Paper trade: USD/CHF all stopped out @ 1.03099 and 1.0300

My last half of USD/CHF long just got stopped out @ 1.0300. As shown in Figure 1, USD/CHF is now in bearish territory. I’m going to wait and see if the support at 1.0300 can hold tonight.

Here are the statistics for my two trades (each 1/2 position counts as a trade):

Entry: 1.032, full position at 6000 units

Stopped out: 1.03099 and 1.0300

Net Pips: -10.10, -20

Net $: -$3.03, -$6.01

Time Held: 32 minutes, 83 hours

% Drawdown: -0.10%, -0.19%

% from Top: 0.30%, 0.61%

In hindsight, I should have paid more attention to the short term trend. The break of the recent trendline should have been a warning sign against going long. As I’m still trying to work out the details to this strategy, these paper trades have been tremendously helpful.

USD/CHF

USD/CHF 30-min

Related posts:

1. Paper trade: USD/CHF entry 1.0320, stop 1.0300
2. Paper trade: Long EUR/USD 50% @ 1.49212, stopped out @ 1.4875 (-46.2 pips)
3. Paper trade: USD/CAD long 1.07426, stopped out 1.06999 (-42.7 pips)
4. Paper trade: USD/CHF short @ 1.0296, out @ 1.03013
5. Paper trade: Stopped USDCAD short @ 1.0540 for +131 pips