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