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After the other week’s dismal performance, I’m hoping that the SMA Crossover Pullback system can make up for it with these new positions. 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 previously hit its stop loss when moving averages oscillated and triggered a quick short position the other week. An upward crossover soon followed, and a long pullback signal materialized.

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

Cable seems to be faring a bit better as its long position is slowly edging higher, enough to have the trailing stop activated.

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

EUR/JPY had a rough few weeks and doesn’t seem to be making much progress with its latest long position.

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

So much for making up for its Q4 2017 losses!

Anyway, here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Jan. 23, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.2208 1.2058 1.2508 Open
GBP/USD Long 1.3762 1.3612 1.4062 Open
EUR/JPY Long 135.25 133.75 138.25 Open

No wins yet, but no losses either! The trailing stop is already locking in gains along the way for GBP/USD while price climbs close to its profit target. I hope I didn’t jinx it, though!

If the other open positions fare just as well, the SMA Crossover Pullback strategy could have a shot at erasing the previous 2.50% dent on the account and allow the strategy to end in the black for the month.

Of course I can’t help but worry how the upcoming ECB decision could impact the long euro plays, but I guess I’ll just have to trust the system.

ICYMI, check out the system’s performance for Q4 2017 and how my other strategy fared as well!