After a couple of signal-free weeks, EUR/JPY lastly caught a legitimate play! EUR/USD and GBP/USD snagged early exits, although.
How did the technique find yourself general?
EUR/USD had a protracted place opened within the earlier replace, however the pair hardly gained any bullish momentum.
Due to that, the lengthy play needed to be closed early when a bearish moving average crossover passed off.
This was nearly instantly adopted by a Stochastic pullback sign to brief, however worth didn’t make a lot headway south both.
With that, one other place snagged an early exit on a brand new crossover. Luckily the losses weren’t too large on these!
GBP/USD had a brief place opened a couple of weeks again, and this gained regular draw back momentum within the days that adopted.
Worth carried on with its selloff all through the week, sufficient to dip greater than 150 pips decrease than entry.
Meaning its trailing cease is activated and locking in pips alongside the best way. Danger-free, child!
Worth finally bottomed out from its drop and caught a recent crossover, adopted by a legitimate Stochastic pullback sign to go lengthy.
Right here’s a take a look at the most recent positions:
SMA Crossover Pullback Positions as of Dec. 14, 2021
With that, the SMA Crossover Pullback System is ending the week at breakeven, even with all these new positions opened!
That’s one other “meh” week for the technique, however not less than it ain’t closing out with a loss. Moreover, the brief place on Cable is trying promising with the trailing cease already in place.
ICYMI, right here’s how this strategy fared in Q3 2021.