Thursday, December 31, 2009

Good Bye 2009

On New Years Eve 2009, the December volatility continued. The last day of the year carried more surprises, more reversals, and very active movement.

The Asian session began with the pound losing ground while at the same time the euro was gaining ground on the dollar. Then there was a quick larger move right before the European session began with the dollar losing ground. From that point, the euro retreated, but the pound continued to gain substantial ground.

The pound then reversed on itself again about 6:30 AM and fell substantially, giving up most of its gains. Then mid morning, it reversed again, then again right before the market closed at 12:00 noon EST.

Remember what I said yesterday about predictability? It's hard to find patterns when things are going in all different directions, especially when the markets are not in sync.

Nonetheless, I'm committed to this like no one else. It goes with the territory. Trading is not for everyone, but I love it.

Despite all my best efforts, the last day of the year came on a down note. The key difference was the 3 open trades from yesterday, two of which got closed out in losses. I did 31 new trades today, closing 24 winners including 1 from yesterday, and 9 losses including the other 2 from yesterday. This time, the net pips for today is a +4.5 pips, but a net loss of -1.30%. The losses from yesterday did most of the damage.

For the week, the net pips is -212.4 pips, or -0.50% loss.

I don't have the final numbers for the month compiled yet, but instead of a small gain, it will be a small loss. December was very volatile.

Here are the daily stats for Thursday, December 31, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6075 1.6233 1.6048 1.6159 185
EUR/USD 1.4337 1.4439 1.4305 1.4324 134
USD/CHF 1.0365 1.0384 1.0285 1.0353 99
USD/JPY 92.40 93.09 91.90 93.08 119
GBP/JPY 148.55 150.65 148.23 150.42 242

I did finally hear something about the Thanksgiving mess. The owner of Summerstreet has the audit report on his desk, but was not in the office this week. We'll see what kind of resolution is offered.

I will work on getting out December statements, this weekend hopefully.

Happy New Year! January will be better!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Wednesday, December 30, 2009

Predictability

When trading, the market forms patterns. With patterns, traders can anticipate what is likely to happen next and trade accordingly.

Conversely, when the market does not form patterns, trading becomes very unpredictable. Today was one of those days. For example, the Swissie and Euro did not move much today. However, just prior to the New York session, the pound really started to gain ground on the dollar. For five straight hours it continued while its European cousins (the Swissie and Euro) barely moved. In fact, for a while the currencies were moving in opposite directions. This makes trading very difficult.

The other matter that made trading difficult is that there was another reversal. For most of the day, the dollar was gaining strength on the currencies. Then came the big reversal on the pound.

I did my best to make up for the unusual activity, but came up a little short. I did 24 new trades, closing 16 winners, 5 losses, and 3 trades remain open (again, the market just flatlined about noon). It is very unusual for the market to flatline after such a big movement.

Considering the very unusual movement, the losses were limited. The net pips is -151.6 pips, or -0.01% loss. Like yesterday, due to some bigger trades, the loss was very limited even though the pip loss was sizable.

Here are the daily stats for Wednesday, December 30, 2009.

Open High Low Close Pip Interval
GBP/USD 1.5900 1.6092 1.5830 1.6075 262
EUR/USD 1.4352 1.4359 1.4272 1.4337 87
USD/CHF 1.0366 1.0420 1.0350 1.0365 70
USD/JPY 91.98 92.75 91.89 92.40 86
GBP/JPY 146.27 148.91 146.02 148.55 289

Due to the New Year's Day holiday, trading will close early on New Year's Eve. No trading will be done on Friday, New Year's Day.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Tuesday, December 29, 2009

S Day Reversal

The last couple times the market did a S pattern on its side, I've had very rough days. The first was on Nov. 30, the second was Dec. 18. This time, I recovered and managed a decent gain thanks to some bigger trades.

As it happened on those other days, the dollar lost ground during the Asian session. During the European session, the dollar gained back some ground, but bounced around a bit. Once the New York session began, the dollar gained significantly.

