High Volumes Part II

Today was another day of high volumes across the major currencies, even higher than yesterday. It was also a day where the currencies were all over the place. Many times during the day the European cousins (the pound, euro, and swiss franc) were moving in opposite directions.

This makes it very difficult to trade successfully. I did 35 new trades today, closing 29 winners including 10 older trades, and 0 losses. The choppiness led to more open trades than I like so I will focus the rest of the week on closing open trades while the market should be relatively flat.

The net pips for today is +438.6 pips, or 1.78% gain.

Here are the daily stats for Tuesday, November 24, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6602	1.6616	1.6495	1.6586	121
EUR/USD	1.4959	1.4987	1.4887	1.4967	100
USD/CHF	1.0099	1.0151	1.0075	1.0086	76
USD/JPY	88.95	89.04	88.33	88.47	71
GBP/JPY	147.67	147.87	146.20	146.74	167

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com