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Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart
EUR/USD HLHB System Forex Chart

EUR/USD’s signal #3 killed the overall profits as it happened just before a spike. Gains from signal #7 probably would have reversed the losses but it was invalidated with the RSI that’s already below 50.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3790 1.3790 0 RSI was already below 50
2 Buy 1.3801 1.3801 0 RSI was already above 50
3 Sell 1.3775 1.3870 -95 New crossover
4 Buy 1.3870 1.3870 0 RSI was already above 50
5 Sell 1.3813 1.3826 -13 New crossover
6 Buy 1.3826 1.3826 0 RSI was already above 50
7 Sell 1.3813 1.3813 0 RSI was already below 50
8 Buy 1.3752 1.3752 0 There was no crossover
9 Sell 1.3755 1.3756 0 RSI was already below 50
10 Buy 1.3755 1.3756 1 End-of-week trade
TOTAL -107

GBP/USD

GBP/USD HLHB System Forex Char
GBP/USD HLHB System Forex Char

The HLHB System caused twice the trouble for GBP/USD as it threw A LOT of fakeouts that were valid signals. By the end of the week the small losses added to a 200-pip damage. Yikes!

# Signal Open Close Pips Notes
1 Buy 1.6491 1.6491 0 There was no crossover
2 Sell 1.6486 1.6486 0 There was no crossover
3 Buy 1.6498 1.6480 -18 New crossover
4 Sell 1.6480 1.6496 -16 New crossover
5 Buy 1.6496 1.6481 -15 New crossover
6 Sell 1.6481 1.6535 -54 New crossover
7 Buy 1.6535 1.6535 0 RSI was already above 50
8 Sell 1.6490 1.6503 -13 New crossover
9 Buy 1.6503 1.6503 0 RSI was already above 50
10 Sell 1.6519 1.6543 -24 New crossover
11 Buy 1.6543 1.6567 24 New crossover
12 Sell 1.6567 1.6578 -11 New crossover
13 Buy 1.6578 1.6564 -14 New crossover
14 Sell 1.6564 1.6630 -66 New crossover
15 Buy 1.6630 1.6605 -25 New crossover
16 Sell 1.6605 1.6605 0 There was no crossover
17 Buy 1.6618 1.6618 0 RSI was already above 50
18 Sell 1.6614 1.6614 0 RSI was already below 50
19 Buy 1.6626 1.6664 18 End-of-week trade
TOTAL -214

I really hope this system sees a better week next week!

XOXO,

Huck

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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.