This system snagged some early exits on new crossovers once again, but did it manage to catch pips like it did the other week? Here are the latest plays.
EUR/USD had a bullish crossover from the other week, and this was followed by a long stochastic pullback signal this time. So far, it looks like upside momentum is picking up, but I’m still waiting for the trailing stop to get activated so I can breathe easy.
Cable had a long position left open that had to be closed on a new crossover. This was followed by a short pullback signal that was almost instantly stopped out on that sharp rally.
Finally, a long position was opened on a stochastic pullback in the latest climb. This one seems to have caught a decent entry, but we have yet to see more bullish momentum.
EUR/JPY had a short position left open from the other week, but this had to be closed on a new crossover for a small loss. A long pullback signal followed on this pair as well.
Here’s how the positions are looking:
This time, it was the volatile moves on Cable that spurred major losses for this mech system. The euro pairs, on the other hand, seem to be staying in trends for a bit longer. I hope it stays that way, though!