This is a great question.

Not just “now”, but ANY time… when the market is not doing what we need it to do, or said differently, it is “misbehaving” or “a little crazy”, I use the same strategy all the time, every time.

First, I reduce my lot sizes. Significantly.

Next, I exit VERY quickly!

All profit is good. ANY profit is good.

Even with “medium probability setups”, I still prefer to see price giving some strong indications that it is going to move with some conviction… some momentum. That allows me to “ride the wave” without price ticking back against me very much.

By doing these things, I can take “lower probability trades” than I usually prefer.

My main focus ALWAYS remains Price interacting with a Logical Forex Magnet Line. I may take more aggressive, lower probability trades, such as when the Logical Forex Flow Lines aren’t “perfectly on the other side of the Spine”. Things like that. There are a few examples of these kinds of trades scattered around on the blog.

Probably the most difficult thing is to not get “hooked” into trading too frequently. Every trade is just a “probability”… and the more trades I take, the more likely I’ll get tired and lose focus… and get sloppy. In a sloppy-choppy market, if I’m sloppy at the same time the market is sloppy-choppy, I might was well go buy lottery tickets. I don’t play the lottery though… so I just stop trading, and wait for better setups.

Today gave some clues that the “summer hibernation” may be ending. I’m hoping the upcoming week will be a little easier to trade. If it’s still “challenging”, that’s okay too, because I’ll adjust accordingly… and so will you, I know.

-Greg

Yep, the market movements have been a challenge for a while. As you know, the “trick” is to trade fewer lots, and look for even better setups. This sometimes reduces the frequency that one trades, so for “forex addicts” (like me), it can seem very slooow at times. When my addiction gets creates an itch that must be scratched, I will take lower probability trades, and I especially will reduce my lot size even more, and get even faster on my exits. This often helps feed my addiction, but more often does little to put money in my pocket so I can feed my face.

The best thing about Logical Forex may be, that with our “intense yet quick interactivity” we have with the market, we know IN AN INSTANT with the Logical Forex Activity Lines and the Logical Forex Flow in particular, when it is reasonable to trade… or not… and can act accordingly. I’m happy we don’t have to draw trend lines, and fibs, and channels and such, and then “hope that it works”. We can just take a glance and our charts, and know if we want to trade or not. That is a very refreshing and low stress way to trade, and it actually allows us to “live life” without having to be tethered to our computers.

Those things that I discuss in the protected video in this post (to which any Premium Video client has access) really do provide a type of “insider tip” on specifically how to enter and exit without predicting or hesitating. That one example where there was no setup at all, yet I still showed a profit…well, if I can do that WITHOUT a setup, you KNOW what you can do when you trade high probability setups!

-Greg

Great videos! Hopefully this will help the frustrated traders out there who are experiencing a very spastic market as of late.

And, the tips in the protected video (for us Premium Video customers) are excellent! These alone are going to help me immensely.

As always, well done…

-Scott