Led by the Spirit? Not Under the Law!

I've been reading Leviticus lately in the OT and several of Paul's letters in the NT.  What a stark contrast.  Leviticus is 27 chapters of do's and don'ts.  Twenty seven chapters of the law.  And if I am understanding Paul correctly, not a bit of it applies to us gentiles who are saved through faith in Christ, unless we volunteer to have it apply to us.. 

Galatians 5:1-6(NKJV)

1Stand£ fast therefore in the liberty by which Christ has made us free, and do not be entangled again with a yoke of bondage. 

2Indeed I, Paul, say to you that if you become circumcised, Christ will profit you nothing. 

3And I testify again to every man who becomes circumcised that he is a debtor to keep the whole law. 

4You have become estranged from Christ, you who attempt to be justified by law; you have fallen from grace. 

5For we through the Spirit eagerly wait for the hope of righteousness by faith. 

6For in Christ Jesus neither circumcision nor uncircumcision avails anything, but faith working through love.

Galatians 5:18(NKJV)

18But if you are led by the Spirit, you are not under the law.

We are to live by faith first, foremost, and exclusively.  Maybe I'm misunderstanding this but it seems to be saying that if we try to conform to the law in any way we are then bound by the law in all things.  In essence we have thrown away the advantage we have in Christ.

Now Paul is very careful to say that our freedom in Christ doesn't give us the right to be lawless.  We just have a much simpler mandate from our Savior.

Galatians 5:13-14(NKJV)

13For you, brethren, have been called to liberty; only do not use liberty as an opportunity for the flesh, but through love serve one another. 

14For all the law is fulfilled in one word, even in this: “You shall love your neighbor as yourself.” £ 

So from here on out, if in doubt, ask yourself one question.  Am I being led by the Spirit?  If so then listen to Him!