Big Update

I had a very successful trip to Boston. In short, SummerstreetFX wants to partner with The Titan Group. They do not have a presence in Chicago and would like to start one. We will begin working out the details on Monday. There will be more info coming next week.

As far as the market is concerned, the last couple days have been very active. On Thursday, the quarterly GDP announcement came out that was very positive. This had a negative effect on the US dollar for these reasons: the market interpreted this as the economy is recovering, businesses would start spending more money oversees, and resume taking more risks. The dollar lost considerable ground to the other currencies except the yen.

On Friday, the markets all reversed themselves from the previous day's movement. Reflections revised the viewpoints of the GDP numbers, that they are being propped up by the government's stimulus program and not likely to have staying power. The US dollar gained back the ground it lost the day before.

Since I was in Boston meeting with SummerstreetFX, I did not trade either day.

Here are the daily stats for Thursday, October 29, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6370	1.6602	1.6336	1.6545	266
EUR/USD	1.4707	1.4857	1.4682	1.4821	175
USD/CHF	1.0269	1.0285	1.0167	1.0189	118
USD/JPY	90.74	91.60	90.23	91.39	137
GBP/JPY	148.53	151.58	147.63	151.22	395

Here are the daily stats for Friday, October 30, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6544	1.6576	1.6407	1.6429	169
EUR/USD	1.4821	1.4856	1.4702	1.4707	154
USD/CHF	1.0191	1.0274	1.0156	1.0261	118
USD/JPY	91.40	91.56	89.91	90.07	165
GBP/JPY	151.21	151.70	147.62	147.96	408

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Dollar Strengthening

The dollar continued to strengthen against the Euro and Swissie, the pound finished nearly unchanged, while the yen strengthened against the dollar. If the economic forecast for tomorrow's GDP announcement is true, then the dollar will continue its trend.

The time off this week from trading has allowed me to network more. Today's networking lunch went well and several more people are interesting in the fund. I did not trade again today.

I'm very curious how my meeting in Boston will go tomorrow. Because I will be gone, I will not post until after I get back.

Here are the stats for Wednesday, October 28, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6365	1.6464	1.6284	1.6370	180
EUR/USD	1.4802	1.4839	1.4690	1.4703	149
USD/CHF	1.0217	1.0276	1.0191	1.0269	85
USD/JPY	91.78	91.80	90.53	90.73	127
GBP/JPY	150.20	150.37	148.27	148.65	210

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

European Cousins Part II

The Euro and Swissie repeated the movements of Monday, losing ground to the US dollar. The pound also repeated gaining a little ground on the dollar. It is fairly unusual for the European currencies to be going in opposite directions, but it does happen. I don't recall two days in a row though.

I did not trade again today. With my busy schedule tomorrow and the trip to Boston on Thursday and Friday, it does not look like I will trade at all this week. I will update you what happens in Boston when I return.

Here are the daily stats for Tuesday, October 27, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6332	1.6437	1.6283	1.6366	154
EUR/USD	1.4873	1.4926	1.4769	1.4801	157
USD/CHF	1.0180	1.0249	1.0148	1.0217	101
USD/JPY	92.15	92.31	91.69	91.78	62
GBP/JPY	150.51	151.13	149.88	150.21	125

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

European Cousins Follow Suit

On Friday, the pound moved in a big way losing ground to the US dollar. Today, the Euro and Swiss Franc followed suit losing big amounts to the US dollar, about twice the normal pip interval. This all occurred during the New York session despite not having any economic announcements. Very interesting. To me this signifies that the dollar's losing trend is, for the moment at least, over.

It's too bad I did not get this retracement when I expected it on Wednesday. Well, that was last week. As I said on Friday, I need to take a few days off to clear my head. So, I did not trade at all today.

Also, SummerstreetFX wants me to fly to Boston to meet with them on Thursday. I have a networking lunch on Wednesday, so I do not know how much I will trade this week. Probably not much. I'm very curious about my meeting in Boston.

