A Round of Dojis

The currencies had good movement today, but the net effect turned out to be dojis. The dollar initially gained ground during the Asian session. Then, during the European session it was up and down. However, during the New York session, the dollar lost ground again returning the currencies to very close to where the day began forming the dojis.

The pound did gain a little ground as did the Euro, but the swissie ended exactly where it began, while the yen was 1 pip away.

The good up and down action during the day was good for me. I did 40 new trades today, closing 32 winners including 3 older trades, and 0 losses. The net pips for today +566.2 pips, or 1.14% gain.

Tomorrow is Super Friday again, so it should be interesting. The forecast is lower unemployment numbers which should be good for the dollar. Another announcement looks to be positive for the pound, so it may be another up and down day.

Here are the stats for Thursday, November 5, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6551	1.6633	1.6465	1.6580	168
EUR/USD	1.4860	1.4916	1.4810	1.4870	106
USD/CHF	1.0159	1.0192	1.0131	1.0160	61
USD/JPY	90.71	90.84	89.98	90.70	86
GBP/JPY	150.14	150.56	148.51	150.39	205

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com