Direction, What Direction

It appears that the currencies are trying to find a direction to move, but are uncertain which way to go. The Asian session began with the dollar losing ground consistently. This continued through European session until the tail end. It then did an about face. The dollar then gained all the ground lost forming an upside down V in a matter of 2 hours. The rest of the New York session bounced back and forth, not really doing much.

The Euro and Swissie did similar moves although the Swissie losing ground was more pronounced during the late European session. The yen went back and forth all day.

So, which way to go? Stay tuned to find out.

Today, I did 31 new trades, closing 24 winners including 1 older trade, 2 losses, and 11 trades remain open. The net pips for today is +48.3 pips, or 4.33% gain.

Here are the stats for Wednesday, September 30, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5960	1.6123	1.5943	1.5980	180
EUR/USD	1.4585	1.4672	1.4574	1.4639	98
USD/CHF	1.0361	1.0447	1.0282	1.0360	165
USD/JPY	90.06	90.39	89.34	89.69	105
GBP/JPY	143.74	144.50	142.81	143.33	169

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Reversal

It looks as though the dollar has exhausted its run and is now beginning to retreat again. Against the other major currencies, the dollar first gained ground, then lost it during the New York session and for the day, reversing the trend from last week.

This is the kind of movement I needed on Thursday.

Today, I made 18 new trades, closing 12 winners, 1 loss, and 5 trades remain open. The net pips for today is +171.1 pips, or 3.08% gain.

Here are the stats for Tuesday, September 29, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5883	1.5987	1.5823	1.5959	164
EUR/USD	1.4620	1.4644	1.4526	1.4586	118
USD/CHF	1.0324	1.0404	1.0312	1.0360	92
USD/JPY	89.63	90.35	89.59	90.06	76
GBP/JPY	142.36	143.92	142.01	143.73	191

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Wild Times

The last few days have been really wild. Lots of movement, big pip intervals, big volumes, lots of trades. In addition to that, I have some really good news, and some bad news.

I mentioned on Friday that I picked up some big deposits. That is really going to help the accounts grow a lot, because it is many multiples of what I had to work with before.

The bad news is that the large movements of the pound/dollar and pound/yen were moving in the opposite direction I thought was going to happen. My positions were getting more and more over extended. I was hedging to try to keep my margin in check, but could not hedge fast enough. I took some major losses on both accounts.

Because of all the wild activity and being gone for the weekend, I still have not tabulated all the results. However, with the new deposits, I will be able to make up for the losses in a matter of days. No worries.

Today, I did not trade. I had a number of meetings I had to go to and was worn out from the weekend anyway. But I will be back at it again tonight.

Here are the stats for Monday, September 28, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5973	1.5975	1.5768	1.5882	207
EUR/USD	1.4699	1.4719	1.4563	1.4620	156
USD/CHF	1.0266	1.0373	1.0250	1.0324	123
USD/JPY	89.58	89.76	88.22	89.62	154
GBP/JPY	143.10	143.11	139.72	142.35	339

Here are the stats for Friday, September 25, 2009 that I did not report on Friday.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6058	1.6064	1.5915	1.5928	149
EUR/USD	1.4665	1.4723	1.4613	1.4676	110
USD/CHF	1.0292	1.0340	1.0243	1.0281	97
USD/JPY	91.26	91.33	89.50	89.74	183
GBP/JPY	146.53	146.65	142.74	142.93	391

As you can see, the pound/yen really dropped over the last couple days. In fact, over the last 4 days, the pound/yen dropped over 1100 pips, a sizable move for any month, let alone for a few days. The pound/dollar also dropped 600 pips during the same time frame.

As I mentioned a few weeks back, I expected the currencies to move out of the channel they had been in. The surprise for me was moving positive for the dollar, I had expected the opposite. Now that the markets are starting to do some major trending, I will change tactics and strategies. There will more more losses than before, but minor ones. This will help avoid the heavier losses that I took on Friday. Trend trading is significantly different from channel trading.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Weekend Away

Today was a wild, wild day. I'll have to get more into that on Monday. I'm leaving for the weekend early, so I won't be able to post after the market closes.

