Another mixed week for the HLHB System, as it gained pips on EUR/USD but got hit by fakeouts on GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD was on a tight range for most of the week, until a strong move on Thursday broke the pair’s intraweek support. The move wasn’t sustained though, as it still closed back to the 1.2450 levels. Luckily for the system, it still managed to catch a few good signals that pushed the weekly gains at 95 pips. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.2483 | 1.2483 | 0 | RSI was already below 50 |
| 2 | Buy | 1.2499 | 1.2533 | 34 | New crossover |
| 3 | Sell | 1.2533 | 1.2533 | 0 | RSI was already below 50 |
| 4 | Buy | 1.2491 | 1.2491 | 0 | There was no crossover |
| 5 | Sell | 1.2420 | 1.2381 | 39 | New crossover |
| 6 | Sell | 1.2381 | 1.2381 | 0 | RSI was already below 50 |
| 7 | Buy | 1.2433 | 1.2455 | 22 | End-of-week trade |
| TOTAL | 95 |
GBP/USD
The HLHB System also printed more than a couple of signals on GBP/USD despite a ranging environment. But unlike in EUR/USD, there were TONS of fakeouts in GBP/USD’s chart, which resulted to a 31-pip loss for the system. Not surprising for a trend-catcher system though!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.5978 | 1.5978 | 0 | RSI was already below 50 |
| 2 | Buy | 1.5985 | 1.5985 | 0 | RSI was already above 50 |
| 3 | Sell | 1.5993 | 1.5993 | 0 | RSI was already below 50 |
| 4 | Buy | 1.6003 | 1.6003 | 0 | RSI was already above 50 |
| 5 | Sell | 1.5997 | 1.5997 | 0 | There was no crossover |
| 6 | Buy | 1.6003 | 1.6003 | 0 | There was no crossover |
| 7 | Sell | 1.5961 | 1.5961 | 0 | RSI was already below 50 |
| 8 | Buy | 1.5977 | 1.5977 | 0 | RSI was already above 50 |
| 9 | Sell | 1.5957 | 1.5957 | 0 | RSI was already below 50 |
| 10 | Buy | 1.5979 | 1.5948 | -31 | New crossover |
| 11 | Sell | 1.5948 | 1.5948 | 0 | RSI was already below 50 |
| TOTAL | -31 |
Fingers crossed for a better week next week!
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.