A pretty good forex trading week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The system started the week on a weak note thanks to EUR/USD ranging tighter than my pants after the holidays. Luckily, the 7th signal was validated, and was able to catch a full 200 pips for the system. By the end of the week the HLHB System is up 105 pips from EUR/USD. Woot!
|3||Sell||1.2435||1.2435||0||There was no crossover|
|4||Buy||1.2446||1.2446||0||There was no crossover|
|7||Sell||1.2500||1.2300||200||Profit target hit|
|8||Sell||1.2282||1.2282||0||RSI was already below 50|
Though GBP/USD didn’t show monster one-directional moves throughout the week, the HLHB System was able to validate more signals that brought pips than those that turned out to be fakeouts. The week ended with a close 6-pip win for the system. Phew!
|2||Sell||1.5742||1.5742||0||RSI was already below 50|
|4||Sell||1.5726||1.5726||0||There was no crossover|
|6||Buy||1.5662||1.5662||0||RSI was already above 50|
Up next, I’m posting my last HLHB entries for 2014. Fingers crossed that this trend-catcher system end the year on a good note! 🙂