Thursday, April 2, 2009

March 23 - 30 update -IFCN WK 69 - Mon- Equity: $2,836.94

On Monday March 30, 2009 at 00:00 AM CST we exited FSP trades from the previous week's entries: short the Eur/Usd and long the Usd/Chf. The total equity below is from 00:00 AM- Monday morning.

Shortly after the open the Usd/Jpy long trade got stopped out at 96.21, the short entry price for the new week's FSP trade.

Week of March 23, 2009---FirststrikePlus trade executions:
  • gbp/jpy: Long @ 140.94, stopped out at 138.90 for 204 pip loss
  • gbp/usd: Long @ 1.4727, stopped out at 1.4426 for 301 pip loss.
  • usd/jpy: Long @ 97.77. Trade exited 3/30/09 at 96.21 for loss of 156 pips
  • eur/usd: Short @ 1.3405, exited at 1.3232 for 173 pip profit.
  • usd/chf: Long @ 1.1455, exited at 1.1466 for 11 pip profit.
OneNightStand trades for Friday, March 27, 2009

Trading account equity: $1,888.94
Loss from previous week: $ 43.20

Silver position equity: $ 948.00
(Current XAG price: $13.32 – 400 unit position average: $10.95)
TOTAL Equity: $2,836.94

Losing on both the FSP trades and equity from XAG caused a sizable drop in total equity. That is what drawdowns are made of. We can expect more of the same since we've had such large increases in previous weeks.

We soldier on.

Joel Rensink

PS: To receive the FREE! trading rules for the Infiniteyield Forex Challenge ($499 value) and the semi-monthly newsletter about this challenge, send an email to: and tell me to which address you would like it sent. Please do not use AOL, Hotmail or Yahoo addresses. They've been known to filter out more good mail than actual spam. Try a Gmail address. It's free, simple and perfect for traders!

No comments: