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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