It’s all about early exits on this mech system once again as trends couldn’t seem to last. Here’s how the latest set of signals turned out.
EUR/USD had a short play left open from the previous week, and this gained some bearish traction in the days that followed.
In fact, the pair moved by 150 pips in the trade’s direction, so the trailing stop was activated for a risk-free run.However, a new crossover materialized on the climb and triggered an early exit. It managed to score some pips for EUR/USD, though!
A long signal popped up soon after as Stochastic pulled up from the oversold region.
GBP/USD had a long position from the earlier update, and this gained enough bullish traction to have the trailing stop in place with a few pips in the bag.The pair narrowly avoided a new bearish crossover, so the position is still open for now and holding on to at least 48 pips in winnings.
As for EUR/JPY, its bearish crossover was soon followed by a Stochastic pullback signal.
Unfortunately this didn’t pick up on any bearish momentum as price made higher lows before attempting a reversal.
With that, the short play was closed on a new crossover for a loss.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Jan. 26, 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!