Another Great Scalping Day!
Today, Chief Trader Armando Martinez executes an active Long position on GBP/USD using the Salivator Trade™ – resulting +6 Pips in a few minutes. This is the simplicity of FxPM and being able to see exact entry points. Patiently wait for the exact price you want, then immediately execute the trade. Think about it… even if you are a day or swing trader, would you complain about more precise entries and tighter stops?
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Highlights of the Top 2 Learning Moments
- Learning Moment # 1: Chief Trader Armando Martinez explains that even though he had a setup on the EUR/USD previously, because of market conditions he will not let wait for a better entry. A general rule you should implement is NO TRADING 10 minutes before and after news releases. There are many risks when trading near or during economic news events. After 15 years of trading experience, Armando chosese to just hold up on this trade and let it pass because your probability of success decreases during this 20 minute window. Video Time line (0:00 – 1:34)
- Learning Moment # 2: Chief Trader Armando Martinez executes an active Long position on GBP/USD using the Salivator Trade™ – resulting +6 Pips in a few minutes. Notice how accurate the Blue PMD was, allowing Armando to buy the low only risking 5 pips. This is a great example of an active trade setup when trading counter trend and trying to catch the reversal of a trend. Video Time line (1:35 – 2:57)
Tagged with: active trading • agressive trading • forex • forex scalping • forex scalping strategy • forex scalping training • forex strategy • forex trading strategy • forex training • forex training strategy • learn forex • live forex training • Salivator Trade • scalping • trade of the day
Filed under: Daily Learning Moment
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