Transition Calendar Week Returns Profits! -- Ifcn Wk 53 –Mon- Equity: $1,623.81.

After the “terrible” exercise tidings on Friday, currencies started gaining on the dollar, along alongside XAG too XAU (silver too gold). That helped out the Challenge delineate of piece of occupation organisation human relationship this morn alongside the XAG giving us additional profits, almost creating a launder subsequently all the activity nosotros experienced final week.

When the dollar starts weakening, nosotros could easily offset making large gains from FirstStrike AND the XAG position. Time volition tell.

Here's final week's recap-- every bit of the opened upward of Monday, Dec. 8, 2008: (00:00 CST)

Equity from final Monday's open: $1,631.75.

OneNightStand Exit(s) on 12/8/08 :
-None-
Total ONS Profits: $ -0-

Monday's FSP exits on 12/8/08:
-None- (the official organisation had exits, simply I exited my final iii positions on Friday- run across below)

FSP shut trades calendar week of 12/1/08 through 12/8/08
*eur/usd: Long @ 1.2742, stopped at 1.2585 for 157 pip loss.
*eur/usd: Long @ 1.2848, stopped at 1.2644 for 204 pip loss.
*usd/chf: Short @ 1.2062, stopped at 1.2225. for 163 pip loss.
*gbp/jpy: Short @144.02, exited at 135.75 for 827 pip profit. (pre-emptive exit)
*gbp/usd: Short @ 1.5149, exited at 1.4640 for 509 pip profit. (pre-emptive exit)
*usd/jpy: Short @ 94.38, exited at 92.39 for 199 pip profit. (pre-emptive exit)

Current FSP trades:
-None-
Current FirstStrikePlus trades volition live on exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit) If non exited volition live on held until profitable on a subsequent Monday's open, stopped out or reversed past times adjacent week's positions.

OneNightStand 12/5/08 entry(s):
Short Usd/Jpy @ 92.06, stopped at 93.06 for 100 pip loss.
Short Gpy/Jpy @ 134.10, stopped at 135.10 for 100 pip loss.

Week's full FSP/ONS profits: $ 106.06
Current FSP/ONS trade equity is: $1,573.81

Special Silver long position:
Silver grade equity: $50.00
(Current XAG price: $9.65 – 200 unit of measurement grade average: $9.40)
Weekly full XAG grade equity loss: $114.00

WEEK'S TOTAL EQUITY: $1,623.81.
Total Loss for Week: $7.94
(0.5 % weekly decrease)

Our profits alongside FirstStrikePlus were meaning this week, offsetting the losses inwards our silvery position. When the XAG starts a venture rally the delineate of piece of occupation organisation human relationship could explode inwards value.

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, shipping an electronic mail to: newsletter@infiniteyield.com too enjoin me to which address you lot 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 skilful post than actual spam. Try a Gmail address. It's free, elementary too perfect for traders!

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