Don't be surprised if the dollar gains a little strength in the near future.
Here is the recap of our trading week--
The data below is as of Friday's close, April 18, 2008:
We had no OneNightStand trades executed on Friday.
Start of week equity: $ 759.67
Completed FirstStrike trades:
- Eur/Usd: long @ 1.5757, exited Friday @ 1.5807 for 50 pip profit.
- Gbp/Jpy: short @ 198.19, stopped out @ 199.09 for a 90 pip loss.
- Gbp/Usd: long @ 1.9764, stopped out @ 1.9704 for a 60 pip loss.
- Usd/Chf: short @ .9987, stopped out @ 1.0047 for a 60 pip loss.
- Usd/Jpy: short @ 100.41, stopped out @ 101.01 for a 60 pip loss.
Total of 50 pips in profits.
Net loss: 220 pips
OneNightStand Exit(s) on 04/14/08:
-None-
OneNightStand 04/18/08 entries:
-None-
Unrealized P&L: $ 0.00
End of week equity: $ 747.51 (includes unrealized P&L)
Total Loss on Week: $ 12.16 (1.6% weekly decrease)
Another moderate losing week. These drawdowns seem to last awhile when you are enduring them.
We will endure.
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 to which address you would like it sent. Please do not use AOL or Yahoo addresses. Nothing personal, but they've been known to filter out more good mail than actual spam. Try a Gmail address. It's free, simple and perfect for traders!
No comments:
Post a Comment