do.
*** TRADE #1
I *always* manually draw these little arrows as best I can to reflect approximately where I enter the trade. It isn’t always easy to make these arrow match exactly to where my fill occurred, especially when the “little gray triangle” is in the way. That gray triangle is what NinjaTrader puts on the chart when you “scroll back” to show a trade. Anyway, I mention this because there are still some people who ask if those “red and green arrows” are drawn on the chart automatically. No, they aren’t. And, that doesn’t even make sense given the way Logical Forex works. I’ll cover that some other time (again)… but I’ve already covered it dozens of times on this blog (and elsewhere).
So… I was quite confident that this trade was a decent setup, so I want to “load up” on my lot sizes when I have made that choice. That means that even with a “small pip profit”, one can make a LOT of money with LOTS of LOTS.
Now, you’ll notice I didn’t “hang around” or “hold on” to this trade very long. Yes, it did move upwards another 5 pips or so, but… as you already know, I like to trade with No Stress… so I did my usual “in and out quickly”… and it netted a little over 5 pips (including commissions). So, within around 1 minute, and a large lot size trade… it has been a Good Day.
There are numerous times during the day when this kind of setup happens. Mostly it is around a time when a market “session” is opening or closing… meaning when “Europe begins or ends it’s trading day”, or Asia, or the US.
Plus, knowing this, there is simply no need to spend long hours sitting at the computer staring at charts. Just determine a good time that works for you, find a corresponding “open or close” of a market session, and you’re already in a great position for winning trades with the least amount of effort.
Well… I have to get back to my projects that I’m working on for you. I’d sure love to hear from you. Talk to me below with a comment. It may take me a bit of time to respond, but I certainly will.
See ya again soon.