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.

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

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