Monday, January 19, 2009

Dollar Stronger---IFCN WK 59 -Mon- Equity: $2,101.55

The dollar was stronger at the beginning of the previous week, yet relaxed a bit by the end of the previous week, causing trades which had decent profits to give them all up. At the end of the week the only decent profit left in the account was from silver, (XAG) which is more of an IFCN position trade than a frequent tradeable. (But, the XAG trade will likely be the biggest profit ever taken in this "originally" small account when we exit at extreme prices.)

Because of the lack of profits in the 3 FSP trades still on board for Monday morning's open at 00:00 CST (06:00 GMT), we are not able to exit until we have a profitable weekly open or we legitimately get stopped out, or reversed.

As of Monday, January 19, 00:00 CST – here is the status of the following trades coming in from the previous week:

Week of January 12, 2009---FirststrikePlus trades
  • gbp/usd: Short @1.4819. Trade in progress.
  • eur/usd: Short @1.3222. Trade in progress.
  • gbp/jpy: Short @133.60. Trade in progress.
  • usd/jpy: Short @ 88.80, stopped at 90.59 for 179 pip loss.
OneNightStand orders for Friday, January 16, 2009
Trading account equity: $1,741.55
Silver position equity: $360.00
(Current XAG price: $11.20 – 200 unit position average: $9.40)
TOTAL Equity: $2,101.55

Joel Rensink

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