Comments on: Is this Forex Scalping, or something much more powerful? http://www.logicalforex.com/blog/forex-scalping-setups/is-this-forex-scalping-or-something-much-more-powerful/ 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/is-this-forex-scalping-or-something-much-more-powerful/comment-page-1/#comment-495 Greg Wed, 26 Aug 2009 22:44:00 +0000 http://www.logicalforex.com/blog/?p=377#comment-495 Well, yes, Benjamin, experience did have some factor in this decision, but you'll notice how strongly price is moving there where I entered. Although I don't remember the specifics of this trade, I can tell you by looking at this chart...the broker quote panel was giving a very clear indication that price had LOTS of powerful movement that was unmistakeable in the quote panel. This is NOT the way that I recommend people trade when first starting with Logical Forex. Always wait for the "best setups"...and as you gain experience...<em>especially</em> as you know your pair more intimately, you have more freedom in the trades you can take...albeit with less probability of success...but often worth the risk. But...the most important thing is...YOU ARE EXACTLY RIGHT...<em>NOT </em> re-entering after a big more <em>IS</em> the Right Thing To Do. Excellent Benjamin! -Greg Well, yes, Benjamin, experience did have some factor in this decision, but you’ll notice how strongly price is moving there where I entered. Although I don’t remember the specifics of this trade, I can tell you by looking at this chart…the broker quote panel was giving a very clear indication that price had LOTS of powerful movement that was unmistakeable in the quote panel. This is NOT the way that I recommend people trade when first starting with Logical Forex. Always wait for the “best setups”…and as you gain experience…especially as you know your pair more intimately, you have more freedom in the trades you can take…albeit with less probability of success…but often worth the risk.

But…the most important thing is…YOU ARE EXACTLY RIGHT…NOT re-entering after a big more IS the Right Thing To Do.

Excellent Benjamin!

-Greg

]]> By: Benjamin http://www.logicalforex.com/blog/forex-scalping-setups/is-this-forex-scalping-or-something-much-more-powerful/comment-page-1/#comment-494 Benjamin Wed, 26 Aug 2009 21:32:14 +0000 http://www.logicalforex.com/blog/?p=377#comment-494 Never would I have dared re-enter the trade after such a big move. I guess this is where experience comes into play ;). Never would I have dared re-enter the trade after such a big move.
I guess this is where experience comes into play ;) .

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