Dollar Takes A Hitting Despite Skillful News! --Ifcn Wk 31 -Fri- Equity: $729.65
Eur/Usd jumped to new weekly highs afterwards the information on exports together with imports was released. And, although the information released was genuinely fairly bullish for the dollar, the dollar dropped heavily against all major Forex currencies because of solvency concerns for Fannie Mae together with Freddie Mac agencies.
Ben Bernanke is testifying to the the US Senate side past times side Tuesday, July 15th, for a semi-annual set out of Fed concerns, policies together with aspirations. This could move pregnant for side past times side week's moves.
The information below is every bit of Friday's close, July 11, 2008:
Start of calendar week equity: $730.43
OneNightStand Exit(s) on 06/07/08 :
-None-
Completed FirstStrike trades this week:
Total profits: 230 pips
Net losses: forty pips (-$2.33)
OneNightStand 07/11/08 entry(s)
*Eur/Usd: long @ 1.5911. To move exited Mon morning, 00:00 CST.
Unrealized Profits: $ 1.55
End of calendar week equity: $729.65.(includes unrealized P&L)
Total Loss for Week: $ .78 ( 0.1% weekly decrease)
This was genuinely quite an amazing week. I would never bring expected to move virtually unchanged afterwards the agency this calendar week started.
With petroleum prices swinging every bit they are together with the worries close authorities mortgage agencies failing, yous larn large moves that exam a trader's mettle.
Next calendar week should move interesting simply because of the activity nosotros saw this week.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) together with the semi-monthly newsletter close this challenge, ship an e-mail to: newsletter@infiniteyield.com together with nation me to which address yous would similar it sent. Please create non purpose AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than proficient ship service than actual spam. Try a Gmail address. It's free, elementary together with perfect for traders!
Ben Bernanke is testifying to the the US Senate side past times side Tuesday, July 15th, for a semi-annual set out of Fed concerns, policies together with aspirations. This could move pregnant for side past times side week's moves.
____________________
Here's the week's recap:The information below is every bit of Friday's close, July 11, 2008:
Start of calendar week equity: $730.43
OneNightStand Exit(s) on 06/07/08 :
-None-
Completed FirstStrike trades this week:
- Eur/Usd: long @ 1.5691, exited Fri at 1.5921 for a 230 pip profit.
- Gbp/Jpy: curt @ 211.23, stopped out at 212.13 for a 90 pip loss.
- Gbp/Usd: curt @ 1.9717, stopped out at 1.9777 for a 60 pip loss.
- Usd/Chf: curt @ 1.0251, stopped out at 1.0311 for a 60 pip loss.
- Usd/Jpy: long @ 107.75, stopped out at 107.15 for a 60 pip loss.
Total profits: 230 pips
Net losses: forty pips (-$2.33)
OneNightStand 07/11/08 entry(s)
*Eur/Usd: long @ 1.5911. To move exited Mon morning, 00:00 CST.
Unrealized Profits: $ 1.55
End of calendar week equity: $729.65.(includes unrealized P&L)
Total Loss for Week: $ .78 ( 0.1% weekly decrease)
This was genuinely quite an amazing week. I would never bring expected to move virtually unchanged afterwards the agency this calendar week started.
With petroleum prices swinging every bit they are together with the worries close authorities mortgage agencies failing, yous larn large moves that exam a trader's mettle.
Next calendar week should move interesting simply because of the activity nosotros saw this week.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) together with the semi-monthly newsletter close this challenge, ship an e-mail to: newsletter@infiniteyield.com together with nation me to which address yous would similar it sent. Please create non purpose AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than proficient ship service than actual spam. Try a Gmail address. It's free, elementary together with perfect for traders!
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