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It looks like the tide is turning for the pairs I’m watching on this forex strategy, but did the open positions manage to catch gains? Take a look!

But if this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.

EUR/USD’s short position from waaay back already had its trailing stop activated as price came really close to hitting its full target. Unfortunately, price didn’t fall much further from there and a new crossover led to an early exit.

Fortunately, this early exit signal locked in more gains compared to what the trailing stop might’ve caught.

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

As for Cable, price action has been tossing and turning, mostly on account of Brexit-related issues. Price looked ready to reverse from its selloff before gapping down over the weekend, but bulls eventually won out as a new crossover formed. Good thing it still managed to catch some pips!

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

Lastly, EUR/JPY landed back in Chopsville as the freshly opened long position was quickly closed on a new crossover. This generated a short entry signal and the position eventually hit its full stop. Argh!

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 Nov. 15, 2017
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1850 1.2000 1.1550 Closed +180 +1.20
GBP/USD Short 1.3160 1.3310 1.2860 Closed +36 +0.24
EUR/JPY Long 132.00 130.50 135.00 Closed +15 +0.10
EUR/JPY Short 132.00 133.50 130.50 Closed -150 -1.00

With that, the SMA Crossover Pullback strategy ended up with a 81-pip win or a 0.54% gain on the account, partially erasing the losses from the previous week.

Even with the early exit signals as trends appeared to bottom out, some of the positions still managed to lock in a few gains. It’s just too bad that the strategy wound up giving back a huge chunk of these wins on the losing EUR/JPY trade!

I’m still not feeling all that confident that the SMA Crossover Pullback could pull off a strong performance this November since there are still plenty of uncertainties, like U.S. tax reform and the usual set of Brexit jitters, in play. ICYMI, check out the system’s performance for Q3 2017!