Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Unlike the previous week, the system threw a lot of signals for EUR/USD. Unfortunately, those signals were from consolidation and tight ranges. By the end of the week the small losses added up to a total of -83 pips. Boo!
|3||Sell||1.3606||1.3606||0||RSI was already below 50|
|4||Buy||1.3628||1.3628||0||RSI was already above 50|
|5||Sell||1.3608||1.3608||0||RSI was already below 50|
|8||Buy||1.3605||1.3605||0||RSI was already above 50|
The system’s losses were marginally higher with GBP/USD than with EUR/USD. We only saw 8 signals throughout the week but there were more losers than winners. They all added up to a 91-pip loss by the end of Friday!
|3||Sell||1.6399||1.6399||0||RSI was already below 50|
Ranging environment is the HLHB Trend-Catcher System’s enemy! Crossing my fingers for a better week next week 🙂