Trends just can’t seem to stay on these days, huh? But was this mech system able to filter out the noise and stay profitable?
EUR/USD had a bearish crossover from the previous week that finally got a valid stochastic pullback signal to short this time.
This one is looking good so far, and I’m hoping that it can at least have the trailing stop activated soon to lock in pips along the way.
Cable had a short position left open in the earlier update, but this one had to be closed early on a new crossover for a loss. Ouch!
As for EUR/JPY, its long position from the other week also had to be closed on a bearish crossover. It took a while before a stochastic short signal followed, so I can’t help but worry that it was opened too late.
Here’s a look at the latest positions:
A couple of short positions are left open on EUR/USD and EUR/JPY. So far it looks like bearish momentum is picking up for both, so I sure hope that these plays are able to catch in some pips soon.