Another Great Scalping Day!
Today, Chief Trader Armando Martinez makes the most he can of an Appetizer trade presented by the EUR/USD currency as it approaches a level of support at a blue PMD in the 5 minute time-frame. Armando determined his trade since the 1 minute PMD’s were still showing momentum to the up side. Armando starts off immediately by setting a very tight stop-loss of -7 PIPS on this active trade, in case the move runs against him. After a few minutes he adjusts the stop-loss to -1 as the trade moves in his favor. A few minutes later the price reached the 1 minute PMD’s on the FxPM™ Matrix and Armando collects +9 PIPS! 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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