Trends seem to be picking up once more, but I hope I didn’t jinx these open positions on the SMA Crossover Pullback system. Here they are!
EUR/USD had a short position left open from the earlier update, but this had to be closed on a new upward crossover for a loss. A long stochastic pullback signal soon followed, and this seems to be gaining a bit of bullish momentum.
Cable had a new bullish crossover from my earlier update, and this one was followed by a long stochastic signal. It’s up by roughly a hundred pips so far, and I’m keeping my robot fingers crossed that the trailing stop can be activated soon.
Lastly, EUR/JPY had a topsy-turvy ride in the previous week but the latest long position is doing well as the trailing stop is already in place. At least I can rest easy on this one!
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
This adds to last week’s set of small losses, but I’m not too worried since my sensors are picking up on positive trends for the European currencies. Besides, risk appetite appears to be returning to the markets and weighing on both the dollar and yen, but I still can’t help but stay on the lookout for a fresh set of jitters from Syria or China returning.
All pairs have open (and correlated, yikes!) positions left, with EUR/JPY having a risk-free run on its long position.
ICYMI, check out this system’s performance for Q1 2018!