Got a fresh batch of crossovers and valid signals on this strategy! Check ’em out before the new trends pick up.
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 hit its full profit target in the earlier update before the pair topped out and saw a bearish crossover.
GBP/USD is also coming fresh off a big win in the earlier update, and eventually got a new crossover and valid short signal.
The pair appears to be moving sideways, though, and the weekend gap higher isn’t boding well for the short play.
As for EUR/JPY, its long position had to be closed early on a new crossover, but at least it scored decent gains!
A fresh bearish crossover materialized right after, and Stochastic turned lower to generate a short signal.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Dec. 15, 2020
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Long | 124.12 | 122.62 | 127.12 | Closed | +179 | +1.19 |
| EUR/USD | Short | 1.2164 | 1.2314 | 1.1864 | Open | – | – |
| GBP/USD | Short | 1.3321 | 1.3471 | 1.3021 | Open | – | – |
| EUR/JPY | Short | 126.13 | 127.63 | 123.13 | Open | – | – |
All three pairs I’m watching have open short positions now, and I can’t help but worry that these correlated plays either all go well or go bad!
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!
