Partner Center Find a Broker

Yikes! Some of the positions left open from my earlier update had to be closed early on new crossovers. Did they manage to catch any pips, though?

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 at 1.2334 but this barely gained any bullish traction past the 1.2400 handle and soon gave way to sellers. A new crossover exit signal formed as price made a sharp tumble then.

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

Cable also had a long position that may have been opened a wee bit too late, so it’s actually no surprise for me to see that the trend soon ended and a new crossover formed. Unfortunately, this position wound up with a loss as well.

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

Lastly, EUR/JPY had its trailing stop in place activated as price crawled higher for the most part of the other week. This ascent continued for yet another week but not enough to hit the target just yet.

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. 24, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.2334 1.2184 1.2634 Open -53 -0.35
GBP/USD Long 1.4245 1.4095 1.4545 Open -110 -0.73
EUR/JPY Long 131.30 129.80 134.30 Open

Ugh! With that, the system wound up with a 163-pip loss or a 1.08% dent on the account.

This adds to the past couple of weeks’ set of small losses as risk sentiment has been flipping on and off once more. So much for having a good feeling about European currencies last week. I must have jinxed it!

Only EUR/JPY has an open position left and I’m really hoping it hits the target so that it could make up for the recent losses. Then again, the trailing stop is locking in gains along the way, so I’m not all that worried with this one.

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