Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD ranged tightly for most of the week and only showed volatility around news releases. Signal #3 would have given a lot of pips had it not been invalidated by the RSI filter. Signal #9 brought pips to the table though, and limited the system’s weekly losses to just 7 pips. Phew!
|1||Sell||1.3526||1.3526||0||RSI was already below 50|
|3||Sell||1.3521||1.3521||0||RSI was already below 50|
|4||Buy||1.3467||1.3467||0||RSI was already above 50|
|5||Sell||1.3463||1.3463||0||RSI was already above 50|
|7||Sell||1.3467||1.3467||0||RSI was already below 50|
|8||Buy||1.3467||1.3467||0||RSI was already above 50|
Unlike in EUR/USD, we saw a downtrend from GBP/USD. The move wasn’t smooth though, so there were still tons of fakeouts instead of trending signals. Signal #11 canceled out some of the unfiltered fakeouts with a 43-pip gain and helped end the week with only a 3-pip loss for the HLHB System.
|1||Sell||1.7076||1.7076||0||RSI was already below 50|
|2||Buy||1.7076||1.7076||0||There was no crossover|
|3||Sell||1.7069||1.7069||0||RSI was already below 50|
|6||Buy||1.7076||1.7076||0||RSI was already above 50|
|7||Sell||1.7062||1.7062||0||RSI was already below 50|
|8||Buy||1.7069||1.7069||0||RSI was already above 50|
|10||Buy||1.7042||1.7042||0||RSI was already above 50|
|12||Sell||1.6975||1.6975||0||RSI was already below 50|
Hopefully we see better results next week!