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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

EUR/USD was on a pretty tight range for most of the week and only came alive on Wednesday. This trend-catcher system did its job though! It was able to validate signal #6, which yielded a cool 99 pips and canceled out the two fakeout signals. Phew!

# Signal Open Close Pips Notes
1 Buy 1.2859 1.2839 -20 New crossover
2 Sell 1.2839 1.2839 0 RSI was already below 50
3 Buy 1.2850 1.2850 0 RSI was already above 50
4 Sell 1.2858 1.2858 0 RSI was already below 50
5 Buy 1.2860 1.2846 -14 New crossover
6 Sell 1.2846 1.2747 99 Trailing stop hit
7 Sell 1.2745 1.2745 0 RSI was already below 50
TOTAL 65

GBP/USD

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

The HLHB System wasn’t as lucky with GBP/USD. Thanks to an intraday moves that’s tighter than skinny jeans, a lot of valid signals turned out to be fakeouts. Good thing that signal #12 and #18 came to the rescue and still managed to cancel out most of the week’s losses.

# Signal Open Close Pips Notes
1 Buy 1.6353 1.6353 0 RSI was already above 50
2 Sell 1.6327 1.6327 0 RSI was already below 50
3 Buy 1.6348 1.6328 -20 New crossover
4 Sell 1.6328 1.6347 -19 New crossover
5 Buy 1.6347 1.6342 -5 Trailing stop hit
6 Sell 1.6322 1.6322 0 RSI was already below 50
7 Buy 1.6390 1.6369 -21 New crossover
8 Sell 1.6369 1.6369 0 There was no crossover
9 Buy 1.6405 1.6385 -20 New crossover
10 Sell 1.6385 1.6404 -19 New crossover
11 Buy 1.6404 1.6404 0 RSI was already above 50
12 Sell 1.6387 1.6338 49 New crossover
13 Buy 1.6338 1.6338 0 RSI was already above 50
14 Sell 1.6303 1.6303 0 RSI was already below 50
15 Buy 1.6319 1.6319 0 There was no crossover
16 Sell 1.6307 1.6307 0 There was no crossover
17 Buy 1.6328 1.6306 -22 New crossover
18 Sell 1.6306 1.63244 62 End-of-week trade
TOTAL -15

Crossing my fingers for another trending environment 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.