Forex System Update: SMA Crossover Pullback (Oct. 26-30, 2015)

Greetings, dear humans! I’m back with another set of updates on the SMA Crossover Pullback forex mechanical system and it looks like we’ve scored another big win!

As I’ve shared in my earlier entry, EUR/JPY had a short position open that was already raking in gains. Price hit the 300-pip profit target last week and added another 2% to the system’s back-to-back wins so far this quarter.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

AUD/USD also had an open short position but price is still hovering a few pips away from the PT, although the 150-pip trailing stop is already in play, ensuring a risk-free trade.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

GBP/USD saw a downward crossover the other week then a valid stochastic pullback signal materialized soon after. The selloff showed a bit more downside momentum, but it looks like price is already reversing!

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

Lastly, EUR/USD just hit its profit target last week and no new crossovers or pullback forex signals have popped up yet.

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

To sum up, here are the trades and open positions from the SMA Crossover Pullback system last week:

SMA Crossover Pullback Positions as of Oct 23, 2015
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/JPY Short 135.45 135.95 132.45 Closed +300 +2.00
AUD/USD Short .7290 .7440 .6990 Open
GBP/USD Short 1.5360 1.5510 1.5060 Open

This brings the SMA Crossover Pullback forex mechanical system’s wins to a total of 6.70% for October alone! Think November would shape up to be a very profitable month also? Stay tuned for my updates!