Paper trade: USD/CHF sold at 1.03138 (+39.10 pips)

USD/CHF didn’t bounce as planned. Although my trailing stop did keep me some of the profit. But considering that the high of USD/CHF during my holding was 1.03598, this isn’t exactly good. However, as I’m focusing on the daily, I don’t want to micro-manage my trades either. So I guess this trade went as planned. USD/CHF has broken down below 1.0280 now and looks to be moving down. I’m not going to try this again just yet because I have a couple long USD positions open already with my short AUD/USD and NZD/USD.

USD/CHF, 3-hour

Related posts:

1. Paper trade: USD/CHF out at 1.03998 (+50 pips) and 1.03798 (+30 pips)
2. Paper trade: Long USD/CHF @ 1.009, out 1.0245 (+155 pips)
3. Paper trade: Short GBP/USD 50% @ 1.634, Out 1.645 (-110 pips)
4. Paper trade: Long EUR/USD 50% @ 1.49212, stopped out @ 1.4875 (-46.2 pips)
5. Paper trade: Covered NZD/USD @ 0.74302 (-60 pips) and AUD/USD @ 0.90917 (-88 pips)