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Trends seem to be picking up once more, but I hope I didn’t jinx these open positions on the SMA Crossover Pullback system. Here they are!

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 short position left open from the earlier update, but this had to be closed on a new upward crossover for a loss. A long stochastic pullback signal soon followed, and this seems to be gaining a bit of bullish momentum.

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

Cable had a new bullish crossover from my earlier update, and this one was followed by a long stochastic signal. It’s up by roughly a hundred pips so far, and I’m keeping my robot fingers crossed that the trailing stop can be activated soon.

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

Lastly, EUR/JPY had a topsy-turvy ride in the previous week but the latest long position is doing well as the trailing stop is already in place. At least I can rest easy on this one!

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

To summarize, here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Apr. 17, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.2340 1.2490 1.2040 Closed -44 -0.29
EUR/USD Long 1.2334 1.2184 1.2634 Open
GBP/USD Long 1.4245 1.4095 1.4545 Open
EUR/JPY Long 131.30 129.80 134.30 Open

With that, the system wound up with a 44-pip loss or a 0.29% dent on the account.

This adds to last week’s set of small losses, but I’m not too worried since my sensors are picking up on positive trends for the European currencies. Besides, risk appetite appears to be returning to the markets and weighing on both the dollar and yen, but I still can’t help but stay on the lookout for a fresh set of jitters from Syria or China returning.

All pairs have open (and correlated, yikes!) positions left, with EUR/JPY having a risk-free run on its long position.

ICYMI, check out this system’s performance for Q1 2018!