Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Another win from EUR/USD! As usual, the HLHB system dealt with more than a few fakeouts early in the week. Luckily, the system showed a sell signal just before an ECB official hinted at possible negative rates from the ECB. Price fell well below 1.3450 and gave the system 85 pips before Draghi dispelled the rumors and boosted the euro. Phew!
|2||Buy||1.3519||1.3519||0||RSI was already above 50|
|3||Buy||1.3518||1.3518||0||RSI was already above 50|
|6||Sell||1.3534||1.3449||85||Trailing stop hit|
Cable was in a wide range for most of the week, but that didn’t stop the HLHB system from sneaking in a total of 38 pips. Like in EUR/USD, it was the last signal for the week that brought home the bacon. Hmm, how can I filter these fakeouts?
|6||Buy||1.6131||1.6129||-2||Trailing stop hit|
|7||Sell||1.6129||1.6129||0||RSI was already below 50|
Let me know if you have any questions!