The really good news is that I received some large deposits to work with.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Surprise, Surprise

Evidently, the markets really liked what they heard from the FOMC meeting minutes yesterday. Not only did the dollar gain ground all yesterday afternoon against the pound, it continued virtually the entire day today as well. The Fed really knows how to sling it.

The pound lost over 350 pips (3.5 cents), one of the largest pip intervals for the pound all year. The euro reacted differently. It first gained ground on the dollar during the European session, then lost all of that and more during the New York session. The swissie acted similarly, but did not lose at much to the dollar. The yen also gained, then lost to the dollar, ending the day right where it started for a doji.

Since the pound was losing big, my longs (buys) did not fare so well. They are a little overextended at the moment. I was selling all day long, hedging to ride out the dollar moves. I did 51 new trades today, closing 51 winners including 6 older trades, 0 losses, and 19 trades remain open. The net pips for today is +731.4 pips, or 16.02% gain. All of these were highs for the account.

On the SummerstreetFX account, I did not trade as much. I did 9 new trades, closing 6 winners including 1 older trade, 0 losses, and 9 trades remain open. The net pips for SummerstreetFX is +112.5 pips, or 2.16% gain.

Here are the daily stats for Thursday, September 24, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6339	1.6384	1.6020	1.6058	364
EUR/USD	1.4734	1.4800	1.4627	1.4664	173
USD/CHF	1.0267	1.0321	1.0208	1.0293	113
USD/JPY	91.26	91.62	90.34	91.25	128
GBP/JPY	149.11	149.51	146.26	146.53	325

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

The Dollar Recovers

After initially losing ground once the interest rate announcement was made, the dollar steadily gained for hours afterward, erasing earlier losses. The Fed left rates unchanged, suggested the economic recovery may be slow. No kidding. It doesn't take a rocket scientist to figure that one out.

Anyway, the market seemed to respond to the usual rhetoric following the announcement, with the dollar gaining all the way until 5pm EST, the official end of the trading day. I just can't believe that traders are taken by some of this stuff. That doesn't matter though, I don't expect the resurgence to last.

I only made 14 new trades today, closing 14 winners including 4 older trades, 0 losses, and 19 trades remain open. The net pips for today is +334.8 pips, or 3.12% gain.

For the SummerstreetFX account, I made 17 new trades, closing 13 winners including 2 older trades, 0 losses, and 6 trades remain open. The net pips for today is +239.7 pips, or 4.47% gain, both new highs for this account.

Here are the daily stats for Wednesday, September 23, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6357	1.6465	1.6327	1.6339	138
EUR/USD	1.4789	1.4842	1.4727	1.4733	115
USD/CHF	1.0231	1.0273	1.0183	1.0267	90
USD/JPY	91.08	91.52	90.47	91.27	105
GBP/JPY	149.07	150.32	148.21	149.12	211

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

The Dollar Slides

As I mentioned yesterday, I thought the dollar would start to lose ground. That proved to be true all through the day.

The only interesting thing about the moves of the day was the timing. The yen gained most of its gains on the dollar during the Asian session. The European currencies gained most of their gains during the opening of the European session. Then only the pound gained significant ground against the dollar during the New York session.

The remainder of the sessions were fairly flat.

I only did 15 new trades today, closing 16 winners including 4 older trades, 1 loss, and 19 trades remain open. The net pips for the day is +103.0 pips, or 1.80% gain.

The SummerstreetFX account did a bit better. I did 7 new trades, closing 11 winners including 4 older trades, 0 losses, and 2 trades remain open. The net pips for the day on SummerstreetFX is +151.6 pips (a new high), or 2.73% gain.

