Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was on a pretty tight range for most of the week and only came alive on Wednesday. This trend-catcher system did its job though! It was able to validate signal #6, which yielded a cool 99 pips and canceled out the two fakeout signals. Phew!
|2||Sell||1.2839||1.2839||0||RSI was already below 50|
|3||Buy||1.2850||1.2850||0||RSI was already above 50|
|4||Sell||1.2858||1.2858||0||RSI was already below 50|
|6||Sell||1.2846||1.2747||99||Trailing stop hit|
|7||Sell||1.2745||1.2745||0||RSI was already below 50|
The HLHB System wasn’t as lucky with GBP/USD. Thanks to an intraday moves that’s tighter than skinny jeans, a lot of valid signals turned out to be fakeouts. Good thing that signal #12 and #18 came to the rescue and still managed to cancel out most of the week’s losses.
|1||Buy||1.6353||1.6353||0||RSI was already above 50|
|2||Sell||1.6327||1.6327||0||RSI was already below 50|
|5||Buy||1.6347||1.6342||-5||Trailing stop hit|
|6||Sell||1.6322||1.6322||0||RSI was already below 50|
|8||Sell||1.6369||1.6369||0||There was no crossover|
|11||Buy||1.6404||1.6404||0||RSI was already above 50|
|13||Buy||1.6338||1.6338||0||RSI was already above 50|
|14||Sell||1.6303||1.6303||0||RSI was already below 50|
|15||Buy||1.6319||1.6319||0||There was no crossover|
|16||Sell||1.6307||1.6307||0||There was no crossover|
Crossing my fingers for another trending environment next week!