Flexible Forex Scalping

I have been posting mostly EUR/JPY trades recently. I had planned on trading the EUR/USD during this session. However, I just never was seeing the setups that I prefer to see using the Logical Forex Scalping System. But, I was seeing good setups on the EUR/JPY…so that’s what I traded.

I took two trades. I’m done for the day. The setups were quite clear, and I was able to take more pips than normal when I’m scalpling forex. As you know, my favorite way to trade is quick-in-and-out, but I will definitely stay in a trade longer (normally using the Logical Forex Groove to tell me when to exit — or stalled price). But, sometimes price moves fast, and other conditions tell me I can safely stay in a trade. It’s not always easy, and it DOES generate a bit more “stress” than I prefer…but they’re still fun trades.

*** TRADE #1

Basic Breakout Style during Up Move

Basic Breakout Style during Up Move

Exit #1

Basic Breakout Style during Up Move

Basic Breakout Style during Up Move

*** TRADE #2

Magnets and Everything Happen Together

Magnets and Everything Happen Together

Exit #2

Magnets and Everything Happen Together

Magnets and Everything Happen Together

I exited this trade because price stalled.

I’ve also mentioned before, that if you can handle the quick “spikes” and “price jitters” of the EUR/JPY, it’s a very profitable currency pair, especially for scalping. If you get in “right”, some moves are absolutely enormous…giving you big profit on simple setups. But, always remember…it’s usually best when scalping forex to take profit “immediately”. You simply can’t lose when you do that!

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