Got a couple of new signals on this trading system, and it looks like some are locking in pips along the way. Take a look!
If this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.
EUR/USD had a short position left open in the earlier update, and this one enjoyed enough bearish momentum to head at least 150 pips in the trade’s favor.
The pair still has a little over a hundred pips to go before reaching its full profit target, so I’m gonna keep my robot fingers crossed that it does.
GBP/USD had a bearish crossover from way back that finally got a Stochastic pullback signal to short.
Then again, this is a pullback strategy after all! Besides, it seems that there could still be another wave of bearish pressure for Cable based on the growing gap between the moving averages.
As for EUR/JPY, the pair already had a short position opened in the previous update, and this also underwent enough bearish momentum to have the trailing stop in place.
Price has pulled up quite a bit and is hovering pretty close to the trailing stop, but I’m staying hopeful that euro bears could return from here.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Mar. 30, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Short | 1.1934 | 1.2084 | 1.1634 | Open | – | – |
| EUR/JPY | Short | 129.66 | 131.16 | 126.66 | Open | – | – |
| GBP/USD | Short | 1.3778 | 1.3928 | 1.3478 | Open | – | – |
With that, the first quarter of the year is about to end and I’m about to crunch the numbers for the period. Time flies, huh?
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!