Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
The RSI did a good job of filtering a couple of fakeouts with only a few slipping past the filter. Unfortunately, all the small losses added up to a 32-pip loss by the end of the week. Boo!
TOTAL
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.3820 | 1.3866 | -46 | New crossover |
| 2 | Buy | 1.3866 | 1.3866 | 0 | RSI was already above 50 |
| 3 | Sell | 1.3844 | 1.3844 | 0 | RSI was already below 50 |
| 4 | Buy | 1.3853 | 1.3853 | 0 | RSI was already above 50 |
| 5 | Sell | 1.3858 | 1.3822 | 36 | New crossover |
| 6 | Buy | 1.3822 | 1.3867 | 45 | New crossover |
| 7 | Buy | 1.3867 | 1.3828 | -39 | New crossover |
| 8 | Sell | 1.3828 | 1.3864 | -36 | New crossover |
| 9 | Buy | 1.3864 | 1.3872 | 8 | End-of-week trade |
| TOTAL | -32 |
GBP/USD
Unlike in EUR/USD, the HLHB System’s RSI condition kept out most of the fakeouts. In fact, it kept out almost all of the trades with only one winning trade making the cut. By the end of the week the system gained 16 pips from Cable. Not bad!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.6824 | 1.6824 | 0 | RSI was already above 50 |
| 2 | Sell | 1.6811 | 1.6821 | 0 | RSI was already below 50 |
| 3 | Buy | 1.6816 | 1.6816 | 0 | RSI was already above 50 |
| 4 | Sell | 1.6810 | 1.6810 | 0 | RSI was already below 50 |
| 5 | Buy | 1.6833 | 1.6833 | 0 | RSI was already above 50 |
| 6 | Buy | 1.6825 | 1.6825 | 0 | RSI was already above 50 |
| 7 | Buy | 1.6895 | 1.6895 | 0 | RSI was already above 50 |
| 8 | Sell | 1.6889 | 1.6873 | 16 | Adjusted SL hit |
| 9 | Buy | 1.6876 | 1.6876 | 0 | End-of-week trade |
| TOTAL | 16 |
Hoping for a better 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.