Nonetheless, here are the daily stats for Monday, October 26, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6286	1.6393	1.6249	1.6333	144
EUR/USD	1.4992	1.5061	1.4844	1.4874	217
USD/CHF	1.0091	1.0201	1.0050	1.0180	151
USD/JPY	92.14	92.27	91.56	92.15	71
GBP/JPY	150.12	151.12	149.10	150.51	202

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Timing Is Everything

Just like in life, with trading timing is everything. The drop on the pound that I was expecting finally happened, just two days late. As I said on Wednesday, expectations that don't happen can cause a problem.

Through the Asian session, the pound went up in value, gaining on the dollar. Not until midway through the European session, did it finally drop. An negative announcement on the quarterly British gross domestic caused the currency to drop over 100 pips in seconds, and it continued from there. For the day, the pound's interval was almost 400 pips, one of the largest moves of the year.

The problem this caused is that I was prepared for the pound continually gaining ground. This resulted in more losses and a overall negative return for the day and the week. This is only the third negative week in 3 months.

I did 41 new trades today, closing 31 winners including 8 older trades, 8 losses, and 19 trades remain open. The net pips for today is -693 pips, or -8.19% loss.

The net pips for the week is -1157.9 pips, or -15.27% loss.

Here are the daily stats for Friday, October 23, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6624	1.6690	1.6296	1.6306	394
EUR/USD	1.5033	1.5059	1.4985	1.5001	74
USD/CHF	1.0043	1.0100	1.0031	1.0090	69
USD/JPY	91.28	92.11	91.27	92.08	84
GBP/JPY	151.74	153.19	149.94	150.15	325

This week has been very challenging for me to say the least. The continual round the clock vigil is wearing anyway, but the losses from this week have been very trying. This week has been a roller coaster, especially after the remarkable results on Monday and Tuesday, then the losses on Wednesday and Friday. I think I will take a couple days off from trading to clear my head before rebuilding the account. A clear head is essential for trading.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

V Day

The currencies were in sync today, except for the yen. The currencies perform nearly a perfect V during the European session and New York session. By the end of the day, all of the currencies gained just a little ground on the dollar. However, the yen lost a little ground on the dollar.

I took full advantage of the movement today and started recouping losses from yesterday. I did 30 new trades today, closing 26 winners including 6 older trades, 0 losses, and 16 trades remain open. The net pips for today is +561.6 pips, or 8.99% gain.

Here are the daily stats for Thursday, October 22, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6606	1.6636	1.6485	1.6621	151
EUR/USD	1.5015	1.5037	1.4942	1.5032	95
USD/CHF	1.0057	1.0121	1.0040	1.0043	81
USD/JPY	90.97	91.70	90.76	91.28	94
GBP/JPY	151.06	151.93	150.53	151.72	140

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Expectations

Expectations can be very dangerous in certain lines of work. Trading is certainly one of them. You can not expect the market to behave the way you want it to. It is advisable to plan your trading day; but if it goes against that plan, you have to react accordingly. If you don't, you will get hurt.

Such was the case today. With the dollar rebounding during the previous day, I was expecting the dollar to continue to rebound and begin a reversal. There were many reasons for me to expect this including Elliott Wave theory. However, like many theories, interpretation is subjective to some extent.

Well, the dollar did not continue to rebound. Instead, the exact opposite happened and in a big way. The dollar lost almost 300 pips and the pound/yen pair followed suit. This was disastrous for me and I did not react quickly enough. Instead of taking care of some short sells when the dollar rebounded at a less painful place, I was forced to take them in the middle of the European session at a more painful place when it was clear that the dollar was going to take a beating.

This meant liquidating 10 older positions at a larger loss than I wanted to take. If anyone ever tells you that forex trading is easy, run the other direction!

Today I made 56 new trades, closing 53 winners including 8 older trades, 16 losses including the 10 older ones I mentioned, and 12 trades remain open. The net pips today is -2512.2 pips, or -40.75% loss. This wiped out the extraordinary gains of the past two days.

Keep this in mind, it wiped out gains from just two days of trading.

Here are the daily stats from Wednesday, October 21, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6380	1.6634	1.6344	1.6604	290
EUR/USD	1.4942	1.5044	1.4887	1.5014	157
USD/CHF	1.0115	1.0152	1.0034	1.0058	118
USD/JPY	90.77	91.26	90.47	90.97	79
GBP/JPY	148.67	151.52	148.41	151.05	311

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

New Records

What a fantastic day!!! Not only did I set new records across the board for the account, but the dollar lost quite a bit a ground later during the day easing the stress of some short positions that remain. Within the next day or so, I should be able to liquidate these losing positions at a less painful place. These are remnants from last week's big moves against the dollar and from the internet outage I experienced on Thursday.

