Monday AUgust 8th FX Gaps, page-5

Hi Pinozi, due to spreads, time of entry & how long they stayed open I didn't make much from the AUDJPY & EURGBP gaps - only 8 & 12 pips respectively. I took 15 pips on the GBPUSD gap later in the day when it started to close. I took more on the USDJPY because it opened further than the others - 12 pips on the initial gap position plus 35 pips on a later position I added yesterday when it started to close. Just over 80 pips in total.

Its obviously possible to make more on a regular swing trade, but what attracts me to these gaps is the closure probability being so high, and it being a regular event.

Cheers, Sharks.