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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

Fakeout galore! EUR/USD ranged for most of the week, so it’s not surprising that we saw a couple of fakeouts from the Trend-Catcher System. In fact, only signal #5 yielded a positive trade, which wasn’t enough to cover the losses from signals 2, 3, 6, 7, and 10.

# Signal Open Close Pips Notes
1 Sell 1.2955 1.2955 0 RSI was already below 50
2 Buy 1.2952 1.2939 -13 New crossover
3 Sell 1.2939 1.2950 -11 New crossover
4 Buy 1.2950 1.2950 0 There was no crossover
5 Sell 1.2934 1.2915 19 New crossover
6 Buy 1.2915 1.2904 -11 New crossover
7 Sell 1.2904 1.2923 -19 New crossover
8 Buy 1.2923 1.2923 0 There was no crossover
9 Sell 1.2913 1.2913 0 There was no crossover
10 Buy 1.2936 1.2918 -18 New crossover
11 Sell 1.2918 1.2918 0 RSI was already below 50
12 Buy 1.2929 1.2929 0 There was no crossover
TOTAL -53

GBP/USD

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

What’s worse than a couple of small losing trades? A few big losing trades, that’s what. Though the HLHB System did a pretty good job at filtering some fakeouts, those that did escape the filter ended up as pretty significant losers. After two 54-pip losses and a 47-pip hit, the system took a 155-pip backstep from GBP/USD. Yipes!

# Signal Open Close Pips Notes
1 Sell 1.6098 1.6098 0 RSI was already below 50
2 Sell 1.6088 1.6088 0 RSI was already below 50
3 Buy 1.6125 1.6071 -54 New crossover
4 Sell 1.6071 1.6125 -54 New crossover
5 Buy 1.6125 1.6125 0 RSI was already above 50
6 Sell 1.6220 1.6220 0 There was no crossover
7 Buy 1.6256 1.6256 0 There was no crossover
8 Sell 1.6234 1.6234 0 There was no crossover
9 Buy 1.6256 1.6256 0 There was no crossover
10 Sell 1.6224 1.6271 -47 New crossover
11 Buy 1.6271 1.6271 0 RSI was already above 50
TOTAL -155

Obviously, it wasn’t a good week for trend-catching. Hopefully next week’s data will be better. Fingers crossed! 🙂

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.