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