I didn't mean to be gone so long....I got the chance to take a break, and took it. (Or, to use Mark Twain's line, "The rumors...
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What goes Up...,
Up, up, up, down, down, down....I am impressed with all the movement in the forex markets. And pretty tired. But happy.I've had some go...
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Wow #2! Up 17.7% this week alone! - Readers respond-- IFCN Wk 54 �Wed- Equity: $2,269.50
I believe that I get some of the more interesting emails any trader could receive.The people who read this blog are not average. Most have...
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---Wow!--- Up 10.9% in One Day! � IFCN Wk 54 �Tue- Equity: $2,185.61
Wow!That's all one can say after a day like today. After the Fed news came out this afternoon, markets bolted higher, from currencies t...
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Is the Dollar the New Yen? -- IFCN Wk 54 �Mon- Equity: $1,970.53
The euro traded near 9 week highs against the dollar on the belief that the Federal Reserve will cut the target rate for overnight lending t...
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Dollar Weakness Forces Higher Profits! - IFCN Wk 54 �Mon- Equity: $1,928.48
The dollar is beginning to lose the steam of �fear� buying. Last week's FirstStrikePlus and OneNightStand trades were profitable becaus...
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Dollar Slips Further! -- IFCN Wk 53 �Fri- Equity: $1,843.90.
Friday was an interesting day. The major interest was the action in the Japanese yen.Late Thursday I got a short FirstStrikePlus Gpb/Jpy tr...
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Character Counts! -- IFCN Wk 53 �Thu- Equity: $1,851.14.
-A Favorite Quote-J.P. Morgan: "Lending is not based primarily on money or property. No sir, the first thing is character."Too ba...
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Dollar Weakens FSP Responds! -- IFCN Wk 53 �Wed- Equity: $1,767.89.
New equity watermark today! $1.767.89. That is a 253.5% increase in the last 53 weeks. At the very least-- better than T-Bills.Any idea ...
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Transition Week Returns Profits! -- IFCN Wk 53 �Mon- Equity: $1,623.81.
After the �terrible� employment news on Friday, currencies started gaining on the dollar, along with XAG and XAU (silver and gold). That he...
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Traders Respond #2-- IFCN Wk 52 �Fri- Equity: $1,597.81
I'm posting some more of your emails-- readers and successful traders who were willing to share your experiences.Your responses are valu...
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Traders Respond #1-- IFCN Wk 52 �Thu- Equity: $1,600.25
I got a plethora of emails from intelligent and brave traders who were willing to share their experiences.I will share a few in this post an...
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FirstStrike Plus Is on a Roll! -- IFCN Wk 52 �Wed- Equity: $1,568.34
As the currencies have little strength this week, the short Sterling, and Sterling/Yen trades are doing quite well. Amazingly the short Usd...
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The Trend..., Is! -- IFCN Wk 52 �Tue- Equity: $1,549.88.
After Monday's opening and the taking of a couple of profits from Sterling dominated trades � the Pound promptly started falling decisiv...
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Challenge Account- 226.3 % Gain after 1 Year! -- IFCN Wk 52 �Mon- Equity: $1,631.75
Some would be beating their chests after a great return like I experienced with the Infiniteyield Forex Challenge account this past year. I...
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Thanksgiving Pause -- IFCN Wk 51 �Fri- Equity: $1,656.77
With this being a fairly large Holiday week (Thanksgiving-USA), very little action took place on Thursday.Friday, the Euro slid 200+ pip vs....
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Think and Prosper! -- IFCN Wk 51 �Wed- Equity: $1,675.49
Thinking is obviously not popular today. Just a glance at the world's financial climate makes that clear. Now, most people are rewarded...
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Should We Thank Mr. O. for the current Rally? -- IFCN Wk 51 �Tue- Equity: $1,686.78
Obama is being credited with the recent rally in the Stock market. It's been reported (admittedly by kooks) that he can cure cancer, m...
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Rally Anyone?-- IFCN Wk 51 �Mon- Equity: $1,493.55
It is amazing that we haven't had much of a drawdown since we made equity highs almost a month ago.This Monday morning we didn't get...
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Calm Week Preserves Capital!-- IFCN Wk 50 � Fri- Equity: $1,504.39
This was a turnaround day for many markets. Not many of the ones we were in - maybe XAG (silver). We have had so many apparent turnaround...
