PaxForex earned 2,495 pips in the previous week as seven trading positions were closed; all for a profit. This marks a very strong start to the fourth-quarter and we expect to add to this performance in coming weeks. Two closed positions were gold trades and we five were currency trades. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our strategy. We currently have twenty-four open trading positions in our portfolio.
We had the following five trading recommendations this week:
- Monday, October 20th – EURUSD October 20th 2014; Long @ 1.3600, 1.3475, 1.3385, 1.3280, 1.3180 and 1.2950
- Tuesday, October 21st – USDCHF October 21st 2014; Short @ 0.8985, 0.9020, 0.9090, 0.9180, 0.9325 and 0.9505
- Wednesday, October 22nd – Gold October 22nd 2014; Long @ 1,267
- Thursday, October 23rd – USDJPY October 23rd 2014; Short @ 102.100, 103.350, 103.900, 105.000, 105.300 and 106.900
- Friday, October 24th – GBPUSD October 24th 2014; Long @ 1.7015, 1.6895, 1.6645, 1.6465 and Short @ 1.6040
