Sunday, November 30, 2008

Thanksgiving Pause -- IFCN Wk 51 –Fri- Equity: $1,656.77

With this being a fairly large Holiday week (Thanksgiving-USA), very little action took place on Thursday.

Friday, the Euro slid 200+ pip vs. the Dollar but the Sterling held quite nicely. It looks like we might be able to collect a few profits by Monday's opening. Nevertheless, the week showed decent gains by the end of the week - much from the rise in XAG. (silver)

There are various reports due next week that should be instrumental in defining some new trend in currencies. Our orders will be ready.

The week's current FirstStrikePlus trades:
  • gbp/usd: Long @ 1.5126, stop 1.4759. Trade in progress.
  • eur/usd: Long @ 1.2742, stop 1.2585. Trade in progress.
  • gbp/jpy: Long @145.49, stop 141.39. Trade in progress.
  • usd/chf: Short @ 1.2062, stop 1.2225. Trade in progress.
FirstStrikePlus trades will be exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit)

Trading account equity: $1,482.77

Silver position equity: $174.00
(Current XAG price: $10.27 – 200 unit position average: $9.40)
TOTAL Equity: $1,656.77

Joel Rensink

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