Friday, April 25, 2008

Owning the Euro is decidedly less fun now! - IFCN Wk 20 -Fri- Equity: $773.80

Since yesterday, the Euro has continued to drop determinedly versus the dollar.

Also, there are rumblings that the Fed may not lower interest rates any further.  That doesn't help the Euro either, with the strong possibility that the European community may have to lower rates and lose value to the greenback.

A note about OneNightStand orders for this week and the future, until further notice:

*****  DUE TO INCREASED VOLATILITY, PROTECTIVE STOP PLACEMENT FOR OneNightStand ORDERS ARE NOW EXPANDED TO 100 PIPS, UP FROM 55 PIPS!

Reduce position size proportionately! Overall profitability should remain the same, but trade efficiency should increase.

Current equity: $773.80.

The weekly recap will follow later after the market closes for Friday.

Have a great weekend!

Joel Rensink
www.infiniteyield.com


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