A Step Up

The week ended with a weekly gain despite taking those losses on Tuesday. Friday was a little light on trading with most of the currencies losing a little ground to the dollar, but not much.

The surprise of the day was the pound. The pound lost ground from the open and ended the day over 2 cents (223 pips) lower. This was helpful because I got to clear out some old sells. However, I may be a little over extended again if it continues to lose ground. I'll see how things react on Monday.

I did 21 new trades today, closing 20 winners, 0 losses, and 21 trades remain open. The net pips for today is +308.3 pips, or a 6.73% gain.

For the week, the net pips is +757.8 pips, or a 5.64% gain.

On the SummerstreetFX account, I did 10 new trades, closing 4 winners, 0 losses, and 6 trades remain open. The net pips for today is +73.7 pips, or a 1.34% gain.

For the week with the SummerstreetFX account, the net pips is +331.1 pips, or a 5.52% gain.

Here are the daily stats for Friday, September 18, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6451	1.6451	1.6228	1.6263	223
EUR/USD	1.4740	1.4745	1.4646	1.4706	99
USD/CHF	1.0282	1.0345	1.0275	1.0295	70
USD/JPY	91.07	91.52	90.97	91.31	55
GBP/JPY	149.82	150.01	148.22	148.58	179

In addition to getting the SummerstreetFX account to trade, I added 2 more clients this week.

Again, if you need any help understanding forex or any terms, go to www.babypips.com. The lessons and encyclopedia are great learning tools. Another good website is www.chartpatterns.com.

Stay tuned for more results next week.

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Back Up To Par

Today was a good day trading. I was able to make up for nearly all the losses from Tuesday. With one day remaining this week, I should still be able to post a gain for the week.

As I expected, it was another choppy day. The currencies were still mixed. The pound ended losing a little ground to the dollar again while the euro gained setting yet another high for 2009. The swissie gained a little and the yen lost a little.

I did 25 new trades, closing 25 winners including 2 older trades, 0 losses, and 20 trades remain open. The net pips for the day is +519.1 pips, or 6.72% gain.

On the SummerstreetFX account, I did 10 new trades, closing all 10 as winners, and no open trades. The net pips for SummerstreetFX is +143.2 pips, or 2.91% gain.

Here are the daily stats for Thursday, September 17, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6491	1.6566	1.6423	1.6449	143
EUR/USD	1.4706	1.4765	1.4687	1.4740	78
USD/CHF	1.0319	1.0356	1.0274	1.0281	82
USD/JPY	90.94	91.60	90.51	91.07	109
GBP/JPY	149.98	151.15	149.56	149.81	159

I don't really expect a lot of movement one way or the other until next week. The currencies are still in too much flux. There are no major announcements tomorrow to drive the currencies one way or the other.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Letter Day

Today was a very choppy day. In fact, you could call it an alphabet day. The patterns in the currencies kept forming Vs and Ws. Momentum traders love days like this because they keep riding the currencies up and down, making money on each pass.

However, due to an appointment I had this morning, I missed the New York session when a lot of this choppiness occurred.

The pound did a couple of Ws first losing ground to the dollar during the Asian session, gaining it back during the first half of the European session. The process repeated during the second half of the European session and then gaining it back during the first half of the New York session. The second half of the New York session had smaller Ws to maintain the theme.

The Euro did pretty much the same, but gained more ground during the New York session setting another new high for 2009. The yen did a V spanning both sessions before settling to Ws during the second half of the New York session.

I got caught in some sells on the pound/yen during the bottom of its V that I may have to take some losses on. I'll wait a bit to see how tomorrow lines up.

I did 23 new trades today, closing 20 winners including 3 older trades, 0 losses, and 20 trades remain open. The net pips for the day is +386.2 pips, or 6.44% gain.

I did begin trading the SummerstreetFX account today as well. I did six trades, closing all six as winners. The net pips for this account is +114.2 pips, or 1.18% gain.

Here are the daily stats for Wednesday, September 16, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6486	1.6531	1.6430	1.6492	101
EUR/USD	1.4659	1.4735	1.4641	1.4708	94
USD/CHF	1.0348	1.0367	1.0296	1.0318	71
USD/JPY	91.04	91.35	90.11	90.93	124
GBP/JPY	150.10	150.54	148.58	149.96	196

Tomorrow should be very interesting. I expect another choppy day.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

A Bump

Today I hit a bump. The account couldn't go up indefinitely without taking a hit sooner or later.

It was a pretty wacky ride anyway. Nothing was really in sync with any other currency pair. The pound began gaining ground against the dollar during the Asian session. The euro lost a little during the Asian session while the yen and swissie lost ground against the dollar.

I missed the biggest move of the day when the pound lost nearly 250 pips against the dollar during the European session. I was taking a nap at about 3AM when the move really started to happen. I was not prepared for such a big move, especially when I was expecting the dollar to lose ground.

This left some positions over extended. When the pound continued to lose ground to the dollar during the New York session, I had to take some losses to preserve the value in the account. I took 4 sizable losses, but nothing that should not be made up in a few days.

The euro again set a new high for 2009 today against the dollar with some late New York session gains. The yen and swissie pretty much ended the day with a doji near where they started the day. The pound gained a little ground back, but lost about 100 pips for the day against the dollar.

For the day, I made 19 new trades, closing 24 winners, 4 losses, and 18 trades remain open. The net pips for the day is -794.5 pips, or -17.55% loss.

Here are the daily stats for Tuesday, September 15, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6581	1.6657	1.6401	1.6486	256
EUR/USD	1.4617	1.4684	1.4560	1.4656	124
USD/CHF	1.0346	1.0417	1.0322	1.0347	95
USD/JPY	90.92	91.63	90.77	91.01	86
GBP/JPY	150.72	151.71	149.43	150.04	228

What this means:
It's pretty unusual for the euro and pound to go in opposite directions against the dollar. This makes for some difficult trading to begin with. But when you add currencies making their major moves for the day at different times, it becomes really tough.

