Sunday, March 9, 2008

End of Week Recap -- IFCN Wk 13 -Fri- Equity: $633.02

Quite a week.

I was amazed that I ended up profitable even though I had 5 losses in FirstStrike. The OneNightStand exits on Monday helped a lot. Position sizes were up enough that the profits were sizable. They made the extra equity that FirstStrike used up immediately.

Also, the SureBreakout trade added a well appreciated 80 extra pips!

Of the four OneNightStand trades taken Friday morning, 3 stopped out pretty quickly. One stayed viable, the Gbp/Usd and is held over the weekend for exit on Monday morning.

At least we are getting some activity in the account.

This week's Alpha account trading recap:
Start of week equity: $623.28

Completed FirstStrike trades:

  • Eur/Usd: Short @ 1.5162, stopped out for 60 pip loss
  • Gbp/Jpy: Short @ 204.25, stopped out for 70 pip loss
  • Gbp/Usd: Short @ 1.9808, stopped out for 60 pip loss
  • Usd/Chf: Long @ 1.0392, stopped out for 60 pip loss
  • Usd/Jpy: Short @ 102.66, stopped out for 60 pip loss

Total of 310 pips in losses.
Total of 0 pips in profits.
OneNightStand Exit(s) on 03/03/07:
  • Exited short gbp/jpy @ 204.61 for 333 pips profit
  • Exited short usd/chf @ 1.0339 for 145 pips profit
  • Exited short usd/jpy @ 103.08 for 149 pips profit

OneNightStand 03/07/08 entries:
  • eur/usd: Long @1.5406, stopped out @ 1.5351 for 55 pip loss.
  • gbp/usd: Long @2.0141, unrealized loss of 7 pips
  • usd/chf: Short @1.0210, stopped out @ 1.0265 for 55 pip loss.
  • usd/jpy: Short @102.45, stopped out @ 103.00 for 55 pip loss.
EXTRA trade- SureBreakout trade!
Gbp/Usd: Short @ 1.9812, stop 1.9878. Profit Target= 1.9732
Profit: 80 pips
Unrealized P&L:        $        (.75)-
End of week equity: $ 633.02 (includes unrealized P&L)
Total Gain on Week:  $     9.74 (1.5% weekly increase)

See you Monday!

Joel Rensink

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