Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Talk about fakeouts! EUR/USD popped up A LOT of fakeouts throughout the week when it consolidated around the 1.3500 area. We only saw a breakout when Draghi was optimistic in his ECB press conference and even then the HLHB system signal was too late. It’s all part of the backtesting, I guess. *sigh*
|2||Sell||1.3488||1.3488||0||RSI was already below 50|
|4||Sell||1.3508||1.3508||0||RSI was already below 50|
|7||Buy||1.3520||1.3520||0||RSI was already above 50|
|9||Buy||1.3516||1.3516||0||RSI was already above 50|
|13||Buy||1.3529||1.3529||0||RSI was already above 50|
|14||Sell||1.3518||1.3568||-50||Stop loss hit|
|15||Buy||1.3594||1.3570||-24||Trailing stop hit|
|17||Buy||1.3588||1.3588||0||RSI was already above 50|
GBP/USD also ranged tightly for most of the week but like the other profitable weeks, the system popped up a signal that erased all of the earlier losses. Thanks to signal #9, we got a 30-pip gain on Cable. Not bad!
|2||Sell||1.6295||1.6295||0||RSI was already below 50|
|4||Sell||1.6317||1.6317||0||RSI was already below 50|
|5||Buy||1.6319||1.6319||0||RSI was already above 50|
|6||Sell||1.6301||1.6301||0||RSI was already below 50|
|7||Buy||1.6314||1.6314||0||RSI was already above 50|
Fingers crossed for even more gains next week!