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