So far so good on a couple of long plays on this mech system!
One position had to be closed early, but did it catch gains?
EUR/USD had a long position left open from the earlier update.Unfortunately there was barely any momentum in its favor, causing the position to get closed on a new crossover for a loss.
Stochastic hasn’t reached the oversold region yet, so I’m still waiting on a new long signal.
In fact, price has climbed enough to activate the trailing stop for a risk-free trade. Woot woot!The pair is within striking distance of its profit target and is holding on to at least 91 pips in gains.
As for EUR/JPY, the pair also enjoyed enough bullish momentum to have the trailing stop in place for its long position.
So far it looks like this pair has at least 15 pips in the bag. I know it ain’t much, but I’m still hopeful that it could resume its climb and lock in more gains.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Feb. 23, 2021
The other long positions on Cable and EUR/JPY are looking good since the trailing stops are already guaranteeing some wins. Fingers crossed these still reach their full targets, though!
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!