Pivot Day

It looks as though the currencies are pivoting. The US dollar has been gaining slight strength against the pound for the last six days, but that trend stopped today. In the afternoon, the dollar starting losing ground rapidly, over a cent (100+ pips) in an hour. If finished with a lost against all major currencies.

I had another pretty good trading day considering I was tied up for several hours this morning with a meeting. I did 12 new trades, with 14 winners (including 5 older trades), 0 losses, and 5 trades still open. The net pips for today is +235.2 pips, or 6.39% gain. As the account grows, it is getting harder to have larger percentage point gains in the day. A good benchmark is the amount of movement captured in pips.

Here are the daily stats for Thursday, August 27, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6247	1.6301	1.6152	1.6281	149
EUR/USD	1.4253	1.4405	1.4218	1.4340	187
USD/CHF	1.0676	1.0703	1.0530	1.0593	173
USD/JPY	94.24	94.28	93.19	93.51	109
GBP/JPY	153.1	153.14	151.00	152.23	214

Tomorrow, in addition to the weekly wrap up, I'll share some more detail with the upcoming promotional activities I'll be involved in.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com