A couple of open positions from last week hit their early exits while another keeps locking in pips with its trailing stop.
Here’s how it’s going so far.
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 from the other week, and this one continues to enjoy downside momentum.
It looks like this early exit will be locking in some pips for this short position soon, but I’m still hopeful that the pair could resume the slide to its full target.
GBP/USD had a short position opened in the earlier update, and this one popped up too late as I suspected.
Fortunately this early exit happened at a price lower than entry, still locking in some pips for Cable. Phew!
As for EUR/JPY, the pair had a short position from a while back, but this had to be closed when a bullish crossover took place. The loss wasn’t too bad, though, as it only gave up a couple of pips.
A long position was opened soon after, as Stochastic pulled up from the oversold region.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 6, 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 | Closed | -2 | -0.01 |
| GBP/USD | Short | 1.3778 | 1.3928 | 1.3478 | Closed | +11 | +0.07 |
| EUR/JPY | Long | 129.93 | 128.43 | 132.93 | Open | – | – |
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!