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