Not a good week for the HLHB System, as the gains from both EUR/USD and GBP/USD weren’t enough to make up the losses from the fakeouts. Boo!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Though EUR/USD ranged for the most part of the week, it had one big trend that would have made the system pips. Unfortunately, the SMAs hadn’t crossed at around early Tuesday so the valid buy signal was still in play while the pair dropped like a rock. By the end of the week the system had sustained an 88-pip damage from EUR/USD. Ouch.
|1||Buy||1.2455||1.2455||0||RSI was already above 50|
|2||Sell||1.2423||1.2423||0||There was no crossover|
|3||Buy||1.2466||1.2416||-50||Trailing stop hit|
|5||Sell||1.2307||1.2307||0||RSI was already below 50|
|7||Sell||1.2371||1.2371||0||There was no crossover|
|8||Buy||1.2382||1.2382||0||There was no crossover|
Like EUR/USD, Cable was also in Rangeville for most of the week. Unlike the first pair though, there wasn’t really any clear trend that could have made this trend-catcher some pips. Good thing that the week ended with the system only losing 35 pips on GBP/USD. Not bad, I think.
|4||Sell||1.5673||1.5673||0||RSI was already below 50|
|5||Buy||1.5673||1.5623||-50||Trailing stop hit|
|6||Sell||1.5584||1.5584||0||RSI was already below 50|
Hoping that week 2 would treat the HLHB System better. Fingers crossed!