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Another Great Scalping Day!

Today, Chief Trader Armando Martinez explains an active trade on GBP/USD which had been trying to break out above big figure several times throughout the morning. Armando takes 9 points on the price action movement after several tries had left him stopped out at break even earlier in the session. This strategy of limiting losses while waiting for profits is a staple of the Forex Successful Traders Micro Profit trading strategy.

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FxST Scalpers Daily Recap:

Highlights of the Top 2 Learning Moments

  • Learning Moment # 1: Chief Trader Armando Martinez explains an active trade on GBP/USD which had been trying to break out above big figure several times throughout the morning. Armando takes 9 points on the price action movement after several tries had left him stopped out at break even earlier in the session. Time line (0:00 – 1:45)
  • Learning Moment # 2: Armando finds a passive entry late in the morning session giving a quick 10 point gain while selling the GBP/USD after the price movement spiked and quickly returned.  Video Time line (1:50 – 3:50)
  • Learning Moment # 3 Armando explains the follow the leader set up on the USD/CHF. This basic set up is an important lesson in understanding price movement and learning how to see and profit from opportunities in the market. Video Time line (3:55 – 13:20)

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Filed under: Daily Learning Moment

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