These reversals are really hard to anticipate, especially when no economic announcements are driving them. I did 26 new trades today, with 20 winners and 7 losses including the one from yesterday. The net pips for today is actually negative at -123 pips, but due to the larger trades I made later in the day, I posted a 0.57% gain for the day.

Here are the daily stats for Tuesday, December 29, 2009.

Open High Low Close Pip Interval
GBP/USD 1.5999 1.6065 1.5865 1.5901 200
EUR/USD 1.4377 1.4456 1.4330 1.4352 126
USD/CHF 1.0346 1.0384 1.0278 1.0366 106
USD/JPY 91.61 92.06 91.51 91.99 55
GBP/JPY 146.58 147.10 145.96 146.28 114

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Monday, December 28, 2009

Paint Dry

With some days, watching the market is like watching paint dry. Today was one of those days. The market did not move much. Whether is was the bank holiday in Canada and the UK, or the doldrums of the day after the big holiday weekend, today was pretty dead with little volume.

Because of that, I only did 7 trades, with 5 winners, 1 loss, and 1 open trade that has been open for over 12 hours with very little movement. The net pips for today is +57.7 pips, or a 0.34% gain.

By the way, I did 6 trades on Wednesday, December 23. The net pips for that day was +55.2 pips, or a 0.26% gain.

The market closed early on Christmas Eve, December 24. I did not trade that day. The market was closed on Christmas, December 25. Thus, it was a short week.

For the week last week, the net pips was -90.8 pips, or -1.36% loss for the week.

Here are the daily stats for the last several days.
First, Monday, December 28, 2009.

Open High Low Close Pip Interval
GBP/USD 1.5987 1.6012 1.5930 1.5998 82
EUR/USD 1.4382 1.4412 1.4352 1.4377 60
USD/CHF 1.0355 1.0388 1.0327 1.0346 61
USD/JPY 91.42 91.75 91.40 91.61 35
GBP/JPY 146.15 146.64 145.81 146.58 83

Here are the daily stats for Wednesday, December 23, 2009.

Open High Low Close Pip Interval
GBP/USD 1.5963 1.5991 1.5922 1.5955 69
EUR/USD 1.4248 1.4365 1.4233 1.4335 132
USD/CHF 1.0489 1.0497 1.0358 1.0387 139
USD/JPY 91.82 91.85 91.30 91.61 55
GBP/JPY 146.58 146.69 145.74 146.17 95

Here are the daily stats for Thursday, December 24, 2009.

Open High Low Close Pip Interval
GBP/USD 1.5955 1.6020 1.5926 1.5937 94
EUR/USD 1.4335 1.4416 1.4322 1.4364 94
USD/CHF 1.0387 1.0398 1.0320 1.0369 78
USD/JPY 91.61 91.76 91.12 91.68 64
GBP/JPY 146.18 146.40 145.69 146.10 71

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Tuesday, December 22, 2009

Forgetful Day

Did you ever have one of those days that you would like to forget? Today was that kind of day. The Asian session was fine, but once the European session began, it seemed as though I could not do much right.

The dollar continued its trend of gaining strength, but the timing of the moves were very odd, at least I thought so.

I did make 24 trades, with 14 winners, but 10 losses. The net pips for today is -247.7 pips, or -2.39% loss.

Here are the daily stats for Tuesday, December 22, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6036 1.6097 1.5919 1.5964 178
EUR/USD 1.4275 1.4330 1.4216 1.4248 114
USD/CHF 1.0460 1.0501 1.0441 1.0488 60
USD/JPY 91.16 91.85 90.99 91.81 86
GBP/JPY 146.19 147.03 146.00 146.58 103

Because I am leaving town to visit relatives for the Christmas weekend, I will not post any more results until next week and will suspend trading.

Merry Christmas!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Monday, December 21, 2009

Dollar Continues Trend

Throughout the month of December, the dollar has gained considerable strength against the major currencies. It has not been every day, but overall the dollar has gained between 400-900 pips. Today was another day it gained strength. It was a relatively light day and most of the movement came late during the latter part of the New York session.

