With regards to SummerstreetFX, the issue is still not over. I'm looking for the right legal experience to handle the matter. On other options, decisions must be made carefully. Once executed, they cannot be undone.
I'm still reviewing other brokerages and trying to find the right one. I should make a decision within the next week or two.
On the trading front, I've been a little sidetracked with all of the extra-curricular activities. On limited trading, I did post a 0.68% gain for the week in the demo account which is another step in the right direction.
I will keep you posted on further developments.
The Pipmaster
Email: titangroupfx@gmail.com
Friday, January 29, 2010
Monday, January 25, 2010
Progress
I am looking at a number of new brokerages. Two of them are in Switzerland - both highly respected and have been around a long time. They are Saxo Bank and Dukascopy. The other one I'm checking into is in the UK.
So far I'm looking at international brokerages due to the changes being contemplated by the CFTC. If they implement the new maximum leverage of 10:1 on retail accounts, most of the retail forex currency market will be eliminated. For all practical purposes it would require the smallest of accounts to be in excess of $50,000. Even then, the flexibility and margin needed would be difficult at best to trade.
These rules should not affect international brokers, or the FIFO and no hedging rules implemented last August by the NFA.
Meanwhile, I've been doing limited trading on a demo account in the US and made a decent gain since last Wed. of 4.27%. It's too bad demo does not count. The key is to keep my trading skills sharp and regain my winning edge.
Regarding SummerstreetFX, I'm looking into several possible actions. Taking legal action is one, another is filing a formal complaint with a governing body. Either one may apply some pressure on them to offer a settlement for the trade manipulations that occurred on Thanksgiving.
I will keep you updated.
The Pipmaster
Email: titangroupfx@gmail.com
So far I'm looking at international brokerages due to the changes being contemplated by the CFTC. If they implement the new maximum leverage of 10:1 on retail accounts, most of the retail forex currency market will be eliminated. For all practical purposes it would require the smallest of accounts to be in excess of $50,000. Even then, the flexibility and margin needed would be difficult at best to trade.
These rules should not affect international brokers, or the FIFO and no hedging rules implemented last August by the NFA.
Meanwhile, I've been doing limited trading on a demo account in the US and made a decent gain since last Wed. of 4.27%. It's too bad demo does not count. The key is to keep my trading skills sharp and regain my winning edge.
Regarding SummerstreetFX, I'm looking into several possible actions. Taking legal action is one, another is filing a formal complaint with a governing body. Either one may apply some pressure on them to offer a settlement for the trade manipulations that occurred on Thanksgiving.
I will keep you updated.
The Pipmaster
Email: titangroupfx@gmail.com
Thursday, January 21, 2010
Brokerage Relationship Terminated
The big news today is that the relationship with SummerstreetFX appears to now be over. My patience was exhausted over the incident on Thanksgiving.
That evening I came home to find that many of my trades were closed out in losses. My request to find out what happened received only vague answers which I was not satisfied with. I did my own research from their trading reports to find out that several of my trades were altered without authorization which ultimately caused all my open trades to be closed, many with losses.
When I sent SummerstreetFX the documentation of the trades being changed, they denied it and still do. The owner ordered an independent audit of the server to see what was done. He informed me in early January that the audit report showed nothing. I didn't believe that. He said that he would mail me the audit report. 3 weeks later, I still have not seen the audit report.
As I said, my patience was exhausted. Not only did he not send the audit report, he rarely returned phone calls or follow through on other agreements. This is not acceptable for a strong partnership.
If nothing fraudulent occurred on Thanksgiving, why would he not send the audit report to confirm that? Even though I sent them the documentation which clearly showed my trades being changed, why still deny it?
I finally got a chance to speak to the owner today and it got pretty ugly. I simply asked for the audit report and other agreements to be followed through, and he got hostile saying I wasn't attracting enough new capital.
I have to be comfortable where the money is deposited, and quite simply I'm not. If they cannot keep their agreements and allow shenanigans like the one on Thanksgiving to occur, I cannot stay with them. There are other smaller issues as well, but I will not go into them here.
Needless to say, I need to change brokerages. I still need to make up for those losses, but it will be done somewhere else.
Also, I will have to consider if I am to escalate the matter further.
I will keep you posted.
