It was a hit-and-miss forex week for the HLHB trend-Catcher System thanks to the RSI filter invalidating a decent move on EUR/USD. Here are the details!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD only popped up 2 signals throughout the whole week. This would’ve been fine if the RSI filter didn’t invalidate signal #1. It was a decent signal that would’ve earned the system tons of pips! Oh well, at least it didn’t lose any pips either by the end of the week.
|1||Buy||1.0847||1.0847||0||RSI was already above 50|
|2||Sell||1.0635||1.0635||0||RSI was already below 50|
GBP/USD printed a couple more signals than in EUR/USD. Even more fortunately, it also validated signal #6, which was half of the pair’s biggest weekly move. Too bad signal #8 wasn’t valid though! By the end of the week the system gained a net of 98 pips from GBP/USD. Not bad!
|2||Sell||1.5102||1.5102||0||RSI was already below 50|
|3||Buy||1.5086||1.5086||0||There was no crossover|
|4||Sell||1.5065||1.5065||0||RSI was already below 50|
|5||Buy||1.5084||1.5084||0||There was no crossover|
|6||Sell||1.5064||1.4944||120||Trailing stop loss hit|
|8||Sell||1.4943||1.4943||0||RSI was already below 50|
Crossing my fingers for more valid, start-of-trend signals from the HLHB this week! 🙂