Dollar Finally Gets Chance to Prove how Strong It Really Is! IFCN Wk 41 –Fri– Equity: $1341.49

This was a very good week. Any week you can survive financially intact with extreme divergent motion is a raging success. 

FirstStrike held its own despite losing on 4 of the 5 entries with a small overall loss because of diminished size on the Gbp/Jpy winning trade.

A bright spot was the IFCN silver purchase of 100 units (ounces) of silver at 10.75. The trade was indeed fortunate in timing. It should be a great trade even if I had entered $.50 to $1.00 higher.

No OneNightStand trades got triggered Friday, thank goodness.

Here's the week's recap:

The data below is as of Friday's close, Sept. 19, 2008:

Start of week equity: $1,174.29

OneNightStand Exit(s) on 09/15/08 : 
-None-
Total Profit: $ 0.00. 

Completed FirstStrike trades this week:
-Eur/Usd: Long @ 1.4439, stopped out at 1.4379 for a 60 pip loss.
-Gbp/Jpy: Short @ 190.21, stopped out at 187.36 for a 285 pip profit. (50% Trail option) 
-Gbp/Usd: Long @ 1.8086, stopped out at 1.8026 for a 60 pip loss.
-Usd/Chf: Short @ 1.1090, stopped out at 1.1150 for a 60 pip loss.
-Usd/Jpy: Short @ 105.38, stopped out at 105.98 for a 60 pip loss.
Total losses: 240 pips 
Total profits: 285 pips 
Net gain: 45 pips ($11.80) Dollar loss due to smaller position on higher risk Gbp/Jpy trade 

OneNightStand 08/29/08 entry(s): 
-None-

End of week systems' equity: $1,162.49 (includes unrealized P&L) 

(Special Silver long position: 100 oz. @ 10.75 on 9/17/08. Stoploss @ 10.25. Friday close @12.54.) Silver Equity gain: $179.00.

WEEK'S TOTAL EQUITY: $1341.49 
Total Gain for Week: $167.20 (14.2% weekly increase) 

We'll see if the bad news tapers down next week. The IFCN account is now up 168% in just 41 weeks, or 213% annualized. That could cut a couple years off the trade time to my goal.

We enjoy the good times but are always wary.  Difficult times are never that far away when you are a trader. You only have to wait a little while.

Joel Rensink 
www.infiniteyield.com 

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