How Far Do Forex Magnet Lines Extend?

When there is clear market structure, you can often “see” a Logical Forex Magnet Line “extend” past the point where it no longer draws on the chart. Even though this has happened, I still pay attention to ANY Magnet Line that is “on my chart”.

### EUR/USD Market Structure

EURUSD Forex Scalping Market Structure

EURUSD Forex Scalping Market Structure

You’ll notice that we are at a definite Decision Point in the market. Remember… you determine Decision Points from the Market Structure and certain cycles (as described in detail in the Logical Forex Premium Video Course).

Now, even though price isn’t interacting directly with a Magnet Line, it is still doing so “in the same area”. I cover more of this in the video.

*** TRADE #1

The entry mark on the chart is a bit off. I couldn’t seem to find a good spot to mark the chart here to reflect where I entered. Sometimes it’s hard to match these things up on NinjaTrader. It is often easier to “see” in the later chart when more details of price movement are drawn. You can tell the basic area most any time, though, by simply “visualizing a line” from the arrow to the price line intersection, and generally be fairly close to the entry point.

Scalping Forex EUR/USD Quickly

Scalping Forex EUR/USD Quickly

Exit #1

Scalping Forex EUR/USD Quickly

Scalping Forex EUR/USD Quickly

Here are the details in video…

scalping forex eurusd
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The forex market ended up moving a little more “smoothly” this morning (US/Central). I hope this is an indication that the market is over it’s recent hibernation. I still encourage you to be patient and take the highest probability trades. I know it can seem “slow” at times, but remember that it is YOUR hard earned money you are trading… and don’t let your other needs or enthusiasm push you to taking trades that are not likely to produce the outcome you want… consistently profitable trading!

-Greg

4 Responses to “How Far Do Forex Magnet Lines Extend?”

  1. Greg says:

    The most critical thing to identify in a Continuation trade is making sure the Logical Forex Phase is properly setup. I also cover this both in the Quick Start Training Videos (as part of the trial, too) and also in the Logical Forex Premium Videos.

    You are doing well, Christiger! You are becoming more consistent all the time. It’s probably a good time to go through another several “sessions” with Market Replay as I show you in the Premium Videos to continue “locking in” what you ALREADY KNOW and are making a deeply integrated part of YOU. Yay Chris!

    -Greg

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