I also had a relatively light day, but successful day. I did 14 trades, with 12 winners and 2 losses. The net pips today is +101.7 pips, or 0.73% gain. The tweaks of the strategies proved to work again.

Here are the daily stats for Monday, December 21, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6129 1.6161 1.6028 1.6033 133
EUR/USD 1.4321 1.4371 1.4266 1.4273 105
USD/CHF 1.0388 1.0480 1.0388 1.0462 92
USD/JPY 90.42 91.21 90.22 91.17 99
GBP/JPY 145.88 146.48 145.47 146.18 101

Since this is the week of Christmas, it will be a short week. I will likely take off Thursday and Friday for the holidays.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Friday, December 18, 2009

S Isn't Always For Super

Today was another wild one with swings all over the place. The way the day began during the Asian session, I thought I was going to get my older trades from Wednesday closed as a profit. The dollar was losing ground quickly, but it changed pretty sudden. It was only one of many direction changes.

Think of an upside down W, then a V attached the bottom of the upside down W. That is the way the currencies moved. The movement was similar to the nightmare I went through on Nov. 30th, unfortunately with similar results.

I did 37 new trades today, closing 30 winners including 5 older trades, but took 21 losses including 8 older trades. The silver lining is that there is no open trades anymore and I can start fresh again on Monday. I will be back to closing all trades by the end of the day.

The net pips for today is -1487.6 pips, or -5.97% loss. As bad as today was, the week was less severe.

The net pips for the week is -773.7 pips, or -1.89% loss.

Here are the daily stats for Friday, December 18, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6151 1.6247 1.6050 1.6134 197
EUR/USD 1.4335 1.4410 1.4260 1.4341 150
USD/CHF 1.0474 1.0494 1.0385 1.0420 109
USD/JPY 89.95 90.89 88.91 90.36 198
GBP/JPY 145.29 146.52 143.69 145.80 283

We'll do better next week.

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Thursday, December 17, 2009

Big Fast Moves

It was a very interesting day today. The dollar rallied in a big way. The Euro lost steadily during the Asian session and lost more throughout the rest of the day. The pound had a very poor retail sales report that lost a lot of ground very quickly. The yen did an upside down W pattern and ended losing just a little ground to the dollar.

All the wild action caught me a little by surprise. I did 38 new trades, closing 28 winners, 0 losses, and 10 open trades. I want to close these out by the end of the week and at this time, have closed a number of them already. I will see when the best time to take a loss on some of these, others will be/are profits.

The net pips for today is +562.9 pips, or 3.48% gain.

Here are the daily stats for Thursday, December 17, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6331 1.6338 1.6078 1.6151 260
EUR/USD 1.4529 1.4534 1.4303 1.4336 231
USD/CHF 1.0384 1.0506 1.0381 1.0474 125
USD/JPY 89.76 90.35 89.55 89.95 80
GBP/JPY 146.58 146.83 144.65 145.29 218

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Wednesday, December 16, 2009

Pound Rallies

Today, the pound gained spiked during the European and early New York session, but the other currencies didn't move that much. It then gave up half the ground it gained during the latter part of the New York session.

This kept me a little off balance again. I only did 20 trades, closing 13 winners and 4 losses. I kept 3 trades open that I thought will rebound. The net pips today is -56.3 pips, or 0.17% gain. Although their was a pip loss, I recorded a small dollar gain.

Here are the daily stats for Wednesday, December 16, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6264 1.6408 1.6229 1.6331 179
EUR/USD 1.4536 1.4588 1.4503 1.4529 85
USD/CHF 1.0401 1.0424 1.0345 1.0384 79
USD/JPY 89.59 89.96 89.37 89.76 59
GBP/JPY 145.70 146.88 145.20 146.58 168

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Tuesday, December 15, 2009

Out of Sync

Today was an interesting day regarding the movement of the major currencies. Although the dollar gained ground against all the major currencies, the movements were really out of sync. This challenged me to get a good read on what to anticipate.

