Early exits managed to trim losses for this mech system as trends shifted quickly. How did the numbers turn out?
EUR/USD had a long position left open from the earlier update, but price didn’t really gain any upside momentum.Instead, the pair went south and a bearish crossover materialized. This managed to close out the position for a small loss before EUR/USD eventually hit the full stop loss. Phew!
No new signals have come up for this pair yet as Stochastic hasn’t reached the overbought zone.stop loss was hit on a sharp dip lower before a new crossover occurred.
A short position was soon opened when stochastic reached the overbought zone and turned lower. Hopefully, this position fares much better!
As for EUR/JPY, its long position from the previous week also had an early end when a new crossover closed it out.
This was then followed by a valid short signal on a pullback, and this position appears to be gaining downside traction.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 3, 2020
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!