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
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