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