Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Fakeout galore! The HLHB System printed a lot of fakeouts in EUR/USD this week. Too bad there weren’t any big gains to offset the losses! By the end of the week those small losses translated to a 9-pip setback for the system.
TOTAL
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3818 | 1.3818 | 0 | RSI was already above 50 |
| 2 | Sell | 1.3812 | 1.3805 | 7 | New crossover |
| 3 | Buy | 1.3805 | 1.3801 | -4 | New crossover |
| 4 | Sell | 1.3801 | 1.3801 | 0 | RSI was already below 50 |
| 5 | Buy | 1.3806 | 1.3806 | 0 | RSI was already above 50 |
| 6 | Sell | 1.3803 | 1.3810 | -7 | New crossover |
| 7 | Buy | 1.3810 | 1.3814 | 4 | New crossover |
| 8 | Sell | 1.3814 | 1.3823 | -9 | New crossover |
| 9 | Buy | 1.3823 | 1.3823 | 0 | There was no crossover |
| 10 | Sell | 1.3793 | 1.3793 | 0 | There was no crossover |
| 11 | Buy | 1.3824 | 1.3824 | 0 | RSI was already above 50 |
| TOTAL | -9 |
GBP/USD
Now this is so much better! GBP/USD also didn’t escape from fakeouts and losing trades. Unlike in EUR/USD though, the system popped up a couple of winning trades that added up to a neat 40-pip gain on Cable. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6797 | 1.6798 | -1 | New crossover |
| 2 | Buy | 1.6798 | 1.6821 | 23 | New crossover |
| 3 | Sell | 1.6821 | 1.6775 | 46 | New crossover |
| 4 | Sell | 1.6775 | 1.6800 | -25 | New crossover |
| 5 | Buy | 1.6800 | 1.6800 | 0 | RSI was already above 50 |
| 6 | Sell | 1.6800 | 1.6803 | -3 | End-of-week trade |
| TOTAL | 40 |
I really hope this system posts another good week next week!
XOXO,
Huck
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.