Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
There was no megaprofitable signal from EUR/USD throughout the week, as the pair stayed in a wide range. It did catch signal #5 though, which canceled out all the fakeouts and led to a 19-pip win for the system. Woot!
|1||Sell||1.3432||1.3432||0||RSI was already below 50|
|2||Buy||1.3440||1.3440||0||RSI was already below 50|
|4||Buy||1.3437||1.3437||0||There was no crossover|
|8||Buy||1.3396||1.3396||0||There was no crossover|
|9||Sell||1.3392||1.3392||14||RSI was already below 50|
|10||Sell||1.3388||1.3388||0||RSI was already below 50|
|11||Buy||1.3395||1.3395||0||RSI was already above 50|
With Cable’s chart on a downtrend for most of the week, you would think that the system would clock in more profits. Unfortunately, the RSI filter took out signals 7 and 8, which would have caught most of the downtrend. Signal #5 was valid though, and was still enough to boost the results to a 12-pip gain by the end of the week. Not bad!
|1||Buy||1.6981||1.6981||0||There was no crossover|
|2||Sell||1.6976||1.6976||0||RSI was already below 50|
|6||Buy||1.6953||1.6953||0||There was no crossover|
|7||Sell||1.6945||1.6945||0||RSI was already below 50|
|8||Sell||1.6899||1.6899||0||RSI was already below 50|
|10||Sell||1.6882||1.6882||0||RSI was already below 50|
Can’t wait to see another trending week!