Another Great Scalping Day!
Today, we experienced some technical difficulties and a recording wasn’t able to be obtained. Instead, we’ve a trade that Senior Trader Matt Miller had taken back on September 22nd, 2011. Matt takes a net +44 pips on the GBPUSD currency! He first takes a short position on the currency as the price is entering the first Sell-Zone on the FxPM™ Matrix. Mistiming this first passive entry, he is stopped-out and loses -12 pips, but is able to get back in and takes three more fills. He takes +6 pips immediately after the price drops, then lets his other two positions ride. Taking note of the 1M time interval on the matrix, he is able to target the 76-level as support and takes +20 pips on one fill, and +30 on the remaining! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
Filed under: Daily Learning Moment
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