Blocked by the RSI filter! Thanks to the system’s parameters, this trend-catcher missed a few good forex moves. Here’s what happened!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System could have gotten a couple of pips had the RSI filter not invalidated signals 3 and 4 Heck, that’s more than a 100-pip move! Unfortunately, the RSI didn’t cross below or above the 50.00 mark at either times. Not all is lost though, as signal 5 still caught 38 pips near the end of the week. Not bad!
Talk about picking the wrong battles! Like in EUR/USD, there were a couple of good, trend-y moves on Cable last week. Signal 1, for example, could have gotten a handful of pips throughout the week. But the RSI filter stood between the HLHB and profits again, and the system ended up validating the fakeouts. By the end of the week the system was down 84 pips from the pair. Boo!
We’re down to the last trading days of the year! Got any plans over the holidays?
See ya and XOXO,