Historically Profitable Week! -Ifcn Wk 46 – Fri - $1,428.36
In 25 years of currency trading, I produce non recollect a calendar week similar this one.
Even tempering my risk tremendously this terminal week--- the IFCN Challenge Account has done extremely good amongst the straight-line moves inwards most all of the currency pairs favoring the dollar in addition to yen.
It turned out to locomote a keen calendar week to locomote trading FirstStrike Plus. If nosotros were however trading the original FirstStrike model of l pips added to/subtracted from the opened upwards amongst sixty pip stops in addition to alone taking the laid out trade, a duo of the large winners wouldn't direct maintain been taken. When volatility increases, it is best to direct maintain a method that adjusts automatically amongst that volatility. Even if the distance to the halt is a larger pose out than y'all would prefer.
Fortunately, amongst firms similar Oanda allowing y'all to tailor your risk to every bit trivial every bit y'all desire amongst incredibly pocket-sized seat sizes, having a 171 pip halt on the Eur/Usd is non a problem-- 1% risk of a $1200 concern human relationship is $12.00. 700 units of Eur/Usd or .07 cents/pip x 171=$11.97 . So the turn a profit of 562 pips this calendar week inwards the Euro translated to $39.34. Not bad at all for the risk involved.
With the extended moves of Friday, it is obvious that coming out on Th was detrimental to potential profits from the FirstStrike Plus trades. I however would produce the same affair 1 time again inwards a futurity province of affairs due to extreme volatility. With frequent oscillations of hundreds of points upwards or downwardly inwards minutes regardless of currency pair, beingness inwards whatever forex merchandise became to a greater extent than of a risk than a reasonable strategic speculation.
By Mon morning's opened upwards nosotros volition encounter the chance cost for the decision. It could locomote substantial. Nevertheless, nosotros currently direct maintain winning OneNightStand trades to run out on Mon morning.
Here's terminal week's Fri recap:
The information below is every bit of Friday's close, Oct. 24, 2008:
Start of calendar week equity: $1,207.10
OneNightStand Exit(s) on 10/20/08 :
-None-
Completed FirstStrike Plus trades this week:
Total profits: 4047 pips
Net profit: 4047 pips ($203.06+)
OneNightStand 08/24/08 entry(s):
*eur/usd: Short @1.2728
*gbp/jpy: Short @152.82
*gbp/usd: Short @1.6029
*usd/chf: Long @1.1735, stopped out for 100 pip loss.
*usd/jpy: Short @95.33
The to a higher house to locomote exited Mon morning, 00:01 CST
Unrealized Net Profits: $ 32.20
Current merchandise equity is: $ 1,442.36
Special Silver long position:
Silver seat equity: (-$25.00 )
(Current XAG price: $9.25 – 100 unit of measurement seat average: $9.50)
(Weekly full XAG seat equity gain: (-$14.00)
WEEK'S TOTAL EQUITY: $ 1,428.36
Total Gain for Week: $ 221.26
(18.3% weekly increase)
This was a really adept week. I direct maintain gotten a pose out of emails from IFCN watchers/traders who direct maintain had 25% to 100% gains this calendar week due to the FirstStrikePlus trades. I'm really happy for you.
Extraordinary markets brand for extraordinary profits. No doubtfulness at that spot volition locomote those who intend these results are merely due to chance. Research, in addition to trading a really pocket-sized concern human relationship amongst existent coin at Oanda should assistance amongst those beliefs.
On to side yesteryear side week.....
Best wishes, in addition to cheers for all the keen notes of appreciation.
(Side note: Since profitable trading is normally accomplished due to roughly exploitation of human behavior, I am ever interested inwards quirks of human nature. Please read the following:
Aoccdrnig to rcecnet rsecearh, it deosnt mttaer waht oredr the ltteers inwards a wrod are, olny taht the frist in addition to lsat leettr locomote inwards the rghit pclae. Tihs is bcuseae the huamn mnid deos non raed ervey lteter yesteryear istlef, but the wrod every bit a wlohe!)
Interesting! Perhaps person tin ship away figure out how to turn a profit from this form of tendency?
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter nigh this challenge, ship an e-mail to: newsletter@infiniteyield.com in addition to enjoin me to which address y'all would similar it sent. Please produce non role AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than adept postal service than actual spam. Try a Gmail address. It's free, elementary in addition to perfect for traders!
Even tempering my risk tremendously this terminal week--- the IFCN Challenge Account has done extremely good amongst the straight-line moves inwards most all of the currency pairs favoring the dollar in addition to yen.
