The remaining open positions from the other week had to be closed on early exits as trends started to turn. Did any of these catch gains?
EUR/USD had a long position left open earlier on, but this didn’t gain enough upside momentum to have its trailing stop activated. The position saw red as the trend turned, but luckily the new crossover was able to keep those losses in check.
A new short position was opened just before the sharp drop, but price hasn’t dipped low enough to have the trailing stop in play just yet.
Cable hit its full profit target in the earlier update, just before sellers took over and spurred a bearish crossover. A short position was opened on a stochastic pullback, and this one’s still open.
It’s not looking so good so far, though, as price recently made a strong rally and might actually resume the earlier uptrend.
EUR/JPY had a long position with its trailing stop activated, so I wasn’t too worried about this pair. It’s just too bad that it came a few pips short of hitting its full target before the reversal occurred and triggered the early exit.
A new short position was opened after the sharp drop and bearish crossover.
Here’s how it all turned out:
The SMA Crossover Pullback System was able to snag 117 pips or a 0.78% gain on the account, which isn’t so bad for a couple of early exits. Now three short positions are open on all the pairs I’m watching, so I’m keeping my robot fingers crossed that bearish momentum picks up.