Archive for May, 2009

Easy EURJPY Forex Scalping With Nice Profit

Tuesday, May 19th, 2009

This is a classic Logical Forex Flow Flip setup. Price had been going down for a few minutes, and the indicators showed a nice setup. Patience was important here as the Flow Flips normally do a little “retrace dance” right before they take off in a new direction.

When I entered this trade, I was prepared to bail out quickly (and try again if the setup appeared). Setups that look like Flow Flips often can sometimes be a fake-out, and price will continue in the previous direction. But, this particular setup was giving some good clues that if it did take off, it would be with some momentum.

*** TRADE #1

Forex Scalping Fun

Forex Scalping Fun

Exit #1

Forex Scalping Fun

Forex Scalping Fun

Yes, there were quite a few more pips available for additional profit. But, pay very close attention to how I traded this. I used the Logical Forex Groove, along with the Magnet Lines, to have a calm, no-stress trade, knowing when to enter, how long to say in, and when to exit. I prefer to trade with no stress. :-)

It never bothers me a bit that I “missed more profit”…and I don’t care if I just made 2 pips profit or 20. I just conistently and routinely take my high probability setups, day after day…and if price “takes off” and I’m still in the trade, that’s great, but if I only get 2-3 pips, I’m satisfied with that, too…especially since it’s certain profit, and I’m in and out so fast, there’s no time to feel stress.

Once this really becomes a part of your core mental strategy, and you fully incorporate the Logical Forex core trading strategy…The Secret Forex 4.2 Formula…you will truly be on your way to an incredible trading lifestyle. The basics? Go for small pip profits, in and out quickly (take profit “immediately”, and if price “takes off” then let it run, otherwise exit QUICKLY with a profit)…and then use these profits to build your way into trading HUGE lot sizes…still targeting those small pip profits. It’s about as easy as it gets.

That’s what I’ve done today. I’m done. It’s 20+ pips on a large lot size trade. If you traded 1 full lot, it was a “good day”. If you traded 5 lots, you had a “really good day”. If you traded 10 lots, well…do this every day…small lot sizes or large…and enjoy your account equity building up as if by magic.

EURJPY 24 Pip Profit in about 10 minutes

Friday, May 15th, 2009

I waited for the “newsquake” to finish, and the setup was clear…both on the initial entry, and on the continuation just a few minutes later. I skipped the first potential continuation trade at around 1:11am (US Central) because of several reasons, one of them being that the Logical Forex Groove Indicator was fairly flat.

I’m done for the day…although I may still trade “for fun” using smaller lot sizes.

*** TRADE #1

Continuation after News

Continuation after News

Exit #1

Continuation after News

Continuation after News

*** TRADE #2

Another Continuation Scalp++

Another Continuation Scalp++

Exit #2

Another Continuation Scalp++

Another Continuation Scalp++

Logical Forex Scalping is truly fun!

EURUSD Slow, So Scalped EURJPY

Thursday, May 14th, 2009

The EUR/USD was terribly slow during one of my favorite trading sessions, so I focused on the EUR/JPY. I’m always impressed by how many pips are available on the EUR/JPY…as long as one can avoid being nervous during some of it’s nasty “spikes”.

I’m not going to comment too much on each of these trades. I’m showing you some IMPORTANT CLUES on some of the BEST ways to trade the EURJPY pair. Study these charts carefully, and I’m sure you’ll see some things that will help your trading. Of course, I’m always available to help you in a one-on-one fororex training workshop and I can help you by reviewing your trades and providing some forex coaching on your particular trades, too.

Carefully review these charts, and you’ll see some great tricks on how you, too, can scalp forex for maximum profits with little risk and almost no stress.

*** TRADE #1

Continuation Scalp - Click to Enlarge

Continuation Scalp - Click to Enlarge

Exit #1

Continuation Scalp - Click to Enlarge

Continuation Scalp - Click to Enlarge

*** TRADE #2

Flow Flip Scalp

Flow Flip Scalp

Exit #2

Flow Flip Scalp

Flow Flip Scalp

*** TRADE #3

Near New Session

Near New Session

Exit #3

Near New Session

Near New Session

*** TRADE #4

Another Continuation Scalp

Another Continuation Scalp

Exit #4

Another Continuation Scalp

Another Continuation Scalp

*** TRADE #5

Scalp a Flow Flip

Scalp a Flow Flip

Exit #5

Scalp a Flow Flip

Scalp a Flow Flip

I hope these trades give you some better understanding of what is possible with the Logical Forex Scalping System (well…it’s more of a Forex Trading System since we win ‘big pips” very frequently).

See you again soon!