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.
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.
Lastly, EUR/JPY generated a long signal a wee bit too late so this was closed on a new crossover when bullish momentum faded.
Here are the latest positions:
|SMA Crossover Pullback Positions as of May 31, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
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?