Another Great Scalping Day!
We experienced some technical difficulties as the recording for today was corrupted. Fortunately, we have posted a trade from February 17th, 2012, where Chief Trader Armando Martinez takes a trade for breakeven. In this trade, Armando looks at the GBP/USD currency pair and goes into a bit of detail about his trade-management and his thought-process. He first explains that he is risking half as much as could be rewarded to him on the long position taken. He then talks about setting a tight stop, in case the support level consisting of black PMDs in both the 1-Minute and 5-Minute time-frames of the FxPM™ Matrix breaks through. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
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Filed under: Daily Learning Moment
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