Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Fakeout alert! The HLHB System wasn’t able to filter some of the fakeouts especially with the pair ranging tightly later in the week. The last trade brought 21 pips to the table but just wasn’t enough to put EUR/USD’s gains to positive. *sigh*
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3642 | 1.3648 | 6 | New crossover |
| 2 | Sell | 1.3648 | 1.3636 | 12 | New crossover |
| 3 | Buy | 1.3636 | 1.3636 | 0 | There was no crossover |
| 4 | Sell | 1.3633 | 1.3633 | 0 | There was no crossover |
| 5 | Buy | 1.3607 | 1.3594 | -13 | New crossover |
| 6 | Sell | 1.3594 | 1.3594 | 0 | RSI was already below 50 |
| 7 | Buy | 1.3619 | 1.3601 | -18 | New crossover |
| 8 | Sell | 1.3601 | 1.3606 | -5 | New crossover |
| 9 | Buy | 1.3606 | 1.3606 | 0 | RSI was already above 50 |
| 10 | Sell | 1.3603 | 1.3611 | -8 | New crossover |
| 11 | Buy | 1.3611 | 1.3632 | 21 | End-of-week trade |
| TOTAL | -5 |
GBP/USD
Look at this pip-maker! Like in EUR/USD, GBP/USD also saw some fakeouts. Unlike the former though, Cable popped up two winning trades that were enough to put the profits in the green. By the end of the week the HLHB System brought 40 pips from Cable. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6842 | 1.6867 | -25 | New crossover |
| 2 | Buy | 1.6867 | 1.6867 | 0 | RSI was already above 50 |
| 3 | Sell | 1.6823 | 1.6779 | 44 | New crossover |
| 4 | Sell | 1.6779 | 1.6779 | 0 | RSI was already below 50 |
| 5 | Sell | 1.6704 | 1.6704 | 0 | There was no crossover |
| 6 | Buy | 1.6737 | 1.6717 | -20 | New crossover |
| 7 | Sell | 1.6717 | 1.6717 | 0 | RSI was already below 50 |
| 8 | Buy | 1.6722 | 1.6763 | 41 | End-of-week trade |
| TOTAL | 40 |
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.