Archive for the ‘Trade Setups’ Category

Do you Fight It or Flow It?

Saturday, May 22nd, 2010

This past couple of weeks have been incredible. The forex markets (well, ALL the markets) have been moving wildly, moving fast, and often with much momentum in a single direction.

These are things that can slaughter us. Or surprise us. Or strengthen us. Or, maybe nothing at all.

Now, I’m specifically thinking of forex trading when I mention this, but it applies to just about everything in life, too. It’s those “exception conditions” that have such a profound impact on us. For good. For bad. For something.

The question I keep asking myself is this…

Why would I want to FIGHT something, when all I have to do is FLOW with it?

Here’s what I mean…

Let’s just consider this past week of trading. The patterns we have seen over and over and over and over again literally TELL us what price is doing, especially when Price is interacting with a Logical Forex Magnet Line. This is BASIC Logical Forex trading, and what we thrive on!.

Sure, there have been a few surprises, where price has moved quickly in our favor, and then just as quickly spiked back down. Well, that’s just the way trading works in a volatile crazy market… and we have had MUCH of THAT recently.

The thing that make trading with Logical Forex SO much easier in these kinds of markets is (perhaps not what you expect) that when we take a trade, it is almost INSTANTLY profitable, and there is a distinct and reasonable probability that price will make a bold move continuing in our favor… allowing us to “hold” a bit longer.

And… THAT is “the trick”.

You see, the way I prefer to trade (you already know this) is to be in and out quickly. It really does not bother me at all if price goes another 20 pips “without me”. I have MADE my profit and “put it in the bank”. But (thankfully) there WILL be times when it is incredibly clear that it would be silly for me to exit, so, yes, I do hold a bit longer… but I also know the risk I am taking by doing so.

It really comes down to this…

Do I Fight It or “Flow It”?

If everything is FLOWING (including me!), then taking a trade is a bit like breathing. I can hold my breath. Or breathe normally. It’s my choice… UNLESS IT IS NOT. Think about that for a minute.

When you’re just sitting in your favorite lounge chair, taking it easy… do you even THINK about breathing? Is it difficult? (Of course, if you have health issues, then this takes on a different and even more significant meaning to you. I had asthma as a kid. I know how it is).

So, if you’re not thinking about breathing when you are “in your environment”… why would you ever WILLINGLY cause yourself to be short of breath, suffocating, choking, and suffering?

WHY Fight It when you can “Flow It”

This is important for two main reasons for us as Logical Forex traders (or ANY trader)…

1. We have made a CHOICE to put ourselves into an environment that WILL create a “Fight It” response. Forex trading touches ALL of our emotions… from real financial issues, to “insisting on being right” (and all the other shades of odd mental issues we all have). This is true when we are simply “staring at the charts” and even MORE of an issue when we are actually IN a trade.

2. If we have WILLINGLY entered this environment, then we MUST learn to FLOW with it! Otherwise, it would be INSANE of us to take this kind of action… stepping into a pulse pounding, breath sucking environment… wouldn’t it?

Now, I realize there are some people who LIKE the adrenaline rush. That’s fine. You can enjoy it as you desire. It IS your choice you know. ;-) But, I prefer to remain in my little CalmLand.

So… let me take this a bit further…

You again have two main choices…

1. Adapt to the environment and apply Logical Forex in ALL the ways that I show you. Read the Getting Started Guide, make the Pattern Library be part of your soul, trade step-by-step with the Process Map, the Quick Start Videos… some of these things available to you now, others when you start your Logical Forex trial.

Well… use what I show you without alteration until you have made it part of you. And, then… THEN you will know what I am talking about… staying calm.. and in The Flow of Logical Forex trading.

2. Or, you need to stop. Now. If you’re expecting Logical Forex to “replace your job Right Now” without truly becoming a professional… I admire your desire… but you are creating a VERY difficult “Fight It” scenario for yourself. YES KEEP TRADING, but manage how YOU respond to the environment… USE WHAT I TEACH YOU with Logical Forex!

Okay… so let’s get this to a “forex scalping” perspective.

You tell me…

     7, 8, 11, 9, 10, 12, 11, 13, 14, 16, 14, 15, 16, 17

Don’t study that. Just glance. No study required.

