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