PaxForex started the trading month of August with net profits of 80 pips; our USDJPY long position was closed for a net profit of 80 pips. This has increased our third-quarter profit to 1,840 pips. We currently have ten open trading positions in our portfolio and expect to add to them in the coming trading week.
We had the following five trading recommendations this week:
- Monday, August 4th – EURUSD August 4th 2014; Long @ 1.3600, 1.3475 and 1.3385
- Tuesday, August 5th – USDCHF August 5th 2014; Short @ 0.8920 and 0.8985
- Wednesday, August 6th – GBPUSD August 6th 2014; Short @ 1.6795 and Long @ 1.7015 and 1.6895
- Thursday, August 7th – Gold August 7th 2014; Long @ 1,310 and Short @ 1,282
- Friday, August 8th – USDJPY August 8th 2014; Short @ 102.100