Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The NFP week brought a lot of fakeouts on EUR/USD’s chart. Luckily, the system was able to filter out most of them. It even produced signal #8, which yielded a cool 146 thanks to a strong NFP report. By the end of the week, the system bagged 156 pips from EUR/USD’s price action. Woot! Woot!
|2||Sell||1.2685||1.2685||0||RSI was already below 50|
|3||Buy||1.2693||1.2693||0||RSI was already above 50|
|4||Sell||1.2684||1.2684||0||RSI was already below 50|
|6||Sell||1.2630||1.2630||0||There was no crossover|
|7||Buy||1.2662||1.2662||0||RSI was already above 50|
Just like in the previous week, the HLHB System wasn’t as lucky with GBP/USD. While there were almost as many fakeouts as there were in EUR/USD, the system also invalidated signal #10 (the pre-NFP sell signal). With no trade to offset the losses, the system ended the week 56 pips down with GBP/USD. Yikes.
|2||Sell||1.6243||1.6243||0||RSI was already below 50|
|3||Buy||1.6259||1.6259||0||RSI was already above 50|
|4||Sell||1.6200||1.6200||0||RSI was already below 50|
|6||Sell||1.6187||1.6187||0||There was no crossover|
|8||Sell||1.6180||1.6180||0||RSI was already below 50|
|9||Buy||1.6159||1.6159||0||There was no crossover|
|10||Sell||1.6137||1.6137||0||There was no crossover|
Will this trading week yield good trends for EUR/USD and GBP/USD? I hope so!
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.