The Pipmaster
Email: titangroupfx@gmail.com
That evening I came home to find that many of my trades were closed out in losses. My request to find out what happened received only vague answers which I was not satisfied with. I did my own research from their trading reports to find out that several of my trades were altered without authorization which ultimately caused all my open trades to be closed, many with losses.
When I sent SummerstreetFX the documentation of the trades being changed, they denied it and still do. The owner ordered an independent audit of the server to see what was done. He informed me in early January that the audit report showed nothing. I didn't believe that. He said that he would mail me the audit report. 3 weeks later, I still have not seen the audit report.
As I said, my patience was exhausted. Not only did he not send the audit report, he rarely returned phone calls or follow through on other agreements. This is not acceptable for a strong partnership.
If nothing fraudulent occurred on Thanksgiving, why would he not send the audit report to confirm that? Even though I sent them the documentation which clearly showed my trades being changed, why still deny it?
I finally got a chance to speak to the owner today and it got pretty ugly. I simply asked for the audit report and other agreements to be followed through, and he got hostile saying I wasn't attracting enough new capital.
I have to be comfortable where the money is deposited, and quite simply I'm not. If they cannot keep their agreements and allow shenanigans like the one on Thanksgiving to occur, I cannot stay with them. There are other smaller issues as well, but I will not go into them here.
Needless to say, I need to change brokerages. I still need to make up for those losses, but it will be done somewhere else.
Also, I will have to consider if I am to escalate the matter further.
I will keep you posted.
The Pipmaster
Email: titangroupfx@gmail.com
Tuesday, January 19, 2010
Changes in Forex - End of Retail Trading?
This is to provide some background information to the forex industry. There are a number of changes being considered that will significantly change the industry if implemented.
I received this email from one forum that I am in:
Hello thepipmaster,
The CFTC has some new rules they'd like to implement. One of them could
spell the end of retail forex trading as we know it. If you thought what
the NFA did last year was bad, you really won't like this...
http://www.forexpeacearmy.com/forex-forum/showthread.php?t=8342
I will keep you posted on the developments and on my own recovery efforts.
The Pipmaster
Email: titangroupfx@gmail.com
I received this email from one forum that I am in:
Hello thepipmaster,
The CFTC has some new rules they'd like to implement. One of them could
spell the end of retail forex trading as we know it. If you thought what
the NFA did last year was bad, you really won't like this...
http://www.forexpeacearmy.com/
I will keep you posted on the developments and on my own recovery efforts.
The Pipmaster
Email: titangroupfx@gmail.com
Monday, January 18, 2010
Reset
There are a couple of updates that I need to do. First, today's trading was another loss. Unfortunately, I'm having a very difficult time with this volatile market. I'm suspending trading for a while until I work this out (I still trade in demo accounts where the money is not real).
The second update is that I still have not received word from SummerstreetFX regarding the Thanksgiving incident. The last report I got was that they were going to send me the independent audit report from that day. I still have not received it. I'm really starting to lose my patience. After all, it's been 7+ weeks. The owner did indicate that the report did not show anything. This is expressly disappointing because I have proof from their own trading reports that some of my trades were changed. At this point I will have to finally have to make some decisions with respect to the relationship with SummerstreetFX. The decisions will not be easy or pleasant, but I don't feel comfortable with the relationship continuing unless something changes quickly. The wait and see time is passed.
Anyway, today's results were not good again. I did 15 new trades, closing 14 winners including 4 from Friday, 8 losses including 3 from Friday. 2 of the losses from Friday were really bad. The net pips for today is -233.2 pips, or -3.13% loss.
Here are the daily stats for Monday, January 18, 2010.
Again, I'm suspending trading until further notice. I have to gain my winning edge back. Also, I may be changing brokerages.
The Pipmaster
Email: titangroupfx@gmail.com
The second update is that I still have not received word from SummerstreetFX regarding the Thanksgiving incident. The last report I got was that they were going to send me the independent audit report from that day. I still have not received it. I'm really starting to lose my patience. After all, it's been 7+ weeks. The owner did indicate that the report did not show anything. This is expressly disappointing because I have proof from their own trading reports that some of my trades were changed. At this point I will have to finally have to make some decisions with respect to the relationship with SummerstreetFX. The decisions will not be easy or pleasant, but I don't feel comfortable with the relationship continuing unless something changes quickly. The wait and see time is passed.
