Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Saved by a sell signal! The HLHB System did a great job at filtering out a lot of fakeouts although a couple still managed to sneak through. Fortunately, it also validated signal #6, which yielded a nice 81-pip win. This was enough to close the week with a 31-pip gain from EUR/USD. Not bad!
|3||Buy||1.3604||1.3604||0||There was no crossover|
|4||Sell||1.3612||1.3612||0||RSI was already below 50|
|5||Buy||1.3621||1.3621||0||RSI was already above 50|
|8||Sell||1.3526||1.3526||0||RSI was already below 50|
|10||Sell||1.3518||1.3518||0||RSI was already below 50|
|11||Buy||1.3528||1.3528||0||RSI was already above 50|
|14||Sell||1.3523||1.3523||0||RSI was already below 50|
|15||Buy||1.3527||1.3527||0||There was no crossover|
|16||Sell||1.3518||1.3518||0||RSI was already below 50|
Like in EUR/USD, there were also a lot of fakeouts from GBP/USD. But unlike in EUR/USD, there was no big signal to save the week. Signal #10 could have erased some of the week’s losses but signal #19 already did enough damage with a 19-pip loss. By the end of the week the system is down 17 pips from Cable.
|1||Sell||1.7115||1.7115||0||RSI was already below 50|
|3||Sell||1.7112||1.7112||0||RSI was already below 50|
|5||Buy||1.7143||1.7143||0||RSI was already above 50|
|7||Buy||1.7143||1.7143||0||There was no crossover|
|8||Sell||1.7134||1.7134||0||RSI was already above 50|
|9||Buy||1.7137||1.7137||0||There was no crossover|
|11||Buy||1.7104||1.7104||0||There was no crossover|