Monday, November 17, 2008

The Calm!-- IFCN Wk 50 –Mon- Equity: $1,479.31

The currency markets are in a self-imposed quagmire. That's fine.
If they calm down enough, when they start moving again, the potential for gain is much greater.

The week's current FirstStrikePlus trade:
  • Eur/Usd: Long @ 1.2723, stop 1.2508.
FirstStrikePlus trades will be exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit) See complete rule-set for effective trade management.

Trading account equity: $1,486.31

Silver position equity: $ -6.00
(Current XAG price: $9.37 – 200 unit position average: $9.40)
TOTAL Equity: $1,479.31

Joel Rensink

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1 comment:

The Archiphage said...

It sure has been a frustrating few days for trading my hourly breakouts! A few losses, a few breakevens, and no big gains I could really hold on to or pyramid into. Good thing I expected this and didn't get too spoiled by having 1000 pip moves every other day.