Another mixed week for the HLHB System! There were tons of fakeouts from both EUR/USD and GBP/USD, but only one of them yielded positive results for the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD slowly trended higher last week, but it also popped up a lot of fakeouts while it was at it. The RSI filter wasn’t enough to hold back the last couple of fakeouts and by the end of the week the system was down 37 pips on EUR/USD. Ugh.
|1||Sell||1.2382||1.2382||0||RSI was already below 50|
|3||Sell||1.2423||1.2423||0||RSI was already below 50|
|4||Buy||1.2436||1.2436||0||There was no crossover|
|5||Sell||1.2413||1.2413||0||RSI was already below 50|
Saved by the last signal! Although GBP/USD also saw a couple of fakeouts, it also caught the start of an intraweek trend reversal near the end of the week. Signal #10 yielded 127 pips, which was enough to pull the system’s gains back up to a net of +90 pips. Phew!
|1||Buy||1.5664||1.5663||0||There was no crossover|
|2||Sell||1.5641||1.5641||0||RSI was already below 50|
|6||Sell||1.5697||1.5697||0||RSI was already below 50|
|7||Buy||1.5711||1.5711||0||RSI was already above 50|
|8||Sell||1.5704||1.5704||0||There was no crossover|
|9||Buy||1.5729||1.5729||0||RSI was already above 50|
Will the NFP week produce trend-friendly signals for the HLHB System? I sure hope so. Fingers crossed!