Another week in Chopsville! There were hardly any strong trends for the SMA Crossover Pullback system to catch lately. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
In my update last week, EUR/USD had a new crossover from the previous week that was followed by a stochastic pullback signal early on. However, this had to be closed on another crossover midweek for a small loss. Soon after, a short pullback signal materialized and this position was left open.
Cable showed a couple of new signals, one of which was closed on a new crossover at breakeven and the other left open over the weekend.
The long position on EUR/JPY from the other week is still open, but price action has been treading sideways so the trailing stop hasn’t been activated yet.
Lastly, AUD/USD’s long position from a couple of weeks back was finally closed with some profits when the trailing stop was hit. Too bad it didn’t reach its full PT! A new short position was opened afterwards.
|SMA Crossover Pullback Positions as of July 22, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
Ha! Even with a choppy week, the system still managed to rake in a few pips! The SMA Crossover Pullback System ended up with a small 35-pip gain or a 0.24% win on the account. There are open positions left on all the pairs I’m watching so I’m staying positive that some of these could also scrape some wins in the coming weeks. ‘Til my next update!