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.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
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
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