How to make 35 pips with great scalping tools from 4X EDGE? - EURJPY SELL TRADE 2014 10 30

VISIT: http://WWW.4XEDGE.COM/LEARN to learn our Counter-Trend Scalping Method *****GET 25% FOR THE LIFETIME OF YOUR ACCOUNT, USE COUPON CODE: youtube_25%off Video Transcript: The following trade occurred around 6pm (UTC). The over-extension of JPY momentum line is already underway in S.T. Barometer Histogram... Checking the forex calendar now. No events scheduled in near future. Back to Histogram. JPY momentum line continues to extend downwards after a brief retracement. Possible pair for trading is any pair with JPY. Let's see the ATR table. Pairs eligible for trading are: USDJPY, GBPJPY, EURJPY, AUDJPY, NZDJPY and CADJPY. Let's freeze the action now and analyze X-Scalper and Metatrader charts. X-Scalper confirms setups for AUDJPY, NZDJPY, CADJPY and hardly for EURJPY. Let's take a look at Metatrader charts. CADJPY and EURJPY are just hitting the pivot levels now. And for AUDJPY, it penetrated the pivot level. When it comes to 1 min ATR, EURJPY has the highest value of the four pairs. Back to X-Scalper. We see that EURJPY has the least extended purple bar of the four pairs. And this is why I choose EURJPY for trading. Open the trade, EURJPY SELL @ 138.05 Set the Stop Loss @ 138.35 Now, let's unfreeze the action. Move the Stop Loss to Break Even level now. Let's fast forward now through the boring part... Boring part ends now. Our target is the Daily Pivot Level. Aqua blue bar is now extending in the opposite direction and reaching the light-red zone. This would be the legitimate end of trade, however if you are an advanced trader, you can leave the trade open until it touches the pivot level. Close the trade now @ 137.70 It came near the pivot level enough.