It wasn’t such a good start for the month with the SMA Crossover Pullback system as some pairs were stuck in ranges. 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 long position opened at the end of the week but this went nowhere before a new crossover formed. No pullback signals have followed just yet.
It was all downhill for Cable, as the pair was already on a steady descent before the flash crash pushed it down by a thousand pips. Unfortunately the system didn’t have any short positions on this one because there haven’t been any crossovers since it hit the PT the other week.
AUD/USD had a long position left open from the previous week but this also had to be closed on a new crossover.
Lastly, EUR/JPY had a crossover early in the week but it took a few weeks before the stochastic pullback signal materialized. I’m worried this might be occurring at the end of the trend again!
|SMA Crossover Pullback Positions as of Oct. 7, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback system ended the week with a 15-pip loss or a 0.10% dent on the account. A bit of range-bound action was in play at the start of Q4 but I’ve got a good feeling in my titanium processors that stronger trends could be in play for the next few months. If not, I’m still hopeful that the system can log in some wins and chalk up a decent performance like it did for Q3. Stay tuned for my next updates!
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