Another profitable forex trading week for the HLHB Trend-Following System, yo! Here are the deets on EUR/USD and GBP/USD price action!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System showed a strong sell signal at the beginning of the week just before EUR/USD dropped. Unfortunately, the RSI filter had was nowhere near a crossover and the signal was invalidated. The pair then ranged for the remainder of the week, though it didn’t stop the system from sneaking a net of 49 pips by week’s end. Phew!
|1||Sell||1.1417||1.1417||0||There was no crossover|
|3||Sell||1.1113||1.1113||0||There was no crossover|
|4||Buy||1.1133||1.1133||0||There was no crossover|
|5||Sell||1.1120||1.1120||0||There was no crossover|
|6||Buy||1.1132||1.1132||0||There was no crossover|
|8||Buy||1.1134||1.1134||0||There was no crossover|
Unlike in EUR/USD, Cable went straight into ranging mode and remained that way for most of the week. Still, price action was wide enough to pop up some good signals for the HLHB System. Signal #7 was particularly successful, as it showed up just before GBP/USD rocketed by around 100 pips. By the end of the week the system was up by a net of 63 pips on the pair. Woot! Woot!
|1||Buy||1.5666||1.5666||0||There was no crossover|
|2||Sell||1.5598||1.5598||0||There was no crossover|
|3||Buy||1.5526||1.5538||12||Adjusted stop loss hit|
|4||Sell||1.5530||1.5530||0||There was no crossover|
|5||Buy||1.5540||1.5540||0||There was no crossover|
|7||Buy||1.5562||1.5649||87||Adjusted stop loss hit|
|8||Sell||1.5659||1.5659||0||There was no crossover|