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 the last minute. Perhaps it was a security thing.The synergy of the participants couldn't have been better. I thoroughly enjoyed meeting and speaking with every one. We had bright attendees from around the world and the U.S. All had the desire to be the

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've traded a lot and know how important it is to wait until “your” trade shows up, it is because you appreciate well how patience and profitable trading go hand-in-hand.Having patience helps this week.Even though we took a loss on our Gbp/Usd trade, we still

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 other unexpected revisions in reports made previously scared more people into other currencies-not-the-dollar. Silver, which just an hour before dropped back to touch 13.00 -- suddenly rocketed more than 60 cents/ounce.A lot of excitement in these

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 position sizes exited were generous due to low volatility conditions prior to entry.It is nice when trades work out well.It is also astounding to me, even after trading these types of methods for decades- how quickly one can go from a burgeoning drawdown to new

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 that trade, and figured that it had 90% odds of getting stopped out when I took it. It was.As a side note it was good for us this week that we are in the custom of taking just the first FSP trade per pair. After the long Gbp/Usd trade got elected at 1.4171 and

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/barrel. The financial world is beginning to realize, as we have for many months-- that the greatest inflationary environment in human history is being unleashed.Just wait until the hedge funds get some money passed back to them.The dollar fell for a second

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 important trend change on the daily Eur/Usd chart. Notice the parallel trendlines crossed.Tuesday I mentioned that there was “Quite a showdown situation building.” and that “Maybe something spectacular will happen later in the week.” I'm glad it did.Even I was

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 episode of your life slaps you into temporary submission..., that is- “those who refuse to remember the past are condemned to repeat it”.It would be best if an understanding of history was regarded as a crucial talisman against catastrophe by those who affect the

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 almost triggered a long position there also.At today's open I exited my elective long eur/usd trade from last week for a 155 pip profit. There were no OneNightStand trades entered on Friday to be exited this morning.In the last four trading sessions we have

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-- we have seen dramatic swings in mood and markets in the past month.

When markets get tired of their borders they usually trend. I know that I'm not alone in welcoming some solid forex trends.
I've finally been able to arrange my schedule to make more frequent

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's CEO, said on Tuesday that, “Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half. This is absolutely unprecedented in our lifetime.”After laying much of the blame for today's financial crises at the foot