Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Fakeout galore! The HLHB System printed a lot of fakeouts in EUR/USD this week. Too bad there weren’t any big gains to offset the losses! By the end of the week those small losses translated to a 9-pip setback for the system.
|1||Buy||1.3818||1.3818||0||RSI was already above 50|
|4||Sell||1.3801||1.3801||0||RSI was already below 50|
|5||Buy||1.3806||1.3806||0||RSI was already above 50|
|9||Buy||1.3823||1.3823||0||There was no crossover|
|10||Sell||1.3793||1.3793||0||There was no crossover|
|11||Buy||1.3824||1.3824||0||RSI was already above 50|
Now this is so much better! GBP/USD also didn’t escape from fakeouts and losing trades. Unlike in EUR/USD though, the system popped up a couple of winning trades that added up to a neat 40-pip gain on Cable. Woot!
|5||Buy||1.6800||1.6800||0||RSI was already above 50|
I really hope this system posts another good week next week!