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 and Gbp/Jpy. Again like last week, OneNightStand performed admirably with very large profits, especially in the Gbp/Jpy. Exiting at midnight again captured most of the profits possible from holding over the weekend.You can see why taking OneNightStand trades are

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 an example of extreme weakness. This week's repeat of new lows shows incredibly weak action.
This week, the Gbp/Usd didn't fall as much, but this Friday it acted much like a

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 this cliff-hanger mentality the market is in.The short Usd/Jpy trade is still in force, carrying a heavier-than- normal trade size as described in the last two posts.Again, early this morning the market dropped hard, almost as deep as before- but not quite.

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 information about the added size placed on the short FirstStrike Usd/Jpy trade. Early this morning, when the market took out the Tuesday's low, I moved the protective stop on

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 how.Anyone who is following the FirstStrike trades saw the entries yesterday and the stop-outs of the first two trades. Then today, the astounding final smash of the Gbp/Usd and upward jolt of the Usd/Chf early this morning would force any trader to be impressed

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 Gbp/Usd. This time OneNightStand performed the way I expect it to, with a generous profit. Exiting at midnight garnered most of the profit possible from holding over the weekend.

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 small correction, but plummeting to new lows for the move – putting in 2 year lows – was amazing! And the OneNightStand trade in the pound got triggered! After all the

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 currencies like the Euro or British pound rally against the dollar before succombing to weakness again?”We have achieved a bit of softening to the dollar over the last few days. It took a lot of news about oil prices going up, struggles with Russia,

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 economies. It is keeping the major dollar gains in place. There may be some simple reasons for

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 yesterday. The following is the status of this week's FirstStrike entries: Eur/Usd: Short @1.4695, stopped at 1.4755 for 60 pip loss.Gbp/Jpy: Short @205.32, stop 206.22. Trade in

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. This morning after 00:01 I exited the ONS trades from last Friday. This was not one of the times that ONS made us more proud over the weekend. The currencies we held over the

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 the uncontested winner in every event.Most in the financial world attributed much of it to the instability of the former Soviet Union made obvious by fresh news of continued fighting. Perhaps.The news is fickle and loves to attribute one trouble to another. It

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, you are hearing what their sponsors want you to believe. The only thing you need to believe is the last tick on the monitor. That tick is what determines what price you get if

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 action this week reinforces to traders how difficult trading can be. Missing great trades can be much more stressful than actually losing money in a bad trade. If we hadn't

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 squeeze brought the real estate market to a "virtual standstill".

Banks have curbed lending as they handle outright losses and writedowns due to fallout from the troublesome

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 and would never recover are frantically buying the dollar as if it is the last game in town.It isn't. But it might feel that way if you were short any sizable amount.This morning I had the pleasure to exit the ONS trades from last Friday. We picked up a few

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 took the FirstStrike and OneNightStand trades this week are very glad they did, and should feel welcome to do a little chest-beating if you feel like it. You deserve it, because

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 our nation's prime mover helping to establish the paper currency system in America. His early currency exchange provisions enabled our flegling country grow to the behemoth it is today.

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
surprisingly, the short Gbp/Jpy.

The dollar is in the midst of a major rout against all
the other major

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 that it was a "once or twice a century eventdeeply rooted in fears of insolvency of major financialinstitutions". He also felt that it was increasingly likely thatmore bank and financial institution bail outs would take placein future months. He said that he

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 midpoint of the move. I have seen theramifications of this rule played out countless times, infutures, stocks and definitely the currencies.I'm not absolutely sure that the majority of participantsrealize a new trend starting in favor of the dollar yet, butmost