1185 % increase since December 2007

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.....

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...

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...

Trading Review

The last month has seen spectacular results.The trading review is coming....

NFP day-

Two economists meet on the street.One inquires, "How's your wife?"The other responds, "Relative to what?" -----Thoug...

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...

April 13 - 20 recap

Last week's recap--

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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, ...

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...

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...

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...

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...

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...

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....