Currencies Have Feet of Clay!-- IFCN Wk 25 -Fri- Equity: $730.23

Traders have long lived on the profits from market moves that are predicated by simple concepts, the simplest of which follow below:The cure for a low price is a low price. The cure for a high price is a high price.It may take a second or two to get the concept of this but it is really very simple. Have a lot of something, like – wheat, like we did in the 1990's because everyone and their uncle

Up! Forex Challenge Account is UP 7.5% This Week on Strong Dollar! -- IFCN Wk 25 -Thu- Equity: $750.12

Nine weeks ago we were hitting new equity highs for the IFC account. It looked for a while like the upside move of the Eur/Usd would never end. But of course, we knew it would have to. And we profited until it quit.That was then – this is now! After a couple of months of chop and drawdowns, we are beginning to see some life in the account again.We are sitting on larger gains due to huge moves

Want a Carry Trade? Buy the Dollar! IFCN Wk 25 -Wed- Equity: $712.05

Current “carry trade” examples:Buying the Usd/Chf: Interest rate differential is 2.75%= $ 6.31/day/100,000 unit position.Buying the Usd/Jpy: Interest rate differential is 4.75% = $11.04/day/100,000 unit position.This means, if you can hold a 100,000 unit position of Usd/Jpy for a WHOLE YEAR using $4,000.00 margin (with some firms you could hold that position with $2K or some even $1K) you

Post-Holiday Lurch Fails!- IFCN Wk 25 -Tue- Equity: $693.25

I hope that everyone had a restful Memorial Day holiday. We had some company over the holiday weekend, and much discussion and adroit partaking of flavorful food with complementary beverages ensued. In addition, I wish to welcome the 33 new subscribers who found this blog over the extended weekend. Happy to have you aboard. A couple of you have Yahoo addresses that won't allow emails to them.

Maybe We Can Burn The Euro! -IFCN Wk 24 -Fri- Equity: $697.89

The dollar fell against 13 of the 16 most active currencies this week while oil hit a record $135.09 a barrel Thursday on the New York Mercantile Exchange. The U.S. still imports more oil than any other country. Oil prices closed for the holiday weekend $3.00 a barrel below yesterday's highs.Is oil going to keep streaming higher?Maybe, but it is wise to remember this trading fact. The best bull

No trade..., is a trade! IFCN Wk 24 -Thu- Equity: $697.89

We've had some strong rallys in the Gbp/Usd and Eur/Usd this week, of course, right after we got stopped out early in the week. That happens all the time when you are following a method that doesn't try to trade every swing. You miss some good trades, and just as many or even more bad trades. We are not here to get all of the trades, just our trades.The OneNightStand orders are going out

Can You Really Handle the Way the Market will Pay You Off? IFCN Wk 24 -Wed- Equity: $697.89

With the markets as choppy as they've been currently, I thought I would cover some applicable material.Tons of people think that the ideal life is to sit on a beach, mountaintop, hotel room in Venice, or wherever and trade the markets. They believe that it's possible to make money almost every day and be able to consider the forex market a virtual ATM. That's obvious by the ads Google chooses

How Real Money is Made! IFCN Wk 24 -Tue- Equity: $697.89

Here is a great story of how money is made:A young man asked an old rich man how he made his money.The old guy fingered his worsted wool vest and said, "Well, son, it was 1932. The depth of the Great Depression. I was down to my last nickel."I invested that nickel in an apple. I spent the entire day polishing the apple and, at the end of the day, I sold the apple for ten cents."The next morning,

Zoned! IFCN Wk 24 -Mon- Equity: $701.18

It seems like we've been locked in this narrow equity zone forever. Not that I mind it that much, but it does get boring. It does beat getting hammered (equity-wise, not sobriety-challenged) week after week.The dollar has been consolidating just below its recent highs, and may soon get a move on again. As there were no OneNightStand trades taken on Friday, there were no exits this morning.There

Hope Kills!-- IFCN Wk 23 -Fri- Equity: $734.36

There is no hope.  There is only price.The pound dropped to a three-month low against the dollar this week as the negativity about the UK economy deepened. I think people lack perspective! 65 years ago, the populace would have been happy to sell their souls for the economy they have now.Informational reports in the UK this week showed that retail sales fell in April, and other indicators of

Choppy! IFCN Wk 23 -Thu- Equity: $735.30

It has been a choppy week for forex participants.  I got a number of calls today about how amazing it was that every trade the callers had taken this week seemed to be immediately going into losses.  It can seem like that when markets get rangebound.  It usually means a bigger set of trades is in the offing.Indeed, I've been happy that I've only taken a few trades this week.  I've seen very

