Reversal for Dollar

It looks as though the worm as finally turned for the dollar. After a continued rally for the dollar that ended middle of the way through the European session, the dollar lost ground through the rest of the day. Furthermore, it looks like the much of the upcoming economic announcements will be unfavorable to the dollar.

The pound really gained on the dollar, moving over 200 pips. The rest of the currencies had much more modest gains. The formation of the pound daily chart looks like a check mark.

I posted another record in dollar amount gains for the account. I did 27 new trades today, closing 31 winners including 11 older trades, 0 losses, and 23 trades remain open. The net pips for today is +620.8 pips, or 8.43% gain.

Here are the daily stats for Tuesday, October 13, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5796	1.5926	1.5705	1.5923	221
EUR/USD	1.4772	1.4874	1.4760	1.4852	114
USD/CHF	1.0268	1.0276	1.0192	1.0214	84
USD/JPY	89.81	90.18	89.42	89.71	76
GBP/JPY	141.86	143.18	141.92	142.04	126

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com