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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

EUR/USD ranged tightly for most of the week and only showed volatility around news releases. Signal #3 would have given a lot of pips had it not been invalidated by the RSI filter. Signal #9 brought pips to the table though, and limited the system’s weekly losses to just 7 pips. Phew!

# Signal Open Close Pips Notes
1 Sell 1.3526 1.3526 0 RSI was already below 50
2 Buy 1.3525 1.3521 -4 New crossover
3 Sell 1.3521 1.3521 0 RSI was already below 50
4 Buy 1.3467 1.3467 0 RSI was already above 50
5 Sell 1.3463 1.3463 0 RSI was already above 50
6 Buy 1.3473 1.3467 -6 New crossover
7 Sell 1.3467 1.3467 0 RSI was already below 50
8 Buy 1.3467 1.3467 0 RSI was already above 50
9 Sell 1.3446 1.3432 14 End-of-week trade
TOTAL -7

GBP/USD

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

Unlike in EUR/USD, we saw a downtrend from GBP/USD. The move wasn’t smooth though, so there were still tons of fakeouts instead of trending signals. Signal #11 canceled out some of the unfiltered fakeouts with a 43-pip gain and helped end the week with only a 3-pip loss for the HLHB System.

# Signal Open Close Pips Notes
1 Sell 1.7076 1.7076 0 RSI was already below 50
2 Buy 1.7076 1.7076 0 There was no crossover
3 Sell 1.7069 1.7069 0 RSI was already below 50
4 Buy 1.7078 1.7063 -15 New crossover
5 Sell 1.7063 1.7076 -13 New crossover
6 Buy 1.7076 1.7076 0 RSI was already above 50
7 Sell 1.7062 1.7062 0 RSI was already below 50
8 Buy 1.7069 1.7069 0 RSI was already above 50
9 Sell 1.7046 1.7042 4 New crossover
10 Buy 1.7042 1.7042 0 RSI was already above 50
11 Sell 1.7018 1.6975 43 New crossover
12 Sell 1.6975 1.6975 0 RSI was already below 50
13 Buy 1.6995 1.6975 -20 New crossover
14 Sell 1.6975 1.6977 -2 End-of-week trade
TOTAL -3

Hopefully we see better results next week!

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.