Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes two trades: one long position on the EURUSD and another short position on the GBPUSD consisting of two fills. Armando cautions novice traders that trading multiple currencies simultaneously is not recommended for novice traders. He starts off with an active trade on the GBPUSD and is able to take +22 PIPS of profit off both fills. Between this trade, however, he is also able to take another +6 PIPS on a passive EURUSD trade, where he maneuvers his stop-loss placement around PIP-ONACCI Walls in the 5M and 15M time-frames on the FxPM™ Matrix. Altogether, he nets +28 PIPS 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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Filed under: Daily Learning Moment
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