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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

Hit by another ranging week! As you can see on the chart below, the HLHB System was hit by tons of fakeouts throughout the week. The only winner was signal #2 and even that was cut short by another signal. By the end of the week the system had sustained a 53-pip hit. Yeouch.

# Signal Open Close Pips Notes
1 Sell 1.3588 1.3588 0 RSI was already below 50
2 Buy 1.3599 1.3601 2 New crossover
3 Sell 1.3601 1.3613 -12 New crossover
4 Buy 1.3613 1.3612 -1 New crossover
5 Sell 1.3612 1.3640 -28 RSI was already above 50
6 Buy 1.3640 1.3640 0 RSI was already above 50
7 Sell 1.3634 1.3634 0 RSI was already below 50
8 Buy 1.3613 1.3599 -14 New crossover
9 Sell 1.3599 1.3599 0 There was no crossover
10 Buy 1.3608 1.3608 0 RSI was already above 50
TOTAL -53

GBP/USD

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

If you think the hit on EUR/USD was bad, then you should see its effect on GBP/USD! Unlike in EUR/USD, there was NO positive trade from GBP/USD last week. In fact, there’s even a 40-pip loss on signal #3! Fingers crossed for a healthy trending environment next week!

# Signal Open Close Pips Notes
1 Sell 1.7138 1.7138 0 RSI was already below 50
2 Sell 1.7128 1.7128 0 RSI was already below 50
3 Buy 1.7138 1.7098 -40 New crossover
4 Sell 1.7098 1.7129 -31 New crossover
5 Buy 1.7129 1.7114 -15 New crossover
6 Sell 1.7114 1.7114 0 RSI was already below 50
7 Buy 1.7139 1.7128 -11 New crossover
8 Sell 1.7128 1.7143 -15 New crossover
9 Buy 1.7143 1.7143 0 RSI was already above 50
10 Sell 1.7122 1.7122 0 RSI was already below 50
11 Buy 1.7132 1.7132 0 RSI was already above 50
12 Sell 1.7127 1.7133 -6 New crossover
13 Buy 1.7133 1.7115 -18 New crossover
14 Sell 1.7115 1.7115 0 RSI was already below 50
TOTAL -136

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.