Calm Calendar Week Preserves Capital!-- Ifcn Wk L – Fri- Equity: $1,504.39

This was a turnaround 24-hour interval for many markets. Not many of the ones nosotros were inward - peradventure XAG (silver). We convey had too thence many apparent turnarounds inward silvery that nosotros volition convey to come across $11/oz or greater to convey that confidence.

The swings inward stocks too other uppercase makets this calendar week caused many smashing losses. Due to our volatility adjusted stance, nosotros convey weathered the recent storms quite well.

This isn't a fourth dimension to cash inward one's chips smug, equally prudence is e'er meliorate than beingness overconfident. The coming calendar week does concur smashing potential since the weekly ranges too momentum betoken the possibility of increased profits.

I'm e'er willing to reap practise goodness from marketplace seat confusion.
-----

The week's FirstStrikePlus trades:
  • eur/usd: Long @ 1.2723, stopped at 1.2508 for 215 pip loss.
  • gbp/usd: Long @ 1.5126, halt 1.4615.
  • usd/chf: Long @ 1.2061, stopped at 1.1945 for 116 pip loss.
  • usd/jpy: Short @ 95.39, halt 97.39.
FirstStrikePlus trades volition endure exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit) See consummate rule-set for effective merchandise management.

OneNightStand 11/21/08 entry-
Long Usd/Chf @1.2289, stopped out Fri at 1.2189 for 100 pip loss.
Total loss: $3.88.

Trading concern human relationship equity: $1,454.39.

Silver seat equity: $ 50.00
(Current XAG price: $9.65 – 200 unit of measurement seat average: $9.40)
TOTAL Equity: $1,504.39

A relatively tranquility week. Still non bad considering the violence inward the marketplace.

We'll come across how the Mon morn exits piece of job out.

Joel Rensink
www.infiniteyield.com

PS: To have the FREE! trading rules for the Challenge ($499 value) too the semi-monthly newsletter nigh this challenge, transportation an electronic mail to: newsletter@infiniteyield.com too nation me to which address you lot would similar it sent. Please practise non operate AOL, Hotmail or Yahoo addresses. They've been known to filter out to a greater extent than skillful post than actual spam. Try a Gmail address. It's free, elementary too perfect for traders!

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