PaxForex slashed its floating trading losses by one-third over the past trading days and expanded its forex portfolio. Fourth-quarter profits are expected to exceed third-quarter profits for a strong finish to the 2014 trading year. 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-two open trading positions in our portfolio. We had the following five trading recommendations this week: Monday, October 13th – EURUSD...
Should price action for the EURUSD remain inside the 1.2730 to 1.2770 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ 1.2750 Take Profit Zone: 1.3400 – 1.3440 Stop Loss Level: 1.2500 Should price action for the EURUSD breakout above 1.2770 the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.3400 – 1.3440 Stop Loss...
Should price action for the GBPUSD remain inside the 1.6080 to 1.6110 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position 1.6090 Take Profit Zone: 1.5860 – 1.5900 Stop Loss Level: 1.6200 Should price action for the GBPUSD breakdown below 1.6080 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.5860 – 1.5900...
Should price action for the USDJPY remain inside the 105.60 to 106.00 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 105.80 Take Profit Zone: 109.40 – 109.80 Stop Loss Level: 104.00 Should price action for the USDJPY breakout above 106.00 the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 109.40 – 109.80 Stop Loss...
Should price action for Gold remain inside the 1,230 to 1,234 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1,232 Take Profit Zone: 1,200 – 1,204 Stop Loss Level: 1,248 Should price action for Gold breakdown below 1,230 the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1,200 – 1,204 Stop Loss Level: 1,...
