Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
You know the HLHB Trend-Catcher System is in trouble when you see a lot of signals in a ranging chart. Luckily for EUR/USD, the system was able to filter out a couple of fakeouts and even managed to catch Thursday’s big move downward. By the end of the week, EUR/USD had logged in a 7-pip profit. Phew!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3204 | 1.3204 | 0 | RSI was already above 50 |
| 2 | Sell | 1.3193 | 1.3193 | 0 | RSI was already below 50 |
| 3 | Buy | 1.3205 | 1.3193 | -12 | New crossover |
| 4 | Sell | 1.3205 | 1.3193 | -8 | New crossover |
| 5 | Buy | 1.3201 | 1.3201 | 0 | There was no crossover |
| 6 | Sell | 1.3189 | 1.3182 | 7 | New crossover |
| 7 | Buy | 1.3182 | 1.3188 | 6 | New crossover |
| 8 | Sell | 1.3188 | 1.3188 | 0 | New crossover |
| 9 | Buy | 1.3188 | 1.3171 | -17 | New crossover |
| 10 | Sell | 1.3171 | 1.3140 | 31 | End-of-week trade |
| TOTAL | 7 |
GBP/USD
Like in EUR/USD, GBP/USD was also peppered with fakeouts throughout the week. Unlike in the former though, there were some pretty significant fakeouts that managed to evade the RSI filter. The system closed with a 53-pip loss from GBP/USD by the end of the week. Boo!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6570 | 1.6589 | -19 | New crossover |
| 2 | Buy | 1.6589 | 1.6576 | -13 | New crossover |
| 3 | Sell | 1.6589 | 1.6576 | 0 | RSI was already below 50 |
| 4 | Buy | 1.6587 | 1.6587 | 0 | RSI was already above 50 |
| 5 | Sell | 1.6578 | 1.6572 | 6 | New crossover |
| 6 | Buy | 1.6572 | 1.6572 | 2 | New crossover |
| 7 | Sell | 1.6574 | 1.6574 | 0 | There was no crossover |
| 8 | Buy | 1.6588 | 1.6588 | 0 | RSI was already above 50 |
| 9 | Sell | 1.6581 | 1.6581 | 0 | RSI was already below 50 |
| 10 | Buy | 1.6589 | 1.6589 | 0 | RSI was already above 50 |
| 11 | Sell | 1.6583 | 1.6583 | 0 | There was no crossover |
| 12 | Buy | 1.6589 | 1.6584 | -5 | New crossover |
| 13 | Sell | 1.6584 | 1.6584 | 0 | RSI was already below 50 |
| 14 | Buy | 1.6608 | 1.6584 | -24 | New crossover |
| 15 | Sell | 1.6584 | 1.6584 | 0 | RSI was already below 50 |
| TOTAL | -53 |
Let me know if you have any questions!
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.