Hump Day

Wednesday is hump day because it is in the middle of the week. Once you're past the middle, it's downhill to the weekend. Today, the euro and yen imitated a hump. They started going up and then later in the day retreated back around their starting point.

The yen came close to its starting point forming a doji, but the euro didn't quite make it and gained on the dollar for the day. The pound couldn't make up its mind and was stagnant most of the day. When the New York session started, then it decided to follow suit and lose ground against the dollar. Keeping up with the theme of indecision for the week, the pound lost and the euro gained. When the currencies travel in opposite directions like that, the markets are somewhat confused.

Because of the lighter movement and the mixed directions, I traded less today. I only did 13 new trades today, closing 14 winners including 4 older trades, and 0 losses. The net pips for today is +223.2 pips, or 0.45% gain.

Here are the daily stats for Wednesday, November 18, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6810	1.6844	1.6712	1.6745	132
EUR/USD	1.4875	1.4989	1.4858	1.4961	131
USD/CHF	1.0160	1.0167	1.0076	1.0097	91
USD/JPY	89.23	89.47	89.00	89.31	47
GBP/JPY	150.00	150.30	149.36	149.54	94

Today, SummerstreetFX and I began working on the details of our partnership finally. I will have more details later.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com