I have moved the stoploss up from 1.4946 to 1.5065.

The price action has stalled briefly at 138 points above the entry, and by moving the stop to the current Kumo/Kijun level we have effectively halved the risk involved with this trade whilst still giving the price action plenty of room to breath.

I'll move it again if/when the Kumo reach our initial entry point in order to break even, and then will follow the bottom of the Kumo as it progresses upwards in order to lock in profits.

Finally, our USD/CHF trade has experienced a brief up trend. If it continues it will reach our stop, and our risk of only 1 lot of 1.5% will prove to have been justified. If it reverses and the trade turns in our direction, I'll follow the same stoploss management technique as outline above.

Happy trading all,

Cord