Forex Profit Alert: July 31, 2008

Tomorrow we have a Movers trade that was triggered by the release of the Non-Farm Payrolls at 8:30 am ET. I trade the Movers system on the EUR/USD due to the small spreads and large volume that is indicative of this pair. Make sure to place your stop loss with your entry order, so that they go into the market together.

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

With the close of this week’s session, we have a possible gap trade this coming Sunday. Make sure that you are there to trade it if a gap occurs.

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