A pretty good week for the HLHB Trend-Catcher System, as it gained pips from both EUR/USD and GBP/USD. Here’s my forex update!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD popped up its most profitable signal near the start of the week before it dropped (and ranged) around the 1.1800 area. Luckily for the HLHB System, the 96-pip gain on signal #2 was enough to offset losses from fakeouts from the latter part of the week. Phew!
|1||Sell||1.1907||1.1907||0||There was no crossover|
|3||Buy||1.1817||1.1817||0||RSI was already above 50|
|4||Sell||1.1784||1.1784||0||RSI was already below 50|
|6||Sell||1.1793||1.1793||0||RSI was already below 50|
Like in EUR/USD, GBP/USD also dropped significantly before ranging. Unlike in EUR/USD though, the HLHB System invalidated a potentially profitable signal. Instead, the system got its profits from signal #5. Not as good as signal #1’s potential profits, but a gain’s a gain, right?
|1||Sell||1.5232||1.5232||0||RSI as already below 50|
|2||Sell||1.5105||1.5105||0||RSI was already below 50|
|4||Sell||1.5081||1.5081||0||There was no crossover|
A pretty good start for the year, I think. Hopefully we see more trends this year. Who knows? Maybe the system’s performance could surpass its 2014 results!