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�You thought I said what?�---H. Paulson- IFCN Wk 50 �Wed- Equity: $1,439.60
We got a few more FirstStrikePlus trades. For a short while this morning it looked like we were going to have a very good up-move in the Eu...
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Show us the Money?-- IFCN Wk 50 �Tue- Equity: $1,529.10
So--- we've all heard about the billions of dollars given to banks to improve liquidity and to ease the problems with getting money back...
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The Calm!-- IFCN Wk 50 �Mon- Equity: $1,479.31
The currency markets are in a self-imposed quagmire. That's fine.If they calm down enough, when they start moving again, the potential ...
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FirstStrikePlus- 5 Profits!-- IFCN Wk 50 �Mon- Equity: $1,527.65
I didn't feel the need to post very much last week. The negativity is so thick out there that you could cut it with a chainsaw. Highli...
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Dollar Resurgence Builds Profits!-- IFCN Wk 49 � Wed- Equity: $1,480.65
All the week's FirstStrike Plus trades are in positive territory. The trend week I was looking for showed up- just in the opposite dir...
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Rangebound Trade Continues-- IFCN Wk 49 � Tue- Equity: $1,530.10
There isn't a lot of activity going on in the currencies, other than ranging trade that develops after large moves like we've seen i...
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Positions Maintain Status Quo! -IFCN Wk 48 � Fri- $1,554.20
Another choppy week due to the forex markets trying to resume more normal volatility. There are potential profits from this week's curr...
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Currency Rally Fizzles! IFCN Wk 48 � Thu- Equity: $1,585.43
After the brief rally in the currencies, they turned around and now the FirstStrike positions put on early in the week-- 3 which didn't ...
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Currency Rally Continues! IFCN Wk 48 � Wed- Equity: $1,643.66.
After the push upwards yesterday, most currencies (except JPY) are gaining on the dollar. Suits me. Apparently with the election going in ...
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Dollar weakens Dramatically! IFCN Wk 48 � Tue- Equity: $1,577.92.
It's nice to see the Eur/Usd,the Gbp/Usd and Gbp/Jpy go higher-- even if FSP trades this week are positioned the wrong way. Not that I l...
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FirstStrikePlus Reversal Protocol-- IFCN Wk 48 � Mon- $1,563.21
We're getting trades, just not very profitable ones. But then again, our exits of last week haven't been too bad and the FirstStrik...
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Pretty Good Week! -IFCN Wk 47 � Fri- $1,558.01
Not too bad! I thought a number of times that this week might not be so good, but finally the XAG (silver) position helped push up the week...
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The Chop Continues! -IFCN Wk 47 � Thu- $1,455.40
One day you're at completely new equity highs, and the next-- you're down more than 10% those highs. Welcome to the world of high v...
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Perversity Rules- New Equity Highs! -IFCN Wk 47 � Wed - $1,667.31
I am surprised but happy that we got filled on all of our trades so quickly. A different wind is blowing in the forex market this week. Th...
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We Finally Got a Trade this Week! -IFCN Wk 47 � Tue - $1,438.76
After last week's moves, I wouldn't have been at all surprised to get NO trades this week in FirstStrikePlus. When you vary your bu...
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One Night Stand trades Successful! -IFCN Wk 47 � Mon - $1,430.86
After this morning's open at 00:00 CST, I exited the 4 surviving OneNightStand trades from Friday. The summary follows-OneNightStand 08/...
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Historically Profitable Week! -IFCN Wk 46 � Fri - $1,428.36
In 25 years of currency trading, I do not remember a week like this one.Even tempering my risk tremendously this last week--- the IFCN Chall...
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Outsized Profits Demand Early Exit! -IFCN Wk 46 � Thu � $1,436.16
Due to an extraordinary decision, at 09:31 CST I exited all of my FirstStrikePlus trades at the market. I still have the single XAG positio...
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The Dollar, the Strongest of the Weak..., Today! -IFCN Wk 46 � Wed � $1,402.66
The dollar struck two-year highs against a majority of currencies today as concerns about worsening national economies again challenged inv...
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Go With the Flow! -IFCN Wk 46 � Equity: $1,378.14
This is turning out to be an out-sized (profitable) week for the newly instituted FirstStrikePlus.Because the forex market has presently sho...
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Sometimes the Best Position Is.... -IFCN Wk 46 � Mon � $1,283.01
a small position.... Smaller positions with larger stops are best when markets are this fluid. This was a good week to start trading...
