I’ve got freshly opened positions on all three pairs I’m watching for this mech system. Think they’re prime for another big win?
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 bottomed out from its earlier slide and saw a new bullish crossover, which was quickly followed by a stochastic signal to go long.
Cable also had a new crossover that was promptly followed by a long pullback signal from stochastic. Price seems to be gaining bullish traction as well, and hopefully the trailing stop gets activated soon.
EUR/JPY was not one to get left behind, although its bullish signal came a bit late after the crossover occurred. Stochastic just couldn’t seem to dip as low as the oversold area to generate one right away!
Here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.2872 | 1.2722 | 1.3172 | Open | – | – |
| EUR/USD | Long | 1.1568 | 1.1418 | 1.1868 | Open | – | – |
| EUR/JPY | Long | 128.95 | 127.45 | 131.95 | Open | – | – |
ICYMI, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown.
