Wild Action Continues

Today was another really wild ride. It was another day where the volume was really heavy. When I thought that last week was going to be relatively flat, I was dead wrong.

Today's movement was especially tough to decipher. The best way to describe them is like a backward S lying on its back. The pound and the euro first started to gain strength against the dollar during the Asian session. After teetering for a while, they began zigzagging downward as the dollar gained strength. Later in the day during the New York session, they gained some strength back against the dollar.

Today was just dreadful for me. I did 28 new trades today, closing 23 winners including 3 older trades, and 10 losses. The net pips for today is -887.2 pips, or -2.77% loss.

Here are the daily stats for Monday, November 30, 2009.

GBP/USD	1.6520	1.6590	1.6378	1.6438	212
EUR/USD	1.5016	1.5082	1.4963	1.5003	119
USD/CHF	1.0040	1.0074	0.9992	1.0051	82
USD/JPY	86.78	86.84	85.84	86.40	100
GBP/JPY	143.35	143.88	141.00	142.02	288

And from last week, here are the daily stats for Friday, November 27, 2009.

GBP/USD	1.6530	1.6533	1.6270	1.6461	263
EUR/USD	1.5018	1.5018	1.4827	1.4961	191
USD/CHF	1.0026	1.0174	1.0024	1.0061	150
USD/JPY	86.56	87.00	84.81	86.47	219
GBP/JPY	143.09	143.45	139.28	142.33	417

Here are the daily stats from Thanksgiving, Thursday, November 26, 2009.

GBP/USD	1.6702	1.6723	1.6465	1.6530	258
EUR/USD	1.5132	1.5140	1.4958	1.5018	182
USD/CHF	1.0020	1.0069	0.9990	1.0025	79
USD/JPY	87.33	87.46	86.28	86.56	118
GBP/JPY	145.85	146.16	142.50	143.08	366

I will have to pass on the rest of the results from last week later. There is another discrepancy I have to settle with the brokerage. Some trades got closed on Thanksgiving day that were not supposed to be closed. This is the second time this has happened and I am very upset with Summerstreet. I may have to change brokerages if this cannot be resolved. I'm supposed to talk to the owner of the brokerage tomorrow, who was traveling today.

On another note, the market really beat me up today. I am going to take some time off to shake this off. It is not good to trade on emotion, and I am really upset. There is more to come later.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com