It wasn’t a good week for the HLHB Trend-Catcher as we saw a lot of fakeouts. EUR/USD, in particular, traded tightly for most of the week, which resulted in losses for the system.
|1||1.3266||1.3266||RSI was already above 50|
|6||1.3300||1.3307||Trailing stop hit|
|7||1.3315||1.3315||RSI was already above 50|
We saw a similar story of fakeout galore on GBP/USD. Fortunately, the pair had one good signal at the end of the week, which limited the system’s losses to only 39 pips. Phew!
|1||1.5710||1.5710||RSI was already above 50|
|5||1.5787||1.5787||RSI was already above 50|
Hmm, I guess I really should just use the HLHB Trend Catcher on trending price action. Here’s to hoping that the next week is a better one!