Ack! There wasn’t much follow-through on the bearish signals from this system, so early exits were triggered on new crossovers. Did these catch gains, though?
EUR/USD had a short position left open but the pair just paced back and forth in a small range before reversing course. A bullish crossover materialized, closing the position out for nearly a hundred-pip loss.
Soon enough, a new long signal was generated on a small dip, and I’m keeping my robot fingers crossed that this fares much better.
Cable also had a short position left from the previous update that was almost immediately cut out on a new crossover, also for a bit of a loss. It took some time for a long signal to be generated, though, as stochastic couldn’t quite hit oversold levels on the earlier dips.
Lastly, I seem to have jinxed the EUR/JPY short position when I thought it was gaining bearish traction. I actually thought it’d dip low enough to at least have the trailing stop activated.
Still, the position had to be closed on a new crossover, also at a loss, before a long signal followed.
Here are the latest positions:
A fresh batch of long positions have been opened and, try as I might to be optimistic about this bunch, I’m slightly worried that this set could wind up with triple losses, too. I guess I just gotta remind myself to trust the system since it has shown a pretty solid track record, right?