I decided to take some time off over the Thanksgiving holiday weekend. I will post the results on Monday.
I hope you all had a great holiday weekend and remembered all the things we should be thankful for.
Happy Thanksgiving!
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Friday, November 27, 2009
Wednesday, November 25, 2009
High Volumes Part III
I'm not sure what has got into the market this week, but it has been wild. Today's volumes across the major currencies were even higher than each of the previous two days. Also, instead of being relatively flat, the last day and a half the dollar has taken a beating. If it continues tomorrow, we are very likely into wave 5 of the Elliott Wave.
If that is the case, I will have to dump some short positions against the dollar. I've been hesitant to do that because I thought that this would be a flat week and not a lot of movement. It is a slow week of economic announcements, and because of the Thanksgiving holiday in the US, it should be slow and flat.
So far, that has not been the case. I have left a lot of positions open that I will have to close because it is really eating up my margin. We will see what tomorrow brings.
Today also marked the first time since March 2008 that the Swiss Franc is worth more than the US dollar. It crossed par value during the European session and gained further ground during the New York session. The pound and euro both gain significant ground against the dollar. The euro really shot up midway through the New York session.
Anyway, I did a lot of trading today trying to manage my positions. I made 50 new trades today, closing 45 winners including 11 older trades, and 0 losses. The net pips for today is +940.7 pips, or 5.79% gain.
Here are the daily stats for Wednesday, November 25, 2009.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
If that is the case, I will have to dump some short positions against the dollar. I've been hesitant to do that because I thought that this would be a flat week and not a lot of movement. It is a slow week of economic announcements, and because of the Thanksgiving holiday in the US, it should be slow and flat.
So far, that has not been the case. I have left a lot of positions open that I will have to close because it is really eating up my margin. We will see what tomorrow brings.
Today also marked the first time since March 2008 that the Swiss Franc is worth more than the US dollar. It crossed par value during the European session and gained further ground during the New York session. The pound and euro both gain significant ground against the dollar. The euro really shot up midway through the New York session.
Anyway, I did a lot of trading today trying to manage my positions. I made 50 new trades today, closing 45 winners including 11 older trades, and 0 losses. The net pips for today is +940.7 pips, or 5.79% gain.
Here are the daily stats for Wednesday, November 25, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6586 | 1.6743 | 1.6574 | 1.6702 | 169 |
| EUR/USD | 1.4967 | 1.5143 | 1.4954 | 1.5132 | 189 |
| USD/CHF | 1.0085 | 1.0094 | 0.9955 | 0.9963 | 139 |
| USD/JPY | 88.47 | 88.61 | 87.20 | 87.33 | 141 |
| GBP/JPY | 146.74 | 147.61 | 145.60 | 145.85 | 201 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Tuesday, November 24, 2009
High Volumes Part II
Today was another day of high volumes across the major currencies, even higher than yesterday. It was also a day where the currencies were all over the place. Many times during the day the European cousins (the pound, euro, and swiss franc) were moving in opposite directions.
This makes it very difficult to trade successfully. I did 35 new trades today, closing 29 winners including 10 older trades, and 0 losses. The choppiness led to more open trades than I like so I will focus the rest of the week on closing open trades while the market should be relatively flat.
The net pips for today is +438.6 pips, or 1.78% gain.
Here are the daily stats for Tuesday, November 24, 2009.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
This makes it very difficult to trade successfully. I did 35 new trades today, closing 29 winners including 10 older trades, and 0 losses. The choppiness led to more open trades than I like so I will focus the rest of the week on closing open trades while the market should be relatively flat.
The net pips for today is +438.6 pips, or 1.78% gain.
Here are the daily stats for Tuesday, November 24, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6602 | 1.6616 | 1.6495 | 1.6586 | 121 |
| EUR/USD | 1.4959 | 1.4987 | 1.4887 | 1.4967 | 100 |
| USD/CHF | 1.0099 | 1.0151 | 1.0075 | 1.0086 | 76 |
| USD/JPY | 88.95 | 89.04 | 88.33 | 88.47 | 71 |
| GBP/JPY | 147.67 | 147.87 | 146.20 | 146.74 | 167 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Monday, November 23, 2009
High Volumes
The surprising note about today is that the trading volumes are unusually high. Maybe it's because of the holiday week of Thanksgiving in the US that everyone wants to get their trading done beforehand. Or maybe it's because that traders all saw a reversal forming against the dollar and jumped in. Whatever the reason, the trading volumes were the highest of the month of November.
It began right before the start of the European session. For the next couple hours, the market moved the majority of the movement for the day. The rest of the day was relatively flat.
It was a light day of trading for me however. I did 13 new trades, closing 15 winners including the 9 older trades that were in profit from last Friday, and 0 losses. The net pips for today is +342.8 pips, or 1.43% gain.
Here are the daily stats for Monday, November 23, 2009.
Because of the holiday week, I would expect trading to be relatively flat. Time will tell.
The other note of the day, more deposits were added to the brokerage account - yeah! I also got a new client today. Welcome!
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
It began right before the start of the European session. For the next couple hours, the market moved the majority of the movement for the day. The rest of the day was relatively flat.
It was a light day of trading for me however. I did 13 new trades, closing 15 winners including the 9 older trades that were in profit from last Friday, and 0 losses. The net pips for today is +342.8 pips, or 1.43% gain.
Here are the daily stats for Monday, November 23, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6493 | 1.6646 | 1.6471 | 1.6602 | 175 |
| EUR/USD | 1.4853 | 1.4997 | 1.4831 | 1.4959 | 166 |
| USD/CHF | 1.0183 | 1.0197 | 1.0071 | 1.0099 | 126 |
| USD/JPY | 88.82 | 89.17 | 88.56 | 88.95 | 61 |
| GBP/JPY | 146.49 | 148.18 | 146.26 | 147.68 | 192 |
Because of the holiday week, I would expect trading to be relatively flat. Time will tell.
