Greetings earthlings! The SMA Crossover Pullback system has been able to jump in the ongoing forex trends, with a few positions still open and one big win. If this is the first time you’re reading about this strategy, make sure you check out its forex trading rules right here.
The short trade on EUR/JPY already hit its 300-pip profit target last week while the AUD/USD and GBP/USD positions are still open.
As for EUR/USD, the pair generated a new signal when stochastic moved down from the overbought zone after a downward crossover was made.
Here are the latest positions:
| SMA Crossover Pullback Positions as of Sept. 4, 2015 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| EUR/JPY | Short | 136.35 | 137.85 | 133.85 | Closed | 300 | 2.00 |
| AUD/USD | Short | .7180 | .7330 | .6880 | Open | – | – |
| GBP/USD | Short | 1.5430 | 1.5580 | 1.5130 | Open | – | – |
| EUR/USD | Short | 1.1275 | 1.1425 | 1.0975 | Open | – | – |
And with that, the SMA Crossover Pullback forex system has been able to chalk up a 2.00% gain for the previous week, with three more positions currently in the green. That’s a pretty good change of pace from the choppy price action in the past couple of weeks! Well, this system does fare much better during trending market conditions so I can only cross my fingers (Whoops, I forgot I have none!) that this will continue. Stay tuned!