Anyway, today's results were not good again. I did 15 new trades, closing 14 winners including 4 from Friday, 8 losses including 3 from Friday. 2 of the losses from Friday were really bad. The net pips for today is -233.2 pips, or -3.13% loss.
Here are the daily stats for Monday, January 18, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6272 | 1.6376 | 1.6249 | 1.6338 | 127 |
| EUR/USD | 1.4360 | 1.4399 | 1.4334 | 1.4381 | 65 |
| USD/CHF | 1.0273 | 1.0290 | 1.0235 | 1.0247 | 55 |
| USD/JPY | 90.83 | 91.04 | 90.61 | 90.77 | 43 |
| GBP/JPY | 147.80 | 148.85 | 147.47 | 148.29 | 138 |
Again, I'm suspending trading until further notice. I have to gain my winning edge back. Also, I may be changing brokerages.
The Pipmaster
Email: titangroupfx@gmail.com
Friday, January 15, 2010
The Trend Reverses
The dollar got a reprieve today. Instead of continuing a string of 5 days of losing ground to the pound, it finally reversed. In a week of many reversals, the biggest one came during the New York session.
The euro also lost ground today, but did it steadily throughout the day. Much of its losses came during the Asian session. By the time the New York session came around, the euro had nearly flatlined. So, to continue a very confusing week, the currencies moved at different times (what a shock!).
I did 33 new trades today, closing 24 winners, 2 losses, and 7 trades remain open. I left a number of trades open today because of several appointments I had today and had to cut the trading day short. The net pips today is +105.9 pips, or 1.05% gain.
For the week, it wasn't a good showing. This volatile week was really rough on the results. The net pips for the week -301 pips, or a -3.36% loss.
Here are the daily stats for Friday, January 15, 2010.
Believe me, I will find a way to get back my mojo. The last several weeks have been really rough, but trading is like that. It's like a hitters slump in baseball. It sometimes takes a bit to come out of the slump.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The euro also lost ground today, but did it steadily throughout the day. Much of its losses came during the Asian session. By the time the New York session came around, the euro had nearly flatlined. So, to continue a very confusing week, the currencies moved at different times (what a shock!).
I did 33 new trades today, closing 24 winners, 2 losses, and 7 trades remain open. I left a number of trades open today because of several appointments I had today and had to cut the trading day short. The net pips today is +105.9 pips, or 1.05% gain.
For the week, it wasn't a good showing. This volatile week was really rough on the results. The net pips for the week -301 pips, or a -3.36% loss.
Here are the daily stats for Friday, January 15, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6332 | 1.6353 | 1.6208 | 1.6254 | 145 |
| EUR/USD | 1.4498 | 1.4510 | 1.4336 | 1.4378 | 174 |
| USD/CHF | 1.0185 | 1.0285 | 1.0179 | 1.0259 | 106 |
| USD/JPY | 91.18 | 91.30 | 90.58 | 90.78 | 72 |
| GBP/JPY | 148.92 | 149.16 | 147.11 | 147.56 | 205 |
Believe me, I will find a way to get back my mojo. The last several weeks have been really rough, but trading is like that. It's like a hitters slump in baseball. It sometimes takes a bit to come out of the slump.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Thursday, January 14, 2010
Choppiness Continues
Today was another day where the market had a hard time finding a direction. It went back and forth with no particular rhythm, timing, or pattern. Unfortunately, I had another rather rough outing because of this.
I did 17 new trades today, closing 11 winners, 8 losses including the 2 from yesterday. The net pips for today is -389.4 pips, or -2.87% loss. It was brutal today, and I will get more conservative again until the market starts acting more normal. One trade in particular was really bad.
Here are the daily stats for Thursday, January 14, 2010.
I will turn these losses around. The market has been very tough and erratic lately.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
I did 17 new trades today, closing 11 winners, 8 losses including the 2 from yesterday. The net pips for today is -389.4 pips, or -2.87% loss. It was brutal today, and I will get more conservative again until the market starts acting more normal. One trade in particular was really bad.
