Another big win and a fresh signal on this mech system!
How many pips did it catch and how is the latest position going?
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 already scored big gains in the previous update, but the downtrend is still going.
Sure, it left some pips on the table just like the other pairs I’m watching on this system, but I shouldn’t feel too greedy!
GBP/USD also let some pips slide after it hit its full PT a couple of weeks back, and now it’s jumping in a new position.
A fresh bullish moving average crossover took place, followed by a valid Stochastic pullback signal from the oversold area.
The pair seems to be moving sideways for now, but I’m hopeful that momentum picks up soon.
Meanwhile, EUR/JPY had a short position opened from waaay back.The pair already tumbled more than 150 pips, so the trailing stop had been locking pips along the way.
Luckily, the position did not have to be closed on this early exit since price dropped sharply to its full target. Woot woot!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 23, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Short | 132.45 | 133.95 | 129.45 | Closed | +300 | +2.00 |
| GBP/USD | Long | 1.3443 | 1.3293 | 1.3743 | Open | – | – |
With that, the SMA Crossover Pullback System closed out with yet another 300-pip or 2.00% gain, thanks to the short position on EUR/JPY.
This rounds up three full wins on all the pairs I’m tracking in this strategy and chalks up its FIFTH consecutive winning week!
ICYMI, here’s how this strategy fared in Q3 2021.