Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Fakeouts, fakeouts everywhere! It was one of those weeks when EUR/USD ranged tightly for most of the week and it also happened that RSI was near the crossover areas. Signal #10 took a big hit thanks to the ECB’s decision creating ruckus among euro pairs in general. By the end of the week the HLHB System took a 143-pip hit from EUR/USD alone. Yikes!
|2||Buy||1.3634||1.3634||0||RSI was already above 50|
|4||Sell||1.3592||1.3592||0||There was no crossover|
|7||Buy||1.3624||1.3624||0||RSI was already above 50|
|11||Buy||1.3618||1.3618||21||RSI was already above 50|
|15||Buy||1.3645||1.3645||0||RSI was already above 50|
Like in EUR/USD, Cable was also peppered with fakeouts throughout the week. The HLHB System didn’t throw as many signals though, which is probably why the system’s losses on the pair was limited to 94 pips. It’s still pretty big though.
|8||Buy||1.6742||1.6742||0||RSI was already above 50|
|9||Sell||1.6739||1.6739||0||There was no crossover|
|10||Buy||1.6745||1.6745||0||There was no crossover|
|11||Buy||1.6812||1.6812||0||There was no crossover|
Crossing my fingers for a better trading week next week!