This week is filled with fresh signals on this mech system, plus one early exit that managed to catch some gains.
How many pips did it make?
EUR/USD had a bullish crossover in the earlier update, and this was followed by a Stochastic pullback signal to go long.So far, this position looks prime for an early exit on a new crossover, though!
The moving averages are closing the gap, but there might be a chance that EUR/USD closes out with a slight gain if the crossover happens around current levels.
GBP/USD also had a bullish crossover from the previous post. This was also waiting on Stochastic to dip to the oversold region and turn higher to generate a long signal.
Just as in EUR/USD, I do wish the actual signal popped up on the actual dip!
This pair might also be looking at an early exit on a bearish crossover, as the moving averages are inching closer together.As for EUR/JPY, its short position from a while back had to be closed early on a new crossover.
Fortunately this happened at a slightly lower price than entry, so this pair is locking in a small win!
A valid long signal materialized a few days into the uptrend, and I’m hoping this didn’t happen too late.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of May 18, 2021
With all these wins and losses, the SMA Crossover Pullback System ended up a 19-pip or 0.13% gain for the week.
I know it’s not much, but at least it adds to the earlier gains. Hey, that’s back-to-back weekly wins on this one!
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!