PaxForex closed the second trading week of August with net profits of 400 pips; 300 pips came from a closed gold trade while 100 pips came from our GBPUSD short position. This has increased our third-quarter profit to 2,240 pips. We currently have ten 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 11th – EURUSD August 11th 2014; Long @ 1.3600, 1.3475 and 1.3385
- Tuesday, August 12th – USDCHF August 12th 2014; Short @ 0.8985, 0.9020 and 0.9090
- Wednesday, August 13th – GBPUSD August 13th 2014; Long @ 1.7015 and 1.6895
- Thursday, August 14th – Gold August 14th 2014; Short @ 1,282
- Friday, August 15th – USDJPY August 15th 2014; Short @ 102.100