Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a short position on the EUR/USD currency pair as its price approaches a black PMD in the 1-Minute time frame of the FxPM™ Matrix. He anticipates that the level will hold as resistance and takes a short position with a tight stop-loss if in case the price breaks out in an unfavorable direction. Once he sees some positive PIPS from the trade, he waits for the price to approach the low for the day, then exits with +17 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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