Trends are picking up for most of the pairs I’m watching, but EUR/USD seems to have been caught up in choppy moves.
Did it snag losses?
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 long position left open in the earlier update, but as suspected this had to be closed early on a new crossover.
This was then quickly followed by a short signal, but this position was almost immediately closed on a bullish crossover. Luckily, this early exit only cost EUR/USD five pips in losses.
The pair then ended up with yet another long position that is still open for now.
GBP/USD had a long position from the previous update, and the uptrend is gaining traction.
This pair has yet to have the trailing stop activated, so I’m keeping my robot fingers crossed that this long position could be a risk-free one soon.
As for EUR/JPY, it also had a long position left open from earlier on.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of May 24, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.2145 | 1.1995 | 1.2445 | Closed | +73 | +0.49 |
| EUR/USD | Short | 1.2218 | 1.2368 | 1.1918 | Closed | -5 | -0.03 |
| EUR/USD | Long | 1.2185 | 1.2035 | 1.2485 | Open | – | – |
| GBP/USD | Long | 1.4134 | 1.3984 | 1.4434 | Open | – | – |
| EUR/JPY | Long | 132.74 | 131.24 | 135.74 | Open | – | – |
With all these wins and losses, the SMA Crossover Pullback System ended up a 68-pip or 0.46% gain for the week.
Not bad, huh?
The open positions on Cable and EUR/JPY seem to be faring well, so I’m hopeful next week could be another winning one.
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!