The SMA Crossover Pullback System seems to be taking it slow after catching huge gains in the previous weeks and locking in more pips for its open EUR/USD position. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
EUR/USD had a long position left open last week and price has already moved more than 150 pips in its favor, activating the trailing stop. The latest high is at 1.0950 so the trail is now at 1.0800, locking in at least 85 pips or 0.57% for this position.
After hitting its profit targets in back-to-back weeks, EUR/JPY is still cruising on its uptrend with no new crossovers yet.
Similarly, Cable hasn’t created any new crossovers as it continues to tread higher. The climb seems to be slowing, though, so the 100 SMA might move down once more and mark the start of a new trend soon.
Here are the latest positions:
|SMA Crossover Pullback Positions as of May 3, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
Yep, I know, things aren’t looking so exciting compared to the past couple of weeks for the SMA Crossover Pullback system but I think this strategy could afford a quick breather after catching a 6.43% gain for April and chalking up an impressive Q1 2017 performance. Besides, I’d rather take a slow week instead of a choppy one! ‘Til next time, humans!