After its dismal performance the other week, has this mechanical system been able to recover with the latest batch of signals? Take a look.
EUR/USD had a bearish crossover in the earlier update, which was followed by a stochastic pullback signal to short. Unfortunately, the tide turned again and the pair hit its stop loss before another crossover materialized. Back-to-back losses for this one, ugh!
Cable also had a bearish crossover that was followed by a stochastic short signal. Fortunately for this one, downside momentum gained more traction, just enough to get the trailing stop in place. Phew!
EUR/JPY also had a new short position opened after a bearish crossover and stochastic pullback, but I’m a bit worried that this one might suffer the same fate as EUR/USD. By the looks of it, though, a new crossover might lead to an early exit soon.
Here are the latest positions:
So far the short position on EUR/JPY isn’t looking too good either, but I’m keeping my robot fingers crossed that an early exit signal could still save the day. Cable appears to be doing better as the trailing stop is activated and the pair is safe from a loss.