It turned out to locomote a keen calendar week to locomote trading FirstStrike Plus. If nosotros were however trading the original FirstStrike model of l pips added to/subtracted from the opened upwards amongst sixty pip stops in addition to alone taking the laid out trade, a duo of the large winners wouldn't direct maintain been taken. When volatility increases, it is best to direct maintain a method that adjusts automatically amongst that volatility. Even if the distance to the halt is a larger pose out than y'all would prefer.
Fortunately, amongst firms similar Oanda allowing y'all to tailor your risk to every bit trivial every bit y'all desire amongst incredibly pocket-sized seat sizes, having a 171 pip halt on the Eur/Usd is non a problem-- 1% risk of a $1200 concern human relationship is $12.00. 700 units of Eur/Usd or .07 cents/pip x 171=$11.97 . So the turn a profit of 562 pips this calendar week inwards the Euro translated to $39.34. Not bad at all for the risk involved.
With the extended moves of Friday, it is obvious that coming out on Th was detrimental to potential profits from the FirstStrike Plus trades. I however would produce the same affair 1 time again inwards a futurity province of affairs due to extreme volatility. With frequent oscillations of hundreds of points upwards or downwardly inwards minutes regardless of currency pair, beingness inwards whatever forex merchandise became to a greater extent than of a risk than a reasonable strategic speculation.
By Mon morning's opened upwards nosotros volition encounter the chance cost for the decision. It could locomote substantial. Nevertheless, nosotros currently direct maintain winning OneNightStand trades to run out on Mon morning.
Here's terminal week's Fri recap:
The information below is every bit of Friday's close, Oct. 24, 2008:
Start of calendar week equity: $1,207.10
OneNightStand Exit(s) on 10/20/08 :
-None-
Completed FirstStrike Plus trades this week:
- Eur/Usd: Short @ 1.3367, exited at 1.2805 for 562 pips profit
- Gbp/Jpy: Short @ 174.07, exited at 1.5660 for 1747 pips profit
- Gbp/Usd: Short @ 1.7193, exited at 1.6090 for 1103 pips profit
- Usd/Chf: Long @ 1.1401, exited at 1.1673 for 272 pips profit
- Usd/Jpy: Short @ 100.95, exited at 97.32 for 363 pips profit
Total profits: 4047 pips
Net profit: 4047 pips ($203.06+)
OneNightStand 08/24/08 entry(s):
*eur/usd: Short @1.2728
*gbp/jpy: Short @152.82
*gbp/usd: Short @1.6029
*usd/chf: Long @1.1735, stopped out for 100 pip loss.
*usd/jpy: Short @95.33
The to a higher house to locomote exited Mon morning, 00:01 CST
Unrealized Net Profits: $ 32.20
Current merchandise equity is: $ 1,442.36
Special Silver long position:
Silver seat equity: (-$25.00 )
(Current XAG price: $9.25 – 100 unit of measurement seat average: $9.50)
(Weekly full XAG seat equity gain: (-$14.00)
WEEK'S TOTAL EQUITY: $ 1,428.36
Total Gain for Week: $ 221.26
(18.3% weekly increase)
This was a really adept week. I direct maintain gotten a pose out of emails from IFCN watchers/traders who direct maintain had 25% to 100% gains this calendar week due to the FirstStrikePlus trades. I'm really happy for you.
Extraordinary markets brand for extraordinary profits. No doubtfulness at that spot volition locomote those who intend these results are merely due to chance. Research, in addition to trading a really pocket-sized concern human relationship amongst existent coin at Oanda should assistance amongst those beliefs.
On to side yesteryear side week.....
Best wishes, in addition to cheers for all the keen notes of appreciation.
(Side note: Since profitable trading is normally accomplished due to roughly exploitation of human behavior, I am ever interested inwards quirks of human nature. Please read the following:
Aoccdrnig to rcecnet rsecearh, it deosnt mttaer waht oredr the ltteers inwards a wrod are, olny taht the frist in addition to lsat leettr locomote inwards the rghit pclae. Tihs is bcuseae the huamn mnid deos non raed ervey lteter yesteryear istlef, but the wrod every bit a wlohe!)
Interesting! Perhaps person tin ship away figure out how to turn a profit from this form of tendency?
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter nigh this challenge, ship an e-mail to: newsletter@infiniteyield.com in addition to enjoin me to which address y'all would similar it sent. Please produce non role AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than adept postal service than actual spam. Try a Gmail address. It's free, elementary in addition to perfect for traders!
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