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2012-05-01 Forex School Scalping Strategies


Today, Chief Trader Armando Martinez takes a passive buy position on the EUR/USD after news came out. Armando takes a buy position from a very strong PIP-ONACCI wall support level and quickly protects his position as it was a fast market. The position was taken out at break even with no loss. Later in the session after the market relaxed Armando took a buy on GBP/USD. He watched the 1 minute PMD's and used the 4 hour support level to make his decision. Chief Trader Armando took +9 on half of his position and later collected +15 on the remaining.

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