Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a position on the EUR/USD shortly after PMDs in the 1-Minute time frame of the FxPM™ Matrix have come together and flipped direction. He anticipates from this shift that momentum has shifted and takes an active, long position, immediately setting a tight stop-loss in case the price moves against him. Armando adjusts his stop-loss as the price moves favorably and within three minutes, he is out with +8 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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