For example, the Euro lost ground steadily to the dollar during the late Asian session and early European session, then leveled off. The pound zigzagged its way down during the same period, then went into a W formation during the later European session and New York session. The yen lost ground continuously throughout the day, but managed to gain a very little back at the end of the New York session. Suffice it to say, there was nothing to key off of because the currencies were moving erratically and were out of sync.

I thought I was going to have a losing day, but managed to eek out a very small gain. A profit is a profit! I made 19 trades, with 14 winners and 5 losses. The net pips for today is only +14.8 pips, or a 0.00% gain. It was too small a gain to register as a percentage.

Here are the daily stats for Tuesday, December 15, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6308 1.6316 1.6204 1.6264 112
EUR/USD 1.4655 1.4662 1.4502 1.4536 160
USD/CHF 1.0315 1.0428 1.0310 1.0401 118
USD/JPY 88.61 89.93 88.57 89.59 136
GBP/JPY 144.51 146.02 144.33 145.70 169

Since I tweaked my trading strategies, I've only had one losing day. I feel that this can continue and I can build the accounts with limited risk. Plus, I will not have any of the potential discrepancies like the one from Thanksgiving. I am still waiting on information from Summerstreet as to what happened.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Monday, December 14, 2009

Yo-Yo Day

For a Sunday/Monday, it was kind of surprising. During the middle of the Asian session, there was a big spike up where the dollar lost ground on the pound and euro. Then within the hour, it came almost all the way back down. It was a very nice spike to catch going both ways!

During the New York session, the dollar lost ground again. Thus it was like a yo-yo - up, down, and up again. During the European session, it just went back and forth, but not any bigger movements.

Today, I did 24 trades, with 20 winners and 4 losses. The net pips for today is +192.5 pips, or 0.62% gain. I feel like I'm really getting better at the tweaks to the strategies I put in last week.

Here are the daily stats for Monday, December 14, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6245 1.6322 1.6187 1.6308 135
EUR/USD 1.4616 1.4683 1.4597 1.4655 86
USD/CHF 1.0345 1.0359 1.0294 1.0315 65
USD/JPY 88.96 89.30 88.30 88.61 100
GBP/JPY 144.52 145.02 143.09 144.50 193






May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Friday, December 11, 2009

Tweaks Continue to Work

The changes in my strategies implemented this week are working quite well. There is more on this in the results for the day.

The dollar got a strong push during the New York session today, especially on the Euro, Swissie, and Yen. The Pound did lose a little ground to the dollar, but not much. Earlier in the day, the dollar was losing ground to all the currencies, but reversed thanks to some favorable Consumer price reports released.

I did 38 trades today, with 32 winners and 6 losses. The net pips for today is +229.2 pips, or 0.50% gain. By closing all open trades by the end of the day is limiting the overall risk. Thus, I have more frequent losses, but much smaller. The most important thing is the continued growth of the account without exposure to greater risk.

The total net pips for the week is +604.6 pips, or 1.59% gain.

Here are the daily results for Friday, December 11, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6276 1.6335 1.6194 1.6249 141
EUR/USD 1.4729 1.4774 1.4584 1.4620 190
USD/CHF 1.0258 1.0367 1.0233 1.0344 134
USD/JPY 88.18 89.79 88.17 89.09 162
GBP/JPY 143.54 145.61 143.50 144.77 211

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Thursday, December 10, 2009

W Repeat

Although the timings were a little different from yesterday, the results were pretty much the same. The currencies were up and down again forming a W pattern, working also in a few smaller V's. The intervals are also smaller, but it was a repeat from yesterday.

I did have better results again today. I did 12 trades, all winners! The net pips for today is +272.2 pips, or a 0.81% gain.

Here are the daily stats for Thursday, December 10, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6258 1.6344 1.6213 1.6276 131
EUR/USD 1.4723 1.4758 1.4683 1.4730 75
USD/CHF 1.0266 1.0300 1.0236 1.0258 64
USD/JPY 87.85 88.43 87.72 88.19 71
GBP/JPY 142.82 144.35 142.44 143.54 191

Wednesday, December 9, 2009

Tweaks Working

Today was much better. The tweaks to my strategies worked very well, especially for such an up and down day.

