Some of the latest positions on this mech system have been closed while a fresh set of signals popped up. Take a look!
EUR/USD had a new bearish crossover at the end of the earlier update, and this was followed by a Stochastic pullback signal this week.This short play seems to be faring well, as it picked up on steady bearish pressure enough to have the trailing stop activated.
GBP/USD had a short position left open in the previous update, but unfortunately price went the opposite direction and hit the stop loss in the process.
As it turned out, the signal popped up at the bottom of the trend, just before a reversal and new crossover materialized.This next crossover was eventually followed by a valid pullback signal, and this long position is still open.
As for EUR/JPY, the pair’s long position from the earlier week also didn’t work out so well. Fortunately a new crossover came up to trim the losses before the selloff took place!
Stochastic has yet to make it to the overbought zone and turn lower in order to generate a pullback short signal. Hopefully I’m not missing out on the entire trend, though!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Jan. 19, 2021
In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!