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Another Great Scalping Day!

Today Chief Trader Armando Martinez executes an aggressive Long position on GBP/USD – Using the Power V  Trade. In order to manage our risk, we are always using tight stops and precise entries. If the trade does not respond with in a few minute, we normally close the position. On this trade, great entry, but our timing was a few minutes to early and missed the move we were looking for. Its always better to protect yourself and close the position if the conditions in the market change. Great example of exercising discipline and always protecting your capital.

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FxST Scalpers Daily Recap:

Highlights of Top 2 Learning Moments

  • Learning Moment # 1: Chief Trader Armando Martinez executes an aggressive Long position on GBP/USD – Using the Power V  Trade. In order to manage our risk, we are always using tight stops and precise entries. If the trade does not respond with in a few minute, we normally close the position. On this trade, great entry, but our timing was a few minutes to early and missed the move we were looking for. Its always better to protect yourself and close the position if the conditions in the market change. Great example of exercising discipline and always protecting your capital. Video Time line (0:48 -3:17)
  • Learning Moment # 2: Chief Trader Armando Martinez executes a Short position on EUR/USD – Using the Salivator Trade. The market was running very quickly – resulting in an 8 pip loss. It’s very important to always use stop losses and cut your losers quickly. Take note of what the USD/CHF was doing during this move so when next time comes around we can be more precise with our entry.Video Time line (3:18 -4:31)

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