EUR/JPY Forex Trading Fun – 3 Minutes, 26 Pips Net

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

EURJPY Forex Scalpling And More

*** TRADE #1

EURJPY Forex Scalpling And More

EURJPY Forex Scalpling And More

Exit #1

EURJPY Forex Scalpling And More

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?

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