Comments on: Deep Breath Easy EUR/USD Scalping http://www.logicalforex.com/blog/forex-scalping-setups/deep-breath-easy-eurusd-scalping/ Trading and Scalping Forex The Smart Way - Real Trades and Market Musings Sun, 29 Jan 2012 14:14:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Greg http://www.logicalforex.com/blog/forex-scalping-setups/deep-breath-easy-eurusd-scalping/comment-page-1/#comment-1474 Greg Sun, 31 Jan 2010 22:53:19 +0000 http://www.logicalforex.com/blog/?p=1086#comment-1474 Hmmm... I thought I had covered why I entered fairly well. Maybe not. Let me try again a little differently. This trade is "outside/before" of the regular European market open. However I have found, after watching my "midnight trades" that there is a fairly regular repeating pattern. As I have mentioned elsewhere, there are many times of day to trade, and not all of them "look the same" on the chart. A specific example is this "midnight trade" (US/Central). If you'll look on your charts, you'll see a history of this pattern. My confidence was built in the trade as I mentioned in the post... by the Magnet Lines (of course).. especially the formation of that "smaller Magnet Line" at about the point where I entered. The overall market structure was also nice... "divide the chart". Further, it is also fairly obvious from the zoomed-out chart that "the market is turning"... essentially a form of a Flow Flip. You're right... the Logical Forex Flow Lines are not "beautifully organized" as they appear in most of my trades. And, I don't recommend that "everyone" trades the example exactly as I did here. But, I post some "different looking trades" from time to time to show "different patterns" and especially how one might trade at different times of day. It really is a matter of just experience. Start with the "easy stuff" first... then as you progress, patterns like this become second nature, too... and you'll find there are many ways to trade in all sorts of market conditions. That's normal for ANYTHING we learn or do. It's a lot easier to drive a car in all sorts of different condidtions now, than when compared to when I was a teenager. Then again, I'm still not going to drive in the snow. Not smart for ME, but I'm sure it works well for you in Canada. :-) -Greg Hmmm… I thought I had covered why I entered fairly well. Maybe not. Let me try again a little differently.

This trade is “outside/before” of the regular European market open. However I have found, after watching my “midnight trades” that there is a fairly regular repeating pattern. As I have mentioned elsewhere, there are many times of day to trade, and not all of them “look the same” on the chart. A specific example is this “midnight trade” (US/Central).

If you’ll look on your charts, you’ll see a history of this pattern. My confidence was built in the trade as I mentioned in the post… by the Magnet Lines (of course).. especially the formation of that “smaller Magnet Line” at about the point where I entered. The overall market structure was also nice… “divide the chart”. Further, it is also fairly obvious from the zoomed-out chart that “the market is turning”… essentially a form of a Flow Flip.

You’re right… the Logical Forex Flow Lines are not “beautifully organized” as they appear in most of my trades. And, I don’t recommend that “everyone” trades the example exactly as I did here. But, I post some “different looking trades” from time to time to show “different patterns” and especially how one might trade at different times of day.

It really is a matter of just experience. Start with the “easy stuff” first… then as you progress, patterns like this become second nature, too… and you’ll find there are many ways to trade in all sorts of market conditions. That’s normal for ANYTHING we learn or do. It’s a lot easier to drive a car in all sorts of different condidtions now, than when compared to when I was a teenager. Then again, I’m still not going to drive in the snow. Not smart for ME, but I’m sure it works well for you in Canada. :-)

-Greg

]]> By: Christiger http://www.logicalforex.com/blog/forex-scalping-setups/deep-breath-easy-eurusd-scalping/comment-page-1/#comment-1463 Christiger Sun, 31 Jan 2010 06:10:58 +0000 http://www.logicalforex.com/blog/?p=1086#comment-1463 Hi Greg, The flow lines were all bunched together at the bottom and not 'pretty'. How was this a trade you felt confident doing? In another blog, you said not to trade when the flow lines are bunched up. Yet, just before the top of the hour, they were nicely spaced, and the bounce happened at the magnet line. What was the real deciding factor here when you traded, as the flow was not one of them? Just prior to the hour, the price was at a decision point also, so I am a bit confused. -Chris Hi Greg,
The flow lines were all bunched together at the bottom and not ‘pretty’. How was this a trade you felt confident doing? In another blog, you said not to trade when the flow lines are bunched up. Yet, just before the top of the hour, they were nicely spaced, and the bounce happened at the magnet line. What was the real deciding factor here when you traded, as the flow was not one of them? Just prior to the hour, the price was at a decision point also, so I am a bit confused.
-Chris

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