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Forex Profit Alert: August 31, 2008

August 31, 2008 · Print This Article

There were four gap trades this week. The USD/JPY gapped down forty-two pips. The EUR/USD gapped up twenty-seven pips. The GBP/USD gapped down twenty-four pips on the open. There was a twenty-four pip gap in the USD/CHF.

The USD/JPY has both a long and short pivot trade. The EUR/USD has a long pending pivot trade. There is a long pending pivot trade for the GBP/USD. The USD/CHF has a pending short pivot trade.

There are no movers trades for tomorrows session.

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Written by Jason Fielder · Filed Under Forex Profit Alerts, Premium Content 
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Comments

2 Responses to “Forex Profit Alert: August 31, 2008”

  1. Angus Phay on August 31st, 2008 10:56 pm

    Whenever there are gap trades, you will highlight them in the commentary for the paid subscribers.

    That is really good, but, however, notice that you dont specify the levels to initiate the normally 2 lots needed…presumbly, you assume the readers to know. It would be useful if you could indicate the levels, so even if we miss the boat, we could follow and rationalise the arguments.

    regards..

  2. Jason Fielder on September 1st, 2008 7:50 am

    Hi Angus,

    Thanks for the email.

    I try and go through an entire gap trade in the videos at least one time a week, most of the time it is on Thursday. There is also the Forex Profit Formula that you have access to as an FX Insider Club member. The Forex Profit Formula outlines all three systems; setup, entry, stop loss, and exit. There are three manuals and three videos sets for you to learn from.

    http://www.foreximpact.com/forex-profit-formula/

    I hope this will help.

    Good trading,
    Jason Fielder

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