Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Fakeout alert! The RSI filter was no match for the sheer volume of fake signals thrown the HLHB System’s way for this week. We only saw one positive trade while a lot of valid signals turned out to be fakeouts. By the end of the week the system registered a 68-pip loss on EUR/USD. Gaaah.
|1||Sell||1.3755||1.3755||0||RSI was already below 50|
|4||Buy||1.3761||1.3761||0||There was no crossover|
|8||Buy||1.3717||1.3717||0||There was no crossover|
|9||Sell||1.3712||1.3712||0||There was no crossover|
|13||Sell||1.3675||1.3675||0||There was no crossover|
|14||Buy||1.3712||1.3712||0||RSI was already above 50|
I’m loving the HLHB System on GBP/USD lately! The system only gave 6 signals throughout the week but half of them turned out to be good winners. What a treat! By the end of the week the 73-pip win just about canceled out the losses on EUR/USD. Still a pretty good week, I think. 🙂
|1||Sell||1.6870||1.6870||0||RSI was already below 50|
|2||Buy||1.6883||1.6883||0||RSI was already above 50|
Hoping for a better week next week!