Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD ranged tightly early in the week and caused a lot of fakeouts for the HLHB system. Things turned around after signal #7 though, as it yielded 121 pips in just over a day. Awesome, right?
|2||Sell||1.3546||1.3546||0||RSI was already below 50|
|4||Sell||1.3555||1.3555||0||RSI was already below 50|
|8||Sell||1.3671||1.3671||0||There was no RSI cross|
|9||Buy||1.3719||1.3719||0||RSI was already above 50|
The HLHB system experienced a double whammy from Cable this week as it not only ranged tightly for most of the week but it also inspired a lot of RSI crosses. As a result, we saw a LOT of signals that turned out to be fakeouts. My system gave up a ridiculous 102 pips by the end of the week! Ouch.
|2||Buy||1.6427||1.6427||0||RSI was already above 50|
|4||Buy||1.6434||1.6434||0||RSI was already above 50|
|6||Buy||1.6435||1.6435||0||There was no RSI cross|
|10||Buy||1.6474||1.6474||0||RSI was already above 50|
Looking forward to a better week!