The other note of the day, more deposits were added to the brokerage account - yeah! I also got a new client today. Welcome!
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Friday, November 20, 2009
Pound Takes a Beating
Today, the pound really slid throughout the European session, losing over 200 pips. The other currencies lost ground to the dollar, but not nearly as much.
This is the third straight day the pound has lost ground to the dollar. It has retreated back to nearly where it began at the beginning of the month. This has allowed me to clear out a number of older trades in profit, which is good.
I did 23 new trades today, closing 16 winners including 4 older trades, and 0 losses. I have 9 trades in positive territory that I'm holding for more profit if the market continues its trend. The net pips for today is +426.8 pips, or 1.49% gain.
For the week, the net pips is +2117.9 pips, or 5.73% gain.
Here are the daily stats for Friday, November 20, 2009.
Have a great weekend.
I made corrections to the daily and weekly numbers.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
This is the third straight day the pound has lost ground to the dollar. It has retreated back to nearly where it began at the beginning of the month. This has allowed me to clear out a number of older trades in profit, which is good.
I did 23 new trades today, closing 16 winners including 4 older trades, and 0 losses. I have 9 trades in positive territory that I'm holding for more profit if the market continues its trend. The net pips for today is +426.8 pips, or 1.49% gain.
For the week, the net pips is +2117.9 pips, or 5.73% gain.
Here are the daily stats for Friday, November 20, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6665 | 1.6673 | 1.6458 | 1.6504 | 215 |
| EUR/USD | 1.4923 | 1.4933 | 1.4800 | 1.4861 | 133 |
| USD/CHF | 1.0130 | 1.0221 | 1.0121 | 1.0174 | 100 |
| USD/JPY | 88.96 | 89.12 | 88.67 | 88.82 | 45 |
| GBP/JPY | 148.25 | 148.37 | 146.42 | 146.60 | 195 |
Have a great weekend.
I made corrections to the daily and weekly numbers.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Thursday, November 19, 2009
More Unusual Moves
Although the total movement today wasn't unusual, the timing and lengths of the moves were. Or, maybe I was just really out of sync with the market. I think it was more the former, but that is irrelevant.
All the European currencies lost ground to the dollar, but the yen gained ground. Thus, the pound/yen was the big mover today.
I did 33 new trades today, closing 25 winners including 7 older trades, and o losses. The net pips for today is +485 pips, or 1.52% gain.
Here are the daily stats for Thursday, November 19, 2009.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
All the European currencies lost ground to the dollar, but the yen gained ground. Thus, the pound/yen was the big mover today.
I did 33 new trades today, closing 25 winners including 7 older trades, and o losses. The net pips for today is +485 pips, or 1.52% gain.
Here are the daily stats for Thursday, November 19, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6747 | 1.6750 | 1.6604 | 1.6665 | 146 |
| EUR/USD | 1.4961 | 1.4964 | 1.4842 | 1.4924 | 122 |
| USD/CHF | 1.0097 | 1.0194 | 1.0093 | 1.0128 | 101 |
| USD/JPY | 89.30 | 89.42 | 88.62 | 88.95 | 80 |
| GBP/JPY | 149.55 | 149.64 | 147.29 | 148.25 | 235 |
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Wednesday, November 18, 2009
Hump Day
Wednesday is hump day because it is in the middle of the week. Once you're past the middle, it's downhill to the weekend. Today, the euro and yen imitated a hump. They started going up and then later in the day retreated back around their starting point.
The yen came close to its starting point forming a doji, but the euro didn't quite make it and gained on the dollar for the day. The pound couldn't make up its mind and was stagnant most of the day. When the New York session started, then it decided to follow suit and lose ground against the dollar. Keeping up with the theme of indecision for the week, the pound lost and the euro gained. When the currencies travel in opposite directions like that, the markets are somewhat confused.
Because of the lighter movement and the mixed directions, I traded less today. I only did 13 new trades today, closing 14 winners including 4 older trades, and 0 losses. The net pips for today is +223.2 pips, or 0.45% gain.
Here are the daily stats for Wednesday, November 18, 2009.
Today, SummerstreetFX and I began working on the details of our partnership finally. I will have more details later.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
The yen came close to its starting point forming a doji, but the euro didn't quite make it and gained on the dollar for the day. The pound couldn't make up its mind and was stagnant most of the day. When the New York session started, then it decided to follow suit and lose ground against the dollar. Keeping up with the theme of indecision for the week, the pound lost and the euro gained. When the currencies travel in opposite directions like that, the markets are somewhat confused.
Because of the lighter movement and the mixed directions, I traded less today. I only did 13 new trades today, closing 14 winners including 4 older trades, and 0 losses. The net pips for today is +223.2 pips, or 0.45% gain.
Here are the daily stats for Wednesday, November 18, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.6810 | 1.6844 | 1.6712 | 1.6745 | 132 |
| EUR/USD | 1.4875 | 1.4989 | 1.4858 | 1.4961 | 131 |
| USD/CHF | 1.0160 | 1.0167 | 1.0076 | 1.0097 | 91 |
| USD/JPY | 89.23 | 89.47 | 89.00 | 89.31 | 47 |
| GBP/JPY | 150.00 | 150.30 | 149.36 | 149.54 | 94 |
Today, SummerstreetFX and I began working on the details of our partnership finally. I will have more details later.
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
Subscribe to:
Posts (Atom)
