Thursday, July 10, 2008

This Week was Asleep! --IFCN Wk 31 -Thu- Equity: $709.55

Not a lot of change..  I still periodically think about the cow pictured yesterday.  That's how slow trading has been.

We're still long the Eur/Usd with profits. If we still have profits by the end of trading Friday, we'll be happy to take them. It was a pretty anemic week.

A couple OneNightStand orders have a realistic chance for getting filled, namely-- the Gbp/Jpy and the Usd/Jpy. We'll see what Friday has for us. It would be nice to have some positive “fireworks”.

Current equity is $709.55.

Have a good Friday. I'll recap later on Friday.

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. Please do not use AOL, Yahoo or Hotmail 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!

1 comment:

The Archiphage said...

Looks like we're about to put in the highest weekly close ever on EUR/USD. We know anything can happen at any time in markets, but this action doesn't look like a top to me... looking at the weekly charts, tops seem to be more 'pointy' with a big burst higher and a massive failure which goes on to take out the low of the high bar. I won't be caught wrong for long, but I think we're going to see a new high in the pair before 'reality' reasserts itself.