Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a long position on the GBP/USD currency. On this active position, Armando takes careful notice of PMDs in the 1M Time Frame of the FxPM™ Matrix as they close together. He takes his position near big-figure, then watches as the PMDs close and flip direction, indicating a price retracement. When this happens, he feels comfortable exiting his position with the +11 PIPS he’s earned! Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM™ Software and ForexSuccessfulTraders Online Training School.
Filed under: Daily Learning Moment
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