One Nighttime Stand Upward Trades Successful! -Ifcn Wk 47 – Mon - $1,430.86
After this morning's opened upwards at 00:00 CST, I exited the iv surviving OneNightStand trades from Friday. The summary follows-
OneNightStand 08/24/08 entries:
*eur/usd: Short @1.2728, out at 1.2566 for 162 pips profit
*gbp/jpy: Short @152.82, out at 147.20 for 562 pips profit
*gbp/usd: Short @1.6029, out at 1.5717 for 312 pips profit
*usd/jpy: Short @95.33, out at 93.59 for 174 pips profit
Total ONS Profits: $ 84.70
(Total growth from Friday's equity: $45.50)
Current merchandise equity is: $1,473.86
Special Silver long position:
Silver position equity: (-$43.00 )
(Current XAG price: $9.07 – 100 unit of measurement position average: $9.50)
TOTAL EQUITY: $1,430.86
After all that volatility concluding week, it isn't surprising that at that spot are nevertheless no FirstStrikePlus orders filled this week. I would live on ok amongst none of them getting filled, but it's probable that at to the lowest degree a brace might, the most probable beingness the Usd/Chf trades which are solely 128 pips away from this morning's open. Contrast that amongst the Gbp/Jpy pair which has buy/sell orders spaced to a greater extent than than 1200 pips from the open. Last week's movement inwards the pound/yen was spectacular too had a historically large weekly range. It would live on best if nosotros didn't larn a merchandise inwards that marketplace position until things placidity down.
I idea it would live on instructive to compare concluding week's actual results trading FirstStrikePlus with what the actual arrangement returns would live on exiting on the first-profitable Monday's opened upwards -- which would've been this morning's open. If I had waited till this morning's opened upwards to exit, inwards every instance except 1 – the long Usd/Chf merchandise – at that spot would bring been a substantial growth inwards profits. See below---
Mechanical entry/exit of concluding week's FSP: (*) is improvement over actual results
Eur/Usd: Short @ 1.3367, exited at 1.2593 for 774 pips net income (+212)
Gbp/Jpy: Short @ 174.07, exited at 1.4764 for 2643 pips net income (+896)
Gbp/Usd: Short @ 1.7193, exited at 1.5736 for 1457 pips net income (+354)
Usd/Chf: Long @ 1.1401, exited at 1.1607 for 206 pips net income (-66 )
Usd/Jpy: Short @ 100.95, exited at 93.80 for 715 pips net income (+352 )
Total losses: 0 pips
Total profits: 5795 pips (+1748)
Net profit: $280.95
Total additional hit vs. actual results: $77.89 (38% ameliorate results if I had held to Monday's open)
This is of aeroplane merely 1 example, too it is non probable that we'll see many to a greater extent than weeks similar the concluding one. As mentioned concluding week, amongst the activity nosotros saw- it became to a greater extent than of a run a peril to live on inwards the marketplace position at all. Even though nosotros could bring improved our profits past times staying in, it could bring easily worked out negatively for us.
This calendar week may live on a proficient 1 for reflection. And possibly a fiddling rest.
This weekend I am going to live on inwards Las Vegas for the London Squeeze workshop, Sabbatum Nov. 1st. I am looking forrard to coming together the traders, some who've come upwards from to a greater extent than or less the world. If this trial is anything similar the previous one, it volition live on beneficial for all of us.
Have a proficient evening.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) too the semi-monthly newsletter most this challenge, ship an e-mail to: newsletter@infiniteyield.com too say me to which address you lot would similar it sent. Please produce non purpose AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than proficient postal service than actual spam. Try a Gmail address. It's free, uncomplicated too perfect for traders!
OneNightStand 08/24/08 entries:
*eur/usd: Short @1.2728, out at 1.2566 for 162 pips profit
*gbp/jpy: Short @152.82, out at 147.20 for 562 pips profit
*gbp/usd: Short @1.6029, out at 1.5717 for 312 pips profit
*usd/jpy: Short @95.33, out at 93.59 for 174 pips profit
Total ONS Profits: $ 84.70
(Total growth from Friday's equity: $45.50)
Current merchandise equity is: $1,473.86
Special Silver long position:
Silver position equity: (-$43.00 )
(Current XAG price: $9.07 – 100 unit of measurement position average: $9.50)
TOTAL EQUITY: $1,430.86
After all that volatility concluding week, it isn't surprising that at that spot are nevertheless no FirstStrikePlus orders filled this week. I would live on ok amongst none of them getting filled, but it's probable that at to the lowest degree a brace might, the most probable beingness the Usd/Chf trades which are solely 128 pips away from this morning's open. Contrast that amongst the Gbp/Jpy pair which has buy/sell orders spaced to a greater extent than than 1200 pips from the open. Last week's movement inwards the pound/yen was spectacular too had a historically large weekly range. It would live on best if nosotros didn't larn a merchandise inwards that marketplace position until things placidity down.
I idea it would live on instructive to compare concluding week's actual results trading FirstStrikePlus with what the actual arrangement returns would live on exiting on the first-profitable Monday's opened upwards -- which would've been this morning's open. If I had waited till this morning's opened upwards to exit, inwards every instance except 1 – the long Usd/Chf merchandise – at that spot would bring been a substantial growth inwards profits. See below---
Mechanical entry/exit of concluding week's FSP: (*) is improvement over actual results
Eur/Usd: Short @ 1.3367, exited at 1.2593 for 774 pips net income (+212)
Gbp/Jpy: Short @ 174.07, exited at 1.4764 for 2643 pips net income (+896)
Gbp/Usd: Short @ 1.7193, exited at 1.5736 for 1457 pips net income (+354)
Usd/Chf: Long @ 1.1401, exited at 1.1607 for 206 pips net income (-66 )
Usd/Jpy: Short @ 100.95, exited at 93.80 for 715 pips net income (+352 )
Total losses: 0 pips
Total profits: 5795 pips (+1748)
Net profit: $280.95
Total additional hit vs. actual results: $77.89 (38% ameliorate results if I had held to Monday's open)
This is of aeroplane merely 1 example, too it is non probable that we'll see many to a greater extent than weeks similar the concluding one. As mentioned concluding week, amongst the activity nosotros saw- it became to a greater extent than of a run a peril to live on inwards the marketplace position at all. Even though nosotros could bring improved our profits past times staying in, it could bring easily worked out negatively for us.
This calendar week may live on a proficient 1 for reflection. And possibly a fiddling rest.
This weekend I am going to live on inwards Las Vegas for the London Squeeze workshop, Sabbatum Nov. 1st. I am looking forrard to coming together the traders, some who've come upwards from to a greater extent than or less the world. If this trial is anything similar the previous one, it volition live on beneficial for all of us.
Have a proficient evening.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) too the semi-monthly newsletter most this challenge, ship an e-mail to: newsletter@infiniteyield.com too say me to which address you lot would similar it sent. Please produce non purpose AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than proficient postal service than actual spam. Try a Gmail address. It's free, uncomplicated too perfect for traders!
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