What a week for the HLHB system! Thanks to a trending environment, this forex trend catcher did its job well on EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The system only had 3 signals on EUR/USD throughout the week but, thankfully, they’re all I need to make pips. Signal #2 got invalidated by the RSI filter, but signal #3 caught a monster move and hit the system’s maximum profit target of 200 pips. Woot! Woot!
|1||Buy||1.0984||1.0984||0||RSI was already above 50|
|2||Sell||1.0977||1.0977||0||RSI was already below 50|
|3||Sell||1.0791||1.0591||200||Profit target hit|
Like in EUR/USD, there were only a handful of signals on GBP/USD last week. Two of them, to be exact. Signal #2 was in a perfect place to catch a strong downward move but, this time, its gains was limited by the 50-pip moving stop loss. Imagine if it had caught the full move!
|1||Sell||1.4921||1.4921||0||RSI was already below 50|
|2||Sell||1.4882||1.4815||67||Adjusted stop loss hit|
Feeling optimistic about last week’s performance. Hoping for another trend-y week again this week! 🙂