Thursday, February 28, 2008

Alpha account is up 22 percent-- --IFCN Wk 12 -Thu- Equity: $593.66

What great action this week!

The account is sitting at $593.66 current equity, including unrealized profits!

This is what the currency markets look like when they want to go somewhere. If the Usd/Jpy short had been entered, we would have had another 250 pips.

FirstStrike trade status this week:

  • Gbp/Jpy: Short @ 210.64, stopped out @ 211.24 for a 60 pip loss.
  • Usd/Jpy: Long @ 107.91, exited @ 107.67 for 24 pip loss
  • Eur/Usd: Long @ 1.4867, stop 1.4807. Currently 300+ pips
  • Gbp/Usd: Long @ 1.9709, stop 1.9649. Currently 150+ pips
  • Usd/Chf: Short @ 1.0836, stop 1.0896. Currently 300+ pips

Also, it looks like a number of OneNightStand trades might get triggered on Friday.

When it rains, it pours.

See you tomorrow. Have a good night.

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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