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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