Compare it to…

     7, 8, 5, puppy, 17, 3, purple, 16, 17, 18, 19

Okay now… be honest with yourself…

Which one is “easier” for you to grasp? Which one “makes sense”? Do either of them “have a pattern”?

Now the big question… which one did you Fight with? Which one did you FLOW with?

So… what if I told you that if you were wrong, it was going to cost you $100 USD?

Does that cause you to breathe differently? The pulse to pound?

And now… the REAL question…

WHY OH WHY would you trade when you have to FIGHT instead of FLOW?

Can you ALLOW yourself to simply SEE what the Logical Forex charts are TELLING you?

Or, do you need to “force X pips” on this trade or today? Do you “need’ to “win this one”?

Do you want to MAKE it that hard? (No!)

And, yes, it really is as easy as I tell you. It is up to you, though… and whether you want to Fight It or “Flow It”.

When the market presents good, clean, clear patterns… and YOU are in sync with the market… THEN TRADE. Otherwise… stop! Do not waste your time or lose money forcing something that is not “there” and essentially “picking a fight” with a Really Big Nasty Opponent.

What we DO want is to FLOW WITH those Big Players. We want to SEE them making decisions… at Decision Points in the market, primarily shown to us when price interacts with a Logical Forex Magnet Line… and even better when the other parts of Logical Forex (including YOUR Mental State) are ALL in CalmLand, going with the Flow.

Can you do this for me YOU?

Truly absorb and apply what I teach you with Logical Forex. I have put my heart and soul into making SO much available to you. Wherever you “are”, there is SOMETHING for you.

But, do NOT “force it” or Fight It. Just use it, and Apply It. When I recommend something to you in these training materials… remember this… I have spent all my time and effort putting this together for you so that you don’t have to “research stuff”. You can just “put the MECHANICS” of Logical Forex to work for you quickly! It is your work on YOU and your perspectives and approaches to trading that is so challenging… and WILL make a huge difference and improvement in your forex trading… and if I can be so bold… in your entire life. (Those of you who have been with me a while know exactly what I am talking about!)

So… renew your dedication and commitment to YOURSELF. Actually do what I show you in all of the Logical Forex training materials. Read, watch, learn and apply everything you can access. For some, you WILL want “more”… and you will find our additional training materials such as the Logical Forex Premium Videos to be an enormous boost to anything you have ever imagined you could do with forex scalping and forex trading.

But, it’s all up to you. You can Fight It. Or you can “Flow It”.

Now… I have to take my OWN words here VERY seriously too, from a different perspective.

When I made Logical Forex available to the public, I never really dreamed the kind of and number of blessings I have received from people like you. It has been exhilarating and humbling… and an overwhelming beautiful gift to my soul. All of you.

It has also been overwhelming to me in other ways. ;-) As most of you know, all of what you see is what I have created. The Logical Forex Indicators. The web site. All of the training materials. The support ticket system (and handling the support request, too). Again… my PASSION for sharing my expertise with you is what drives me! And powerfully so! I could just as easily have chosen to keep all of this to myself… and just scalp forex… but my passion for helping other people escape the nightmares I went through (and have left far behind)… THAT is what keeps me going… no matter how draining it is on me physically or mentally. If you have opened a support ticket, been in a workshop with me, enjoyed the Premium Videos… then you KNOW my passion FOR YOU in a very PERSONAL way.

And, so… after much contemplation… and months of work… I’m going to ADD to what is available to you. :-)

Obviously, I can’t do this by myself.

You’re truly going to enjoy this.

I’m sure you’ll recall several months ago when I posted here about “Scott”. That’s Scott Overbeck. Well, we have been “working in the background” for MONTHS getting things “just right”. Right for what?

Some of you have already been enjoying working with Scott in support tickets for several months now. He takes quite a few of them. He is awesome. He really knows how to treat people, and he really knows Logical Forex (more on that in a moment).

Well, you’re going to see Scott posting here occasionally. I say “occasionally” because… Scott is very busy already… and it’s going to be even more busy… for you. ;-)

Both Scott and I went through some “challenging times” during the past year. I’ve posted some of mine. Scott had his challenges too. We all do. They caused is to have several times when we had our “plans”, but had to modify them because of Life Events. Big Ones. But now, we have a better way to deal with those… Scott and I together… and a lot of those Life Events have calmed somewhat for both of us. (But even if the do pop up again, we’re equipped to handle them now within the Logical Forex world, too.)

