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