Another Great Scalping Day!
Today, Chief Trader Armando Martinez and Certified Trader Josh Wilson speculate on an “under-over” opportunity with the EURUSD currency as the price climbs toward big-figure in the first Sell-Zone on the FxPM™ Matrix. Neither trader is able to capitalize on what ends up being a very short window of opportunity for an entry position, and watch as the price bounces (as anticipated) off a black PMD in the 1M time-frame. After this ideal bounce, over the span of the next twenty minutes, the price meets and breaks lows for the day, finally establishing a new low at a level that could have netted +51 PIPS! Armando admittedly confesses that even professional traders are human and that a trader cannot get down on his or herself for missing an opportunity, as there is always another chance on another day. 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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Filed under: Daily Learning Moment
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