Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the EUR/USD as the price continues on in a range-bound market. He takes a long active position off the low of the range, and sets a tight stop-loss in case of an unfavorable break-out, then sits back and watches. He isn’t in the trade longer than 5 minutes, and is able to see pretty immediate profits. He takes his +9 PIPS of profit when the price meets the pink PMD in the 1M Time Frame of the FxPM™ Matrix. 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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