Most of the currencies formed a W pattern today. This pattern can be very frustrating unless you recognize the pattern early enough. At the end of the Asian session, the dollar gained. At the beginning of the European session, the dollar really retreated. Then at the end of the European session, the dollar gained again. At the end of the New York session, the dollar retreated again. Which way is up???

I only did 14 trades today, 12 winners and 2 losses. The net pips for today is +173.8 pips, or 0.51% gain.

Here are the daily stats for Wednesday, December 9, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6284 1.6373 1.6165 1.6258 208
EUR/USD 1.4702 1.4780 1.4667 1.4724 113
USD/CHF 1.0268 1.0299 1.0217 1.0266 82
USD/JPY 88.42 88.67 87.35 87.85 132
GBP/JPY 143.98 144.28 141.96 142.82 232






I did send out November statements today with an explanation and an apology for the lateness.

Here is another reminder - if you need any help understanding forex or any terms, go to www.babypips.com. The lessons and encyclopedia are great learning tools. Another good website is www.chartpatterns.com.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Tuesday, December 8, 2009

Tweaks

It will take a bit to get used to these new strategies, but it will work out in the long run. You cannot change habits simply overnight.

The dollar really had a good run today against all the currencies except the yen. The yen had its own ideas and gained significant ground.

Today, I did 19 trades, with 13 winners and 6 losses. However, the losses overwhelmed the winners with the net pips totalling -123.7 pips, or -0.03% loss. Some of the tweaks will be to cut the losses shorter on days like today where the movements had almost no bounces.

Here are the daily stats for Tuesday, December 8, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6443 1.6474 1.6254 1.6284 220
EUR/USD 1.4825 1.4865 1.4679 1.4701 186
USD/CHF 1.0193 1.0285 1.0163 1.0268 122
USD/JPY 89.49 89.51 88.16 88.42 135
GBP/JPY 147.14 147.17 143.54 143.98 363

On other news, Summerstreet is still looking into the discrepancy. However, I will get an update and the statements out tomorrow.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Monday, December 7, 2009

New Platform

While Summerstreet is looking into the discrepancy from Thanksgiving night, they decided to put me on a different platform and an affiliated brokerage. I'm not sure of all the benefits of this, but I'll wait and see.

They were able to get me up and running only this morning. So, like last week, it was a light trading day. The markets seesawed back and forth, producing mixed results. The pound and yen gained, the euro and swissie lost ground to the dollar. Mainly, the dollar made gains early during the Asian and European sessions, then lost ground during the New York session.

Because I was not up until basically the New York session, it was a light trading day. I made 9 trades, 7 winners and 2 losses. The net pips today is +53.1 pips, or 0.02% gain.

Here are the daily stats for Monday, December 7, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6423 1.6513 1.6311 1.6443 202
EUR/USD 1.4857 1.4903 1.4755 1.4825 148
USD/CHF 1.0163 1.0242 1.0136 1.0193 106
USD/JPY 90.13 90.36 89.02 89.49 134
GBP/JPY 148.01 148.75 146.59 147.14 216

Please remember the historical significance of this date in history and pay homage to all of those who paid the ultimate sacrifice. Thank you!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Friday, December 4, 2009

December Super Friday

It is Super Friday time again, the first Friday of the month when the US government releases the Non-Farm Payroll numbers. This is also known as the change in unemployment.

The report was very favorable for the US economy, shedding only 11,000 jobs in November. This is the fewest jobs lost since December 2007, the start of this recession, the worse since the 1930s. This gave the currency markets and the stock market some hope for continued signs of recovery.

The overall unemployment number released was down to 10% unemployment from 10.2%.

However, job creation is still so weak that more than 15 million out-of-work Americans face fierce competition for few openings. Until the economy starts adding jobs, we will not be out of the woods for a long time yet.

