Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
There was no megaprofitable signal from EUR/USD throughout the week, as the pair stayed in a wide range. It did catch signal #5 though, which canceled out all the fakeouts and led to a 19-pip win for the system. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.3432 | 1.3432 | 0 | RSI was already below 50 |
| 2 | Buy | 1.3440 | 1.3440 | 0 | RSI was already below 50 |
| 3 | Sell | 1.3435 | 1.3437 | -2 | New crossover |
| 4 | Buy | 1.3437 | 1.3437 | 0 | There was no crossover |
| 5 | Sell | 1.3433 | 1.3397 | 36 | New crossover |
| 6 | Buy | 1.3397 | 1.3389 | -8 | New crossover |
| 7 | Sell | 1.3389 | 1.3396 | -7 | New crossover |
| 8 | Buy | 1.3396 | 1.3396 | 0 | There was no crossover |
| 9 | Sell | 1.3392 | 1.3392 | 14 | RSI was already below 50 |
| 10 | Sell | 1.3388 | 1.3388 | 0 | RSI was already below 50 |
| 11 | Buy | 1.3395 | 1.3395 | 0 | RSI was already above 50 |
| TOTAL | 19 |
GBP/USD
With Cable’s chart on a downtrend for most of the week, you would think that the system would clock in more profits. Unfortunately, the RSI filter took out signals 7 and 8, which would have caught most of the downtrend. Signal #5 was valid though, and was still enough to boost the results to a 12-pip gain by the end of the week. Not bad!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.6981 | 1.6981 | 0 | There was no crossover |
| 2 | Sell | 1.6976 | 1.6976 | 0 | RSI was already below 50 |
| 3 | Buy | 1.6980 | 1.6977 | -3 | New crossover |
| 4 | Sell | 1.6977 | 1.6981 | -4 | New crossover |
| 5 | Sell | 1.6981 | 1.6953 | 28 | New crossover |
| 6 | Buy | 1.6953 | 1.6953 | 0 | There was no crossover |
| 7 | Sell | 1.6945 | 1.6945 | 0 | RSI was already below 50 |
| 8 | Sell | 1.6899 | 1.6899 | 0 | RSI was already below 50 |
| 9 | Buy | 1.6891 | 1.6882 | -9 | New crossover |
| 10 | Sell | 1.6882 | 1.6882 | 0 | RSI was already below 50 |
| TOTAL | 12 |
Can’t wait to see another trending 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.