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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

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!

# Signal Open Close Pips Notes
1 Buy 1.2687 1.2685 -2 New crossover
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
5 Buy 1.2618 1.2630 12 New crossover
6 Sell 1.2630 1.2630 0 There was no crossover
7 Buy 1.2662 1.2662 0 RSI was already above 50
8 Sell 1.2657 1.2511 146 End-of-week trade
TOTAL 156

GBP/USD

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

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.

# Signal Open Close Pips Notes
1 Buy 1.6249 1.6243 -6 New crossover
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
5 Buy 1.6219 1.6187 -32 New crossover
6 Sell 1.6187 1.6187 0 There was no crossover
7 Buy 1.6198 1.6180 -18 New 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
TOTAL -56

Will this trading week yield good trends for EUR/USD and GBP/USD? I hope so!

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.