In the meantime, the trading over the last couple days has gone very well. All of the currencies continued to make some larger moves up and down forming V's and upside down V's. It becomes a little easier when you expect them and when the connections are up allowing trading to be done.

During the Asian session, the currencies were a little more subdued, but made their V patterns on a smaller scale. Then, the currencies made a larger move against the dollar during the European session setting new monthly highs, but retreated significantly during the New York session. Each lost ground to the dollar at the end of the day or finished with a doji, ending about where it began.

I made 46 new trades today, closing 48 winners including 10 older trades, 0 losses, and 25 trades remain open. The net pips for today is +849.5 pips, or 20.82% gain. The total pips, percentage gained, and dollar increase are all account records.

Here are the daily stats for Tuesday, October 20, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6420	1.6486	1.6326	1.6381	160
EUR/USD	1.4962	1.4993	1.4881	1.4943	112
USD/CHF	1.0113	1.0167	1.0082	1.0115	85
USD/JPY	90.53	91.05	90.06	90.76	99
GBP/JPY	148.66	149.35	147.47	148.68	188

The dollar should gain some more ground over the next day or so. I will then be able to unload some of the short positions that I got caught in last week at a much lower loss. After that, the dollar should lose ground again. This is classic Elliott Wave movement for a trending market.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Another Wild Ride

This was quite a start to the week. The currencies were really moving, but couldn't really decide which way to go. They went up and down with no real patterns forming. This left me with a number of trades open that I did not expect to have. The market would zig when I thought it would zag. I will see if I get can a number of these closed tomorrow.

The real key is that the day ended with the dollar losing ground again across the board to continue the trend. The question is if the trend is losing momentum and ready for a reversal?

I did 41 new trades today, closing 34 winners including 9 older trades, 0 losses, and 28 trades remain open. The net pips for today is +635.9 pips, or 18.31% gain.

Here are the daily stats for Monday, October 19, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6285	1.6421	1.6239	1.6419	182
EUR/USD	1.4882	1.4964	1.4828	1.4963	136
USD/CHF	1.0193	1.0227	1.0112	1.0112	115
USD/JPY	91.03	91.11	90.35	90.53	76
GBP/JPY	148.26	149.11	147.05	148.65	206

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Outage 2

Although I did not have another outage, I was still dealing with the outage from Thursday in managing my positions. Again today, the currencies were really erratic.

The pound especially had a wild ride today. First during the Asian session, it did a 140 pip upside down V formation during the first 8 hours of the day. Then during the European session, it did another 100 pip upside down V formation. Which direction is it going? The New York session gained some ground on the dollar before leveling off with about a 90 pip gain on the dollar.

The other currencies initially gained on the dollar during the Asian session, but lost that ground and then some during the other sessions and for the day. Thus the currencies were mixed with the pound gaining ground because of its momentum, but the euro, yen, and swissie lost ground against the dollar.

This may mean that the current trend against the dollar may reverse again next week.

I continued to be aggressive in doing damage control on the lost ground during the outage on Thursday. I did 61 new trades today, an account high. I closed 50 winners including 3 older trades, 2 losses, and 21 trades remain open. The net pips for today is -642.4 pips, or -2.47% loss. The aggressive trading limited the loss for the day to under 3%.

The 2 losses were from earlier in the week before this big move upward. I still have some positions from earlier that I may have to liquidate if the trend continues.

For the week, I still posted a gain. The net pips for the week is -124 pips, but a 15.76% gain. This is an example where the pip value can change on any trade. I made larger wins giving me a dollar gain, but the losses were lower values leaving a negative pip balance for the week.

Here are the daily stats for Friday, October 16, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6266	1.6397	1.6250	1.6353	147
EUR/USD	1.4947	1.4966	1.4848	1.4902	118
USD/CHF	1.0147	1.0222	1.0129	1.0180	93
USD/JPY	90.54	91.31	90.50	90.91	81
GBP/JPY	147.26	149.26	147.14	148.60	212

Rest assured, based on this week there will be more excitement next week.

