Another Great Scalping Day!
Today, in what was one of the slower market days of the new year, Senior Trader Josh Wilson stayed out of the market and took no trades. We have, however, provided a trade from October 31st, 2011 where Chief Trader Armando Martinez was able to take a total of +19 PIPS on the GBP/USD Currency Pair! Initially, the price runs against his short position and comes awfully close to his stop-loss of -8 PIPS. Paying careful attention to PMDs in the 1M time-frame on the FxPM™ Matrix that are closing together, he takes one more fill. The price then reverses and Armando is able to take +4 PIPS on his first position, and +15 on the remainder! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
Filed under: Daily Learning Moment
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