Monday, January 19, 2009

Trades Rise Like a Phoenix! -- IFCN Wk 59 –Mon- Equity: $2,159.09

We've got substantially larger profits in just a couple hours of trading this week.

How? Courtesy of the FirstStrikePlus trades from last week.

Early this morning the dollar's strength became a wave, clicking us into a long usd/chf and a short usd/jpy trade, both with very small stoplosses meaning we have on substantial size for once. Either we will be stopped out quickly or this could be a big week.

The week's current FirstStrikePlus trades:
  • gbp/usd: Short @1.4819, stop 1.5045. (From prev. week)
  • eur/usd: Short @1.3222, stop 1.3466. (From prev. week)
  • gbp/jpy: Short @133.60, stop 136.96. (From prev. week)
  • usd/chf: Long @ 1.1229, stop 1.1152.
  • usd/jpy: Short @ 90.17, stop 91.14.
FirstStrikePlus trades will be exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit)
Trading account equity: $1,795.09
Silver position equity: $364.00
(Current XAG price: $11.22 – 200 unit position average: $9.40)
TOTAL Equity: $2,159.09

Joel Rensink

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