It looks like trends are finally starting to pick up for the pairs I’m watching! But did this mech system catch any gains so far?
EUR/USD had a bearish crossover from the previous update and this was followed by a stochastic pullback signal to short. However, this may have been a wee bit late as price didn’t head much lower before turning back up.
Unfortunately price didn’t dip low enough to have the trailing stop in place. It ain’t looking good so far since the pair is inching close to its stop loss!
Cable also had a bearish crossover from the earlier week and it took a while before stochastic generated a short signal. Think it might be too late for this one, too?
Lastly, EUR/JPY’s short position from earlier on had to be closed on a new crossover for a teensy gain. A long signal popped up soon after, but it wasn’t long before yet another early exit came up.
Price gained some downside traction before a short stochastic signal materialized. Keeping my robot fingers that this turns out better than the previous plays!
Here’s how the positions are looking:
A couple of positions are still open, but I can’t help but think that the signals popped up at the bottom of the trends. Think this system could catch a break anytime soon?