By: John Ursus
Here are the updates to trades which were recommended in September.
September 9, 2013– EUR/GBP Signal
This trade was entered on September 9th at 0.8400, but has moved slightly lower after our entry level. This currency pair has floating trading losses of around 60 pips and traders should hold on to their positions as a bounce back into its ascending resistance zone above 0.8500 is expected. Maintain your take profit target of between 0.8525 and 0.8550.
September 16, 2013 – NZD/USD Signal
This trade was entered on September 16th at 0.8225, but experienced anther spike before starting to retreat. This currency pair has floating trading losses of around 40 pips traders are advised to maintain their short positions as this currency pair is expected to further decline into horizontal support around 0.8000. Adjust your take profit target to between 0.8000 and 0.8025.
September 25, 2013 – USD/CHF Signal
This trade was entered on September 25th at 0.9100, but resumed its corrective phase before stabilizing. This currency pair has floating trading losses of around 40 pips and traders are advised to hold on to their long positions as this currency pair is expected to rally back into its descending resistance above 0.9300. Adjust your take profit target to between 0.9325 and 0.9350.
August Update
We had three trading signals in August 2013 and they were all closed with the following results:
GBPUSD Short Signal from August 16th was closed for a profit of 50 pips as the stop loss order was triggered at 1.5600.
EURUSD Short Signal from August 26th was closed for a profit of 200 pips as the stop loss order was triggered at 1.3225.
AUDUSD Long Signal from August 26th was closed for a profit of 600 pips as the adjusted stop loss order was triggered at 0.9500.
Total Profits from our August Signals: 850 pips