Another Great Scalping Day!
Today, Chief Trader Armando Martinez plays his patience card during a slow market and shows traders why a light-volume market doesn’t always respond ideally to technicals, whether on the FxPM™ Matrix or any where else. He portrays his point through 5-Minute charts of both the EUR/USD and GBP/USD Currencies, pointing out that even as these currencies retrace, their retracements are very shallow and there isn’t an opportunity to take many PIPS, unless you are a breakout trader who was already holding his position for most of the session. Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM™ Software and ForexSuccessfulTraders Online Training School.
Tagged with: learning moment
Filed under: Daily Learning Moment
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