Another Great Scalping Day!
Today, We experiences some technical difficulties and were unable to obtain a recording for the day’s trades. However, we were able to look back into the archives and provide a trade from December 7th, 2011 that traders can truly benefit from! In this trade, Senior Trader Josh Wilson trades the GBP/USD currency during the announcement of NIESR GDP Estimate Numbers for the month. Here, he takes a passive position on the currency as it approaches a PIP-ONACCI Wall at the 22 level in the second Sell Zone of the FxPM™ Matrix. Seeing this level as resistance, he loads up with 4 lots, then closes half his position for +6 PIPS each, leaving the other two fills to run. He closes the first of those two fills for +8 PIPS and the remainder for +15 PIPS, netting +35 PIPS altogether in a matter of only two minutes! 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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