As for my trading results, the day went much better. Net pips for the day is 63 pips on 5 for 5 positive trades with no open trades. I don't know how much trading I will do on the FX Solutions account because the account has to have no open trades to allow a transfer.
So the doji that happened on Tuesday finally reversed the Great British Pound chart today. The pound fell almost 2.5 cents on the US dollar, most of that was in a very swift move around 5:30 AM CDT. It fell 1.5 cent in three minutes, a very unusually quick and significant move. I didn't get to capture any of the movement because I was sleeping at the time. Literally, you snooze, you lose!!!
Here are the trading stats for Thursday, August 6, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6987 | 1.7027 | 1.6749 | 1.6779 | 278 |
| EUR/USD | 1.4403 | 1.4430 | 1.4328 | 1.4345 | 102 |
| USD/CHF | 1.0617 | 1.0678 | 1.0602 | 1.0652 | 76 |
| USD/JPY | 94.95 | 95.79 | 94.76 | 95.44 | 103 |
| GBP/JPY | 161.29 | 162.34 | 159.93 | 160.14 | 241 |
The other European currencies moved a little with the pound, but nothing near the extent that the pound did. The pound/yen currency also shifted downward at the same time indicating that this was precipitated by some action with the pound.
What this means:
To have a quick and significant move without an economic announcement is very unusual. I have not received any report for the reason for this aggressive move, but will likely report about it tomorrow.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
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