And so… here is what we are doing… beginning “now”…

Additional Training - Free Online Webinars

In addition to all the other training materials you receive with our trial, you can also join us in a live online training webinar.

Did you notice I said “free”? ;-)

If you’re not familiar with what a “webinar” is… it’s an online training session where we’ll be showing you (”live” through you web browser) additional things you may have missed, answer questions you may still have, and, well, “fill your brain with the good stuff” about how to make Logical Forex consistently profitable for YOU.

Our intent is to have these every 6 to 10 days - sometimes more frequently, sometimes less. We’re both very busy still doing many other things for you… so we ask YOU for some “flexibility” in allowing us to have them “periodically”. But… “periodically” will be quite frequently. ;-) And, yes, we will have them on different days of the week, and at different times of the day so we can accommodate ALL of our Logical Forex Family, not matter what part of the world you live in.

For a while, we’ll be having “open house”. What I mean by that is, even if you have not yet started your trial… you can STILL attend the webinar intended for people who HAVE started their trial.

Of course, we do ask when you attend, whether you have started your trial or not, that you PLEASE make sure you read EVERYTHING you can on the site. You can be certain… just about ANYTHING you can ask we have covered… in the FAQ, on this forex scalpingblog… just LOOK and find your answer. Please. That way, you can truly HEAR and SEE and ABSORB what we will disclose to you in the webinar.

So, how do you join a webinar?

Well… I debated about making you “work” to find out how. ;-) If you want to Fight It, you can look around on the menu above. Or, if you want to “Flow It”, just check out our list of currently scheduled forex scalping trainingwebinars.

You definitely want to check this schedule regularly. We will add new webinar sessions to it without necessarily “announcing it” all the time. In fact, if you are reading this “in the morning”, then you may want to check again “in the evening” to see if we have scheduled something new. We’re full of surprises. ;-)

Scott will be hosting many of these webinars. This is a stunning opportunity for you! Why?

It’s simple. Scott is a trader. A very fantastic Logical Forex trader. But, there’s more…

Scott has been a Logical Forex trader since I first made it public. He was one of the people who, early on, saw how powerful Logical Forex was for HIM. I did a Private Workshop with him. We really found a like-mindedness and harmony in how we approached EVERYTHING… Logical Forex, yes, but Life, too.

For over a year now, Scott has “become one” with Logical Forex. He knows Logical Forex. he knows himself. And, that means, he can help you in ways that I can’t.

Since Scott has “started where you are” and has truly “arrived” and is now an accomplished Logical Forex trader… he can share things with you from the SAME perspective that YOU have.

He and I have spent countless hours over the past months fully enabling and equipping him to be Logical Forex Trader #1… but also doing the same with his ability to TRAIN you… to TEACH you.. to SHOW you… the EXACT same things that I can do with you.

I have worked with Scott very closely… looking at trade setups, and patterns and all the makings of how to trade Logical Forex to get the most benefit. And, Scott has done that for himself, and now, he can share these things with you… from YOUR perspective. I have taught him special things about how to guide you through the learning process so that you can apply and absorb BOTH the “Mechanics” of Logical Forex AND the “Mental Approaches” that are so critical to your success.

And with just that alone… he can truly open your eyes in becoming a consistently profitable Logical Forex trader.

But, that’s not all. ;-)

Scott has been in the financial industry for more than 15 years. When I say “in” the financial industry, I mean he is “on the inside” in the banking world from all different perspectives.

But… it gets better.

Scott is also a Professional Trainer. If you have something you need to learn, Scott knows how to “make it stick”.

And, given all of this… it is the POWER that YOU get with Logical Forex when both Scott and I are working together FOR you and WITH you. With either of us, you’re going to be able to accomplish things you have not even dreamed of yet. In fact, that’s true for Scott and me too.

