Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Can you say fakeout? Thanks to a ranging environment, the HLHB Trend-Catcher System didn’t stand a chance. In fact, only two signals turned out to be winners while the rest were invalid or were losing trades. I guess this is expected when I use a trend catcher on a ranging chart.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.3591 | 1.3591 | 0 | RSI was already below 50 |
| 2 | Buy | 1.3595 | 1.3581 | -14 | New crossover |
| 3 | Sell | 1.3581 | 1.3581 | 0 | RSI was already below 50 |
| 4 | Buy | 1.3596 | 1.3593 | -3 | New crossover |
| 5 | Sell | 1.3593 | 1.3611 | -18 | New crossover |
| 6 | Buy | 1.3611 | 1.3595 | -16 | New crossover |
| 7 | Sell | 1.3595 | 1.3606 | -11 | New crossover |
| 8 | Buy | 1.3606 | 1.3606 | 0 | RSI was already above 50 |
| 9 | Sell | 1.3604 | 1.3607 | -3 | New crossover |
| 10 | Buy | 1.3607 | 1.3604 | -3 | New crossover |
| 11 | Sell | 1.3604 | 1.3604 | 0 | RSI was already below 50 |
| 12 | Buy | 1.3610 | 1.3625 | 15 | New crossover |
| 13 | Sell | 1.3625 | 1.3613 | 12 | New crossover |
| 14 | Sell | 1.3613 | 1.3630 | -17 | New crossover |
| 15 | Buy | 1.3630 | 1.3630 | 0 | RSI was already above 50 |
| TOTAL | -58 |
GBP/USD
Much like in EUR/USD, GBP/USD was also in a tight range for most of the week. Signal #7 alleviated the losses a bit but by the end of the week the system still registered a 53-pip loss on Cable. Better luck next time!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.7035 | 1.7017 | -18 | New crossover |
| 2 | Sell | 1.7017 | 1.7017 | 0 | RSI was already below 50 |
| 3 | Buy | 1.7024 | 1.7024 | 0 | RSI was already above 50 |
| 4 | Sell | 1.7021 | 1.7027 | -6 | New crossover |
| 5 | Buy | 1.7027 | 1.6985 | -42 | New crossover |
| 6 | Sell | 1.6985 | 1.6999 | -14 | New crossover |
| 7 | Buy | 1.6999 | 1.7026 | 27 | New crossover |
| 8 | Sell | 1.7026 | 1.7026 | 0 | RSI was already below 50 |
| 9 | Buy | 1.7040 | 1.7040 | 0 | End-of-week trade |
| TOTAL | -53 |
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.