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Still getting a bunch of new crossovers on the pairs I’m watching! Did these early exit signals manage to chalk up some 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 from the previous week, but this had to be closed early on a bearish crossover.

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

A stochastic pullback soon followed, and this short position is still open.

Cable also had a long position left open in the earlier update that was closed on a new crossover as well.

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

This pair also saw a bearish stochastic pullback, leaving an open short position that’s seemingly going well for now.

As for EUR/JPY, the pair’s short position from the previous week was also closed on a new crossover. Ouch!

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

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of January 14, 2020
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.1152 1.002 1.1452 Closed -42 -0.28
GBP/USD Long 1.3147 1.2997 1.3447 Closed -79 -0.52
EUR/JPY Short 121.26 122.76 118.26 Closed -89 -0.59
EUR/USD Short 1.1107 1.1257 1.0807 Open
GBP/USD Short 1.3085 1.3235 1.2785 Open

With that, the SMA Crossover Pullback System is down 210 pips or 1.39% for the week because of all those early exits on all the pairs.

Check out how this system fared in Q4 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!