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End of Week Recap.... -IFCN Wk 45 � Fri � $1,207.10
This is the last week we will be reporting on regular FirstStrike trades. (Fixed 50 pip breakouts above/below the week's open) Next we...
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Silver Attention! -IFCN Wk 45 � Thu � Equity $1,246.21
You might find the following daily XAG chart interesting---- I've talked about diagonal triangles before, and there has rarely b...
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It Takes Time....IFCN Wk 45 � Wed- Equity $1,182.72
Markets rarely stop and turn on a dime. After getting soundly pummelled for weeks, oftentimes the best solution is respite. That i...
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The Quiet Before the Storm! -IFCN Wk 45 � Tue � Equity $1,268.56
The dollar seems to be stopped by the global recapitalization plan. Surprised?You shouldn't be. It is the classic working out of the �...
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Rebound at Last! IFCN Wk 45 � Mon � Equity $1,326.12
Last week I revisted the double-edged sword issue of volatility and the benefit to using breakout points which are adaptive to current volat...
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Still Alive! IFCN Wk 44 � Fri � Equity $1,205.35
Volatility concerns have encouraged me to make a change that I had planned to implement after the IFCN celebrated its first annivers...
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Historic Week! IFCN Wk 44 � Fri-
Due to extraordinary time demands caused by trading volatility this last week, I did not complete the week's recap and detail intended i...
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Another Shoe Falls! - IFCN Wk 44 � Thu- Equity: $1,458.23
These are momentous times. It is nice for those of us who are liquid and in the forex market, taking only the trades where we have...
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The TRUTH: We're the 10th Man!! - IFCN Wk 44 � Wed- Equity: $1,366.54
The following was sent to me thanks to George B. -- Bar Stool Economics Suppose that every day, ten men go out for beer and the b...
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Higher Volatility � Sword of Damocles! IFCN Wk 44 � Tue- Equity: $1,337.95
Sword of Damocles The recent high volatility has made �normal� a thing that changes hourly. In general, volatility is a good thing f...
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The Week's Silver Bullet! IFCN Wk 43 � Fri- Equity: $1,265.62
Quite a week. We had great results with two of our FirstStrike trades, a result which is always welcome. We had extremely negat...
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Not a Quiet Day! IFCN Wk 43 � Thu- Equity: $1,312.67
Wow! Not a day for the faint-hearted in the metals! Today, it seemed to be hard to keep a good metal up. Yesterday, silver sho...
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Quiet Day! IFCN Wk 43 � Wed- Equity: $1,492.80
Obviously, everyone is waiting to see if a vote is going to succeed on the Bail-out. As volatile as today was, it was relatively ca...
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Silver Plunge Opportunity! IFCN Wk 43 � Tue- Equity: $1,449.47
European banks are running amuck this week as global money markets are locking up. Numerous foreign banks have required capital inf...
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Anyone Want to Buy Some Stocks- Or Nancy Pelosi go Home? IFCN Wk 43 � Mon- Equity: $1,556.92
I'm sure there are many people who threw in the towel in the stock market today. Discomfort ran rampant. It didn't help...
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Fear Profits! IFCN Wk 42 � Fri- Equity: $1468.07
We had a pretty good week with all of the news and fear setting hold of the forex markets. We are definitely not done with volatili...
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Ben Bernanke and the Devil! IFCN Wk 42 � Thu- Equity: $1,422.30
My considered, previous advice made to WallStreet; and now to Washington:If you wear clothes made of flash paper, don'tsmoke.Everyone wh...
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A Time for Rest....
The markets have gone from wildly crazed to..., dull. Amazing. I've had virtually no trades for a day. People are digesting the hist...
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One FirstStrike Trade Left! IFCN Wk 42 � Tue- Equity: $1,431.68
Due to placing the 50% profit trailing stop, which locks in at least half of the maximum profits attained before getting triggered, ...
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Currency Rally? IFCN Wk 42 � Mon- Equity: $1,455.05
We got filled on all five of the week's FirstStrike trades and so far, only one has been stopped out � the short Usd/Jpy. Of the four...
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Dollar Finally Gets Chance to Prove how Strong It Really Is! IFCN Wk 41 �Fri� Equity: $1341.49
This was a very good week. Any week you can survive financially intact with extreme divergent motion is a raging success. FirstStrike held i...
