Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes an active position on the EURUSD currency, gauging the market’s reaction during Chairman Bernanke’s speech. He cautions traders to stay out of the markets during speeches as players can often find themselves on the wrong side of serious price action during news events. Here, he takes a long position on the EURUSD (taking three fills), as he anticipates the currency to react positively toward Bernanke’s comments about putting more liquidity in the market. He breaks even on two of the fills and lets the remaining position ride before finally taking +30 points of profit! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
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