Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Another good week for EUR/USD! Aside from the RSI filtering a couple of fakeouts, the system printed a sell signal right before the pair dropped below its consolidation on the 1-hour chart. The 149-pip trade from signal #7 was more than enough to offset the 13-pip loss from the 3rd signal.
|1||Sell||1.3901||1.3901||0||There was no crossover|
|2||Buy||1.3936||1.3936||0||RSI was already above 50|
|4||Buy||1.3929||1.3929||0||RSI was already above 50|
|5||Sell||1.3920||1.3920||0||RSI was already below 50|
|6||Buy||1.3926||1.3926||0||RSI was already above 50|
|8||Sell||1.3769||1.3769||0||RSI was already below 50|
Like in EUR/USD, the HLHB System was able to dodge some fakeouts with the RSI filter. Unfortunately, it also posted a BUY signal just before Cable dropped, a similar move that we saw in EUR/USD. It resulted to a 67-pip loss that pulled the net results to -56 pips. Drat!
|1||Sell||1.6626||1.6626||0||RSI was already below 50|
|4||Buy||1.6640||1.6640||0||RSI was already above 50|
|6||Sell||1.6590||1.6590||0||RSI was already below 50|
|9||Sell||1.6507||1.6507||0||RSI was already below 50|
|10||Sell||1.6506||1.6506||0||RSI was already below 50|
I hope this system sees a better week next week!