The latest set of short signals is lookin’ good!
One position already hit its full target while the rest have their trailing stops activated.
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 from the earlier update, and this one enjoyed enough bearish momentum throughout the week.
In fact, selling pressure picked up enough to bring the pair 150 pips lower than its open price, which means that the trailing stop is in place!
The selloff seems to be slowing, but I’m still hopeful that EUR/USD can make it all the way down to its PT.GBP/USD also had a short position opened in the previous update, and this one already tumbled down to its full target.
That’s a 300-pip or 2% gain yo!
Bearish momentum still seems to be in play for this pair, as the moving averages are moving farther apart.This strategy might be leaving some pips on the table as Cable keeps dropping, but I’m happy with its latest win!
Meanwhile, EUR/JPY also had a short position left open from the previous update.
Price moved sideways for a bit, before bearish momentum picked up and activated the trailing stop for another risk-free trade.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 9, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Short | 1.1677 | 1.1827 | 1.1377 | Open | – | – |
| GBP/USD | Short | 1.3791 | 1.3941 | 1.3491 | Closed | +300 | +2.00 |
| EUR/JPY | Short | 132.45 | 133.95 | 129.45 | Open | – | – |
With that, the SMA Crossover Pullback System closed out with a 300-pip or 2.00% gain, thanks to GBP/USD’s win!
This adds to the previous winnings, rounding up its third consecutive positive week.
Both EUR/USD and EUR/JPY have short positions open, but I can rest easy knowing that the trailing stops are locking in gains along the way.
ICYMI, here’s how this strategy fared in Q3 2021.