Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade after an announcement by the European Central Bank to cut interest rates by a quarter-percent! Armando cautions traders that during markets such as these, it is awfully risky to get involved in a trade because of such a high amount of volatility. In this sallivator trade, he waits for the price to come deep enough into the Buy-Zones on the FxPM™ Matrix, while also meeting a black PMD in the 5M time-frame. Once he takes his long position, the first thing he does is set an emergency stop because the market is moving so fast. Once his stop is set, the price has already moved so fast that he is satisfied with his points and leaves the trade with +12 PIPS of profits! In all, he was in the trade for literally 20 seconds! 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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