Finally, the HLHB Trend-Catcher System did what it’s supposed to do – catch trends and filter fakeouts! Although signals 4 and 6 still managed to evade the system’s filters, the losses weren’t enough to offset the neat 86-pip gain on signal #3. By the end of the week the system gained 66 pips from EUR/USD. Woot!
|1||Sell||1.3642||1.3642||0||There was no crossover|
|2||Buy||1.3645||1.3645||0||There was no crossover|
|5||Sell||1.3533||1.3533||0||RSI was already below 50|
|7||Sell||1.3529||1.3529||0||RSI was already below 50|
|8||Buy||1.3542||1.3542||0||RSI was already above 50|
Like in EUR/USD, the HLHB System filtered most of the fakeouts on GBP/USD. In fact, the system only validated signals 5 and 6, which collectively brought 202 pips to the week’s gains. See, the HLHB System isn’t so bad! It’s weeks like these that make me stick to the plan. Hopefully this week’s gains would contribute a lot to the HLHB System’s 2014 results!
|1||Sell||1.6804||1.6804||0||There was no crossover|
|2||Buy||1.6809||1.6809||0||There was no crossover|
|3||Sell||1.6807||1.6807||0||RSI was already below 50|
|4||Buy||1.6803||1.6803||0||RSI was already above 50|
|6||Buy||1.6761||1.6971||200||Profit target hit|
Crossing my fingers for another good trading week!