Not as good as the previous week, but not so bad either! Here’s what happened to the system’s forex trades on EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Fakeout galore! Thanks to EUR/USD’s tight ranging conditions, only 1 out of 11 signals got validated last week. Luckily for the system, it also turned out to be a winner. Signal #10 would’ve yielded more pips than signal #8, but it got invalidated by the RSI filter. At least the filter did its job this time!
|1||Sell||1.0791||1.0791||0||There was no crossover|
|2||Buy||1.0864||1.0864||0||RSI was already above 50|
|3||Sell||1.0906||1.0906||0||There was no crossover|
|4||Buy||1.0953||1.0953||0||There was no crossover|
|5||Sell||1.0917||1.0917||0||RSI was already below 50|
|6||Buy||1.0936||1.0936||0||RSI was already above 50|
|7||Sell||1.0908||1.0908||0||There was no crossover|
|9||Buy||1.0973||1.0973||0||There was no crossover|
|10||Sell||1.0960||1.0960||0||RSI was already below 50|
|11||Buy||1.0877||1.0877||0||There was no crossover|
Unlike in EUR/USD, there were more valid signals on GBP/USD’s chart last week. Too bad that most of them turned out to be fakeouts though! Only signal #5 yielded solid results, enough to at least offset losses from signals #1, #3, and #7. By the end of the week the system is down 13 pips on the pair. Not too bad, I think.
|2||Buy||1.4933||1.4933||0||There was no crossover|
|4||Buy||1.4954||1.4954||0||RSI was already above 50|
|6||Sell||1.4858||1.4858||0||RSI was already below 50|
|8||Sell||1.4865||1.4865||0||RSI was already below 50|
|9||Buy||1.4891||1.4891||0||There was no crossover|
|11||Buy||1.4881||1.4881||0||RSI was already above 50|
Hoping for trendy, end-of-month volatility this week! 🙂