Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the GBP/USD currency pair late in the London Session. He explains why he chose to go short on the GBP/USD rather than the EUR/USD, pointing out that price position relative to the PMDs on the FxPM™ Matrix is important to consider. In the end, after about 14 minutes in the trade, he exits his position with +4 PIPS of profit, explaining that once PMDs in the 1-Minute time frame have come closer together and shifted direction, it is better to take PIPS when you have them because of the increased chance of a reversal. 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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