Fxequity

System Replace: SMA Crossover Pullback (Nov. 2 – 9)


The most recent set of brief indicators is lookin’ good!

One place already hit its full goal whereas the remaining have their trailing stops activated.

If that is the primary time you’re studying in regards to the SMA Crossover Pullback system, ensure you have a look at the trading rules and risk management adjustments first.

EUR/USD had a brief place left open from the sooner replace, and this one loved sufficient bearish momentum all through the week.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Foreign exchange Chart

The truth is, promoting stress picked up sufficient to convey the pair 150 pips decrease than its open worth, which implies that the trailing cease is in place!

The selloff appears to be slowing, however I’m nonetheless hopeful that EUR/USD could make all of it the way in which right down to its PT.

GBP/USD additionally had a brief place opened within the earlier replace, and this one already tumbled right down to its full goal.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Foreign exchange Chart

That’s a 300-pip or 2% acquire yo!

Bearish momentum nonetheless appears to be in play for this pair, because the moving averages are transferring farther aside.

This technique may be leaving some pips on the desk as Cable retains dropping, however I’m proud of its newest win!

In the meantime, EUR/JPY additionally had a brief place left open from the previous update.

Worth moved sideways for a bit, earlier than bearish momentum picked up and activated the trailing cease for an additional risk-free commerce.

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Foreign exchange Chart

Right here’s a have a look at the newest positions:

SMA Crossover Pullback Positions as of Nov. 9, 2021

Pair Place Entry SL PT Standing Pips %
EUR/USD Quick 1.1677 1.1827 1.1377 Open
GBP/USD Quick 1.3791 1.3941 1.3491 Closed +300 +2.00
EUR/JPY Quick 132.45 133.95 129.45 Open

With that, the SMA Crossover Pullback System closed out with a 300-pip or 2.00% acquire, because of GBP/USD’s win!

This provides to the earlier winnings, rounding up its third consecutive constructive week.

Each EUR/USD and EUR/JPY have brief positions open, however I can relaxation straightforward understanding that the trailing stops are locking in positive factors alongside the way in which.

ICYMI, right here’s how this strategy fared in Q3 2021.



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