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