Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
What a week for the euro! EUR/USD traded on a tight range early in the week. Fortunately for the system, it caught a sell signal just before the ECB cut its rates and Mario Draghi hinted at more stimulus to come. It got a cool 161 pips for the HLHB team! Woohoo!
|5||Buy||1.3518||1.3518||0||RSI was already above 50|
|6||Sell||1.3506||1.3345||161||Trailing stop hit|
|7||Sell||1.3390||1.3390||0||RSI was already below 50|
Unlike in EUR/USD, the system was a bit late in catching Cable’s strong moves. Instead, the system took profits on small price movements. It all worked out in the end though, as we still saw a 13-pip gain.
|3||Buy||1.6084||1.6084||0||RSI was already above 50|
Let me know if you have any questions!