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Bah! Not such a good week for the SMA Crossover Pullback System as the positions got stopped out by new crossovers here and there. 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 with the trailing stop in place from the other week, and this was hit on that pullback a couple of days ago.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Cable also had a long position open from the previous week but price broke down from its short-term consolidation, hitting the stop loss in the process. Another crossover happened, followed by a pullback signal to short.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

Lastly, EUR/JPY generated a long signal a wee bit too late so this was closed on a new crossover when bullish momentum faded.

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of May 31, 2017
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.1105 1.0955 1.1405 Closed +15 +0.10
GBP/USD Long 1.3000 1.2850 1.3300 Closed -150 -1.00
EUR/JPY Long 124.50 123.00 127.50 Closed -50 -0.30
GBP/USD Short 1.2850 1.3000 1.2550 Open

With that, the SMA Crossover Pullback strategy ended up with a 185-pip dent or a 1.20% loss on the account, chalking up another week in the red.

Price action has been particularly shifty for almost the entire month of May as trends couldn’t gain much traction.

Think it could perform better in June and finish the quarter as strong as it did in Q1?