[LearningToPimpPips]

With the ranging in the G/Y pair, I started to look at the USD/CHF pair. I spent some time over the weekend picking S/R and scalp lines.

I took a long trade this morning on USD/CHF at 1.0306. There isn't a lot of history in this range for this pair, so all the information is pretty recent since March.

This looked to be a good line as there were a couple bounces from it, and every time time it crossed, it went for at least 40 pips.

Rather than a S/R trade with 2 positions, I intended to treat this as a scalp trade as I get to know the lines on this pair.

I entered with a mini lot at 1.0306 with a s/l at 1.0280 and a t/p at 1.0340. A goal of 30 pips.

Unfortunately, I got stopped out.


pips for week: -30 (-$29.18)
new balance: 3491.82

Further update:
My 30 pips would have been made if not for a 35 pip retrace. I may need to think about allowing more breathing room on this pair.