A mixed week for the HLHB System, as it caught huge pips on EUR/USD but caught fakeouts on GBP/USD. Check it!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
What a close call! EUR/USD saw a couple of fakeouts throughout the week, but was saved by a few good signals that canceled out the HLHB System’s losses. By the end of the week the balance had tipped in favor of gains to the tune of 60 pips. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.2666 | 1.2680 | -14 | New crossover |
| 2 | Buy | 1.2680 | 1.2680 | 0 | RSI was already above 50 |
| 3 | Sell | 1.2706 | 1.2653 | 53 | New crossover |
| 4 | Buy | 1.2653 | 1.2653 | 0 | RSI was already above 50 |
| 5 | Sell | 1.2643 | 1.2643 | 0 | RSI was already below 50 |
| 6 | Buy | 1.2672 | 1.2811 | 139 | New crossover |
| 7 | Buy | 1.2811 | 1.2811 | 0 | RSI was already above 50 |
| 8 | Buy | 1.2807 | 1.2807 | 0 | RSI was already above 50 |
| 9 | Sell | 1.2790 | 1.2833 | -43 | New crossover |
| 10 | Buy | 1.2833 | 1.2758 | -75 | New crossover |
| 11 | Sell | 1.2758 | 1.2758 | 0 | RSI was already below 50 |
| TOTAL | 60 |
GBP/USD
Unlike in EUR/USD, the HLHB System wasn’t as lucky with GBP/USD. In fact, all the signals that weren’t invalidated turned out to be losers! Boo. By the end of the week the system is down by a ridiculous 110 pips on GBP/USD.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6082 | 1.6082 | 0 | RSI was already below 50 |
| 2 | Sell | 1.5896 | 1.5896 | 0 | RSI was already below 50 |
| 3 | Sell | 1.5930 | 1.5930 | 0 | RSI was already below 50 |
| 4 | Buy | 1.5977 | 1.5960 | -17 | New crossover |
| 5 | Sell | 1.5960 | 1.5989 | -29 | New crossover |
| 6 | Buy | 1.5989 | 1.5989 | 0 | RSI was already above 50 |
| 7 | Sell | 1.6043 | 1.6107 | -64 | New crossover |
| 8 | Buy | 1.6107 | 1.6107 | 0 | RSI was already above 50 |
| TOTAL | -110 |
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.