Trends are once again picking up, allowing this mechanical system to lock in more gains for the week. Here’s how it all turned out.
EUR/USD had a long position opened a few weeks back, and this already gained enough upside momentum to have its trailing stop activated.Bulls were able to gain even more traction for yet another week, allowing the pair to climb all the way up to its full profit target… and then some!
I’m pretty happy with the gains that this long play was able to lock in, but I still can’t help but wish that it caught those extra hundred pips. Can’t be too greedy, though, right?
A fresh long position was opened almost immediately after the bullish crossover, and this one is faring much better as the trailing stop is now locking in pips along the way.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 28, 2020
It still has a long position left open on Cable that’s risk-free, so I ain’t too worried.