I completed getting the accounts set up with SummerstreetFX. I'm still waiting on getting the funds transferred. It may take a day or so yet. Also, I've been having some computer problems since Sat. that I'm working on getting fixed. I apologize for the delays. I can't wait either to build the accounts.
By the way, I found out why there was a sudden gain for the dollar last Thursday. I will go into more detail tomorrow when I don't have trading results to report.
There was a lot of movement on the pound today - it dropped almost 3 cents against the US dollar. Because of my computer problems, I did limited trading - only 3 trades, all positive. Net gains for the day was +74 pips, erasing the small losses from last week.
I will be so glad when I do not have to deal with these new FIFO rules at FX Solutions. Another day or so and it will be in the past.
Here are the trading stats for Monday, August 10, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6673 | 1.6717 | 1.6429 | 1.6479 | 288 |
| EUR/USD | 1.4181 | 1.4217 | 1.4103 | 1.4138 | 114 |
| USD/CHF | 1.0812 | 1.0881 | 1.0796 | 1.0853 | 85 |
| USD/JPY | 97.72 | 97.72 | 96.90 | 97.14 | 82 |
| GBP/JPY | 162.93 | 162.93 | 159.34 | 160.08 | 359 |
What this means:
This is the third day the dollar has gained ground against the pound and the euro. That is the definition of a trend, but I don't know how long it will last. It may last the week, but probably not beyond that for the short term. The dollar has lost a lot of ground since mid March, so a short retracement or reversal is typical. From the good news on Friday or the big move on Thursday that I will explain more tomorrow, the dollar has had a good push.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
No comments:
Post a Comment