Greetings earthlings! The SMA Crossover Pullback System is off to a roaring start for this quarter as it caught a full win on EUR/JPY. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
EUR/JPY had a short position left open for a few weeks already with the trailing stop activated. Price finally hit its full 300-pip profit target on a sharp breakdown at the start of April.
After hitting its target in the previous week, EUR/USD formed a new crossover but stochastic hasn’t shown any new pullback entry signals just yet.
Cable also hit its trailing stop in my earlier update and formed a new crossover recently. This was followed by a stochastic pullback signal to short at 1.2540.
Here are the latest positions:
|SMA Crossover Pullback Positions as of Apr. 5, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback System is kicking off Q2 2016 with a 300-pip win or a 2.00 % gain on the account for the past few days. That’s four consecutive weeks in the black… and counting! I’ll round up the numbers for the first three months of the year in a bit so stay tuned for my next updates.