Mixed Directions

Again, the currencies seem to be uncertain as to which way to go. The currencies were mixed again with only the pound gaining ground on the dollar. The other currencies - the euro, yen, and swissie all losing a small amount of ground to the dollar.

The surprise move of the day was the yen. After setting a new low since January 2009, it bounced significantly up forming a V and then continuing up before settling down. The pound/yen pair followed suit.

I did 30 new trades today, closing 27 winners including 3 older trades, 0 losses, and 22 trades remain open. The net pips for today is +522.6 pips, or 8.05% gain.

Here are the daily stats for Wednesday, October 7, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5919	1.5970	1.5857	1.5967	113
EUR/USD	1.4721	1.4735	1.4649	1.4690	86
USD/CHF	1.0267	1.0357	1.0257	1.0327	100
USD/JPY	88.80	89.38	88.00	88.58	138
GBP/JPY	141.36	141.96	139.66	141.43	230

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Repeat

Today's pound movements were almost identical to yesterday's, but with a slightly larger pip interval. Nonetheless, it still ended up as a doji for the day, finishing very near where it started. The pound had a very negative manufacturing report that came out that allowed the dollar to gain back the ground it lost during the Asian session.

However, the euro, yen, and swissie all ended the day gaining ground against the dollar.

I did 25 new trades today, closing 26 winners including 6 older trades, 0 losses, and 19 trades remain open. The net pips for today is +465.9 pips, or 7.05% gain.

Here are the daily stats for Tuesday, October 6, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5932	1.6045	1.5875	1.5918	170
EUR/USD	1.4646	1.4761	1.4645	1.4720	116
USD/CHF	1.0321	1.0323	1.0236	1.0266	87
USD/JPY	89.53	89.64	88.61	88.80	103
GBP/JPY	142.63	143.19	140.91	141.35	228

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Still Uncertain

The currencies still seem uncertain on what direction to go. The Asian market seem to have most of the moves again. Last Sunday was certainly that way, but this Sunday/Monday was much more subdued.

The dollar lost ground initially against the pound, but gained it all back by the end of the day creating another doji. The euro gained ground on the dollar for the day. The yen and swissie also had dojis ending near where the day began.

The biggest surprise for me today was the overall lack of movement. The euro, swissie, and yen had a very small interval, not even breaking 100 pips. Not only that, the European session and New York sessions were very flat.

The trends I was expecting never formed leaving some open trades on the edges of the pip interval today. I did 23 new trades today, closing 17 winners including 2 older trades, 0 losses, and 20 trades remain open. The net pips today is +290.7 pips, or 3.64% gain.

Here are the stats for Monday, October 5, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5936	1.6022	1.5900	1.5932	122
EUR/USD	1.4602	1.4668	1.4580	1.4646	88
USD/CHF	1.0330	1.0357	1.0306	1.0321	51
USD/JPY	89.44	89.96	89.38	89.53	58
GBP/JPY	142.53	143.91	142.29	142.64	162

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Special Notes

It's been so busy lately, I forgot to share some special notes.

First of all, I'm quoted several times in this month's featured article of SFO Magazine (Stocks, Futures, & Options). The article is titled "Fees Got You Frazzled?" by freelance author, Bruce Blythe. I'm quoted on pages 3 and 4. The link is below.

http://www.sfomag.com/article.aspx?ID=1406&issueID=c

Also, I thought I'd share a very meaningful post from another blog. The post is titled "Pay It Forward" from September 19, 2009. What can you do to change your life and others? Give it a read and start today. The link is below.

www.wealthmeaningoflife.blogspot.com

Friday's 18.23% gain is an account best. The more than $1,150 profit for the day is also an account best.

Til Monday - Have a great weekend.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Super Friday October

Today was the big day for the month - the day the Non Farm Payroll announcement is released. This report shows the labor statistics containing the number of new enrollments in unemployment and the overall unemployment percentage.

The Labor Department said there was a net loss of 263,000 jobs in the month, up from a revised loss of 201,000 jobs in August. This is only the second time this year that job losses rose from the previous month, as the labor market had shown slow but relatively steady improvement since a loss of 741,000 jobs in January.

September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost. The unemployment rate rose to 9.8% in September from 9.7% in August.

Initially after the announcement, the dollar gained ground. After the first 10 minutes, it steadily lost ground for most of the New York session.

I did 30 new trades today, closing 27 winners including 4 older trades, 0 losses, and 14 trades remain open. The net pips for the day is +456.7 pips, or 18.23% gain.

For the week, the net pips is +892.2 pips, or 37.65% gain.

Here are the daily stats for Friday, October 2, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5953	1.5954	1.5802	1.5928	152
EUR/USD	1.4543	1.4646	1.4480	1.4576	166
USD/CHF	1.0405	1.0435	1.0309	1.0352	126
USD/JPY	89.59	89.91	88.59	89.70	132
GBP/JPY	142.92	142.96	140.74	142.87	222

I sent out the monthly statements today. This week went a long way to making up for the losses from last week. Also, the large deposits are now in the brokerage account which will help us all. I will have a lot more flexibility now.

Stay tuned until next week. Have a great weekend!

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

The Calm Before

It's one day before the highlight of the month in the forex world - Non Farm Payroll announcement. It is the first Friday of the month. Because of this, very often the day before the Super Friday announcement the market is pretty calm.

That is what happened today for the pound at least. The European cousins the Euro and Swissie lost a fair amount of ground to the dollar. The pound and the yen were almost dojis, ending near where they began the day.

I also had a relatively light day, entering 16 new trades, closing 16 winners including 3 older trades, 0 losses, and 11 trades remain open. The net pips for the day is +216.1 pips, or 6.25% gain.

Here are the stats for Thursday, October 1, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5979	1.6022	1.5923	1.5953	99
EUR/USD	1.4643	1.4666	1.4516	1.4544	150
USD/CHF	1.0362	1.0451	1.0337	1.0405	114
USD/JPY	89.70	90.15	89.40	89.59	75
GBP/JPY	143.33	144.19	142.80	142.93	139

By the way, I will be working on the month end statements for September and getting them out.

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com

Direction, What Direction

It appears that the currencies are trying to find a direction to move, but are uncertain which way to go. The Asian session began with the dollar losing ground consistently. This continued through European session until the tail end. It then did an about face. The dollar then gained all the ground lost forming an upside down V in a matter of 2 hours. The rest of the New York session bounced back and forth, not really doing much.

The Euro and Swissie did similar moves although the Swissie losing ground was more pronounced during the late European session. The yen went back and forth all day.

So, which way to go? Stay tuned to find out.

Today, I did 31 new trades, closing 24 winners including 1 older trade, 2 losses, and 11 trades remain open. The net pips for today is +48.3 pips, or 4.33% gain.

Here are the stats for Wednesday, September 30, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.5960	1.6123	1.5943	1.5980	180
EUR/USD	1.4585	1.4672	1.4574	1.4639	98
USD/CHF	1.0361	1.0447	1.0282	1.0360	165
USD/JPY	90.06	90.39	89.34	89.69	105
GBP/JPY	143.74	144.50	142.81	143.33	169

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com