It’s time for a fresh set of valid signals on this mech system! Here’s how the latest positions are looking.
EUR/USD?had a bearish crossover from way back, and it took a while before Stochastic reached the overbought zone to generate a valid short signal.The downtrend seems to be bottoming out already, but the short position is still open. I hope it doesn’t get stopped out if a reversal takes place from here!
Unfortunately, this position snagged the full stop loss on a rally.With that, Cable snagged a 150-pip or 1% loss for the week.
As for EUR/JPY, its short position from earlier on already has the trailing stop activated and locking in pips along the way.
The pair moved sideways for the most part of the week, so the short play is still open. It looks like it might get closed early on a new crossover, though!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of September 29, 2020
EUR/JPY still has its risk-free position locking in at least a few pips while EUR/USD also has a short play left open. Think these could result in some gains before Q3 comes to a close?
Check out how this system fared in?Q2 2020.