It’s a bit of a mixed run for this strategy, as it caught another early exit on one pair but also has a risk-free trade going in for another.
The moving averages still seem to be keeping a safe distance, though, so I’m hoping this is just one really large correction in the middle of the selloff.
The long position had to be closed for a loss when the crossover was completed, resulting in an 81-pip dent for the pair.This was then followed by a Stochastic pullback signal to short, and this doesn’t seem to be going too well either. Bah!
As for EUR/JPY, its short play from much earlier on is faring pretty well as the downtrend is still going. In fact, the price drop was enough to have the trailing stop activated, making this a risk-free play for the pair.
Here’s a look at the latest positions:
Rough start for this quarter, huh?