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Fresh quarter, fresh signals! All three pairs I’m watching for this system currently have open short positions, and here’s how these are faring.

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 new bearish crossover the other week, but it took some time for stochastic to pull up to the overbought region and turn back down. A short signal finally materialized, but I worry that it may have come too late.

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

Cable also seems to be in the same “too little, too late” boat as the short signal was generated days after the bearish crossover and just before this reversal gained traction. Heck, price is inching close to hitting the stop!

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

Meanwhile, EUR/JPY appears to be faring much better as the trailing stop is already in place and locking in pips along the way with this short play.

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 October 9, 2018
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1578 1.1728 1.1278 Open
GBP/USD Short 1.3001 1.3151 1.2701 Open
EUR/JPY Short 131.77 133.27 128.77 Open

With that, the SMA Crossover Pullback system had no new wins or losses for the week, just three open short positions. I’m not feeling too confident about the dollar pairs at the moment, keeping my robot fingers crossed that the EUR/JPY play could make up for any potential losses.

In the meantime, check out how this mechanical system fared for Q3 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown.