The EURJPY is one of my favorite day trading forex pairs. It is so explosive and will do well during the Euro Time Zone, the US Time Zone when I prefer to trading it (being on the West Coast) and one might want to explore it further during the Asian Session as well, although that tends to be a slower session, for the most part. Here’s a chart showing the trade that we called live today during our SST Demo Session.
We looked at some other charts too. The Dow eMini had a nice session. The first trade got us to a risk free position rather quickly and stopped out with a 1 tick gain to cover our commission. The 2nd trade hit full target with position one, but then pulled back hard. Our 3 bar stop had us getting out with our 2nd position. All in all, we picked up +41 points on that one and ended with our Power of Quitting strategy, two wins and a positive result. Tight and controlled trading is what it is all about and that’s how we approach each and every trade session.