PaxForex closed the third trading week with 1,160 pips in net profits after closing two trading positions; the net profits came from two closed gold short positions while no forex trades were closed during the week. This boosted net profits for May to 5,185 pips.
We had the following five trading recommendations this week:
- Monday, May 19th – GBPUSD May 19th 2014; Short @ 1.6720 and 1.6840; Long @ 1.6825 and 1.6840
- Tuesday, May 20th – USDCHF May 20th 2014; Short @ 0.8885 and 0.8935
- Wednesday, May 21st – EURUSD May 21st 2014; Long @ 1.3720
- Thursday, May 22nd – USDJPY May 22nd 2014; Long @ 101.40
- Friday, May 23rd – Gold May 23rd 2014; Long @ 1,293