Logical Forex Scalping & Trading

I found myself having to be “extra patient” tonight. I guess I was feeling a bit aggressive and wanting to trade. I get that way sometimes…still.

It is CRITICAL though to be patient and LET THE MARKET TELL YOU WHAT IT IS DOING. The Logical Forex Trading System helps you interpret the market and give it a logical structure, with clear reasons when to enter and when to exit. The Patient Forex Scalper is always, well, patient…and smart…and trades with the flow of the market ONLY when the highest probability, low risk, no stress trades setup.

So, I was patient.

A quick glance at the currency pairs of EURUSD and EURJPY gave a CLEAR indication of what to trade. I’ve posted the charts of both currency pairs, zoomed out. I hope it’s obvious why I chose EURJPY, but the EUR/USD actually was something that could be traded, too. I just liked the way the EUR/JPY looked. The Logical Forex Flow was more “structured” to MY eyes…and all of the Logical Forex Indicators were signalling that the setup was good.

### The EUR/USD pair zoomed out

EUR/USD Market Structure Zoomed Out

### The EUR/JPY pair zoomed out

EUR/JPY Market Structure Zoomed Out

Which currency pair looks better for a high probability trade?

I chose the EUR/JPY.

I suppose if you were looking at the trade as more of a “breakout”, then the EUR/USD would have been fine, too…but I was looking more at the overall market structure, the momentum of the price movement, the alignment of all of the Logical Forex Scalping Indicators, and so on.

*** TRADE #1

Everything “came together”…good momentum, good structure, good indicator signals, good setup…and a few other things that my Private Workshop clients know, too.

EURJPY Classic Forex Scalping

Exit #1

This forex chart is a GREAT example of why I exit “quickly”…when price begins to move against me. I have included a few more moments in the chart image so you can see that price did continue up after I exited, and then came tumbling down fast…those fast moves that create stress, and sometimes, particularly with the EUR/JPY, moving so fast it’s hard to exit “fast enough”.

EURJPY Classic Forex Scalping

What you are looking at is a fairly classic trade that I take all the time. You’ve seen it over and over in the blog postings here. And, I’m convinced that if you continue practicing and building up your experience with actual trading, you will do this REGULARLY and CONSISTENTLY on your own. It’s something that CAN be mastered! And you WILL! Keep going!

Okay…pardon me while I shout…

PAY CLOSE ATTENTION TO THE DETAILS OF THESE CHARTS.

Look at EVERYTHING on the charts. I mean EVERYTHING. If you can “see it”, it’s important.

I’m giving you some enormous forex trading strategies here. For those of you new to the Logical Forex Trading System…who have setup a trial (or are a regular client) of the Logical Forex Indicators AND have carefully studied the Online Training Videos, you WILL see many critical aspects of how YOU can trade and scalp forex in these charts. And, for those who have taken the Private One-on-One Online Forex Workshop, you will see further evidence of some of the “tricks” that I showed you.

These charts literally SCREAM the things that you *KNOW* already. You just have to DO them…no hesitation…no prediction. Just do it!

I’m including two zoomed out versions of the charts…one at max zoom out, and the other almost full zoom out. In these charts, you will see that the market has been going down since around midnight (US Central). The ride was rather bumpy. That is quite normal this time of “day” (or night, depending on where you are.) Further, you’ll notice that price has been somewhat “trapped” for the past 4 hours or so. Price is giving us some nice clues.

What all this leads to, along with the things YOU know too from the Training Videos (and especially the private workshop), is that price is setting up a nice Logical Forex Flow Flip. The RIGHT thing to do is…when the “signals and setups all say the same thing”…take the trade…and be ready to exit if price goes against you, and stay in until it does.

That’s exactly what I did. Here are the charts…

### TRADE #1 – MAX ZOOM OUT

EURUSD Forex Scalping Full Zoom Out

### TRADE #1 – ZOOM OUT

EURUSD Forex Scalping Zoom Out

*** TRADE #1

EUR/USD Scalping Forex Freedom

Exit #1

EUR/USD Scalping Forex Freedom

Yes, price continued moving upwards after I exited, but, there are several reasons why I exited. Price “stalled” a bit, particularly in my broker platform quote panel, AND price crossed back through the Logical Forex Groove…two great reasons to exit. Holding on would have made NO SENSE…it would have just made an EASY trade stressful (no fun!), forced me to predict, and other nasty things I do NOT want to do…ever!

So, I took my EXTREMELY calm trade (other than the excitement of the nice profitable move)…and exited with fantastic profits, ALL COMPLETELY STRESS FREE.

And, here’s the best part…you really don’t have to “know that much” to trade this way. You just have to know HOW to do it…and THEN DO IT!

And PLEASE remember this…you do NOT have to catch these “big moves” to make a LOT of money scalping forex. There is a specific plan that make available for free that will show you how to trade forex a certain way (with small pip profits) and accumulate some nice profits and compound your way to wealth. Look at The Secret Forex 4.2 Formula to learn how to trade this simple to implement strategy.

I hope you have had as fun of a “day” trading as I have. I’m definitely done after that 22 pip net profit. These kinds of trades don’t happen all that often, but they HAVE setup nicely two nights in a row for us. Enjoy your new freedom with the Logical Forex Trading System.

Just like what I wrote in my immediately preceeding post, those who have taken the Private Workshop see several reasons to enter this trade. I only took one trade, and that’s all I need. In about 3 minutes, I got about 26 pips profit. Long day.

I’m including a zoomed out view, so you can see that the overall price direction after midnight (US Central) was downward, giving me a sell bias. I sat down to trade a little before 1am (US Central). I was going to wait for the best signals where many things converge…the Logical Forex Flow (obviously), the Logical Forex Magnet Lines, the Logical Forex Phase, the Logical Forex WatchDog…just above everything (and that “trick” some of you know).

Yes, I know that the Logical Forex Phase had just shown some green right as I entered. But, as I mention in the training videos (that come free — even with a trial of the Logical Forex Indicators), when the Phase turns green at certain times, it’s okay to trade…and at others, it’s a warning signal. At ALL times, it’s there to get your attention for you to evaluate what to do, and how to interpret it. And, it’s NOT always necessary to have “all of the indicators firing” at the same time…no more than it necessary for all of the traffic signals to be the “green” before you will leave your house to drive to work.

Anyway, this is ONE of the many things I like about scalping forex…that when conditions are “right”, you can stay in a trade for some extra profit. Look closely, and you see SEVERAL reasons why I was able to hold on a little longer than usual. But, exiting at that first “blip” of price would have been fine, too. Price was moving quite fast on my broker software dealing platform, so I let it run.

### TRADE #1 SETUP – ZOOM OUT

EURJPY Forex Scalpling And More

*** TRADE #1

EURJPY Forex Scalpling And More

Exit #1

EURJPY Forex Scalpling And More

With trading results like this, I still ask myself from time-to-time if Logical Forex is more of a Forex Trading System or a Forex Scalping System…both…a hybrid…neither…What do you think?