Curve Balls

Wow, today was a wild one! Despite the market being flat for much of the day, when it moved, it really moved. There was a negative inflation report from the Bank of England that came out at 4:30 AM that really brought back the dollar in a big way. This surprise came after a positive claimant count report (unemployment) in England. The whipsaw action caused me some problems which I ultimately had to take some hits and have a negative day. This wiped out a really positive day prior to that.

Can you hit a curve ball? I missed today.

During the New York session with the banks being closed for Veterans Day, the trend continued. Meanwhile, the euro and yen did a backward S formation (lying on its side) for the day. The swissie is getting very close to being on par (even) with the US dollar, the first time since early 2008.

I did 39 new trades today, closing 35 winners including 3 older trades, and 3 losses. The net pips for today is -33.9 pips, or -0.71% loss.

Here are the daily stats for Wednesday, November 11, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6743	1.6795	1.6534	1.6572	261
EUR/USD	1.4992	1.5047	1.4952	1.4985	95
USD/CHF	1.0073	1.0098	1.0034	1.0077	64
USD/JPY	89.79	90.02	89.27	89.83	75
GBP/JPY	150.32	151.12	148.53	148.86	259

Also, I did get a new client today and expect a number of deposits over the next week. The more the merrier with everyone winning.

I just want to give a special thanks for all the sacrifices veterans have made for us over the years, especially those that paid the ultimate price. We thank you!!!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com