I haven't mentioned this for a while, so here's a reminder. 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 weekend everyone!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Outage

Wow, what a day! I had a technical issue - my internet service went out for over 3 hours and it was at a very bad time when the market was really moving. Comcast had the problem already reported and didn't know how long it would be before it was restored. After it did come up, I saw the huge move and had to start damage control.

The European session had very strong movement. The pound moved over 200 pips in the hours during the outage, gaining on the dollar. At the same time, the yen started losing ground on the dollar, multiplying the effect on the pound/yen pair. Also called the PJ, it moved 475 pips for the day.

The other currencies were very erratic. At the time when the pound was charging up, the Euro was going the opposite direction retreating against the dollar. Then during the New York session, the Euro charged back up and ended the day slightly up against the dollar.

I did 49 new trades today, closing 54 winners including 12 older trades, 7 losses, and 12 trades remain open. The net pips for today is -890 pips, or -2.74% loss.

Here are the daily stats for Thursday, October 15, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5979	1.6297	1.5971	1.6268	326
EUR/USD	1.4922	1.4966	1.4842	1.4945	124
USD/CHF	1.0150	1.0195	1.0116	1.0145	79
USD/JPY	89.43	90.76	89.26	90.53	150
GBP/JPY	142.90	147.54	142.79	147.27	475

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Gaining Momentum?

The trend with the dollar losing ground continued today, but not very aggressively. It was kind of choppy across all the currencies, but each gained a little on the dollar for the day.

This kept me a little off balance, but I still did 26 new trades today. I closed 25 winners including 4 older trades, 0 losses, and 24 trades remain open. The net pips for today is +441.5 pips, or 6.41% gain.

Here are the daily stats for Wednesday, October 14, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5924	1.6022	1.5900	1.5977	122
EUR/USD	1.4853	1.4945	1.4838	1.4923	107
USD/CHF	1.0214	1.0226	1.0128	1.0149	98
USD/JPY	89.71	89.88	88.82	89.43	106
GBP/JPY	142.84	143.80	141.69	142.88	211

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Reversal for Dollar

It looks as though the worm as finally turned for the dollar. After a continued rally for the dollar that ended middle of the way through the European session, the dollar lost ground through the rest of the day. Furthermore, it looks like the much of the upcoming economic announcements will be unfavorable to the dollar.

The pound really gained on the dollar, moving over 200 pips. The rest of the currencies had much more modest gains. The formation of the pound daily chart looks like a check mark.

I posted another record in dollar amount gains for the account. I did 27 new trades today, closing 31 winners including 11 older trades, 0 losses, and 23 trades remain open. The net pips for today is +620.8 pips, or 8.43% gain.

Here are the daily stats for Tuesday, October 13, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5796	1.5926	1.5705	1.5923	221
EUR/USD	1.4772	1.4874	1.4760	1.4852	114
USD/CHF	1.0268	1.0276	1.0192	1.0214	84
USD/JPY	89.81	90.18	89.42	89.71	76
GBP/JPY	141.86	143.18	141.92	142.04	126

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Columbus Day

Some could say that Christopher Columbus was lost when he landed on San Salvador in 1492. It seems fitting that the currencies are still a little lost, not sure of which direction to go.

The pound lost ground to the US dollar for the day, but gained much of it back before the day ended forming nearly a V for the day. All the other European currencies gained on the dollar - the euro and swissie. Their movements were more like a check mark. The yen also did a V and lost a little ground to the dollar.

The majority of the movement today was during the European session. The New York session was pretty flat. My timing was a little off today, so I did not trade as much. Volume was quite light, especially on the New York session because of the bank holiday.

I did 25 new trades today, closing 23 winners including 8 older trades, 0 losses, and 27 trades remain open. The net pips today is +346.1 pips, or 5.77% gain.

Here are the daily stats for Monday, October 12, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5839	1.5880	1.5726	1.5796	154
EUR/USD	1.4729	1.4812	1.4676	1.4772	136
USD/CHF	1.0310	1.0351	1.0232	1.0269	119
USD/JPY	89.60	90.44	89.60	89.81	84
GBP/JPY	141.93	143.17	141.51	141.86	166

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

The Dollar Responds

Today, the dollar steadily gained on the currencies, especially the pound and the yen. The euro and swissie bounced a little more, but still lost ground to the dollar.

