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