Hitting the profit target on one of the pairs I’m watching for this forex strategy more than made up for the choppiness among the rest. Take a look at the latest trades!
After hitting its full profit target the other week and carrying on with its rally last week, Cable cruised sideways in the past few days before signaling its readiness to make a new crossover. Guess I’ll have to watch this one more closely from here!
EUR/USD spent another week in Chopsville as it tossed and turned while moving averages oscillated to generate a few more signals that had to be closed early anyways. Bah!
The latest downward crossover does look promising, though, so I’ll stay on the lookout for a stochastic pullback signal to short this one.
Last but certainly not least is EUR/JPY which finally hit its full profit target right before turning back down. Phew!
A new downward crossover looks ready to materialize on this one, too, so I’ll keep my robot sensors on guard while stochastic makes its way up to the overbought region as well.
Here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback strategy ended up with a 325-pip win or a 2.17% gain on the account, recovering from last week’s loss. I knew EUR/JPY would pull through!Just a few days left before the month comes to an end, which also means that Q3 is over. My my, does time fly when you’re catching pips, huh?
This also means I gotta retreat to my pod for some time to crunch the numbers for the quarter and see how it compares to the previous ones. In case you missed it, here’s a review of the system’s Q1 2017 and Q2 2017 performance.