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