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