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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

As I mentioned in my last update, the RSI crossover condition is doing a great job at keeping out fakeouts. Unfortunately, the filter also invalidated some good signals for this week. The fifth signal, for example, could have given us a 116-pip win if the RSI condition hadn’t invalidated it. Still, a 1-pip loss isn’t so bad.

TOTAL

# Signal Open Close Pips Notes
1 Buy 1.3879 1.3879 0 RSI was already above 50
2 Buy 1.3927 1.3927 0 RSI was already above 50
3 Sell 1.3917 1.3918 -1 New crossover
4 Buy 1.3918 1.3918 0 RSI was already above 50
5 Sell 1.3871 1.3871 0 RSI was already below 50
TOTAL -1

GBP/USD

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

This is what I’m talking about! Although GBP/USD only threw out 3 signals throughout the week, the third one more than made up for the lack of action. In fact, the 96-pip win could go a long way at erasing some of the system’s losses from the previous weeks!

# Signal Open Close Pips Notes
1 Sell 1.6874 1.6874 0 RSI was already below 50
2 Buy 1.6965 1.6965 0 RSI was already above 50
3 Sell 1.6947 1.6851 96 End-of-week trade
TOTAL 96

Hoping for a better week next week!

XOXO,

Huck

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