Trade Update and why you have to use stops

Last night, I covered half my US/CHF short with a $130.00 profit. Then I moved my stop up to b/e (where I originally shorted)...thankfully.

The Swiss National Bank came in and bought the Euro/CHF and US/CHF, thus creating the longest bar you will ever see. By moving up my S/L, I was stopped out with no loss. In the next post I'll discuss what the SNB did, because it was very interesting.

I am still short US/Yen and shorted more when we got some rotation. In my medium term account, I am short CAD/Yen.