Here are the daily stats for Tuesday, September 22, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6218	1.6392	1.6201	1.6357	191
EUR/USD	1.4678	1.4820	1.4670	1.4789	150
USD/CHF	1.0322	1.0326	1.0215	1.0235	111
USD/JPY	91.90	92.10	90.92	91.08	118
GBP/JPY	149.00	149.38	148.45	148.99	93

Tomorrow should be very interesting with a lot of European economic announcements coming. Also the FOMC releases the interest rate announcement Wed. afternoon. It doesn't look good for the dollar.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Turnaround

It looks as though the recovery of the dollar against the pound has come to an end and the dollar may be beginning a new trend losing ground again. The dollar gained on the pound for the last five days, but only gained on the other European currencies the last two days.

Today, it looks as though that trend is starting to reverse. It was a fairly light day in volume and modest pip intervals. Most of the movement occurred during the Asian session with the dollar gaining strength. The European session was pretty flat, and during the New York session, the dollar gave up ground. The day ended up as a doji on the pound, ending pretty much where it began. A doji tends to indicate a change in direction.

I also had a lighter day in trading. I did 18 new trades, closing 18 winners including 5 older trades, 0 losses, and 21 trades still remain open. The net pips for today is +307.3 pips, or 4.88% gain.

The SummerstreetFX account also had a light day. I did 6 new trades there, closing 6 winners including 2 older trades, and 6 trades remain open. The net pips for today on SummerstreetFX is +97.8 pips, or 1.84% gain.

Here are the daily stats for Monday, September 21, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6221	1.6262	1.6132	1.6215	130
EUR/USD	1.4699	1.4712	1.4610	1.4678	102
USD/CHF	1.0303	1.0388	1.0290	1.0322	98
USD/JPY	91.32	92.52	91.29	91.92	123
GBP/JPY	148.12	149.56	148.04	149.04	152

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

A Step Up

The week ended with a weekly gain despite taking those losses on Tuesday. Friday was a little light on trading with most of the currencies losing a little ground to the dollar, but not much.

The surprise of the day was the pound. The pound lost ground from the open and ended the day over 2 cents (223 pips) lower. This was helpful because I got to clear out some old sells. However, I may be a little over extended again if it continues to lose ground. I'll see how things react on Monday.

I did 21 new trades today, closing 20 winners, 0 losses, and 21 trades remain open. The net pips for today is +308.3 pips, or a 6.73% gain.

For the week, the net pips is +757.8 pips, or a 5.64% gain.

On the SummerstreetFX account, I did 10 new trades, closing 4 winners, 0 losses, and 6 trades remain open. The net pips for today is +73.7 pips, or a 1.34% gain.

For the week with the SummerstreetFX account, the net pips is +331.1 pips, or a 5.52% gain.

Here are the daily stats for Friday, September 18, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6451	1.6451	1.6228	1.6263	223
EUR/USD	1.4740	1.4745	1.4646	1.4706	99
USD/CHF	1.0282	1.0345	1.0275	1.0295	70
USD/JPY	91.07	91.52	90.97	91.31	55
GBP/JPY	149.82	150.01	148.22	148.58	179

In addition to getting the SummerstreetFX account to trade, I added 2 more clients this week.

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.

Stay tuned for more results next week.

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Back Up To Par

Today was a good day trading. I was able to make up for nearly all the losses from Tuesday. With one day remaining this week, I should still be able to post a gain for the week.

As I expected, it was another choppy day. The currencies were still mixed. The pound ended losing a little ground to the dollar again while the euro gained setting yet another high for 2009. The swissie gained a little and the yen lost a little.

I did 25 new trades, closing 25 winners including 2 older trades, 0 losses, and 20 trades remain open. The net pips for the day is +519.1 pips, or 6.72% gain.

On the SummerstreetFX account, I did 10 new trades, closing all 10 as winners, and no open trades. The net pips for SummerstreetFX is +143.2 pips, or 2.91% gain.

Here are the daily stats for Thursday, September 17, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6491	1.6566	1.6423	1.6449	143
EUR/USD	1.4706	1.4765	1.4687	1.4740	78
USD/CHF	1.0319	1.0356	1.0274	1.0281	82
USD/JPY	90.94	91.60	90.51	91.07	109
GBP/JPY	149.98	151.15	149.56	149.81	159

I don't really expect a lot of movement one way or the other until next week. The currencies are still in too much flux. There are no major announcements tomorrow to drive the currencies one way or the other.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Letter Day

Today was a very choppy day. In fact, you could call it an alphabet day. The patterns in the currencies kept forming Vs and Ws. Momentum traders love days like this because they keep riding the currencies up and down, making money on each pass.

