Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The NFP week brought a lot of fakeouts on EUR/USD’s chart. Luckily, the system was able to filter out most of them. It even produced signal #8, which yielded a cool 146 thanks to a strong NFP report. By the end of the week, the system bagged 156 pips from EUR/USD’s price action. Woot! Woot!
|2||Sell||1.2685||1.2685||0||RSI was already below 50|
|3||Buy||1.2693||1.2693||0||RSI was already above 50|
|4||Sell||1.2684||1.2684||0||RSI was already below 50|
|6||Sell||1.2630||1.2630||0||There was no crossover|
|7||Buy||1.2662||1.2662||0||RSI was already above 50|
Just like in the previous week, the HLHB System wasn’t as lucky with GBP/USD. While there were almost as many fakeouts as there were in EUR/USD, the system also invalidated signal #10 (the pre-NFP sell signal). With no trade to offset the losses, the system ended the week 56 pips down with GBP/USD. Yikes.
|2||Sell||1.6243||1.6243||0||RSI was already below 50|
|3||Buy||1.6259||1.6259||0||RSI was already above 50|
|4||Sell||1.6200||1.6200||0||RSI was already below 50|
|6||Sell||1.6187||1.6187||0||There was no crossover|
|8||Sell||1.6180||1.6180||0||RSI was already below 50|
|9||Buy||1.6159||1.6159||0||There was no crossover|
|10||Sell||1.6137||1.6137||0||There was no crossover|
Will this trading week yield good trends for EUR/USD and GBP/USD? I hope so!