Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Although signal #6 brought home 52 pips, a couple of fakeouts had canceled most of the gains. By the end of the week the system was down 18 pips from EUR/USD. Darn you fakeouts at the beginning of the week!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3542 | 1.3527 | -15 | New crossover |
| 2 | Sell | 1.3527 | 1.3527 | 0 | RSI was already below 50 |
| 3 | Buy | 1.3555 | 1.3555 | 0 | There was no crossover |
| 4 | Buy | 1.3575 | 1.3543 | -32 | New crossover |
| 5 | Sell | 1.3543 | 1.3554 | -11 | New crossover |
| 6 | Buy | 1.3554 | 1.3606 | 52 | New crossover |
| 7 | Sell | 1.3606 | 1.3618 | -12 | New crossover |
| 8 | Buy | 1.3618 | 1.3618 | 0 | RSI was already above 50 |
| 9 | Sell | 1.3611 | 1.3611 | 0 | RSI was already below 50 |
| TOTAL | -18 |
GBP/USD
Well this is a first. One look at GBP/USD tells us that there are more instances of fakeouts. Luckily, the HLHB System managed to filter out most of them. And with Signal #11 bringing 50 pips to the table, the system had limited its losses to 18 pips, similar to EUR/USD’s results. Not bad!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6973 | 1.6973 | 0 | There was no crossover |
| 2 | Buy | 1.6994 | 1.6994 | 0 | RSI was already above 50 |
| 3 | Buy | 1.6983 | 1.6983 | 0 | RSI was already above 50 |
| 4 | Buy | 1.6981 | 1.6981 | 0 | RSI was already above 50 |
| 5 | Sell | 1.6954 | 1.6986 | -32 | New crossover |
| 6 | Buy | 1.6986 | 1.6986 | 0 | RSI was already above 50 |
| 7 | Sell | 1.6962 | 1.6959 | 3 | New crossover |
| 8 | Sell | 1.6959 | 1.6959 | 0 | RSI was already below 50 |
| 9 | Buy | 1.6966 | 1.6945 | -21 | New crossover |
| 10 | Sell | 1.6945 | 1.6988 | -43 | New crossover |
| 11 | Buy | 1.6988 | 1.7038 | 50 | New crossover |
| 12 | Sell | 1.7038 | 1.7013 | 25 | End-of-week trade |
| TOTAL | -18 |
Crossing my fingers for another good trading 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.