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Having No Trade IS a Trade! IFCN Wk 41 � Thu- Equity: $1,288.56
I find it amazing, and not at all comforting.The ease with which the policy makers throw the �B� word around. Billion dollar buyouts are gli...
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Silver Trade! IFCN Wk 41 � Wed- Equity: $1,223.88
I take my own advice. I decided to buy some of the $3 silver I wrote about last week for the Challenge account. And it appears, not an hour...
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Best Solution! IFCN Wk 41 � Wed- Equity: $1,162.49
We are now out of the week's FirstStrike trades. I used the 50% trail rule mentioned last week on the short Gbp/Jpy. It seem...
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A Double Edged Sword! IFCN Wk 41 � Mon- Equity: $1,150.40
We got filled on all five of the week's FirstStrike trades and all of them were stopped out except the Gbp/Jpy-- so far. The sa...
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Recent Reader Responses!---- Sept. 15, 2008
Here are a small illustrative group of emails I've received since the middle of last week. Hi Joel, The last 2 weeks have been...
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Rock - Roll! - IFCN Wk 40 � Fri � Equity: $1,174.29
To say we had a volatile week is the largest understatement possible. We had gigantic profits by Thursday on all of our trades, as ...
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Great Week! - IFCN Wk 40 � Thu � Equity: $1347.74
I got a lot of interesting responses about the silver post yesterday, all positive; along with some success stories from some of you w...
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The Return of $3.00 Silver, Get it While You Can! --IFCN Wk 40 -Wed- Equity: $1,310.44
(If you have no interest in Silver and the opportunity to purchase it, feel free to skip this post. This post is my own personal opinion an...
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A day of rest! --IFCN Wk 40 -Tue- Equity: $1,275.46.
Not much change in the forex markets after yesterday's stunning moves. Monday's dollar surge resolved into a sideways trad...
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FirstStrike has Another Great Day! --IFCN Wk 40 -Mon- Equity: $1,325.86
FirstStrike's value is self-evident after a day like today. When the currency markets are very strong or very weak, volatility-b...
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Forex trading Homeruns! --IFCN Wk 39 -Fri- Equity: $1104.38
Another great week!Straight-line forex moves the past weeks helped the Challenge account make a 161% annualized return since I began tradin...
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Wow! Dollar Rampage Continues--IFCN Wk 39 -Thu- Equity: $1,106.75.
Wow! After today's action it bears repeating twice. The dollar continued its rampage. It appears that every currency fund manag...
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Euro/Usd Hits 1.4400! --IFCN Wk 39 -Wed- Equity: $1,031.60
Weeks ago when the Euro was still threatening new highs I mentioned that the Euro could easily fall all the way back to 1.4400. I g...
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Dollar Bulls to Own the Earth? --IFCN Wk 39 -Tue- Equity: $1,003.55
If the Euro and Pound continue to fall at their current rates, it wouldn't take long. As all of us know, currency speculation and...
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The Stories are Now All About the Pound! --IFCN Wk 39 -Mon- Equity: $1,014.23
Dollar bulls should start to worry a little. All the news has been buffeting the Sterling and benefiting the Dollar, at least as fa...
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When It Rains It Pours! 103.8% Return! --IFCN Wk 39 -Mon- Equity: $1,019.22.
When OneNightStand trades work, they really work!This morning after midnight, I exited Friday's two ONS trades, the 2 shorts: Gbp/Usd an...
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Lookout Below! Falling Pound � Part 2!--IFCN Wk 38 -Fri- Equity: $978.83
I was quite surprised at the action of the British pound last Friday. The falling to new lows after 2 weeks of waterfall action was ...
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Chopped!--IFCN Wk 38 -Thu- Equity: $868.02.
Torture is legal in the forex markets. What a week!I almost would have preferred getting stopped out of all the pairs this week instead of ...
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Yen Volatility Creates 2nd Opportunity!--IFCN Wk 38 -Wed- Equity: $852.11.
It happened again. I was forced to sell more Usd/Jpy. The Usd/Jpy fell like a Scud missile Tuesday night after my posting the info...
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High Volatility Creates Unique Opportunity!--IFCN Wk 38 -Tue- Equity: $847.61.
Today, I decided to risk a little more to make some multiplied return on the yen's strength against the dollar. I will explain why and ...
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Attempted Reversal Week!--IFCN Wk 38 -Mon- Equity: $803.58.