However, due to an appointment I had this morning, I missed the New York session when a lot of this choppiness occurred.

The pound did a couple of Ws first losing ground to the dollar during the Asian session, gaining it back during the first half of the European session. The process repeated during the second half of the European session and then gaining it back during the first half of the New York session. The second half of the New York session had smaller Ws to maintain the theme.

The Euro did pretty much the same, but gained more ground during the New York session setting another new high for 2009. The yen did a V spanning both sessions before settling to Ws during the second half of the New York session.

I got caught in some sells on the pound/yen during the bottom of its V that I may have to take some losses on. I'll wait a bit to see how tomorrow lines up.

I did 23 new trades today, closing 20 winners including 3 older trades, 0 losses, and 20 trades remain open. The net pips for the day is +386.2 pips, or 6.44% gain.

I did begin trading the SummerstreetFX account today as well. I did six trades, closing all six as winners. The net pips for this account is +114.2 pips, or 1.18% gain.

Here are the daily stats for Wednesday, September 16, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6486	1.6531	1.6430	1.6492	101
EUR/USD	1.4659	1.4735	1.4641	1.4708	94
USD/CHF	1.0348	1.0367	1.0296	1.0318	71
USD/JPY	91.04	91.35	90.11	90.93	124
GBP/JPY	150.10	150.54	148.58	149.96	196

Tomorrow should be very interesting. I expect another choppy day.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

A Bump

Today I hit a bump. The account couldn't go up indefinitely without taking a hit sooner or later.

It was a pretty wacky ride anyway. Nothing was really in sync with any other currency pair. The pound began gaining ground against the dollar during the Asian session. The euro lost a little during the Asian session while the yen and swissie lost ground against the dollar.

I missed the biggest move of the day when the pound lost nearly 250 pips against the dollar during the European session. I was taking a nap at about 3AM when the move really started to happen. I was not prepared for such a big move, especially when I was expecting the dollar to lose ground.

This left some positions over extended. When the pound continued to lose ground to the dollar during the New York session, I had to take some losses to preserve the value in the account. I took 4 sizable losses, but nothing that should not be made up in a few days.

The euro again set a new high for 2009 today against the dollar with some late New York session gains. The yen and swissie pretty much ended the day with a doji near where they started the day. The pound gained a little ground back, but lost about 100 pips for the day against the dollar.

For the day, I made 19 new trades, closing 24 winners, 4 losses, and 18 trades remain open. The net pips for the day is -794.5 pips, or -17.55% loss.

Here are the daily stats for Tuesday, September 15, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6581	1.6657	1.6401	1.6486	256
EUR/USD	1.4617	1.4684	1.4560	1.4656	124
USD/CHF	1.0346	1.0417	1.0322	1.0347	95
USD/JPY	90.92	91.63	90.77	91.01	86
GBP/JPY	150.72	151.71	149.43	150.04	228

What this means:
It's pretty unusual for the euro and pound to go in opposite directions against the dollar. This makes for some difficult trading to begin with. But when you add currencies making their major moves for the day at different times, it becomes really tough.

In other news, there was a lot of good news. I added a new client today. Also, beginning tomorrow, I will be trading another account for SummerstreetFX, the brokerage. If I continue to trade well with the new account, SummerstreetFX will bring me much more capital and other clients to trade for!

SummerstreetFX is also looking to promote me through webinars and other media to attract clients. Things are really starting to move!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Interesting Start

Today was a very interesting start to the week. I don't really know where to begin. The dollar has been losing ground to the other currencies for more than a week, but took at least a reprieve today with most of the currencies. The pound lost ground to the dollar early, then gave much of it back. The yen also gave ground to the dollar, gained some back, then lost it again. This caused the pound/yen pair to remain very confused not moving much at all, just back and forth.

