Forex Challenge: Wk Vii -Fri- Equity: $514.88

It was a about other calendar week of drawdowns afterward a nice, but brief runup inwards equity.

These are typical actions of a marketplace that is making upwards its heed to commencement trending. That is why you lot bring to live on vigilant to position inwards your orders as well as non immature lady the trades that describe you lot out of the drawdown.

There were no OneNightStand trades executed this week, equally was expected. The trading pairs nosotros are next made about substitution turns expression similar they may live on getting cook for about dissimilar directions inwards the close term.

I've been taking the trades. I'm cook for non bad things. Any fourth dimension right away would live on simply fine! :)

One affair you lot larn speedily inwards trading is that the solely affair you lot bring command over is where you lot operate into as well as when you lot exit. Simple, but non easy.

This week's Alpha concern human relationship trading recap:
Start of calendar week equity: $533.55

Completed FirstStrike trades:

EUR/USD: SELL 1.4487, halt 1.4547. -stopped out sixty pips loss
GBP/JPY: SELL 207.87, halt 208.47. -stopped out @ breakeven
GBP/USD: SELL 1.9472, halt 1.9532. -stopped out sixty pips loss
USD/CHF: BUY 1.1087, halt 1.1027. -stopped out sixty pips loss
USD/JPY: SELL 106.24, halt 106.84. -stopped out sixty pips loss

Total of 240 pips inwards losses
Total of 0 pips inwards profits
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OneNightStand Exit(s) on 01/21/07 :
-None-
OneNightStand 01/25/08 entries:
-None-
Total losses: 0 pips
-----
End of calendar week equity: $ 514.88 (includes unrealized P&L)
Total Gain on Week: $ (18.67)(3.5% decrease)
Unrealized P&L: $ 00.00

I volition run into you lot Monday!

Joel Rensink
www.infiniteyield.com

PS: To have the FREE! trading rules for the Challenge ($499 value) as well as the semi-monthly newsletter nearly this challenge, shipping an e-mail to: newsletter@infiniteyield.com as well as say me which address you lot would similar it sent.