Another mixed forex trading week for the HLHB System! This time potential profits from EUR/USD and GBP/USD were mostly choked by trailing stops. Eep!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System did a pretty good job catching a few pips despite the pair still showing fakeouts. Most of the action happened early in the week with three winning trades and two losing trades translating to a net gain of 19 pips. Not bad for a not-so-trending week for EUR/USD!
|1||Sell||1.0787||1.0763||24||Trailing stop hit|
|2||Buy||1.0742||1.0731||-11||Trailing stop hit|
|4||Buy||1.0737||1.0751||14||Trailing stop hit|
|5||Sell||1.0727||1.0717||10||Trailing stop hit|
|6||Buy||1.0751||1.0751||0||RSI was already above 50|
|7||Sell||1.0792||1.0792||0||There was no crossover|
|8||Buy||1.0813||1.0813||0||RSI was already above 50|
|9||Sell||1.0814||1.0814||0||There was no crossover|
|10||Buy||1.0863||1.0863||0||There was no crossover|
GBP/USD’s first signal would’ve been yielded tons of pips if it hadn’t hit the system’s trailing stop. Unfortunately for the HLHB System, signal #2’s loss was bigger than signal #1’s gain. This translated to a net loss of 3 pips for the week. Better luck next time, huh?
|1||Buy||1.4905||1.4923||18||Trailing stop hit|
|3||Sell||1.5033||1.5033||0||RSI was already below 50|
|4||Buy||1.5054||1.5054||0||RSI was already above 50|
Not a bad week, I think. It wouldn’t hurt to have a trending week this week though. My fingers and toes are crossed! 🙂