Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Although signal #6 brought home 52 pips, a couple of fakeouts had canceled most of the gains. By the end of the week the system was down 18 pips from EUR/USD. Darn you fakeouts at the beginning of the week!
|2||Sell||1.3527||1.3527||0||RSI was already below 50|
|3||Buy||1.3555||1.3555||0||There was no crossover|
|8||Buy||1.3618||1.3618||0||RSI was already above 50|
|9||Sell||1.3611||1.3611||0||RSI was already below 50|
Well this is a first. One look at GBP/USD tells us that there are more instances of fakeouts. Luckily, the HLHB System managed to filter out most of them. And with Signal #11 bringing 50 pips to the table, the system had limited its losses to 18 pips, similar to EUR/USD’s results. Not bad!
|1||Sell||1.6973||1.6973||0||There was no crossover|
|2||Buy||1.6994||1.6994||0||RSI was already above 50|
|3||Buy||1.6983||1.6983||0||RSI was already above 50|
|4||Buy||1.6981||1.6981||0||RSI was already above 50|
|6||Buy||1.6986||1.6986||0||RSI was already above 50|
|8||Sell||1.6959||1.6959||0||RSI was already below 50|
Crossing my fingers for another good trading week!