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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

Not a good week for the HLHB Trend Catcher System, as it lost pips from both EUR/USD. The 60-pip loss from signal #4 was particularly bad for EUR/USD since it popped up right AFTER a big move. Even worse, there was no winning trade to soften the blow of the losses. By the end of the week there was a 99-pip dent on the system’s performance. 🙁

# Signal Open Close Pips Notes
1 Buy 1.3368 1.3362 -6 New crossover
2 Sell 1.3362 1.3362 0 RSI was already below 50
3 Buy 1.3369 1.3352 -17 New crossover
4 Sell 1.3352 1.3412 -60 New crossover
5 Buy 1.3412 1.3412 0 RSI was already above 50
6 Sell 1.3369 1.3369 0 There was no crossover
7 Buy 1.3381 1.3365 -16 New crossover
8 Sell 1.3365 1.3365 0 RSI was already below 50
9 Buy 1.3368 1.3368 0 RSI was already above 50
TOTAL -99

GBP/USD

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

GBP/USD also suffered a couple of fakeouts, but this time there was at least a 43-pip win to cushion the 48-pip loss from signal #6. Still, the system closed with a 44-pip damage by the end of the week.

# Signal Open Close Pips Notes
1 Buy 1.6791 1.6785 -6 New crossover
2 Sell 1.6785 1.6785 0 There was no crossover
3 Sell 1.6783 1.6783 0 RSI was already below 50
4 Buy 1.6778 1.6772 -6 There was no crossover
5 Sell 1.6772 1.6783 -11 New crossover
6 Buy 1.6783 1.6735 -48 New crossover
7 Sell 1.6735 1.6692 43 New crossover
8 Buy 1.6692 1.6692 0 New crossover
9 Sell 1.6684 1.6684 0 There was no crossover
10 Buy 1.6687 1.6684 -6 New crossover
11 Sell 1.6684 1.6684 0 RSI was already below 50
12 Buy 1.6696 1.6686 -10 New crossover
13 Sell 1.6686 1.6686 0 RSI was already below 50
14 Buy 1.6698 1.6698 0 RSI was already above 50
TOTAL -44

Fingers crossed for a better week 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.