The market continued its choppiness. The Brits had a national holiday today, so I figured the pound wouldn't move a tremendous amount. The Japanese yen moved more so than the other currencies, which is a little unusual. The Euro and pound had a slightly bigger interval, but were not as lively as the yen.
Today, I did 21 new trades, 22 winners including 3 older trades, 0 losses, and 6 open trades remaining. The net pips for the day is +331.1 pips, or 9.84% gain.
Since this is the last day of August, the month end numbers are as follows. The net pips for the month is +2181.3 pips, or 168.47% gain!!!
Here are the daily stats for Monday, August 31, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6273 | 1.6327 | 1.6181 | 1.6284 | 146 |
| EUR/USD | 1.4315 | 1.4366 | 1.4255 | 1.4332 | 111 |
| USD/CHF | 1.0587 | 1.0634 | 1.0555 | 1.0588 | 79 |
| USD/JPY | 93.23 | 93.54 | 92.53 | 93.10 | 101 |
| GBP/JPY | 151.70 | 152.16 | 150.00 | 151.6 | 216 |
I will make two disclaimers on the monthly numbers. One, since the account is still fairly small, the percentages seem huge. That is why the number of pips is a good measurement for consistent gains. Most of the 2100 pips came in the last two weeks once the transfer to Summerstreet was completed. Also, the more money I have in the account, the more flexible and active I can be in trading.
Two, in addition to the gains, the new clients are arriving weekly. I added two new clients today. Three more clients' monies will hit the account later this week hopefully. Thus, the account is building very quickly.
Again, if you need any help understanding forex or any terms, go to www.babypips.com. The lessons and encyclopedia are great learning tools. Another good website is www.chartpatterns.com.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
No comments:
Post a Comment