Archive for the ‘Pondering’ Category

Must be away for a few days. I’m already having withdrawls.

Wednesday, April 1st, 2009

Okay…well…it’s not really “okay”…but…

I’m going to have to take a few days away from forex scalping and my super-fun Logical Forex Trading System…to take care of some other business.

Actually, that “other business” involves you.

I’ve been working diligently for the past month or so to create a way to share everything I know and do with you. It’s almost all ready-to-go now. Be sure you signup for *something*…the annoucement list, this blog notification list…SOMETHING..so I can let you know when it’s all ready and you can enjoy the same kind of lifestyle and profitable trading that I do!

It’s deep in my soul to want to help you become the trader you want to be. Let’s do it.

Old habits MUST die

Thursday, March 26th, 2009

I’ve spent  nearly 30 years in many different consulting and mentoring roles. Many times, I’ve had to be a combination of a savvy business expert and a power-techncial-do-it-myself-engineer.

What this means is…I see everything, and I mean EVERYTHING…in a logical, process-oriented, 1+1 always equals 2 perspective.

But, as you know, the “real world” doesn’t always work that way.

It seems like just about every time I think I have something “figured out”, the rules change somehow.

Of course, I’m not talking about math things, or machine things, or engineering knowledge in general. What seems to be the most unpredictable is PEOPLE…and how they interact with everything.

And, it’s those interactions that so often break what has been so elegantly designed by us “logical folks”.

Drives ya nuts, doesn’t it?

Me too.

But, in forex trading…it’s even MORE frustating.

When I see bunches of numbers…my brain automatically, baesd on many years of “old habits”…sees a “math problem” or a “sequence/pattern to be figured out”.

Uh oh.

Forex doesn’t work that way. Even though it’s “a bunch of continuously changing numbers…that APPEAR to be so ripe for statistical and process analysis…it just doesn’t always work that way.

But, my oh my, does my brain tell me it should.

And, every time I get into that mode…I lose trades.

Has that happened to you? Your “math brain” and all of the little indicators and fib lines and statistical analysis you have performed TELL you what the market is about to do, right?

But, how frequently has that NOT worked for you?

Me to. Old habits MUST die.

Once I learned that forex trading is much more related to quantum physics (you can know when OR where but rarely both in one “measurement”) than to “math”. In fact, forex isnt’ even all that related to gambling, although it looks like it should be…it’s not.

I get into this in much more detail in my 1-on-1 Forex Workshops, but here’s The Trick to becoming profitable quickly in forex trading…

EVERY TRADE…EVERY TRADE…ANYTHING CAN HAPPEN. ANYTHING!

It doesn’t matter what you THINK should happen or might happen. It doesn’t matter what your brain or even your indicators tell you. What matters is…you must without hesitation identify and enter the most high probablity trade setups…exit them properly (even if at a small loss)…and then MOVE ON to the next trade, with little to no emotion, and very low stress.

Now, c’mon! Yo’u're a logical person, Mr. Spok. You don’t have emotions do you. :)

To overcome my “old haibts’, I simply had to stop PREDICTING…and only trading what I see…and then ony trading the most high probability trade setups. Nothing else.

And, just like in real life, even when “I’m right”, but the other person (or the forex market) goes a little crazy for a time, I can deal with it. I know they’ll “get back on track” soon, and I can resume later.

You do that now, don’t you? When youve noticed that a normally somewhat logical person “crazy-fies”…you “go away” and leave them alone and “let them recover”, right? And, if you got burned somehow by their momentary insanity, you “took a break from them for a while”, didn’t you?

And, when you came back, you didn’t immediately just “hit them with the same thing that made them go crazy” last time, I hope.

Ponder on these things a bit. Do you see how similar this is — the way normally logical people behave — and the way the forex market behaves? Do you see why that may be happening? Do you know how to operate in this environment?

If you do, you’ll be a very successful forex trader…and likely will have a much more enjoyable life than you may have ever dreamed possible.

When your brain shifts from PREDICTING to PROBABLITIES, you’re entire perspective of live changes…for the better…in SO many ways.

Now is the right time…

Tuesday, March 24th, 2009

Ok…I’ve been wondering…for a long time.

And, now is the right time it seems, to stop wondering, and start sharing.

I have been trading forex since around 2001 or so. Up until about a year ago, I had mixed success. That’s changed. Now every day is a profitable day. Well…I do still have a few days that go against me, but the losses are minimal, and the gains are large.

I’ve enjoyed a great deal of success scalping forex…using other people’s trading strategies and methods. I’ve been a “good student”.

But…now is the right time it seems.

Quite simply, I want to share with other people how I trade profitably and consistently…with no hesitation, low-stress, and without “thinking”. Sure, I have to concentrate, but I don’t have to “over-analyze” or debate with myself, or any of the other nasty habits that a Logical Thinking Person typically goes through when trading forex, or any other tradable item.

I hope you will explore our primary web site at http://www.LogicalForex.com/ where you will see how I have put this all together for you. I don’t want you to feel like I’m “pushing you” into anything. I’m here to help you…and speed up your ability to achieve your forex trading goals…and show you how to avoid the things that clobbered me while I was learning.

In addition to writing periodic forex articles, I’ll be updating my blog, sharing with you forex trade setups, how to interpret and use the Logical Forex Indicators, and, maybe most important…exploring with you some of the MAJOR Mental Challenges that forex trading (and particularly forex scalping) can take you on.

My primary method involves extremely limited exposure, very short-term trades. Some might call it “forex scalping”, but it’s far superior and advanced than that. Take a look around the main web site, and some of the trade examples I’ll be posting here,and you’ll see that for yourself. I believe it will be very obvious to you how to interpret the Logical Forex Indicators, how to determine the “flow of the market”, and how to quickly enter and exit forex trades profitably and consistently.

I hope to get to know you personally. In addition to the Logical Forex Indicators, and the included Training Videos, I also provide a very personalized 1-on-1 Logical Forex Online Workshop…where I spend time with you to determine things such as your personality, your goals, and several other things, and help you construct a trading style and strategy that works for YOU…to help you become the profitable forex trader you KNOW you can be.

Once again, thank you for visiting me. I invite you to signup to be notified when we update this blog. We promise to not overwhelm you with noise, nor will we ever send you spam. In fact, some of my  postings will be password protected (the best posts!), and the only way to view them is to be on my notification list. Join our Logical Forex Family right now…

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