Now please… don’t misinterpret anything here. No predicting! No over-analyzing! :-) I’m not “stepping back” or “stepping away”. In fact, you’ll be seeing my posting on the blog increase (starting in several weeks)… hopefully back like I could do several months ago. You may see me in “other places” too. You will benefit in ways I can’t quite disclose to you yet… because with Scott being more involved, I can complete some Very Cool Things that will ADD to your skills. (But, don’t “wait” on anything. As always, those who are “part of the family” always get some additional benefits I don’t always make publicly known. Take that as a serious “hint” to Get Started Right Now.)

Okay, if you’re as tired of reading as I am of writing, then it’s time to quit reading and writing… and for you to do SOMETHING. Commit to YOURSELF that you WILL “Flow It”… in your forex scalping and forex trading… and your life. Commit to YOURSELF that you will take advantage of all that we offer to you… to make you be a consistently profitable forex trader.

Go with the flow! You DO know what that means. Enjoy the freedom of flowing. Enjoy Logical Forex. Enjoy life.

-Greg

Do you Hold Bold or Exit Easy when Forex Scalping?

Friday, April 30th, 2010

The past several weeks have been an adventure with “spikes” and “jumps” in price, hasn’t it? Wow!

Well, it all makes sense, especially when you consider all the insanity going on across the financial world. Greece, Portugal… Euro Zone issues… the US government digging into Goldman Sachs (a HUGE player in the forex market)… with all of this going on… the market is understandably “nervous”.

Even so, there have been some NICE moves to trade in both the EUR/USD and the EUR/JPY. The challenge has been… not getting hit with those spikes. So, being extra careful in those entries has been very important… but so has the ability to say “oops” and exit when there is a spike… or say “oh well” and HOPE that it will recover. I’m not much for “hoping” when I enter a trade, so I will generally still exit quickly when price spikes when I’m in a trade. Thankfully, this does not happen often, as I wait for all of my setup to form and everything “makes sense”… and I’m willing to TRY the trade… whatever the outcome may be.

Where these spikes DO have a big impact on my is… my desire to exit quickly. I would much prefer to bank a certain profit, than HOPE(?) that price will continue in my favor. With price bouncing around like it has been, I have recently tended to exit with small profits even on “big moves”. I can live with that… because I feel NO STRESS when trading this way… exiting quickly… Exit Easy.

But, not everybody is this way. A fine gentleman the other day told me that he is VERY willing to Hold Bold… MUCH longer than I would consider doing. This is perfectly fine! We are all of different personalities and preferences. But, I do want to mention to you that, especially when just getting started with Logical Forex… MANY SMALL WINS BUILD YOUR CONFIDENCE… AND YOUR ACCOUNT EQUITY. And, that’s Always A Good Thing.

Earlier today, there was a nice trade that setup around 9am US/Central….

### EUR/USD Market Structure

EUR/USD Market Structure

EUR/USD Market Structure

As you can see, this was after a News Event that pushed price up quite nicely, and now we are at a clear Decision Point, shown by the Logical Forex Magnet Lines, and the Market Structure.

Of course, we are not going to predict what the market will do. We will watch the Magnet Dance and let price TELL US what it IS doing.

*** Trade #1

EURUSD Forex Scalping Entry

EURUSD Forex Scalping Entry

Exit #1

Now, there were two ways to exit this… Exit Easy or Hold Bold. You probably already know what I did…

EURUSD Forex Scalping Exit

EURUSD Forex Scalping Exit

When the market “stalled”, I did an Exit Easy and took my Easy Profit.

The other option would have been to Hold Bold. Sometimes I will do this…. but not this time… but it wouldn’t surprise me if several other people DID Hold Bold…

EURUSD Forex Scalping Exit Later

EURUSD Forex Scalping Exit Later

Remember… for the most part we are Forex Scalping… so take your profits quickly… using as many lots as you can afford to trade responsibly… and when the price moves fast in your favor… and you are calm, hold on for a while. (You can learn more about how to trade responsibly in The Secret Forex 4.2 Formula, which includes access to a special planner/calculator so you can tailor things to your own trading needs.)

Again… YOU have to decide what works for you, but make sure that it causes you NO STRESS. Keep Logical Forex easy on you, where you feel confident and calm… and your trading will be a fun and profitable experience… whether you Hold Bold or Exit Easy.

-Greg

Is A Little Forex Scalp Enough?