The news did really give the dollar a boost across all the major currencies. They all lost 2 to 3 cents (200-300 pips) to the dollar. Check out the pip intervals below, much higher than normal.

As for my trading, I did not trade today. Summerstreet is still looking into the discrepancy that happened on Thanksgiving Day. My account is still disabled while the inquiry continues.

For the week, the net pips is -820.2 pips, or 2.57% loss. This only included trading on Monday and very light trading on Wednesday and Thursday. No trades were made on Tuesday or Friday.

Here are the daily stats for Friday, December 4, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6538 1.6673 1.6420 1.6450 253
EUR/USD 1.5052 1.5089 1.4820 1.4850 269
USD/CHF 1.0009 1.0190 0.9986 1.0162 204
USD/JPY 88.25 90.75 87.98 90.39 277
GBP/JPY 145.95 149.05 145.40 148.70 365

Because the inquiry is still ongoing, November statements will be delayed.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Thursday, December 3, 2009

Changes Part II

Today was not a whole lot different from yesterday, except that the markets reversed course and pretty much ended up where they started yesterday.

Trading volume is still heavier than normal.

As for the discrepancy from Thanksgiving, Summerstreet is investigating it now that I've provided the details of what to look for. In the meantime, they disabled my account this morning while they are investigating.

Prior to disabling my account, I did make two new trades, both winners. The net pips for today is +36 pips, or 0.01% gain.

Here are the daily stats for Thursday, December 3, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6626 1.6719 1.6529 1.6538 190
EUR/USD 1.5042 1.5139 1.5041 1.5052 98
USD/CHF 1.0017 1.0019 0.9959 1.0009 60
USD/JPY 87.37 88.46 87.35 88.25 111
GBP/JPY 145.26 146.82 145.24 145.95 158

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Wednesday, December 2, 2009

Changes

The trading volumes on the currencies are finally starting to diminish a bit, but they are still quite a bit higher than normal. The movement today was a little less than the very volatile moves of the past week.

Because of these reasons and some others, I am instituting some changes to my strategies. For the time being and maybe indefinitely, I will no longer have carry over trades from one day to the next. I will have tighter stop loss limits and will trade less. All of this will mean that I will have more frequent losses, but much smaller. This will really slow down the gains, but lower the risk at the same time.

As for the discrepancy from Thanksgiving, I got a line on the problem. We will see if we can resolve it.

I only made 7 new trades today, closing 4 winners and 3 losses. The net pips today is +31 pips, or a 0.00% gain. The gain was so small, it was less than 1/100 of a percent.

Here are the daily stats for Wednesday, December 2, 2009.

Open High Low Close Pip Interval
GBP/USD 1.6605 1.6693 1.6548 1.6626 145
EUR/USD 1.5079 1.5108 1.5031 1.5042 77
USD/CHF 0.9993 1.0025 0.9977 1.0018 48
USD/JPY 86.68 87.47 86.58 87.36 89
GBP/JPY 143.93 145.70 143.77 145.26 193

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Tuesday, December 1, 2009

Wild Turkey

I'm not sure what was up last week (Thanksgiving), but the daily trading volumes across the currencies were really up, nearly double what they were just a couple weeks ago.

Today, the pound was the big winner gaining nearly 200 pips by day's end against the dollar. The other currencies also gained on the dollar, with the yen as the exception which lost just a little ground. The biggest movement of the day was during the European session.

I took the day off from trading, still hurting from the beating I took on Monday. I'll see how tomorrow lines up before I jump back in again.

Here are the daily stats for Tuesday, December 1, 2009 (wow, December already!).

Open High Low Close Pip Interval
GBP/USD 1.6438 1.6645 1.6390 1.6608 255
EUR/USD 1.5002 1.5116 1.4970 1.5079 146
USD/CHF 1.0052 1.0074 0.9968 0.9993 106
USD/JPY 86.39 87.51 86.15 86.67 136
GBP/JPY 142.01 144.39 141.61 143.96 278

I'll try to get month end statements out by the end of the week.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com