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Forex Profit Alert: July 20, 2008

July 20, 2008 · Print This Article

The USD/JPY gapped down four pips on the open. The EUR/USD gapped up seven pips on the open. The GBP/USD gapped up four pips from last weeks close. The USD/CHF gapped up from the open from last week. All four pairs gapped, but not enough to qualify them for a gap trade.

The EUR/USD and the GBP/USD both should form a new pivot high point at the close of this session. The USD/CHF will trigger a new pivot low. When this occurs we will need to place three new pivot trades.

We currently have four pending pivot trade. 

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Written by Jason Fielder · Filed Under Forex Profit Alerts 
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Comments

4 Responses to “Forex Profit Alert: July 20, 2008”

  1. AYYOUB ALSHATTI on July 20th, 2008 7:34 pm

    hi
    first let me thank you for the information.
    I’d like to know the ratio out of ten trades , how many trades are success? for the three setups.
    thank you again

  2. AYYOUB ALSHATTI on July 20th, 2008 7:37 pm

    hi again
    I also wanted to know if these three setups apply to oil , ng, gold and silver?
    thank you

  3. Jason Fielder on July 21st, 2008 2:14 pm

    Hi Ayyoub,

    Thanks for the email.

    These setups were developed with the Forex in mind; specifically, the four major pairs. So, further research would have to be conducted before I would trade outside of those pairs.

    I hope that this helps.

    Good trading,
    Jason Fielder

  4. Jason Fielder on July 21st, 2008 2:17 pm

    Hi Ayyoub,

    Thanks for the email.

    Ten trades is such a small amount, you need about 400 trades per system to be 95% representative of what has happened in the past will happen in the future.

    However, the gap system is around 89.1% accurate, the pivot system is around 40% accurate, and the movers system is around 40% accurate.

    I hope that this helps.

    Good trading,
    Jason Fielder

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