High Volumes

The surprising note about today is that the trading volumes are unusually high. Maybe it's because of the holiday week of Thanksgiving in the US that everyone wants to get their trading done beforehand. Or maybe it's because that traders all saw a reversal forming against the dollar and jumped in. Whatever the reason, the trading volumes were the highest of the month of November.

It began right before the start of the European session. For the next couple hours, the market moved the majority of the movement for the day. The rest of the day was relatively flat.

It was a light day of trading for me however. I did 13 new trades, closing 15 winners including the 9 older trades that were in profit from last Friday, and 0 losses. The net pips for today is +342.8 pips, or 1.43% gain.

Here are the daily stats for Monday, November 23, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6493	1.6646	1.6471	1.6602	175
EUR/USD	1.4853	1.4997	1.4831	1.4959	166
USD/CHF	1.0183	1.0197	1.0071	1.0099	126
USD/JPY	88.82	89.17	88.56	88.95	61
GBP/JPY	146.49	148.18	146.26	147.68	192

Because of the holiday week, I would expect trading to be relatively flat. Time will tell.

The other note of the day, more deposits were added to the brokerage account - yeah! I also got a new client today. Welcome!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com