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Are these pairs back in Chopsville? The latest batch of positions were quickly stopped out, but I’m staying hopeful for the freshly opened ones. Take a look!

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 had a long position from the earlier update, but this also hit its full stop loss before any early exit signals materialized. A short entry signal soon followed.

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

Cable also had a long position from the other week but, just like it’s buddy EUR/USD, this also wound up hitting the 150-pip stop before a new crossover formed. A new short position was opened afterwards.

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

Since EUR/JPY already hit its trailing stop on the short position the other week, it wasn’t able to stay in this steady downtrend. Oh well, at least it didn’t chalk up a loss like the other two!

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 Feb. 27, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
GBP/USD Long 1.4041 1.3891 1.4341 Closed -150 -1.00
EUR/USD Long 1.2433 1.2383 1.2733 Closed -150 -1.00
GBP/USD Short 1.3970 1.4120 1.3670 Open
EUR/USD Short 1.2345 1.2495 1.2045 Open

Bah! That makes it a 300-pip dent or a 2.00% loss on the account for the week!

The silver lining, however, is that EUR/JPY didn’t fall prey to range-bound market conditions. Then again, I’m still bummed out that this yen pair wasn’t able to grab more pips from the selloff since it had an early exit signal a few days back.

And now, the system has a couple of long dollar positions on Cable and EUR/USD, so I’m still a bit worried that both could end up either winners or losers… again.

ICYMI, check out the system’s performance for Q4 2017 and how Happy Pip is faring with her brand-new Happy Hunter Trading System.