I'm glad to have a chance to make an update. Sorry about my long absences. But, trading is what I do for a living and when duty calls.....
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Markets Finally Coming Back to Life!
Like many who read this blog, I save key thoughts and phrases I find over the years. I write them down when I find them in periodical...
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Free Markets Benefit Man Best!
Most people are not aware of how difficult it is to trade systematically. At first it may not seem like such a big deal, but after you do it...
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Trading Review
The last month has seen spectacular results.The trading review is coming....
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Fibonacci and Inflation! -Thursday, April 30, 2009
I was sent a very interesting link from a trader buddy who agrees with my long-time-held assessment that super inflation is on its way, whet...
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April 13 - 20 recap
Last week's recap--
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Letters from Readers! - IFCN WK 71 -Thu - Equity: $2,635.76
We've had a lot of swinging in the markets, mostly negative to my equity since posting earlier today.XAG took it on the chin again. The...
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Taxing? - IFCN WK 71 -Thu - Equity: $2,870.23
Yesterday was "Tax Day" for the USA. It was the last day to file our taxes for 2008. And for those who have to pay, the deadli...
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Apr. 6 � Apr. 13 Update - IFCN WK 71 - Mon- $2,762.05
There were no OneNightStand trades on Friday, Apr. 10. Friday was a holiday in the USA and some places in Europe. The forex markets were op...
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Corrective Week! Thu - Apr. 9, 2009 - Equity $2,733.35
It is a short week due to the Easter/Passover religious holidays. Nevertheless, the FSP trades triggered definitely. Despite the likelihood...
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First One Way, Then the Other! - IFCN WK 70 - Tue- Equity: $ 2,673.65
The First-Profitable-Open exit sure worked great this week. We had quite strong moves last week, many of which we were able to take advan...
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Mar. 30 � Apr. 6 Update - IFCN WK 70 - Mon- Equity: $ 2,683.12
Quite a challenging week!A number of readers contacted me to tell me about your great performance last week because you took the long Gbp/Jp...
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Drawdown Deepens! -IFCN WK 69- Fri- Equity: $2,670.62
After Friday's close, I realized that I held an additional trade that I shouldn't have. My FSP trade of short usd/chf from 1.1372 wi...
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March 23 - 30 update -IFCN WK 69 - Mon- Equity: $2,836.94
On Monday March 30, 2009 at 00:00 AM CST we exited FSP trades from the previous week's entries: short the Eur/Usd and long the Usd/Chf....
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Vegas Workshop Rocked! -IFCN WK 69 - Mon- Mar. 30, 2009
Hi all--The London Squeeze workshop in Las Vegas March 28th went off extremely well. The only hitch was they switched our conference room at...
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Patience! -IFCN WK 68 - Thu- Equity: $2,984.95
Patience is a large part of trading.Losers always feel that they are missing something and feel the need to continually trade. When you...
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So Far, a Week of Rest! -IFCN WK 68 - Wed- Equity: $3,004.79
Relative rest, that is.As I am writing this, we got some chaotic action in the currencies and metals.An unexpected change in home sales and ...
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Thanks to Weak Dollar- New Equity Highs! -IFCN WK 68 - Mon- Equity: $3,032.14
Despite some loss trades last week this Monday's exiting profits from the Eur/Usd, Usd/Chf, and Usd/Jpy offset them handily since the po...
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Welcome Trend Week! -IFCN Wk 67 - Friday, March 20, 2009
This week was indeed a solid trend week.Friday we finally got stopped out of the short Gbp/Jpy entered early in the week. I never liked tha...
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Milestone Equity High- 500% Increase! -IFCN Wk 67 - Thu- Equity: $3,001.25
We had continued good success today with the dollar falling even more against every major currency and silver and gold.Oil jumped past $51/b...
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Up 13% in a Day! Thanks Ben! -IFCN WK 67 - Thu- Equity: $2,648.49
Wow!Gold � sharply higherSilver � sharply higherTreasury bonds � sharply higherStocks � sharply higherCurrencies � sharply higherSee the imp...
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Let the Reader Use Discernment! -IFCN WK 67 - Tues- Equity: $2,338.19
There is a truth that gets repeated just often enough for you to remember hearing it before, but too quickly forgotten when the latest episo...
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The Dollar is Losing its Grip! -IFCN WK 67 � Monday- Equity: $2,413.69
This morning we got some early strength in the Pound and Euro triggering long FirstStrikePlus trades, carry-over strength in the Gbp/Jpy alm...
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Weekly Rollercoaster Profits! -IFCN WK 67 - Monday- Equity:$2,485.44
I have completed the recap of the past few weeks' action in the IFCN challenge account. It has seen dramatic swings, but then again-- w...
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Can the Forex Markets Get Worse?
Probably, but not likely.An interesting report came out from the Blackstone Group. (http://www.blackstone.com)Stephen Schwarzman, Blackstone...
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Character Building-- One New Equity High at a Time! - IFCN Wk 62 �Friday- Equity: $2,727.50
This was another brutal week for followers of FirstStrikePlus. These weeks are inevitable, but when they happen, they still can sting. I...
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Week starting Feb. 9, 2009 - IFCN Wk 62 �Mon- Equity: $2,695.01
Last week saw a lot of red ink in the FirstStrikePlus trades and even the lone ONS trade taken in the Usd/Chf.The only bright spot was, agai...
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Another New Equity High - IFCN Wk 61 �Mon- Equity: $2,659.74
We are doing something right.On Friday we closed very strong in our positions in XAG (silver), and FirstStrike Plus positions of gbp/jpy and...
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Big Week Again! XAG (Silver rally) Here's why----
I had to embed this next video.I know the last video series got deleted. Too bad, because many needed to learn the lessons that were YouTub...
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Maybe You're Pretty Good After All! - IFCN Wk 60 �Thu- Equity: $2,656.39
Budget out an hour of your time. You have a series of videos to watch.I know that most of you who follow this site are individuals who have...
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Glimmers of H-o-p-e or Just Gas? -- IFCN Wk 60 �Tues- Equity: $2,594.64
A few points of note: According to some very popular news sources, because German business confidence rose somewhat unexpectedly and t...
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Huge Plus Week--IFCN WK 60 -Mon-Equity: $2,568.92
So comes the exit of some hugely profitable trades. It has been a while since we had so many big profits per market. In the Usd/Chf alone, ...
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Trades Rise Like a Phoenix! -- IFCN Wk 59 �Mon- Equity: $2,159.09
We've got substantially larger profits in just a couple hours of trading this week.How? Courtesy of the FirstStrikePlus trades from las...
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Dollar Stronger---IFCN WK 59 -Mon- Equity: $2,101.55
The dollar was stronger at the beginning of the previous week, yet relaxed a bit by the end of the previous week, causing trades which had d...
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Euro Correction Completing? -- IFCN Wk 58 �Thu- Equity: $2,040.22
The inauguration day draws near. People have positioned themselves as well as they can based on their beliefs of the changes expected to ta...
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Holiday Recap-- Solid Gains Despite Quivering Market Action.
Here is the recap of the trades I've taken through the last few weeks while I took my break from writing.It was great having a little br...
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Turbulence - Beware! -IFCN WK 58
The markets have been in an amazing type of tumult. In aviation, it is called turbulence.Substantial profits have been possible from tradin...
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Best Wishes to All for the NEW YEAR-- IFCN WK 57
It is important to take breaks. Next time I'll try to give some warning. Thanks again to all the well-wishers who wrote to me....
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