Still getting a bunch of new crossovers on the pairs I’m watching! Did these early exit signals manage to chalk up some pips though?
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 had a long position from the previous week, but this had to be closed early on a bearish crossover.
A stochastic pullback soon followed, and this short position is still open.
Cable also had a long position left open in the earlier update that was closed on a new crossover as well.
This pair also saw a bearish stochastic pullback, leaving an open short position that’s seemingly going well for now.
As for EUR/JPY, the pair’s short position from the previous week was also closed on a new crossover. Ouch!
Here’s a look at the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1152 | 1.002 | 1.1452 | Closed | -42 | -0.28 |
| GBP/USD | Long | 1.3147 | 1.2997 | 1.3447 | Closed | -79 | -0.52 |
| EUR/JPY | Short | 121.26 | 122.76 | 118.26 | Closed | -89 | -0.59 |
| EUR/USD | Short | 1.1107 | 1.1257 | 1.0807 | Open | – | – |
| GBP/USD | Short | 1.3085 | 1.3235 | 1.2785 | Open | – | – |
Check out how this system fared in Q4 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!