Tuesday, March 30th, 2010

Hi. It’s good to see you again. :)

I have been quietly in the background for some time now, working on a number of things to help you be able to learn and apply Logical Forex even better to your trading. Sometimes, like for the past week or so, things get so intense that I have little time to trade. I supposed I could ignore my own experience and “trade anyway”, but I always only want to trade when I can fully dedicate my efforts exclusively to trading.

That’s been difficult the past several months, with “life events” and several projects eating all of my time. Finally, I am nearing the end of my massive efforts (but I still have a long way to go). What this means is… I hope to be able to post more often to the blog. I sincerely appreciate how kind you all have been to me while I have not been able to post all that often recently. You are truly a wonderful group of people.

And, you’ll see in the next several weeks more of what I’ve been up to for you. I have not changed the Logical Forex Indicators in any way, but I have created some things that I will tell you more about later. They have been designed to help you “see patterns” even more clearly, understand how to overcome some of the challenges we face (such as predicting), and many other things. I’ll be announcing these things over a period of time… so that I’m not stuck in a “support mode” and can actually trade more regularly again.

For those of you who are considering getting started, now is the time… as you will have immediate access to these new materials. For those who are currently clients, I will make special private announcements to you during the upcoming weeks. Please be patient… as there are some things I have to do differently for you as a current client. You get special treatment.

A Simple Trade

Now, I wanted to share a simple trade with you from earlier this morning (US/Central). It was a classic forex scalping trade, which happened after a couple of News Events had settled… and the market was beginning to turn around (again) at a critical Market Structure point… while also price was also in a Market Cycle. I’ll talk more about these below… exclusively for those who have purchased the Logical Forex Premium Videos.

Here is what the market structure looked like…

### EUR/USD Market Structure

EUR/USD Market Structure

EUR/USD Market Structure

(You can click the chart image to enlarge it in another window.)

*** TRADE #1

Scalping EUR/USD

Scalping EUR/USD

Price was moving fast, but not too fast. It was obvious what was happening. So, given all the things telling me that it was a good trade to TRY, I did exactly that. As usual, I don’t want to experience stress, so I was ready to exit quickly.

Exit #1

Scalping EUR/USD

Scalping EUR/USD

This really was a fast and simple, no-stress trade.

After having been unable to trade for a few days, I have to tell you… it is ALWAYS a lot of fun for me to trade Logical Forex. The way we can just go with the flow, and take small pip profits with no stress, while continuing to build our accounts… well… it really is a great way to live. And, it’s a lot more fun than some of the things I’ve been doing recently. ;-)

Hey… be sure to check out the special private notes below…

-Greg

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Hold? Exit? No-stress Trading Is MY Choice

Tuesday, February 23rd, 2010

When you enter a trade… how much pressure do you put on yourself by debating whether you should hold or exit? Do you feel the same kind of pressure and the same amount of pressure whether you are in profit or a loss?

For me, I prefer the least amount of stress in EVERY trade. That means… you’ve heard it many times, “in and out quickly, whenever it goes against me”. Now, I know that can be a challenge sometime, especially when you’re applying that to a loss… but is that really any different than a trade in profit? It depends somewhat on your personality and temperament to a certain degree… but… what it REALLY depends on is… your ability to REALLY KNOW YOUR CURRENCY PAIR.

Sure, there WILL be surprises. In fact, I’m going to show you one in just a moment. But, most of the time, it is truly quite easy to “see the same patterns over and over” on a currency pair, and when you see Price interacting with a Logical Forex Magnet Line, and all the rest of the Logical Forex Indicators showing the Decision Points in the market… where professional traders are “hunting”… we CAN know what to do… and when there are surprises… we just… respond accordingly.

So, here was my surprise…

### EUR/USD Market Structure

There have been more of these kinds of trades, it seems, the past several weeks. What I mean is… when I zoom out, and see “price near the top”, I am extremely cautious about entering a buy. I’d usually prefer to see the market structure appear a bit different… you know, I’ve mentioned this many times… but, as I said, it seems quite often recently the market has “taken off” even though the zoomed out perspective shows things “at the top”.