The New York session was the most active, but during the European session there was a retreat for the dollar. It was fairly mild and ultimately lost its momentum to the strength of the dollar.

The timing and duration of the daily trends that evolved kept me a little off balance. However, I still had a pretty good day. I did 32 new trades today, closing 27 winners including 3 older trades, 0 losses, and 25 trades remain open. The net pips for today is +374.7 pips, or 4.53% gain.

This was the first week that I traded 4 different currency pairs in a single day. Several days I did 3 different pairs. The open trades are all pound/dollar (GBP/USD) and pound/yen (GBP/JPY).

For the week, I set new account highs in pips and dollar amounts gained. As mentioned yesterday, I had 3 straight days that I set new dollar amount highs. The net pips for the week is +2359.1 pips, or 34.66% gain.

I have been able to replace all the losses from two weeks ago and then some.

Here are the daily stats for Friday, October 9, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6069	1.6076	1.5823	1.5839	253
EUR/USD	1.4793	1.4795	1.4672	1.4724	123
USD/CHF	1.0256	1.0351	1.0256	1.0315	95
USD/JPY	88.37	89.87	88.34	89.70	153
GBP/JPY	142.00	143.07	141.62	142.11	145

New record again

Today, the dollar lost ground against all currencies. It seems as though a new trend is starting. The prices of gold and silver are also confirmations as they are both going up.

The Asian session again was very active. The euro also had a very strong New York session. The pound bounced around, but gained ground for the day.

Because of the active sessions, I did a good volume also. I did 37 new trades today, closing 38 winners including 6 older trades, 0 losses, and 21 trades remain open. The net pips for today topped 700 at +705.2 pips, or 9.55% gain.

This was the third straight day that I set a new account record in profits in terms of dollars gained.

Here are the daily stats for Thursday, October 8, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5964	1.6117	1.5948	1.6069	169
EUR/USD	1.4688	1.4816	1.4682	1.4792	134
USD/CHF	1.0327	1.0332	1.0230	1.0257	102
USD/JPY	88.58	88.70	88.13	88.37	57
GBP/JPY	141.42	142.49	140.94	142.00	155

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Mixed Directions

Again, the currencies seem to be uncertain as to which way to go. The currencies were mixed again with only the pound gaining ground on the dollar. The other currencies - the euro, yen, and swissie all losing a small amount of ground to the dollar.

The surprise move of the day was the yen. After setting a new low since January 2009, it bounced significantly up forming a V and then continuing up before settling down. The pound/yen pair followed suit.

I did 30 new trades today, closing 27 winners including 3 older trades, 0 losses, and 22 trades remain open. The net pips for today is +522.6 pips, or 8.05% gain.

Here are the daily stats for Wednesday, October 7, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5919	1.5970	1.5857	1.5967	113
EUR/USD	1.4721	1.4735	1.4649	1.4690	86
USD/CHF	1.0267	1.0357	1.0257	1.0327	100
USD/JPY	88.80	89.38	88.00	88.58	138
GBP/JPY	141.36	141.96	139.66	141.43	230

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Repeat

Today's pound movements were almost identical to yesterday's, but with a slightly larger pip interval. Nonetheless, it still ended up as a doji for the day, finishing very near where it started. The pound had a very negative manufacturing report that came out that allowed the dollar to gain back the ground it lost during the Asian session.

However, the euro, yen, and swissie all ended the day gaining ground against the dollar.

I did 25 new trades today, closing 26 winners including 6 older trades, 0 losses, and 19 trades remain open. The net pips for today is +465.9 pips, or 7.05% gain.

Here are the daily stats for Tuesday, October 6, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5932	1.6045	1.5875	1.5918	170
EUR/USD	1.4646	1.4761	1.4645	1.4720	116
USD/CHF	1.0321	1.0323	1.0236	1.0266	87
USD/JPY	89.53	89.64	88.61	88.80	103
GBP/JPY	142.63	143.19	140.91	141.35	228

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Still Uncertain

The currencies still seem uncertain on what direction to go. The Asian market seem to have most of the moves again. Last Sunday was certainly that way, but this Sunday/Monday was much more subdued.

