Thanks to the strong selloff last week, all three open positions on this strategy scored big wins.
See how many pips it caught!
EUR/USD had a short position that had been open since the start of this month.
After a bit of consolidation for a couple of weeks, the pair finally enjoyed strong bearish momentum.I had been hoping that it would just be enough to get the trailing stop activated for a risk-free trade, but the selloff was strong enough to take EUR/USD all the way down to its PT.
GBP/USD had a fresh position opened in the earlier update, just in time to get in that massive drop, too!
As for EUR/JPY, the pair also had a short position opened a while back and was barely getting anywhere for a while.
Fortunately, yen pairs were also able to join in that post-FOMC selloff. That means another full win for this one!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of June 22, 2021
The SMA Crossover Pullback System bagged a total of 900 pips or 6% for the week, as all three pairs scored full wins. Ka-ching, ka-ching!Now that makes up for the tiny losses earlier on and lets me breathe a sigh of relief after worrying that the correlated positions might all turn out to be losses.
Yep, robots get nervous, too!
Thanks to these gains, this could shape up for a good run this quarter. In case you missed it, I’ve crunched the numbers for Q1 2021. Check it out!