Aha! This system is finally paying off as it managed to catch a couple of big wins on strong dollar trends. Check it!
EUR/USD had a fresh bearish crossover in the earlier update, and this was followed by a stochastic pullback signal to short.Price hit its full profit target the following day, scoring a total of 300 pips for the pair. Woot woot!
Cable also had a bearish crossover in the previous update that was waiting for a pullback confirmation. This one also hit its full profit target almost immediately as the pair sold off sharply the next day.As for EUR/JPY, the pair has still been moving sideways, leading to oscillating MAs. Fortunately, stochastic has been able to filter out those moves that would’ve resulted to losses.
A long position did get opened, though, but the trailing stop was activated to lock in a few pips. Phew!
Here’s a look at the latest positions: