Taking this opportunity to catch up to my HLHB updates! Unfortunately for my mechanical forex trading system, the last week of May wasn’t good for EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Though it wasn’t exactly fakeout galore for EUR/USD in the last week of May, there were two signals that weighed enough in the final stats to matter. Yep, I’m talking about signals #2 and #4, which were both valid but had popped up just before the pair reversed its direction. By the end of the week the HLHB System is down 91 pips from EUR/USD. Boo!
|2||Sell||1.0862||1.0862||0||There was no RSI crossover|
|3||Buy||1.0901||1.0901||0||Adjusted stop loss hit|
|5||Buy||1.0931||1.0931||0||There was no RSI crossover|
|6||Sell||1.0928||1.0928||0||There was no RSI crossover|
|7||Buy||1.0961||1.0961||0||There was no RSI crossover|
It was a decent week for GBP/USD as more than a couple of signals turned out to be valid. Even better, they yielded net gains for the HLHB System. Signals #4 and #8 were especially fortunate, especially since price action got tight after the drop after signal #2 (which was invalid, by the way). By the end of the week the system had 38 pips on Cable. Right on!
|1||Buy||1.5504||1.5504||0||There was no RSI crossover|
|2||Sell||1.5476||1.5476||0||There was no RSI crossover|
|3||Buy||1.5404||1.5404||-17||Adjusted stop loss hit|
|4||Sell||1.5383||1.5352||31||Adjusted stop loss hit|
|5||Buy||1.5361||1.5361||0||There was no RSI crossover|
|6||Sell||1.5345||1.5345||0||There was no RSI crossover|
|7||Buy||1.5359||1.5359||0||There was no RSI crossover|
|8||Sell||1.5335||1.5335||24||Adjusted stop loss hit|
|9||Buy||1.5315||1.5315||0||There was no RSI crossover|
|10||Sell||1.5293||1.5293||6||Adjusted stop loss hit|