Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System did a good job at filtering out fakeouts, but two (signals #1 and #3) still managed to dodge the filters in a ranging environment. Both signals resulted to a 79-pip loss for the system. Boo!
|2||Buy||1.2642||1.2642||0||There was no crossover|
|4||Buy||1.2664||1.2664||0||RSI was already above 50|
|5||Sell||1.2724||1.2724||12||RSI was already below 50|
|6||Buy||1.2707||1.2707||0||There was no crossover|
|7||Sell||1.2687||1.2687||0||There was no crossover|
Talk about buzzer-beater points! Like in EUR/USD, the system filtered out a lot of fakeouts. Signal #7 would have hit the system profits hard if not for the last signal, which brought in a nice 105 pips. By the end of the week GBP/USD had gotten 5 pips from the HLHB System. Phew!
|1||Sell||1.5975||1.5975||0||RSI was already below 50|
|2||Buy||1.6054||1.6054||0||RSI was already above 50|
|4||Buy||1.6078||1.6078||0||RSI was already above 50|
Fingers crossed for a better week next week!