PaxForex started June with net profits of 60 pips on five closed trades; three were closed for a gross profit of 150 pips and two were closed for a loss of 90 pips. This has increased our trading profits for the second-quarter to 9,510 pips. We expect our pace of profits to increase throughout June. We had the following five trading recommendations this week: Monday, June 2nd – USDCHF June 2nd 2014; All USDCHF closed for a net profit of 35 pips Tuesday, June 3rd – EURUSD June 3rd 2014; Long @ 1.3720 and 1.3605...
Should price action for the EURUSD remain inside the 1.3530 to 1.3580 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3540 Take Profit Zone: 1.3870 – 1.3910 Stop Loss Level: 1.3470 Should price action for the EURUSD breakout above 1.3580 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.3870 – 1....
Should price action for Gold remain inside the 1,260 to 1,263 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1,264 Take Profit Zone: 1,243 – 1,246 Stop Loss Level: 1,274 Should price action for Gold breakdown below 1,260 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: 1,243 – 1,246 Stop...
Should price action for the USDJPY remain inside the 101.90 to 102.20 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 102.00 Take Profit Zone: 102.70 – 102.90 Stop Loss Level: 101.70 Should price action for the USDJPY breakout above 102.20 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: 102.70 – 102....
Should price action for the GBPUSD remain inside the 1.6950 to 1.6990 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1.6970 Take Profit Zone: 1.6730 – 1.6800 Stop Loss Level: 1.7080 Should price action for the GBPUSD breakdown below 1.6950 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: 1.6730...
