Another Great Scalping Day!
Today, our technical difficulties continued and we were unable to obtain our session’s recording. Fortunately, we’re able to provide traders a trade from November 8th, 2011 where Senior Trader Josh Wilson takes a trade consisting of two fills on the EUR/USD currency pair as the price comes down to a black PMD in the 15-Minute time-frame of the FxPM™ Matrix. The trade also happens to be a passive one, as Josh is able to take his entry point in the first Buy-Zone. The price immediately retraces, and Josh skillfully shifts his stops to break-even as to eliminate risk on the trade. On one fill, he is able to take +10 PIPS, and on the remaining fill, he targets another black PMD in the 1-Minute time-frame, and once the price hits, he exits with +18 PIPS. 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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