Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes an active trade on the EUR/USD currency pair during the opening bell. After gauging the general market sentiment and seeing that the price is coming to a PIP-ONACCI Wall on his 5 Minute Chart, he takes two short fills and makes sure to set his stops carefully to minimize risk on the trade in case the price ran against him. He quickly exits his first position with +2 PIPS of profit, then moves his stop to breakeven. Once the price meets the Pink PMD in the 1M Time Frame of the FxPM™ Matrix, he leaves the trade with +11 PIPS of profit! 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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