The short position on EUR/JPY finally hit its target, but a couple of early exits snapped off some gains. How did the numbers turn out?
EUR/USD had a new crossover in the earlier update, and this was soon followed by a stochastic pullback signal to go long.
Unfortunately this had to be closed early on a new crossover, just a good 30 pips above the position’s full stop. A short position was opened almost immediately as stochastic dropped from the overbought region.
Cable also had a long position left open from the previous update and this had to be closed early on a new crossover, too. Unlike EUR/USD, though, this early exit managed to snag a few pips.
A short signal materialized right after, and this one might have its trailing stop in place soon.
EUR/JPY carried on with its downtrend and eventually hit the full profit target for a 300-pip win. Woot woot!
Here are the latest positions:
While the open short position on EUR/USD has yet to gain traction, Cable is looking pretty good with the trailing stop nearly activated. Think the system can follow through with another set of wins next week?