Week 3 -Sat- $580.41 Total equity.

 It turned out to be a great trading week. It was one of the rare times that a holiday week is an impulse week. The only thing I can say in addition is – what all traders say after a week like this – it would have been great to have more size on. As it was, I can't complain.

On Monday, I exited Friday's ONS trade in USD/JPY for a profit. Then got short GBP/USD, GBP/JPY and got stopped out on both trades for total losses of 119 pips.

On Wednesday, I went long EUD/USD and short USD/CHF. These trades took off an never backed up from entry.

Thursday, I got triggered on the long USD/JPY trade and quickly got stopped out for a 56 loss. My only real regret is that the short USD/JPY trade to the downside wasn't triggered instead of that quick knife jab up to get us hooked long with the stop out.  The short trade for the week would have been a great one and would've significantly added to our bottom line.

None of the potential OneNightStand trades executed on Friday as we suspected.

This week's Alpha account trading recap:
Start of week equity: $ 533.65
Completed trades:

EUR/USD: BUY 1.4437,  -exited bulk of position on Friday- 278 pip profit.
GBP/USD: SELL 1.9789, stop 1.9849. -stopped out 60 pips loss
USD/JPY: BUY 114.53, stop 113.97. -stopped out 56 pips loss
USD/CHF: SELL 1.1503, -exited bulk of position on Friday- 234 pip profit.
GBP/JPY: SELL 225.69, stop 226.28. -stopped out 59 pips loss
Total of 175 pips in losses
Total of 512 pips in profits

OneNightStand Exit(s) on 12/24/07 :
USD/JPY: Bought @ 113.60 on 12/21/07 - exited @ 114.09. - 49 pips profit.
OneNightStand 12/28/07 entries:  -None-

End of week equity:   $ 580.41 (includes unrealized P&L)
Total Gain on Week:  $ 46.76(+) (8.7% increase)
Unrealized P&L:        $ 12.32 (+) Trailing 250 units of long EUD/USD and 250 units of short USD/CHF from their FirstStrike entries with breakeven stops. Will discuss this “Free Trade” situation next week.

See you Monday!
Best wishes on your new year!

Joel Rensink
www.infiniteyield.com

PS: To receive the FREE! trading rules for the Infiniteyield Forex Challenge ($499 value) and the semi-monthly newsletter about this challenge, send an email to: newsletter@infiniteyield.com and tell me which address you would like it sent to.