Another Great Scalping Day!
Happy Valentines Day traders! Today, Chief Trader Armando Martinez takes a trade on the EUR/JPY Currency as the price approaches a black PMD in the 15M time frame of the FxPM™ Matrix. He sees it as a level of support and takes two long fills, making sure to minimize the risk on the trade in case the price breaks through the level. He is very patient with this trade and only takes his PIPS once the price meets a pink PMD in the same time frame. In a total of roughly 20 minutes, he sees +9 PIPS of profit off his first fill and +12 on the second! 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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