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System Replace: SMA Crossover Pullback (Oct. 5 – 12)


It seems like this technique is off to a shaky begin for this quarter, because it snagged one other early exit.

Right here’s the way it’s trying recently.

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 is getting fairly near scoring a full win, as worth dipped inside 20 pips of its revenue goal.

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

The pair loved one other wave decrease after its current pullback, however it seems like worth is consolidating in the mean time.

Despite the fact that EUR/USD is assured a win with its trailing cease locking in pips alongside the way in which, I’m nonetheless hoping it could drop all the way in which all the way down to the PT quickly.

GBP/USD hit its trailing cease within the earlier replace earlier than a contemporary bullish crossover popped up.

This was adopted by a Stochastic pullback sign to go lengthy across the center of the week.

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

This place remains to be open for now, however it seems like bullish momentum is slowing after that transient rally. Yikes!

In the meantime, EUR/JPY additionally scored some pips within the earlier update, however it seems prefer it erased these features this time.

The pair had a brief place opened early within the week, but worth didn’t achieve any bearish traction in any respect!

As an alternative, EUR/JPY simply stored climbing till a brand new crossover triggered an early exit only a few pips shy of its cease loss.

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 Oct. 12, 2021

Pair Place Entry SL PT Standing Pips %
EUR/USD Brief 1.1813 1.1963 1.1513 Open
GBP/USD Lengthy 1.3600 1.3450 1.3900 Open
EUR/JPY Brief 129.33 130.83 126.33 Closed -131 -0.87

With that, the SMA Crossover Pullback System closed out with a 131-pip or 0.87% loss, as EUR/JPY chalked up one other huge dent identical to the earlier week.

I simply hope the present quick play on EUR/USD might be sufficient to make up for this loss!

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



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