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.

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