Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD threw out A LOT of fakeouts early in the week thanks to a tight ranging environment. Luckily for the system, it caught the start of a downtrend that lasted until the end of the week. The positive signal was enough to offset all the losses and the week ended with a 62-pip gain.
|1||Buy||1.3687||1.3687||0||RSI was already above 50|
|3||Buy||1.3689||1.3672||0||RSI was already below 50|
|4||Sell||1.3672||1.3672||0||RSI was already below 50|
|7||Sell||1.3655||1.3655||0||RSI was already below 50|
|10||Buy||1.3662||1.3662||0||RSI was already above 50|
|12||Buy||1.3663||1.3663||0||RSI was already above 50|
Just like in EUR/USD, Cable had a hard time finding direction early in the week. Also like in EUR/USD, the HLHB System was able to catch a start of a downtrend that yielded more than 100 pips. By the end of the week the system had 87 pips on Cable. Cool!
|1||Buy||1.6528||1.6576||48||Trailing stop hit|
|3||Buy||1.6599||1.6599||0||RSI was already above 50|
|6||Sell||1.6559||1.6559||0||RSI was already below 50|
Fingers crossed for even more gains next week!