Thursday, June 19, 2008

Time for a Nap!--IFCN Wk 28 -Thu- Equity: $786.15.

This trading week has been relatively uneventful except for general uncertainty about how inflation should be dealt with in the representative currencies.

The European Central Bank has been making strong comments about how they are particularly concerned about inflation and show willingness to increase their interest rates. That should make some people less willing to be short the euro.

We have a couple of moderate winning trades that are keeping our equity close to unchanged from last week.

These are the week's two remaining FirstStrike entries:
  • Eur/Usd: long @ 1.5444, stop 1.5384. Trade still in progress.
  • Usd/Chf: short @ 1.0424, stop 1.0484. Trade still in progress.
Note: Any FirstStrike trade not stopped out before Friday gets exited on Friday just before 15:00 CST.

Current equity is $786.15.

Have a good morning.

Joel Rensink

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