Dollar Slammed This Week! Onenightstand Profits!--Ifcn Wk 29 -Fri- Equity: $767.88.
After a volatile beginning, this calendar week the major currencies continued the directions ready terminal week, amongst the dollar losing against all of them.
The Fed asset the same involvement charge per unit of measurement as well as approximately inward the Eurozone increasing theirs-- was a knee-jerk recipe for dollar weakness. Less involvement differential for the dollar-- the dollar loses approximately supporters.
As many are offset to realize, the carry-trade is ane of the largest reasons large coin avidly chases the Forex rabbit then hard. The coming weeks volition enjoin the tale for how large the money-shifting volition get.
Here's this week's recap:
The information below is every bit of Friday's close, June 27, 2008:
Start of calendar week equity: $ 789.67.
OneNightStand Exit(s) on 06/23/08:
None
Completed FirstStrike trades this week:
Total profits: 0 pips
Net losses: 330 pips ($29.77)
OneNightStand 06/27/08 entry(s)
Unrealized Profits: $ 7.98
End of calendar week equity: $ 767.88 (includes unrealized P&L)
Total Loss for Week: $ 21.79 (2.7% weekly decrease)
This was an ok calendar week fifty-fifty though nosotros lost all five FirstStrike trades. Influenza A virus subtype H5N1 pair of them held on for a piece showing that the potential for a sizable movement is all the same inward the offing. Then, on Fri morning, nosotros got iii OneNightStand trades which remained profitable into the close, create for an operate out on Mon morning. Mixed results, only results they are.
Good quote you lot mightiness desire to seat on a gluey banknote close your trading computer--
"It is a truth really for sure that when it is non inward our ability to create upward one's heed what is truthful nosotros ought to follow what is most probable." — Descartes
See you lot adjacent week.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) as well as the semi-monthly newsletter most this challenge, ship an e-mail to: newsletter@infiniteyield.com as well as enjoin me to which address you lot would similar it sent. Please create non role AOL, Hotmail or Yahoo addresses. Nothing personal, only they've been known to filter out to a greater extent than expert post than actual spam. Try a Gmail address. It's free, uncomplicated as well as perfect for traders!
The Fed asset the same involvement charge per unit of measurement as well as approximately inward the Eurozone increasing theirs-- was a knee-jerk recipe for dollar weakness. Less involvement differential for the dollar-- the dollar loses approximately supporters.
As many are offset to realize, the carry-trade is ane of the largest reasons large coin avidly chases the Forex rabbit then hard. The coming weeks volition enjoin the tale for how large the money-shifting volition get.
Here's this week's recap:
The information below is every bit of Friday's close, June 27, 2008:
Start of calendar week equity: $ 789.67.
OneNightStand Exit(s) on 06/23/08:
None
Completed FirstStrike trades this week:
- Eur/Usd: brusque @ 1.5557, stopped out at 1.5617 for a 60 pip loss.
- Gbp/Jpy: brusque @ 211.09, stopped out at 211.99 for a xc pip loss.
- Gbp/Usd: brusque @ 1.9673, stopped out at 1.9733 for a 60 pip loss.
- Usd/Chf: long @ 1.0415, stopped out at 1.0355 for a 60 pip loss.
- Usd/Jpy: long @ 107.90, stopped out at 107.30 for a 60 pip loss.
Total profits: 0 pips
Net losses: 330 pips ($29.77)
OneNightStand 06/27/08 entry(s)
- Eur/Usd: Long @ 1.5769.
- Gbp/Usd: Long @ 1.9896.
- Usd/Chf: Short @ 1.0222.
Unrealized Profits: $ 7.98
End of calendar week equity: $ 767.88 (includes unrealized P&L)
Total Loss for Week: $ 21.79 (2.7% weekly decrease)
This was an ok calendar week fifty-fifty though nosotros lost all five FirstStrike trades. Influenza A virus subtype H5N1 pair of them held on for a piece showing that the potential for a sizable movement is all the same inward the offing. Then, on Fri morning, nosotros got iii OneNightStand trades which remained profitable into the close, create for an operate out on Mon morning. Mixed results, only results they are.
Good quote you lot mightiness desire to seat on a gluey banknote close your trading computer--
"It is a truth really for sure that when it is non inward our ability to create upward one's heed what is truthful nosotros ought to follow what is most probable." — Descartes
See you lot adjacent week.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) as well as the semi-monthly newsletter most this challenge, ship an e-mail to: newsletter@infiniteyield.com as well as enjoin me to which address you lot would similar it sent. Please create non role AOL, Hotmail or Yahoo addresses. Nothing personal, only they've been known to filter out to a greater extent than expert post than actual spam. Try a Gmail address. It's free, uncomplicated as well as perfect for traders!
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