Here are the daily stats for Thursday, January 14, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6278 | 1.6344 | 1.6248 | 1.6331 | 96 |
| EUR/USD | 1.4509 | 1.4554 | 1.4457 | 1.4497 | 97 |
| USD/CHF | 1.0180 | 1.0227 | 1.0158 | 1.0186 | 69 |
| USD/JPY | 91.36 | 92.03 | 90.82 | 91.18 | 121 |
| GBP/JPY | 148.71 | 149.96 | 148.32 | 148.91 | 164 |
I will turn these losses around. The market has been very tough and erratic lately.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Wednesday, January 13, 2010
Tough Hump Day
I took my lumps today on the midweek day known as hump day. The remaining open trades from yesterday accounted for most of the damage. However, if the dollar continues its losing ways for the last five days, it could have been worse.
The pound was very choppy, but gained ground steadily on the dollar all day long, especially during the European session. The euro gained ground during the same time, but gave most of it back during the New York session. Thus we had another case of the currencies moving against each other. This can be so frustrating when trying to anticipate market moves.
I made 23 new trades today, closing 21 winners including 1 from yesterday, 4 losses including 3 from yesterday, and 2 trades remain open. The net pips for today is -233.8 pips, or -2.62% loss. I got caught being a little too aggressive yesterday and paid for it with the losses on some bigger trades.
Here are the daily stats for Wednesday, January 13, 2010.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The pound was very choppy, but gained ground steadily on the dollar all day long, especially during the European session. The euro gained ground during the same time, but gave most of it back during the New York session. Thus we had another case of the currencies moving against each other. This can be so frustrating when trying to anticipate market moves.
I made 23 new trades today, closing 21 winners including 1 from yesterday, 4 losses including 3 from yesterday, and 2 trades remain open. The net pips for today is -233.8 pips, or -2.62% loss. I got caught being a little too aggressive yesterday and paid for it with the losses on some bigger trades.
Here are the daily stats for Wednesday, January 13, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6161 | 1.6303 | 1.6133 | 1.6278 | 170 |
| EUR/USD | 1.4485 | 1.4577 | 1.4455 | 1.4509 | 122 |
| USD/CHF | 1.0184 | 1.0217 | 1.0137 | 1.0180 | 80 |
| USD/JPY | 90.96 | 91.54 | 90.89 | 91.36 | 65 |
| GBP/JPY | 147.00 | 148.99 | 146.66 | 148.71 | 233 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Tuesday, January 12, 2010
More Reversals
Today was another wild one. The intervals weren't huge, but the volumes and the number of reversals were big. During the pre-hours of the European session, the market was just going nuts back and forth with no direction.
I had a active day, doing 37 new trades, closing 29 winners, 4 losses, and 4 trades remain open. The net pips for today is +101.3 pips, or 0.01% gain.
During the New York session, the market really stalled so I am looking for a better opportunity to close the open trades.
Here are the daily stats for Tuesday, January 12, 2010.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
I had a active day, doing 37 new trades, closing 29 winners, 4 losses, and 4 trades remain open. The net pips for today is +101.3 pips, or 0.01% gain.
During the New York session, the market really stalled so I am looking for a better opportunity to close the open trades.
Here are the daily stats for Tuesday, January 12, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6111 | 1.6192 | 1.6061 | 1.6161 | 131 |
| EUR/USD | 1.4511 | 1.4544 | 1.4452 | 1.4485 | 92 |
| USD/CHF | 1.0162 | 1.0207 | 1.0143 | 1.0184 | 64 |
| USD/JPY | 92.07 | 92.41 | 90.71 | 90.97 | 170 |
| GBP/JPY | 148.33 | 148.58 | 146.61 | 147.01 | 197 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Monday, January 11, 2010
Getting in the Groove
Although the volume today was still on the heavy side and there was more reversals, today turned out pretty good.
Initially during the Asian session, the dollar lost ground. This continued through most of the European session, but gained most of the ground back during the New York session.
I did 27 new trades today, closing 23 winners and 4 losses. The net pips for today is +115 pips, or 0.93% gain. Considering on how volatile December was, this is the third straight day of gains. I feel as though I'm getting back in the groove.
Here are the daily stats for Monday, January 11, 2010.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Initially during the Asian session, the dollar lost ground. This continued through most of the European session, but gained most of the ground back during the New York session.
I did 27 new trades today, closing 23 winners and 4 losses. The net pips for today is +115 pips, or 0.93% gain. Considering on how volatile December was, this is the third straight day of gains. I feel as though I'm getting back in the groove.