The euro is the most interesting. It lost ground to the dollar, hovered back and forth, then proceeded to set another new high for 2009 during the New York session.

I guess that is why I find trading so interesting. It never ceases to throw a few surprises here and there.

Today, I did 30 new trades which began on my birthday, closing 30 winners including 6 older trades, 1 loss, and 27 trades remain open. The net pips for today is +356.7 pips, or 5.57% gain.

Here are the daily stats for Monday, September 14th, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6680	1.6685	1.6519	1.6580	166
EUR/USD	1.4605	1.4650	1.4514	1.4616	136
USD/CHF	1.0356	1.0421	1.0327	1.0346	94
USD/JPY	90.31	91.12	90.19	90.92	93
GBP/JPY	150.63	150.87	149.87	150.75	100

In other news, I added a new client over the weekend. I also got a call from SummerstreetFX. They want me to start trading a small account starting tomorrow. If I do well, more money is waiting in the wings! - A lot more money!

The momentum is really starting to grow.

Also, I may be switching bank accounts which may allow deposits to be made and posted to the account faster. The current process takes about a week by the time the checks clear.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Another Successful Week

This was another successful week wrapped up with gains in excess of 40%. There was a few obstacles that popped up including some losses, but I still posted a gain on Friday.

Today was a very interesting trading day. The timing of moves was very odd. First of all, the European currencies reached their highs of the day during the tail end of the Asian session, around 12:00 midnight here. Usually the highs come during the European session or during the New York session.

As mentioned the last couple days, if the trend continues with the dollar losing ground, I would have to have to take some losses. I did take a couple sizable losses early seeing that the dollar was losing ground early during the Asian session. I prepared for more of the same during the other sessions, but that never materialized. The European session and the New York session was pretty choppy and listless, never finding a direction to take. It was some of the calmest sessions I've seen is some time.

Meanwhile, the yen continued to gain ground on the dollar throughout the day. It had the most movement of the major currencies and did almost double the usual trading day interval. The yen also gained significant ground on the pound which should allow me to close some older trades in the next couple days.

The Euro made a new high against the dollar for 2009. The yen also set a new high (low) mark against the dollar since February, gaining significant ground past the resistance set in July. The pound made a slight advance against the dollar, then retreated and barely posted a gain for the day.

I made 33 new trades today, closing 24 winners including 2 older trades, 2 losses, and 28 trades remaining open. Because of the usual movement, I had many more open trades than expected today. On Sunday and Monday, many of those should be closed.

The net pips for the day is +23.5 pips, or 1.88% gain. I managed to make up for over the 300 negative pips on the 2 losses. Had I not taken the losses, the weekly pip total would have bested last weeks total of 2063.6 pips.

Speaking of the weekly totals, the net pips for the week is 1787.3 pips, or 40.36% gain. This is the fourth straight week of over 40% returns.

Here are the daily stats for Friday, September 11, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6648	1.6739	1.6642	1.6674	97
EUR/USD	1.4580	1.4634	1.4552	1.4579	82
USD/CHF	1.0383	1.0398	1.0339	1.0374	59
USD/JPY	91.72	91.77	90.20	90.64	157
GBP/JPY	152.70	152.85	150.46	151.12	239

I did add a new client today. I'm expecting several more clients next week. Interest continues to spread considering the track record that I've been building. I love to trade and make people money. After all, that is the only way I get paid as well.

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.

Stay tuned for more results next week.

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Breakthrough

Today, the dollar continued to lose ground to the other major currencies. The pound finally broke through the resistance and did so convincingly setting a one month high. So did the yen, but by only about 20 pips. The Euro made a new high for 2009.

This causes some problems for my existing open trades. I will have to make a decision to take some losses or risk bigger losses if the market continues the weakening dollar trend. What caught me by surprise today is the timing of the major move. It began late during the European session when no announcements were occurring. Up to that point, the dollar was gaining ground. The trend continued through the New York session with the pound gaining more than 200 pips on the dollar.

