Another Great Scalping Day!
Today, we had some technical difficulties and were unable to obtain a recording of today’s trades. We were, however, able to obtain a trade from November 8th, 2011 that traders can truly benefit from! In this trade, Senior Trader Josh Wilson takes a trade consisting of two fills on the EUR/USD currency pair as the price approaches a black PMD in the 15-Minute time frame on the FxPM™ Matrix. The trade is 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. Once the price hits, he is able to take +18 PIPS of profit, netting +28 PIPS altogether! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School. 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
Like this post? Subscribe to my RSS feed and get loads more!