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

EUR/USD

EUR/USD HLHB System Forex Chart
EUR/USD HLHB System Forex Chart

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

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

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

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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.