Another Great Scalping Day!
Today, Chief Trader Armando Martinez makes the most he can of an opportunity presented by the EUR/USD currency as it approaches a level of support at a black PMD in the 4-Hour time-frame, near the first Buy-Zone of the FxPM™ Matrix. Armando starts off immediately by setting a very tight stop-loss of -3 PIPS on this active trade, in case the move runs against him. After a few minutes he adjusts the stop-loss to breakeven. Armando waits a bit too long to take his points and the price stops him out, but he has already determined his next point of entry and points out two ideal levels that would create good opportunities for another buy-position. 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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