EURJPY is an amazing pair for big quick scalps

I don’t believe I’ve posted any of my EURJPY trades recently.

Let’s fix that. :-)

The Logical Forex Indicators, especially the Logical Forex WatchDog, makes trading the EURJPY pair almost child’s play. Sure, one has to be careful for the fakeouts, since the pair can be very jumpy and the spread is larger than on EURUSD…but with the Logical Forex Indicators, the guesswork is eliminated.

I’m not going to comment too much on these trades, as the entries and exits are glaringly obvious (aren’t they?).

Count the pips. It’s been a good half-hour “work day”. I’m done for now, but may trade again in the morning. Whatever I feel like. That’s the beauty of scalping forex for a living.

*** TRADE #1

Scalp Past a Magnet Line - Click to Enlarge

Scalp Past a Magnet Line - Click to Enlarge

Exit #1

Scalp Past a Magnet Line - Click to Enlarge

Scalp Past a Magnet Line - Click to Enlarge

*** TRADE #2

It was an obvious chance for a re-entry after a small retracement.

Quick Re-entry Scalp - Click to Enlarge

Quick Re-entry Scalp - Click to Enlarge

Exit #2

Quick Re-entry Scalp - Click to Enlarge

Quick Re-entry Scalp - Click to Enlarge

*** TRADE #3

I rarely enter this soon after a previous trade, and especially this aggressively. Everything told me that price would be like a heat seeking missile to go to the Logical Forex Magnet line.

Aggressive Scalp - Click to Enlarge

Aggressive Scalp - Click to Enlarge

Exit #3

Yep. Price went straight to the Magnet line, and I wasn’t going to hope that it would go past it, so I immediately exited as soon as it got near the Magnet line. Although it doesn’t show on this chart snapshot, price took a nosedive right around my exit.

Aggressive Scalp - Click to Enlarge

Aggressive Scalp - Click to Enlarge

*** TRADE #4

After that previous trade, I had stepped away, thinking I was done for the day, but when I walked back by the computer, I saw this setting up. Forex scalping is fun. And fast. And fulfilling.

Bounce around a Magnet - Click to Enlarge

Bounce around a Magnet - Click to Enlarge

Exit #4

Bounce around a Magnet - Click to Enlarge

Bounce around a Magnet - Click to Enlarge

I don’t normally take this many trades in one session. But, when the market is behaving in a logical way, like I understand it, I’ll trade it. Since I don’t predict, but only trade probabilities, days like today are a lot of fun…as those probabilities were 100% “right on target”.

Hmmm…I just looked at the chart again for the EURJPY. It’s really setting up nicely with lots of trading opportunities. It looks like I “missed” several trades while writing this post. But, you know what? It doesn’t bother me in the least. I’ve had a pleasant day trading, and I know for a fact that there will be many more pips available for me to take later. :-)

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