Forex Signal Updates- Oct. 29, 2013

John Ursus

By: John Ursus

Here are the updates to trades which were recommended in October.

October 7th – GBP/USD Signal

This trade was entered on October 7th at 1.6150, and has since then started to correct in several volatile sessions. This currency pair has floating trading profits of over 75 pips and traders should adjust their stop loss order to 1.6100 for guaranteed profits of 50 pips from this trade.

GBPUSD Signa 102913

October 14th – EUR/USD Signal

This trade was entered on October 14th at 1.3600, but moved consistently higher until our trade hit its stop loss target and was closed for a total loss of 100 pips. Traders who have not closed their trades yet should enter new short positions above 1.3800 and adjust their take profit orders to 1.3700 for all open short positions.

EURUSD Signal 102913

October 21st – AUD/USD Signal

This trade was entered on October 21st at 0.9725, and has started its correction. This currency pair has floating trading profits of over 200 pips and traders should adjust their stop loss orders to 0.9525 for guaranteed profits of 200 pips from this trade.

AUDUSD Signal 102913

September Update

We had three trading signals in September and they were all closed with the following results:

EURGBP Long Signal from September 9th was closed for a profit of 150 pips as the stop loss order was triggered at 0.8550.
NZDUSD Short Signal from September 16th was closed for a profit of 0 pips as the stop loss order was triggered at 0.8225.
USDCHF Long Signal from September 29th was closed for a profit of 25 pips as the adjusted stop loss order was triggered at 0.9125.
Total Profits from our September Signals: 175 pips

August Results

We had three trading signals in August 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

Our total profits for August as well as September equal 1,025 pips with six recommended signals which were all closed for profits. We currently have one closed trade in October for a loss of 100 pips and two open trades for guaranteed profits of at least 250 pips.

About the Author
John Ursus
Professional trader and technical analyst with over one decade of experience. John believes that being a successful trader means you have to be in the minority and defy what is popular. Trading is an art form and not science and there are more myths about trading than there are successful traders.
Currency Pairs:
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