Here are the daily stats for Monday, January 11, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6052 | 1.6191 | 1.6044 | 1.6111 | 147 |
| EUR/USD | 1.4425 | 1.4555 | 1.4407 | 1.4511 | 148 |
| USD/CHF | 1.0228 | 1.0240 | 1.0129 | 1.0162 | 111 |
| USD/JPY | 92.53 | 92.64 | 91.80 | 92.07 | 84 |
| GBP/JPY | 148.52 | 149.54 | 148.02 | 148.33 | 152 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Friday, January 8, 2010
January Super Friday
It's Super Friday time again, the first Friday of the month when the US government releases unemployment data, call the Non Farm Payroll report.
It was not good news for the jobless. 85,000 more people reported to be unemployed for the first time last month, significantly worse than expected. Employers still are not hiring because they have a lack of confidence in the economic recovery steps the government has taken. It also appears that more of the continued jobless are giving up looking for work.
This was not good news for the US dollar. The dollar took a sizable loss against the other currencies after the announcement, then experienced another reversal. It recovered all its losses, but by the end of the day, gave back about half of the ground it lost originally.
It was an active day for me. I did 33 trades, with 28 winners and 5 losses. The net pips for today is +134.1 pips, or a 0.28% gain. The wild reversals kept it from being a much better day.
For the week, it was a small net loss of -107.1 pips, or a -1.69% loss.
Here are the daily stats for Friday, January 8, 2010.
It will sure be nice when the market settles down a bit. I should be able to post some sizable gains again.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
It was not good news for the jobless. 85,000 more people reported to be unemployed for the first time last month, significantly worse than expected. Employers still are not hiring because they have a lack of confidence in the economic recovery steps the government has taken. It also appears that more of the continued jobless are giving up looking for work.
This was not good news for the US dollar. The dollar took a sizable loss against the other currencies after the announcement, then experienced another reversal. It recovered all its losses, but by the end of the day, gave back about half of the ground it lost originally.
It was an active day for me. I did 33 trades, with 28 winners and 5 losses. The net pips for today is +134.1 pips, or a 0.28% gain. The wild reversals kept it from being a much better day.
For the week, it was a small net loss of -107.1 pips, or a -1.69% loss.
Here are the daily stats for Friday, January 8, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.5928 | 1.6108 | 1.5913 | 1.6024 | 195 |
| EUR/USD | 1.4306 | 1.4437 | 1.4262 | 1.4411 | 175 |
| USD/CHF | 1.0339 | 1.0383 | 1.0215 | 1.0232 | 168 |
| USD/JPY | 93.35 | 93.75 | 92.27 | 92.62 | 148 |
| GBP/JPY | 148.69 | 149.42 | 148.00 | 148.41 | 142 |
It will sure be nice when the market settles down a bit. I should be able to post some sizable gains again.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Thursday, January 7, 2010
Back on Track
Although the volumes were still heavy today, the volatility was subdued. The dollar gained throughout the day against the other currencies.
I was very conservative today trying to get back on a winning track. I only did 5 trades today, all winners. The net pips for today is +57.9 pips, or a 0.32% gain.
Here are the daily stats for Thursday, January 7, 2010.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
I was very conservative today trying to get back on a winning track. I only did 5 trades today, all winners. The net pips for today is +57.9 pips, or a 0.32% gain.
Here are the daily stats for Thursday, January 7, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6015 | 1.6056 | 1.5894 | 1.5931 | 162 |
| EUR/USD | 1.4406 | 1.4445 | 1.4295 | 1.4306 | 150 |
| USD/CHF | 1.0275 | 1.0369 | 1.0239 | 1.0339 | 130 |
| USD/JPY | 92.30 | 93.38 | 92.09 | 93.35 | 129 |
| GBP/JPY | 147.81 | 148.71 | 147.01 | 148.71 | 170 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Wednesday, January 6, 2010
Which Way Part II
Wednesday was another choppy day where the market was filled with reversals. It was almost like watching a heart monitor, albeit with very irregular heartbeats. There were heavy volumes again as the market was very active. The difference today from yesterday is the dollar ended up losing ground rather than gaining ground.
The currencies continued to be out of sync for periods during the day, making it difficult to get confirmations of market movement. The euro gained a little ground from the European session on after a drop during the Asian session. The pound was back and forth all day, but at irregular timings and big movements. In the end, the pound gained ground as well.
