The Trend..., Is! -- Ifcn Wk 52 –Tue- Equity: $1,549.88.
After Monday's opening in addition to the taking of a brace of profits from Sterling dominated trades – the Pound promptly started falling decisively, triggering the FirstStrike Plus sales of gbp/usd in addition to the gbp/jpy. At the same time, nosotros received a novel sale inwards usd/jpy seen below.
While these profitable trades were stacking up, the XAG seat took a lot of heat, argent dropping $1.00/oz from Friday's close. Just when yous idea it mightiness survive safer to survive inwards the markets....
About the serious profits we've logged inwards the IFCN “challenge” accout--- we're apparently non alone.
According to Parker Global Strategies LLC., Foreign-exchange funds had their biggest monthly returns inwards Oct since 2003.
John W. Henry International Foreign Exchange Program of Boca Raton, Florida, was the top-performing fund inwards October, gaining 32.7 percent.
Parker Global farther went on to say, “The calendar month saw a continuation of the dollar appreciation due to a combination of a flying to security out of risky emerging-market currencies in addition to into the stable dollar in addition to the hoarding of liquidity past times USA banks, creating a vacuum of dollars.”
Most of the funds that Parker Global follow gained inwards October, alongside 46 of 71 programs reporting positive results in addition to 25 posting losses. They added an interesting footnote: funds which are by in addition to large based on reckoner models gained 3.02 percent, patch discretionary traders, were upwards simply 1.43 percentage equally a group.
That likely has to produce alongside the “surprise factor” which semi-mechanical methodologies profits from.
As a personal side note: John Henry, patch using numerous mechanical methodologies, also uses a fair amount of discretion concerning how much size he trades. Hence, his larger than normal returns.
I congratulate JH on his success. Since he is the consumate tendency follower, he acre was selling the Euro in addition to Pound Sterling at the same fourth dimension nosotros were.
----
The week's electrical current FirstStrikePlus trades:
Trading work concern human relationship equity: $1,509.88
Silver seat equity: $40.00
(Current XAG price: $9.60 – 200 unit of measurement seat average: $9.40)
TOTAL Equity: $1,549.88.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter most this challenge, shipping an e-mail to: newsletter@infiniteyield.com in addition to tell me to which address yous 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 skillful shipping service than actual spam. Try a Gmail address. It's free, unproblematic in addition to perfect for traders!
While these profitable trades were stacking up, the XAG seat took a lot of heat, argent dropping $1.00/oz from Friday's close. Just when yous idea it mightiness survive safer to survive inwards the markets....
About the serious profits we've logged inwards the IFCN “challenge” accout--- we're apparently non alone.
According to Parker Global Strategies LLC., Foreign-exchange funds had their biggest monthly returns inwards Oct since 2003.
John W. Henry International Foreign Exchange Program of Boca Raton, Florida, was the top-performing fund inwards October, gaining 32.7 percent.
Parker Global farther went on to say, “The calendar month saw a continuation of the dollar appreciation due to a combination of a flying to security out of risky emerging-market currencies in addition to into the stable dollar in addition to the hoarding of liquidity past times USA banks, creating a vacuum of dollars.”
Most of the funds that Parker Global follow gained inwards October, alongside 46 of 71 programs reporting positive results in addition to 25 posting losses. They added an interesting footnote: funds which are by in addition to large based on reckoner models gained 3.02 percent, patch discretionary traders, were upwards simply 1.43 percentage equally a group.
That likely has to produce alongside the “surprise factor” which semi-mechanical methodologies profits from.
As a personal side note: John Henry, patch using numerous mechanical methodologies, also uses a fair amount of discretion concerning how much size he trades. Hence, his larger than normal returns.
I congratulate JH on his success. Since he is the consumate tendency follower, he acre was selling the Euro in addition to Pound Sterling at the same fourth dimension nosotros were.
----
The week's electrical current FirstStrikePlus trades:
- gbp/usd: Short @ 1.5149, halt 1.5420. Trade inwards progress.
- eur/usd: Long @ 1.2742, stopped at 1.2585 for 157 pip loss.
- gbp/jpy: Short @144.02, halt 146.90.Trade inwards progress.
- usd/chf: Short @ 1.2062, halt 1.2225. Trade inwards progress.
- usd/jpy: Short @ 94.38, halt 95.51. Trade inwards progress.
Trading work concern human relationship equity: $1,509.88
Silver seat equity: $40.00
(Current XAG price: $9.60 – 200 unit of measurement seat average: $9.40)
TOTAL Equity: $1,549.88.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) in addition to the semi-monthly newsletter most this challenge, shipping an e-mail to: newsletter@infiniteyield.com in addition to tell me to which address yous 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 skillful shipping service than actual spam. Try a Gmail address. It's free, unproblematic in addition to perfect for traders!
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