Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the GBP/USD Currency. In this active trade, Armando takes careful consideration of PMDs in the 1M Time Frame. He stays in the trade for about 11 minutes, being sure to set a stop of -7 PIPS so as to minimize risk. He sees an ideal opportunity to take his profits on the trade when noticing that the PMDs in the 1M Time Frame are closing together and leaves his position with +7 PIPS of profit! 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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