Thursday, January 24, 2008

Forex Challenge: Wk 7 -Thur- Equity: $514.88

---Here is an interesting cartoon---

The forex market seems to have figured out what it wants to do-- for now.

Important looking bottoms have been set by the GBP and EUD pairs since the Tuesday surprise 75 basis point rate cut by the Federal Reserve.

It is doubtful that any OneNightStand trades will be executed, but the orders are placed.

We will recap tomorrow.

Joel Rensink

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: and tell me to which address you would like it sent.

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