Thanks to the strong selloff last week, all three open positions on this strategy scored big wins.
See how many pips it caught!
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 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
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Short | 1.2230 | 1.2380 | 1.1930 | Closed | +300 | +2.00 |
| EUR/JPY | Short | 133.17 | 134.67 | 130.17 | Open | +300 | +2.00 |
| GBP/USD | Short | 1.4107 | 1.4257 | 1.3807 | Open | +300 | +2.00 |
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!