PaxForex did not close any forex trades during the past week, but decided to expand its overall exposure to existing positions; we plan to keep adding to our four currency pairs and one commodity trade during the next week before looking for profitable exit opportunities. Our third-quarter profit stands at 2,240 pips. We currently have thirteen 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 18th – EURUSD August 18th 2014; Long @ 1.3600, 1.3475, 1.3385 and 1.3280
- Tuesday, August 19th – USDCHF August 19th 2014; Short @ 0.8985, 0.9020 and 0.9090
- Wednesday, August 20th – GBPUSD August 20th 2014; Long @ 1.7015, 1.6895 and 1.6645
- Thursday, August 21st – Gold August 21st 2014; Short @ 1,282
- Friday, August 22nd – USDJPY August 15th 2014; Short @ 102.100 and 103.350