A pretty mixed week for this trend-catcher system, as it got burned by fakeouts on EUR/USD but hit its 200-pip profit target on GBP/USD. Here are the details!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System had trouble with EUR/USD, as the pair ranged for most of the week. The fakeouts and losing signals trumped profitable ones, which resulted to a net loss of 94 pips for the week. Boo!
|5||Buy||1.2447||1.2447||0||There was no crossover|
|7||Buy||1.2463||1.2463||0||RSI was already above 50|
|9||Buy||1.2493||1.2493||0||RSI was already above 50|
Profit target hit, baby! Unlike in EUR/USD, Cable saw a huge move around the middle of the week. Luckily for the system, a buy signal popped up and hit the system’s profit target of 200 pips. Woot! Woot!
Let’s hope we see another good week for the system next week!