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