I made a record number of trades today with 49 new trades. I closed 46 winners including 3 older trades, 0 losses, and 21 trades remain open. I also set a new account record with the net pips of +584.9 pips, or 12.84% gain.

Here are the daily stats for Thursday, September 10, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6545	1.6684	1.6479	1.6648	205
EUR/USD	1.4555	1.4612	1.4501	1.4580	111
USD/CHF	1.0410	1.0464	1.0359	1.0383	105
USD/JPY	92.02	92.24	91.41	91.72	83
GBP/JPY	152.25	153.09	151.89	152.70	120

If it comes to it, I will try to minimize the losses. Even with all the remaining open trades, the account would still be in positive territory. This is what I'm trying to protect if the trend continues.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Resistance Holds

As indicated yesterday, the trend with the dollar losing ground did hit the upper resistance again before retreating. For the day, the dollar did lose ground, but the resistance held on the pound and the yen. The Euro did break through its resistance yesterday, but not more than 200 pips yet.

So, I expect the dollar to make another run at the resistance. Whether it breaks through or not, we will have to wait for the results tomorrow.

I did not take any losses yet, but it will depend on what the market does tomorrow. If it retreats again, it will likely retreat more significantly allowing me to limit the losses substantially or even entirely.

Today, I made 27 new trades, closing 30 winners including 6 older trades, 0 losses, and 18 trades remaining open. The net pips for today is +501.6 pips, or 8.69% gain. This was the second highest pip total for the account to date.

Here are the daily stats for Wednesday, September 9, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6484	1.6589	1.6454	1.6544	135
EUR/USD	1.4477	1.4599	1.4466	1.4556	133
USD/CHF	1.0472	1.0488	1.0383	1.041	105
USD/JPY	92.31	92.58	91.60	92.02	98
GBP/JPY	152.17	152.98	151.62	152.25	136

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

New Trend?

The dollar continued to lose ground against the major currencies today, and in a sizable fashion. Although it is now in its fourth day, the question remains if it will continue. It hit a resistance yesterday on the pound that was fairly strong since the middle of August. So, it may reach it again, or close to it and bounce back.

Or, quite possibly, it may take a number of runs at it before it breaks through the resistance. This is the thrill of trading - the anticipation of what is likely to happen before it happens. When you're right, it is a great feeling. When you are wrong, you will likely have some tough decisions to make. Do I take a loss and limit the bleeding? Or, do I wait it out and wait for the return - that may never come?

Tomorrow, it will likely confirm which will happen - retreat or breakthrough. If a breakthrough occurs, I will likely have to take some losses on some sells I have out there to prevent bigger losses down the road. Nonetheless, I'm still in a positive ground even if I took losses on all open trades including the buys.

Later this month, I expect a significant shift on the markets with the dollar losing major ground. I will use different strategies than what I'm currently using. There will be more frequent losses at that time, but the overall direction of the growing account should remain.

Today, I made 28 new trades, closing 24 winners including 2 older trades, 0 losses, and 21 trades remaining open. The net pips today is +406.6 pips, or 7.15% gain.

Here are the daily stats for Tuesday, September 8, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6346	1.6585	1.6320	1.6484	265
EUR/USD	1.4331	1.4533	1.4327	1.4477	206
USD/CHF	1.0599	1.0602	1.0431	1.0472	171
USD/JPY	93.05	93.07	92.02	92.30	105
GBP/JPY	152.10	152.88	151.30	152.16	158

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Labor Day

Although today is a holiday in the US, the currency markets were still open. The trading volume was light as to be expected, but I still did pretty good considering. I also missed the New York session today because of a computer virus that had to be cleaned off.

The dollar gained ground against the pound from the middle of the European session through the middle of the New York session. The other currencies did not move much. That allowed me to close a couple trades from previous days.

I did 20 new trades today, closing 18 winners including the 2 older ones, 0 losses, and 17 trades remaining open. The net pips is +270.7 pips, or 4.94% gain.

