Pay attention to those price levels, but don’t avoid trading them completely.
Use them much as you would Logica Forex Magnets.
Sometimes you will see some very good trading opportunities develop around psychological "magnet lines" such near price points ending in 00 and 50. Get ready for semi-violent moves at those areas +/- about 5 pips. for example. Let’s say price is going down toward 00 after a decent (maybe even fast) run. as price approaches 00, watch for it to go *slightly* past 00 and go the other direction, or even bounce near the 05 area (or it may go to 95 and then bound).
Pay attention to the Logical Forex Phase indicator, too, as it will often be showing a divergence to price that gives you another clue of whether or not the trade is a decent high probability trade…or not.
Logical Forex is such a simple thing to "see", and it has few "things to decide on". In other words, be careful "piling on" more things to think about when you are making a trading decision. Using "psychological levels" like "00 and 05" will likely create buzzin your brain and throw you into hyperovercrazyanalysis mode. Just trade what you see, and take action when you see it…and stay out when you don’t. If you are "wondering", then don’t trade.
Rememeber…the Logical Forex Trading System is the smart, low-stress way to trade. If you’re experiencing anything other than this, then we need to give you a tune-up. Check out our Premium Forex trading Videos.
