Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the AUD/USD currency pair. The position itself is an active one, and Armando takes particular notice of PMDs in the 1-Minute time frame of the FxPM™ Matrix as they come closer together, indicating a shift in momentum. He takes the long position and immediately sets a stop-loss to allow for a maximum possible loss of -7 PIPS. Once he sees enough pips to feel comfortable with it, he adjusts his stop-loss to breakeven, thus eliminating all risk on the trade! Shortly thereafter, he exits the position with +11 PIPS of profit! 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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