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