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

By Paul | Published: October 7, 2009

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

USD/CHF, 3-hour

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  1. Paper trade: Long USD/CHF @ 1.009, out 1.0245 (+155 pips)
  2. Paper trade: USD/CHF out at 1.03998 (+50 pips) and 1.03798 (+30 pips)
  3. Paper trade: Long EUR/USD 50% @ 1.49212, stopped out @ 1.4875 (-46.2 pips)
  4. Paper trade: Covered NZD/USD @ 0.74302 (-60 pips) and AUD/USD @ 0.90917 (-88 pips)
  5. Paper trade: Short NZD/USD @ 0.7520, out 0.7308 (+212 pips)
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