In other news, there was a lot of good news. I added a new client today. Also, beginning tomorrow, I will be trading another account for SummerstreetFX, the brokerage. If I continue to trade well with the new account, SummerstreetFX will bring me much more capital and other clients to trade for!

SummerstreetFX is also looking to promote me through webinars and other media to attract clients. Things are really starting to move!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Interesting Start

Today was a very interesting start to the week. I don't really know where to begin. The dollar has been losing ground to the other currencies for more than a week, but took at least a reprieve today with most of the currencies. The pound lost ground to the dollar early, then gave much of it back. The yen also gave ground to the dollar, gained some back, then lost it again. This caused the pound/yen pair to remain very confused not moving much at all, just back and forth.

The euro is the most interesting. It lost ground to the dollar, hovered back and forth, then proceeded to set another new high for 2009 during the New York session.

I guess that is why I find trading so interesting. It never ceases to throw a few surprises here and there.

Today, I did 30 new trades which began on my birthday, closing 30 winners including 6 older trades, 1 loss, and 27 trades remain open. The net pips for today is +356.7 pips, or 5.57% gain.

Here are the daily stats for Monday, September 14th, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6680	1.6685	1.6519	1.6580	166
EUR/USD	1.4605	1.4650	1.4514	1.4616	136
USD/CHF	1.0356	1.0421	1.0327	1.0346	94
USD/JPY	90.31	91.12	90.19	90.92	93
GBP/JPY	150.63	150.87	149.87	150.75	100

In other news, I added a new client over the weekend. I also got a call from SummerstreetFX. They want me to start trading a small account starting tomorrow. If I do well, more money is waiting in the wings! - A lot more money!

The momentum is really starting to grow.

Also, I may be switching bank accounts which may allow deposits to be made and posted to the account faster. The current process takes about a week by the time the checks clear.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Another Successful Week

This was another successful week wrapped up with gains in excess of 40%. There was a few obstacles that popped up including some losses, but I still posted a gain on Friday.

Today was a very interesting trading day. The timing of moves was very odd. First of all, the European currencies reached their highs of the day during the tail end of the Asian session, around 12:00 midnight here. Usually the highs come during the European session or during the New York session.

As mentioned the last couple days, if the trend continues with the dollar losing ground, I would have to have to take some losses. I did take a couple sizable losses early seeing that the dollar was losing ground early during the Asian session. I prepared for more of the same during the other sessions, but that never materialized. The European session and the New York session was pretty choppy and listless, never finding a direction to take. It was some of the calmest sessions I've seen is some time.

Meanwhile, the yen continued to gain ground on the dollar throughout the day. It had the most movement of the major currencies and did almost double the usual trading day interval. The yen also gained significant ground on the pound which should allow me to close some older trades in the next couple days.

The Euro made a new high against the dollar for 2009. The yen also set a new high (low) mark against the dollar since February, gaining significant ground past the resistance set in July. The pound made a slight advance against the dollar, then retreated and barely posted a gain for the day.

I made 33 new trades today, closing 24 winners including 2 older trades, 2 losses, and 28 trades remaining open. Because of the usual movement, I had many more open trades than expected today. On Sunday and Monday, many of those should be closed.

The net pips for the day is +23.5 pips, or 1.88% gain. I managed to make up for over the 300 negative pips on the 2 losses. Had I not taken the losses, the weekly pip total would have bested last weeks total of 2063.6 pips.

Speaking of the weekly totals, the net pips for the week is 1787.3 pips, or 40.36% gain. This is the fourth straight week of over 40% returns.

Here are the daily stats for Friday, September 11, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6648	1.6739	1.6642	1.6674	97
EUR/USD	1.4580	1.4634	1.4552	1.4579	82
USD/CHF	1.0383	1.0398	1.0339	1.0374	59
USD/JPY	91.72	91.77	90.20	90.64	157
GBP/JPY	152.70	152.85	150.46	151.12	239

I did add a new client today. I'm expecting several more clients next week. Interest continues to spread considering the track record that I've been building. I love to trade and make people money. After all, that is the only way I get paid as well.

Again, if you need any help understanding forex or any terms, go to www.babypips.com. The lessons and encyclopedia are great learning tools. Another good website is www.chartpatterns.com.

Stay tuned for more results next week.

Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Breakthrough

Today, the dollar continued to lose ground to the other major currencies. The pound finally broke through the resistance and did so convincingly setting a one month high. So did the yen, but by only about 20 pips. The Euro made a new high for 2009.

This causes some problems for my existing open trades. I will have to make a decision to take some losses or risk bigger losses if the market continues the weakening dollar trend. What caught me by surprise today is the timing of the major move. It began late during the European session when no announcements were occurring. Up to that point, the dollar was gaining ground. The trend continued through the New York session with the pound gaining more than 200 pips on the dollar.

I made a record number of trades today with 49 new trades. I closed 46 winners including 3 older trades, 0 losses, and 21 trades remain open. I also set a new account record with the net pips of +584.9 pips, or 12.84% gain.

Here are the daily stats for Thursday, September 10, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6545	1.6684	1.6479	1.6648	205
EUR/USD	1.4555	1.4612	1.4501	1.4580	111
USD/CHF	1.0410	1.0464	1.0359	1.0383	105
USD/JPY	92.02	92.24	91.41	91.72	83
GBP/JPY	152.25	153.09	151.89	152.70	120

If it comes to it, I will try to minimize the losses. Even with all the remaining open trades, the account would still be in positive territory. This is what I'm trying to protect if the trend continues.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com