A pretty mixed week for the HLHB Trend-Catcher System, as it got hit with tons of forex fakeouts on EUR/USD and GBP/USD. Yipes!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD ranged tightly for most of the week, so it was no surprise that we also saw tons of fakeouts. Luckily for the system, signal #10 turned out to be valid and caught almost all of the upward move towards the end of the week. This canceled most of the system’s weekly losses and capped the week with a 24-pip gain. Phew!
|1||Sell||1.1319||1.1319||0||RSI was already below 50|
|2||Buy||1.1330||1.1330||0||There was no crossover|
|3||Sell||1.1314||1.1314||0||RSI was already below 50|
|4||Buy||1.1324||1.1324||0||RSI was already above 50|
|5||Sell||1.1317||1.1317||0||There was no crossover|
|6||Buy||1.1321||1.1321||0||There was no crossover|
Like in EUR/USD, Cable was also on a tight range for most of the week. Unlike in the first pair though, the system’s last signal, which would have gotten tons of pips, was invalidated by the RSI filter. This contributed to the system losing 69 pips by the end of the week. *smh*
|1||Sell||1.5238||1.5238||0||There was no crossover|
|4||Buy||1.5236||1.5236||0||RSI was already above 50|
|5||Sell||1.5244||1.5244||0||RSI was already below 50|
|6||Buy||1.5259||1.5259||0||RSI was already above 50|
|7||Sell||1.5232||1.5232||0||RSI was already below 50|
|8||Buy||1.5238||1.5238||0||There was no crossover|
Fingers crossed for stronger moves and less fakeouts this week! 🙂