Week 2- $533.65 Full Equity.
The terminate of the calendar week has come upwardly as well as nosotros stand upwardly at $533.65 full equity.
I exited EUD/USD at 3:00 PM CST, roofing Monday's FirstStrike brusk position from 1.4391 at 1.4358 for 33 pip profit. We definitely could accept doubled or tripled the lucre yesteryear roofing at obvious back upwardly levels that it only couldn't breakout below. I try non to deviate really oftentimes from my entries or exits, because the entirely argue nosotros instruct paid every bit traders is due to the accurate execution of our methods. In the long run, the potent tendencies nosotros merchandise on overwhelm brusk term opportunities.
For those watching the trades inwards realtime-- what did you lot intend close how the USD/JPY FirstStrike came endure correct afterwards 7:00 AM? It took off similar a rocket afterwards non going anywere for the previous week. It also triggered my Sure-Breakout organization that I mentioned final week.
I exited the FirstStrike USD/JPY merchandise only earlier 3:00 PM CST for a 59 pip profit. Interestingly enough, the OneNightStand USD/JPY merchandise entered at the same house every bit the FirstStrike merchandise as well as then nosotros had a double position all day, as well as instantly entirely concur ONS over the weekend until Mon morning. I volition verbalise close this type of trading province of affairs adjacent week, close how you lot tin dramatically multiply your trading profits amongst piffling extra risk.
Below is the recap. Even though FirstStrike had to a greater extent than pips inwards losses than profits from the winners, the calendar week turned out to endure entirely a modest loss because the coin administration algorithm placed larger positions on the 2 winners. Sometimes the beneficial lawsuit is amazing, similar this week. It doesn't ever operate out that way, unfortunately. The produce goodness of advanced coin administration is to moderate what tin endure moderated without getting "cute".
This week's Alpha concern human relationship trading recap:
Start of calendar week equity: $535.40
Completed trades:
EUR/USD: SELL 1.4391, halt 1.4451. -exit on Fri 33 pip profit
GBP/USD: SELL 2.0134, halt 2.0194. -stopped out lx pips loss
USD/JPY: BUY 113.61, halt 113.01. -exit on Fri 59 pip profit
USD/CHF: BUY 1.1570, halt 1.1510. -stopped out lx pips loss
GBP/JPY: SELL 227.81, halt 228.41. -stopped out lx pips loss
Total of 180 pips inwards losses
Total of 92 pips profit
OneNightStand Exit(s) on 12/17/07 :
GBP/USD: Sold @ 2.0181 on 12/14/07 - exited @ 2.0284. 3 pip loss
OneNightStand 12/21/07 entries:
Bought USD/JPY @ 113.60. Not stopped out. Exit Mon (12/24/07) morning time at Midnight, 00:00 CST.
End of calendar week equity: $533.65 (includes unrealized P&L)
Total Gain on Week: $ (-1.75) (less than 1%)
Unrealized P&L: $ 6.55 (+) (OneNightStand trades)
See you lot Monday!
For those going on trips for the holdidays - endure safe!
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) as well as the semi-monthly newsletter close this challenge, ship an e-mail to: newsletter@infiniteyield.com as well as tell me the address you lot would similar it sent to.------------------------
I exited EUD/USD at 3:00 PM CST, roofing Monday's FirstStrike brusk position from 1.4391 at 1.4358 for 33 pip profit. We definitely could accept doubled or tripled the lucre yesteryear roofing at obvious back upwardly levels that it only couldn't breakout below. I try non to deviate really oftentimes from my entries or exits, because the entirely argue nosotros instruct paid every bit traders is due to the accurate execution of our methods. In the long run, the potent tendencies nosotros merchandise on overwhelm brusk term opportunities.
For those watching the trades inwards realtime-- what did you lot intend close how the USD/JPY FirstStrike came endure correct afterwards 7:00 AM? It took off similar a rocket afterwards non going anywere for the previous week. It also triggered my Sure-Breakout organization that I mentioned final week.
I exited the FirstStrike USD/JPY merchandise only earlier 3:00 PM CST for a 59 pip profit. Interestingly enough, the OneNightStand USD/JPY merchandise entered at the same house every bit the FirstStrike merchandise as well as then nosotros had a double position all day, as well as instantly entirely concur ONS over the weekend until Mon morning. I volition verbalise close this type of trading province of affairs adjacent week, close how you lot tin dramatically multiply your trading profits amongst piffling extra risk.
Below is the recap. Even though FirstStrike had to a greater extent than pips inwards losses than profits from the winners, the calendar week turned out to endure entirely a modest loss because the coin administration algorithm placed larger positions on the 2 winners. Sometimes the beneficial lawsuit is amazing, similar this week. It doesn't ever operate out that way, unfortunately. The produce goodness of advanced coin administration is to moderate what tin endure moderated without getting "cute".
This week's Alpha concern human relationship trading recap:
Start of calendar week equity: $535.40
Completed trades:
EUR/USD: SELL 1.4391, halt 1.4451. -exit on Fri 33 pip profit
GBP/USD: SELL 2.0134, halt 2.0194. -stopped out lx pips loss
USD/JPY: BUY 113.61, halt 113.01. -exit on Fri 59 pip profit
USD/CHF: BUY 1.1570, halt 1.1510. -stopped out lx pips loss
GBP/JPY: SELL 227.81, halt 228.41. -stopped out lx pips loss
Total of 180 pips inwards losses
Total of 92 pips profit
OneNightStand Exit(s) on 12/17/07 :
GBP/USD: Sold @ 2.0181 on 12/14/07 - exited @ 2.0284. 3 pip loss
OneNightStand 12/21/07 entries:
Bought USD/JPY @ 113.60. Not stopped out. Exit Mon (12/24/07) morning time at Midnight, 00:00 CST.
End of calendar week equity: $533.65 (includes unrealized P&L)
Total Gain on Week: $ (-1.75) (less than 1%)
Unrealized P&L: $ 6.55 (+) (OneNightStand trades)
See you lot Monday!
For those going on trips for the holdidays - endure safe!
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) as well as the semi-monthly newsletter close this challenge, ship an e-mail to: newsletter@infiniteyield.com as well as tell me the address you lot would similar it sent to.------------------------
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