At least the beginning of the week was a small triumph. This morning at 00:00 CST, I exited Friday's only ONS trade, short the ...
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Lookout Below! Falling Pound!--IFCN Wk 37 -Fri- Equity: $814.41
I was quite surprised at the action of the British pound on Friday. I wasn't surprised at the pound falling after having a smal...
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How High can the Euro go?--IFCN Wk 37 -Thu- Equity: $830.60.
Now that the dollar has gotten significantly stronger-- and quickly over the last few weeks, now the questions being asked are, �how far can...
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Dollar Stall!--IFCN Wk 37 -Wed- Equity: $839.20.
The dollar stall continues. Any recent news about the world's currencies still is dominated by concerns for the european eco...
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Slide Halted!--IFCN Wk 37 -Tue- Equity: $816.20.
I wasn't far off thinking that we had seen the equity highs for the week. It would take a minor miracle to reach the levels of ...
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Resumed!--IFCN Wk 37 -Mon- Equity: $851.37.
A person might think that the currency onslaught might just take a breather after more than 2 weeks of waterfall. Obviously not. Thi...
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Olympic Strength!--IFCN Wk 36 -Fri- Equity: $841.14.
The dollar's strength continued all week. If the currency's performance this week were in the Olympics, the dollar would have been ...
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Price is the Reality!--IFCN Wk 36 -Thu- Equity: $835.63.
The next time you hear the talking heads starting to rapsodize about how and why the market needs to do this or needs to do that, y...
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If Only!--IFCN Wk 36 -Wed- Equity: $835.63.
If only...! Those words probably have been sincerely spoken more often by traders than anyone in any other occupation. The acti...
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Pound Pounded to 21-Month Low!--IFCN Wk 36 -Mon- Equity: $835.63.
The pound slid to its lowest level in almost 21 months against the dollar after a vaunted report indicated that the current credit s...
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The Dollar's Herculean Strength Continues! --IFCN Wk 36 -Mon- Equity: $835.63.
The forex world is running for cover again this week from the new dollar bulls. Traders who just weeks ago thought the dollar was finished a...
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Infiniteyield Forex in Action! New All-Time Equity Highs! --IFCN Wk 35 -Fri- Equity: $869.12
Trading is more a mental game than financial.There will be no chest-beating from me after such a great week. Those of you who too...
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Despite Adversity, Patience wins out! --IFCN Wk 35 -Thu- Equity: $755.34.
"He that can have patience can have what he will."Benjamin Franklin Most don't remember that Benjamin Franklin was o...
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Euro Contretemps! --IFCN Wk 35 -Wed- Equity: $717.77.
Two more FirstStrike trades have bit the dust since Monday's Eur/Usd loss. Surprisingly, the long Usd/Jpy and not so surprising...
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Build a Higher Return, They will Come! --IFCN Wk 35 -Mon- Equity: $705.30.
Former Fed chairman, Alan Greenspan drew an intense picture ofthe current financial market challenges in a recent interview.Greenspan stated...
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Dollar Strength Now Obvious- to Some! --IFCN Wk 34 -Fri- Equity: $681.21.
An old rule for trading goes like this: When the majority ofparticipants finally realize a new trend is present, you arelikely at the midp...
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Nothing is quite as perfect as Great Plans that fail! --IFCN Wk 34 -Thu- Equity: $679.77.
"The marvel of all history is the patience with which men andwomen submit to burdens unnecessarily laid upon them by their governments....
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No One Worries About Your Fire, When They Have One Themselves! --IFCN Wk 34 -Wed- Equity: $671.33.
After dropping more than 200 points in trade the other day, theEur/Usd has basically spent the last 30 hours sitting andwaiting for..., some...
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Dollar Recovery Obvious, but Obvious to Whom? --IFCN Wk 34 -Tue- Equity: $666.73.
In trading, perception tends to become reality only after a period oftime where there are no major conflicts to the new perception.Any basic...
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Mirror week? Dog days of Summer? --IFCN Wk 34 -Mon- Equity: $668.51.
Sorry about the delay in getting the Infiniteyieldforex Challenge update for last week. My weekend was in many ways a reflection of the prev...
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Holding the Course Not for Wimps! --IFCN Wk 33 -Fri- Equity: $675.94.
It takes a great deal of character to take trades over and over again which end up losing.A perfect example was this last week. After a ser...
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