Hit by another ranging week! As you can see on the chart below, the HLHB System was hit by tons of fakeouts throughout the week. The only winner was signal #2 and even that was cut short by another signal. By the end of the week the system had sustained a 53-pip hit. Yeouch.
|1||Sell||1.3588||1.3588||0||RSI was already below 50|
|5||Sell||1.3612||1.3640||-28||RSI was already above 50|
|6||Buy||1.3640||1.3640||0||RSI was already above 50|
|7||Sell||1.3634||1.3634||0||RSI was already below 50|
|9||Sell||1.3599||1.3599||0||There was no crossover|
|10||Buy||1.3608||1.3608||0||RSI was already above 50|
If you think the hit on EUR/USD was bad, then you should see its effect on GBP/USD! Unlike in EUR/USD, there was NO positive trade from GBP/USD last week. In fact, there’s even a 40-pip loss on signal #3! Fingers crossed for a healthy trending environment next week!
|1||Sell||1.7138||1.7138||0||RSI was already below 50|
|2||Sell||1.7128||1.7128||0||RSI was already below 50|
|6||Sell||1.7114||1.7114||0||RSI was already below 50|
|9||Buy||1.7143||1.7143||0||RSI was already above 50|
|10||Sell||1.7122||1.7122||0||RSI was already below 50|
|11||Buy||1.7132||1.7132||0||RSI was already above 50|
|14||Sell||1.7115||1.7115||0||RSI was already below 50|