Today, I made 14 trades, closing 9 winners including 1 from yesterday, and 7 losses including the other open trade from yesterday. The net pips today is -179 pips, or -0.75% loss.
I've been having a rather difficult time with this choppiness for some reason, so I will pull back a little and not be as aggressive until the market starts following patterns again.
Here are the daily stats for Wednesday, January 6, 2010.
December statements did get sent out.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The currencies continued to be out of sync for periods during the day, making it difficult to get confirmations of market movement. The euro gained a little ground from the European session on after a drop during the Asian session. The pound was back and forth all day, but at irregular timings and big movements. In the end, the pound gained ground as well.
Today, I made 14 trades, closing 9 winners including 1 from yesterday, and 7 losses including the other open trade from yesterday. The net pips today is -179 pips, or -0.75% loss.
I've been having a rather difficult time with this choppiness for some reason, so I will pull back a little and not be as aggressive until the market starts following patterns again.
Here are the daily stats for Wednesday, January 6, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.5989 | 1.6061 | 1.5936 | 1.6015 | 125 |
| EUR/USD | 1.4364 | 1.4433 | 1.4282 | 1.4405 | 151 |
| USD/CHF | 1.0333 | 1.0378 | 1.0248 | 1.0275 | 130 |
| USD/JPY | 91.69 | 92.73 | 91.51 | 92.30 | 122 |
| GBP/JPY | 146.60 | 148.40 | 145.95 | 147.81 | 245 |
December statements did get sent out.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Which Way?
Today was another one the market was trying to figure out which direction to go. Again, there were many reversals, but in the end the dollar gained ground.
The results were better though. I made 25 trades, closing 15 winners, 8 losses, and 2 remain open. The net pips for today is +29.6 pips, or 0.15% gain.
Here are the daily stats for Tuesday, January 5, 2010.
December statements will be sent out tomorrow.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The results were better though. I made 25 trades, closing 15 winners, 8 losses, and 2 remain open. The net pips for today is +29.6 pips, or 0.15% gain.
Here are the daily stats for Tuesday, January 5, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6082 | 1.6151 | 1.5963 | 1.5989 | 188 |
| EUR/USD | 1.4411 | 1.4482 | 1.4345 | 1.4364 | 137 |
| USD/CHF | 1.0296 | 1.0359 | 1.0251 | 1.0333 | 108 |
| USD/JPY | 92.49 | 92.53 | 91.24 | 91.69 | 129 |
| GBP/JPY | 148.75 | 149.10 | 146.08 | 146.60 | 302 |
December statements will be sent out tomorrow.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Monday, January 4, 2010
A Bumpy Start
On the first trading day of the new year, it was another wild ride with high volumes. There was at least 7 major reversals on the pound alone as the currencies were all over the place.
The pound and euro gained a lot of ground on the dollar during the European session, but the pound gave it all back, while the euro did not. It was another case of the currencies moving against each other in opposite directions.
It was a frustrating day for me because of this. I made 28 trades, closing 21 winners and 7 losses. Unfortunately, the losses were larger posting a loss on the first day of the year. The net pips for today is -149.7 pips, or -1.68% loss.
I will make some tweaks to the strategies as long as the markets are this volatile. The last several days have been very frustrating.
Here are the daily stats for Monday, January 4, 2010.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The pound and euro gained a lot of ground on the dollar during the European session, but the pound gave it all back, while the euro did not. It was another case of the currencies moving against each other in opposite directions.
It was a frustrating day for me because of this. I made 28 trades, closing 21 winners and 7 losses. Unfortunately, the losses were larger posting a loss on the first day of the year. The net pips for today is -149.7 pips, or -1.68% loss.
I will make some tweaks to the strategies as long as the markets are this volatile. The last several days have been very frustrating.
Here are the daily stats for Monday, January 4, 2010.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6108 | 1.6238 | 1.6056 | 1.6084 | 182 |
| EUR/USD | 1.4306 | 1.4454 | 1.4256 | 1.4411 | 198 |
| USD/CHF | 1.0364 | 1.0417 | 1.0262 | 1.0297 | 155 |
| USD/JPY | 93.05 | 93.20 | 92.17 | 92.49 | 103 |
| GBP/JPY | 149.89 | 150.66 | 148.61 | 148.77 | 205 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
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