Here are the stats for Monday, September 7, 2009, Labor Day.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6389	1.6440	1.6325	1.6345	115
EUR/USD	1.4300	1.4360	1.4296	1.4331	64
USD/CHF	1.0604	1.0608	1.0554	1.0599	54
USD/JPY	92.92	93.28	92.80	93.04	48
GBP/JPY	152.28	153.20	151.57	152.09	163

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

September Super Friday

Today the Non-Farm Payroll data was released. It is the monthly unemployment numbers the government releases. It had a very interesting effect on the market.

The yen reacted immediately first dropping 50 pips in the opening moments. It then shot up nearly 100 pips in the next couple minutes. I was fortunate to catch the majority of the upswing with the (GBP/JPY) pound/yen pair scoring almost 200 pips on 2 trades.

The pound and Euro did not move much initially. They acted as if they didn't know what to do. Finally, they followed suit with what the yen did, only much slower. The pound and Euro lost ground to the dollar initially. The interesting thing is that they gained significant ground on the dollar, but a couple hours later. Very weird! At that time, the yen was stalled.

The pound and Euro both gained a little ground on the dollar for the day - about 30 pips. The yen lost ground to the dollar for the day - about 20 pips. The interval for all the currencies were remarkably low for being Super Friday. The volume was also low, probably partially due to the upcoming holiday weekend.

I did my first EUR/USD (Euro/US dollar) trade today. It was a small trade netting 11.4 pips during the initial drop. Today was the first day I traded 3 currency pairs. The usual two are the GBP/USD (pound/US dollar) and the GBP/JPY (pound/yen). Trading the pound/yen really added to the pip count this week.

The unemployment data showed fewer number of new people claiming unemployment from last month, but the overall percentage of people out of work rose to 9.7% from 9.5%. This is the highest its been since June 1983. Economists expect the unemployment percentage to top 10% by early next year.

I did 24 new trades today, closing 23 winners, 0 losses, and with 15 trades remaining open. The net pips is +450.9 pips, or 10.34% gain. This is the third day this week I did over a 10% return.

Speaking of this week, I blew away the previous best week for this account. The net pips for the week is +2063.6 pips, or 63.61% gain. (I did +2183.3 pips for the entire month of August, although there were the delays of transferring accounts).

The upward movement on the GBP/JPY has me a little concerned and I may have to take some losses from some trades made a couple days ago. I'll wait to see how Monday opens during the Asian session. The New York session will be closed for Labor Day. The yen may gain some ground against the dollar.

Here are the daily stats for Friday, September 4, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6316	1.6408	1.6285	1.6394	123
EUR/USD	1.4250	1.4325	1.4190	1.4309	135
USD/CHF	1.0624	1.0697	1.0577	1.0599	120
USD/JPY	92.62	93.23	92.27	92.98	96
GBP/JPY	151.15	152.67	150.82	152.44	185

I also added 3 new clients this week. Their monies were deposited at the end of the day today. I also received a number of calls from interested parties from all over the country. The word is spreading. Results speak!!!

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.

Have a great holiday weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

A Little Off

Today, my timing was a little off all day. That's not to say that I didn't have an OK day. I still did over 300 pips again.

During the European session, the dollar steadily lost ground. During the New York session, the market was mostly flat, but the dollar did gain about half of the ground lost against the pound. The euro lost all the ground gained against the dollar. The yen was pretty flat, but ultimately lost some ground to the dollar as did the Swissie.

Today, I did 30 new trades, 24 winners including 3 older trades, 0 losses, and 14 trades remain open. This is a lot more trades than I like to leave open, but tomorrow I should close a number of them. The net pips gained is +312.8 pips, or 7.65% gain.

Here are the daily stats for Thursday, September 3, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6270	1.6410	1.6235	1.6316	175
EUR/USD	1.4262	1.4346	1.4235	1.4250	111
USD/CHF	1.0606	1.0635	1.0545	1.0625	90
USD/JPY	92.20	92.77	91.93	92.63	84
GBP/JPY	150.01	151.71	149.38	151.14	233

Tomorrow is Super Friday, also known as the Non-Farm Payroll monthly announcement where the government reports the net unemployment numbers. This report usually drives the market a little wild.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com