Dollar gains popularity! IFCN Wk 23 -Wed- Equity: $741.17

It isn't just the pairs we trade!Here are some of the headliners for forex news lines today:Australian Dollar Declines To 13-day Lows against the DollarMalaysian Ringgit Slumps To New Multi-month Low against the Dollar Indonesian Rupiah Plunges To Fresh Multi-month Low against the Dollar Hong Kong Dollar Falls To New Multi-month Low against the Dollar Aussie sets new multi-day lows against

Just One Left.... IFCN Wk 23 -Tue- Equity: $738.10

We experienced 3 more FirstStrike losses today.We are back to a similar situation as we were last week, holding only one remaining FirstStrike trade.  This time we remain long the Gbp/Jpy pair- @ 202.11 with protective stoploss at 201.21.Maybe the pair will bring us outsized profits like it did last week.Current equity:  $738.10Joel Rensinkwww.infiniteyield.comPS: To receive the FREE! trading

pssst!! Now Sell the Dollar! IFCN Wk 23 -Mon- Equity: $748.05

Nothing has changed except the flavor of fear in the forex market. The currency markets of late have offered every possible variety of movement. Strong up movements, strong down movements, and then strong upmoves again. Pick a pair, any pair.That is why we simply follow our signals. If there is a sustained move, by entering our trades we will be in position to catch it. Only those who execute

pssst!! Buy the Dollar!-- IFCN Wk 22 -Fri- Equity: $741.65

As most of the current readers of this site are aware, I have been critical of the excessive value of the Euro currency. It looks like others have begun adopting the same view.Jim Rogers, a long-time bear on the U.S. dollar (USD) believes the currency is finally oversold. Jim Rogers, chairman of Rogers Holdings, said in a Bloomberg article, “Too many investors are bearish on the U.S. dollar and

Pound is Too Heavy! - IFCN Wk 22 -Thu- Equity: $731.23

The British pound is still being pressured due to carry trades being unwound. The perception that the English economy is not substantially better than other industrialized countries has become realized in recent unassailable reports.Our FirstStrike trade shorting the Gbp/Jpy at the beginning of the week @ 207.09, w/protective stop at 207.99 – is still alive and well, so far holding over 450 pips

You profit from GBP/JPY Carry-Trade Collapse! IFCN Wk 22 -Wed- Equity: $721.02

The attention in forex trading is decidedly moving away from US economic issues to the economic troubles in the European and Britain zones. The forex trading forecast for the US dollar is looking better, and it appears that the easy money slam dunk of shorting the US dollar is drawing to a close. Even the Japanese Yen is stronger than European currencies.  That says a lot all by itself.What's

Tuesday's Can Be Blue Too! IFCN Wk 22 -Tue- Equity: $701.90

The paucity of interesting news tends to lull major market participants into inactive postures. That explains the choppy behavior the past 2 days. It makes me happy that this week I'm trading very little. I only like to be involved heavily when the markets are very strong or very weak. Late today the dollar started back to a stronger stance against the Swiss Franc, the Yen and the Euro.It took

Monday Blues! IFCN Wk 22 -Mon- Equity: $700.60

Again it is Monday, and again the markets are far from definitive as to what their weekly course will be.OneNightStand trades exited this morning at 00:01 CST-Usd/Chf: long on Friday @ 1.0510, exited at 1.0541 for a total trade profit of 31 pips Usd/Jpy: long on Friday @ 104.91, exited at 1.5.21 for a total trade profit of 30 pips Nice to see some profits in the ONS group.Finally all 5 of the

Dollar Rampages Euro, Swiss and Yen on Derby week!-- IFCN Wk 21 -Fri- Equity: $711.60

Big Brown wins the Kentucky Derby! In racing, like trading, I keep looking out for that new Secretariat. Today's was a great race with a dominant horse, but it was too bad that Eight Belles, the filly who came in second had to be destroyed minutes after the finish because it came up ruined.I don't think Big Brown is a Secretariat, but at least he beat everyone today out of a huge field with fast

The Dollar Roars! - IFCN Wk 21 -Thu- Equity: $710.05

Lot of great action today!The European currencies reaction to the quarter-point cut in the US Fed funds rate on Wednesday was shortlived! Today the Eur/Usd and Usd/Chf returned to their trending action of yielding to the dollar.Further comments after the rate cut appeared to indicate that the Fed is likely to maintain rates at the new level for the near term.The dollar jumped to its highest