Is this Forex Scalping, or something much more powerful?

Sometimes, it’s just not fair to consider forex trading anything other than, well…fun!

I focused on the EUR/JPY during this session. I’m sure glad I did, as the trades and setups were quite easy to spot, and the momentum was so aggressive, and the entry and exit points so obvious…that I almost feel like I cheated. :-)

I’m definitely done for the day. Count the pips. Wow! It is always so much fun when price moves this way. (It’s fun when I make a big-lot trade on small pip profits too!)

And, remember…although these are “big profit trades”, the only reason I stayed in them as long as I did (instead of for my usual 2-6 pips profit)…is because the momentum of the price action was so strong, and so clear. I’ll take it. :-)

*** TRADE #1

There had been a large downward move, then a rather strong retrace…which often sets up an even stronger move in the original direction. This trade was on the retrace, and the following two are on the continuation of the previous strong downward move.

Mini Flow Flip

Mini Flow Flip

Exit #1

Mini Flow Flip

Mini Flow Flip

*** TRADE #2

Time for the big continuation in the previous downward direction. Of course, I had no idea, nor did I try to predict, that this move would be so strong. But, I jumped in and took it all. :-)

Strong Move in Previous Down Direction

Strong Move in Previous Down Direction

Exit #2

Strong Move in Previous Down Direction

Strong Move in Previous Down Direction

*** TRADE #3

Strong Continuation

Strong Continuation

Exit #3

Strong Continuation

Strong Continuation

The EUR/JPY pair always amazes me.

Have I said anything about forex scalping being fun? :-)

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