Maybe this is a function of “uncertain economic times”. Whatever. I don’t really care. All I really have to know is… are there any news events that might surprise me? and… can I interpret the Market Flow and the Decision Points with the Logical Forex Indicators. YES! That’s all I need… other than I have to make sure the Market and ME are “in sync”… I’m mentally alert and ready to trade… and the market makes sense to me. Good! It did. Consider taking a trade… making sure that price TELLS you what it IS doing (no predicting!)

EUR/USD Market Structure

EUR/USD Market Structure

(Remember, you can always click the images to see a bigger chart. It opens in a new window. You can close that window to return here.)

*** TRADE #1

I then always wait for price to “do its dance” around the Logical Forex Magnet Lines. Sometimes that dance is a shuffle. Sometimes it is a sprint. Either way, I’m ready… I let price tell me what it IS doing… and I’ve seen these things a million times before (maybe literally) since I’ve practiced and practiced and practiced viewing chart patterns over and over… so that I know my currency pair like my spouse or my best friend.

And, when the price and the patterns make sense to me… I take the trade. No predicting. No over-analyzing. No hesitating. There is only one way in… to click the button on the broker software. There is only one way out… to click button on the broker software. When price goes against me… well, you know.

Yes, there is a bit of discretion. But it is not any kind of guessing. I know my currency pairs. I’ve practiced. I’ve trained myself… pattern matching… mentally… even physically with my “trading finger”. What’s left to do?

Take the trade. There are three basic outcomes. Only three. It will be profitable. It will be a loss. It will be break-even. End of story. Everything else is a matter of “how much”. I DO NOT CONTROL “HOW MUCH”. I DO CONTROL ME.

So, let’s enter…

EUR/USD Scalp

EUR/USD Scalp

Let’s review… now that we have entered the trade… what can happen?

Only three basic things will happen now. Put simply, all I have done is… TRY THE TRADE. That’s it. I don’t know the outcome. I AM somewhat confident that I have taken a trade that will be profitable - not because I’m predicting, or because I’m a prophet, or because my “math says so”. No, I’m only trying the trade… and I entered the trade because the Market Made Sense To Me, given the Logical Forex Indicators showing me the Flow and Decision Points in the market… and my countless hours of practice and real-life experience. It is no different than YOU!

Exit #1

Okay… now I’m in the trade… WHEN DO I EXIT? How long do I hold?… bleh… I can feel my stress building just asking those questions. No! There is no need to do that. ALL profit is good. ANY profit is good. And what makes this SO powerful is… because of how you apply Logical Forex… you can be consistent… and consistently profitable… and it really does “add up quickly”… and best of all… with NO stress.

Let’s see where I exited… consider what YOU would have done…

EUR/USD Scalp

EUR/USD Scalp

So, where would YOU have exited? :-)

I can hear some people… right now… saying “is he crazy?” Perhaps they might be right.. but not about my trading… because my NO STRESS trading works for ME… and I just made around 10 pips net… with, uhm, no stress. No predicting. No over-analyzing. No hesitating.

But… but what about all that POTENTIAL PROFIT I “missed”. Well… how could I have know that at the time I exited? Yes, it is fair to ask… if I know my currency pair so well, couldn’t I have “held on longer”. Well, I suppose so, but, I also know MY tolerances and preferences, too. And they play a large role in ALL of our trading experiences. In other words, some of you would have held longer, and that is OKAY!

For me, I’ll take my no-stress 10 pip net, and get ready for another trade that, well, looks quite similar on the charts… the way the Logical Forex Indicators show me. And, I’ll repeat this process… consistently… have a lot of fun doing it… and eliminate my stress.

And… you do remember… as you build up your equity… you Trade More Lots… one time a day is plenty in many cases… and I can do that in about 20-30 minutes every day. You can too. Yes, you know this too… sometimes I do like to continue trading after my “big trade”, and when I want to do that, I seriously reduce my lot sizes so that I’m not likely to eat up my “big trade profits”.

Logical Forex trading really is simple. Keep it that way. Have fun with it.

-Greg

Can I Start Life Scalping?

Friday, January 29th, 2010

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.

EUR/USD Market Structure

EUR/USD Market Structure

*** 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. :-)

Quick Scalp EUR/USD

Quick Scalp EUR/USD

Exit #1

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. ;-)

Quick Scalp EUR/USD

Quick Scalp EUR/USD

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.

-Greg



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