Thursday, August 14, 2008

Price is the Reality!--IFCN Wk 36 -Thu- Equity: $835.63.

The next time you hear the talking heads starting to rapsodize about how and why the market needs to do this or needs to do that, you are hearing what their sponsors want you to believe.

The only thing you need to believe is the last tick on the monitor. That tick is what determines what price you get if you need to buy or sell.

In forex that reality has been yelling that the dollar is worth a lot more than it used to. Entropy being what it is, that state is likely to remain for a while.

Current equity of Infiniteyield Forex Challenge Account: $835.63.

It seems likely that a number of OneNightStand trades could be triggered Friday.

See you tomorrow.

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, Hotmail or Yahoo addresses. 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!

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