This system rounded up Q2 2021 with a few more signals, but did these add to the total P/L for the period?
Here’s what went on lately.
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 was trending lower for the most part of the week, but it still caught a long play early on.
This was quickly closed on a new crossover for a small loss, before another short signal popped up later on.
GBP/USD also snagged a long play when the moving averages made a bullish crossover followed by a Stochastic pullback from the oversold region.
This was closed on an early exit as well, and the new crossover was almost immediately followed by a valid short signal.Bearish pressure stayed in play, but it looks like the pair is making a much larger correction at the moment.
As for EUR/JPY, its long position from the earlier update also had to be closed early on a new crossover.
This was then followed by a Stochastic pullback from the overbought area, generating a short position that’s still open for now.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 6, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Long | 132.07 | 130.57 | 135.07 | Closed | -23 | -0.15 |
| EUR/USD | Long | 1.1905 | 1.1755 | 1.2205 | Closed | -47 | -0.31 |
| GBP/USD | Long | 1.3876 | 1.3726 | 1.4176 | Closed | -33 | -0.22 |
| EUR/JPY | Short | 132.18 | 133.68 | 129.18 | Open | – | – |
| EUR/USD | Short | 1.1868 | 1.2018 | 1.1568 | Open | – | – |
| GBP/USD | Short | 1.3849 | 1.3999 | 1.3549 | Open | – | – |
The SMA Crossover Pullback System wound up with a 103-pip or 0.68% loss for the week, erasing some of its previous big gains.
And with that, I can finally crunch the numbers for Q2 2021, as the remaining open positions will count for the current quarter.
Do you think it’ll beat its performance for Q1 2021?
