Friday, October 9, 2009

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

No comments:

Post a Comment