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    Jun 2nd 2007

    Infinity Shares came back with a -1.43% loss, on NFP trading yesterday.

    Personally I had a short position on GBPUSD as well, since the fundamentals and technicals were pointing towards that direction. It backfired with a loss of -45 pips.

    Nothing to worry about though. Glad to know that they’re back in action :) Good days ahead.

    Good day,

    As some members might already know, IS has started trading again this week with our new broker. We did a few profitable tech trades at the start of the week with partial lots, but nothing spectacular. We did, however, decided to end the week with a trade that was 90% sure in our books (as I explained to a member earlier about reports coinciding with technical indicators) After the strong non-farms and ISM reports, plus the overwhelming technical indicators directing a bearish trend for both GBP/USD and EUR/USD pairs, we decided to enter a short position on the EUR/USD pair after both reports and after the euro broke the 1.3400 support. The pair did go down as predicted, but due to a number of events like short-covering the euro ahead of the weekend, plus renewing of EUR/JPY positions led to the pair not only recovering what it had gained from the strong US-biased reports, but even showed the EUR/USD to be testing resistances on the 60/63 level.

    To make a long story short, not only did we lose our short-term gains for the week, but ended the week with a little loss. Not to worry tho, we are confident that next week would be another story and we should be back to our normal rythm of trading again.

    Results for this week -1.43%
    (Share price adjusted from 3.48 to 3.43)

    Popularity: 2% [?]



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    4 Responses to “Infinity Shares - NFP Loss, -1.43%”  

    1. Gravatar Icon 1 JoseLeon

      Forex is like that, sometimes you win and sometimes you lose, but the most important is that they are a reliable program. There will be times when they will win a good profit :)

    2. Gravatar Icon 2 Jude

      More consistent win to losing ratio will put IS in a good shape; something which they had it going before the broker problem. We’re still in good hands of two jokers who’re always serious when it comes to work.

      Peace.

    3. Gravatar Icon 3 makila

      NFP is always released the first friday of every new month. Last 6 results of IS during this day:
      Loss - No trade - Profit - Loss - Loss - Loss

      Bad luck? Coincidence? Or perhaps a terrible day to trade for IS? Either way checking these numbers NFP day isnt in IS favour. Perhaps its better to not trade during that day. But who am I to judge their trading strategies???

    4. Gravatar Icon 4 JoseLeon

      There are some traders who don’t trade this NFP day, perhaps IS should think about it ;)

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