A few more tiny losses on range-bound market conditions for dollar pairs, but it wasn’t all that bad since the system still caught a big win. 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 bearish crossover from the earlier update, followed by a short pullback signal, but this had to be closed for a small loss on a new crossover.
A stochastic signal to go long soon materialized and this one’s still open.
Cable’s short position from the other week also had to be closed for a loss on a new crossover, before a long stochastic pullback signal materialized.
As for EUR/JPY, the long position from the other week made it all the way to its full profit target at 130.49. Woot woot!
To summarize, here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|---|
| GBP/USD | Short | 1.1386 | 1.3336 | 1.2886 | Closed | -48 | -0.32 |
| EUR/JPY | Long | 127.49 | 125.99 | 130.49 | Closed | +300 | +2.00 |
| EUR/USD | Short | 1.1630 | 1.1780 | 1.1330 | Closed | -26 | -0.17 |
| EUR/USD | Long | 1.1751 | 1.1601 | 1.2051 | Open | – | – |
| GBP/USD | Long | 1.3212 | 1.3062 | 1.3512 | Open | – | – |
ICYMI, check out how this mechanical system fared for Q2 2018!