The dollar lost ground initially against the pound, but gained it all back by the end of the day creating another doji. The euro gained ground on the dollar for the day. The yen and swissie also had dojis ending near where the day began.

The biggest surprise for me today was the overall lack of movement. The euro, swissie, and yen had a very small interval, not even breaking 100 pips. Not only that, the European session and New York sessions were very flat.

The trends I was expecting never formed leaving some open trades on the edges of the pip interval today. I did 23 new trades today, closing 17 winners including 2 older trades, 0 losses, and 20 trades remain open. The net pips today is +290.7 pips, or 3.64% gain.

Here are the stats for Monday, October 5, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5936	1.6022	1.5900	1.5932	122
EUR/USD	1.4602	1.4668	1.4580	1.4646	88
USD/CHF	1.0330	1.0357	1.0306	1.0321	51
USD/JPY	89.44	89.96	89.38	89.53	58
GBP/JPY	142.53	143.91	142.29	142.64	162

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Special Notes

It's been so busy lately, I forgot to share some special notes.

First of all, I'm quoted several times in this month's featured article of SFO Magazine (Stocks, Futures, & Options). The article is titled "Fees Got You Frazzled?" by freelance author, Bruce Blythe. I'm quoted on pages 3 and 4. The link is below.

http://www.sfomag.com/article.aspx?ID=1406&issueID=c

Also, I thought I'd share a very meaningful post from another blog. The post is titled "Pay It Forward" from September 19, 2009. What can you do to change your life and others? Give it a read and start today. The link is below.

www.wealthmeaningoflife.blogspot.com

Friday's 18.23% gain is an account best. The more than $1,150 profit for the day is also an account best.

Til Monday - Have a great weekend.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Super Friday October

Today was the big day for the month - the day the Non Farm Payroll announcement is released. This report shows the labor statistics containing the number of new enrollments in unemployment and the overall unemployment percentage.

The Labor Department said there was a net loss of 263,000 jobs in the month, up from a revised loss of 201,000 jobs in August. This is only the second time this year that job losses rose from the previous month, as the labor market had shown slow but relatively steady improvement since a loss of 741,000 jobs in January.

September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost. The unemployment rate rose to 9.8% in September from 9.7% in August.

Initially after the announcement, the dollar gained ground. After the first 10 minutes, it steadily lost ground for most of the New York session.

I did 30 new trades today, closing 27 winners including 4 older trades, 0 losses, and 14 trades remain open. The net pips for the day is +456.7 pips, or 18.23% gain.

For the week, the net pips is +892.2 pips, or 37.65% gain.

Here are the daily stats for Friday, October 2, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5953	1.5954	1.5802	1.5928	152
EUR/USD	1.4543	1.4646	1.4480	1.4576	166
USD/CHF	1.0405	1.0435	1.0309	1.0352	126
USD/JPY	89.59	89.91	88.59	89.70	132
GBP/JPY	142.92	142.96	140.74	142.87	222

I sent out the monthly statements today. This week went a long way to making up for the losses from last week. Also, the large deposits are now in the brokerage account which will help us all. I will have a lot more flexibility now.

Stay tuned until next week. Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

The Calm Before

It's one day before the highlight of the month in the forex world - Non Farm Payroll announcement. It is the first Friday of the month. Because of this, very often the day before the Super Friday announcement the market is pretty calm.

That is what happened today for the pound at least. The European cousins the Euro and Swissie lost a fair amount of ground to the dollar. The pound and the yen were almost dojis, ending near where they began the day.

I also had a relatively light day, entering 16 new trades, closing 16 winners including 3 older trades, 0 losses, and 11 trades remain open. The net pips for the day is +216.1 pips, or 6.25% gain.

Here are the stats for Thursday, October 1, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5979	1.6022	1.5923	1.5953	99
EUR/USD	1.4643	1.4666	1.4516	1.4544	150
USD/CHF	1.0362	1.0451	1.0337	1.0405	114
USD/JPY	89.70	90.15	89.40	89.59	75
GBP/JPY	143.33	144.19	142.80	142.93	139

By the way, I will be working on the month end statements for September and getting them out.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com