It looks like this system is off to a shaky start for this quarter, as it snagged another early exit.
Here’s how it’s looking lately.
EUR/USD is getting pretty close to scoring a full win, as price dipped within 20 pips of its profit target.
The pair enjoyed another wave lower after its recent pullback, but it looks like price is consolidating at the moment.GBP/USD hit its trailing stop in the earlier update before a fresh bullish crossover popped up.
This was followed by a Stochastic pullback signal to go long around the middle of the week.
This position is still open for now, but it looks like bullish momentum is slowing after that brief rally. Yikes!
The pair had a short position opened early in the week, yet price did not gain any bearish traction at all!Instead, EUR/JPY just kept climbing until a new crossover triggered an early exit just a few pips shy of its stop loss.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Oct. 12, 2021
With that, the SMA Crossover Pullback System closed out with a 131-pip or 0.87% loss, as EUR/JPY chalked up another big dent just like the previous week.
I just hope the current short play on EUR/USD will be enough to make up for this loss!
ICYMI, here’s how this strategy fared in Q3 2021.