Another mixed week for the HLHB System! There were tons of fakeouts from both EUR/USD and GBP/USD, but only one of them yielded positive results for the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD slowly trended higher last week, but it also popped up a lot of fakeouts while it was at it.
The RSI filter wasn’t enough to hold back the last couple of fakeouts and by the end of the week, the system was down 37 pips on EUR/USD. Ugh.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.2382 | 1.2382 | 0 | RSI was already below 50 |
| 2 | Buy | 1.2405 | 1.2423 | 18 | New crossover |
| 3 | Sell | 1.2423 | 1.2423 | 0 | RSI was already below 50 |
| 4 | Buy | 1.2436 | 1.2436 | 0 | There was no crossover |
| 5 | Sell | 1.2413 | 1.2413 | 0 | RSI was already below 50 |
| 6 | Buy | 1.2457 | 1.2458 | 1 | New crossover |
| 7 | Sell | 1.2458 | 1.2485 | -27 | New crossover |
| 8 | Buy | 1.2485 | 1.2486 | 1 | New crossover |
| 9 | Sell | 1.2486 | 1.2474 | 12 | New crossover |
| 10 | Buy | 1.2474 | 1.2438 | -36 | New crossover |
| 11 | Sell | 1.2438 | 1.2444 | -6 | End-of-week trade |
| TOTAL | -37 |
GBP/USD
Saved by the last signal! Although GBP/USD also saw a couple of fakeouts, it also caught the start of an intraweek trend reversal near the end of the week. Signal #10 yielded 127 pips, which was enough to pull the system’s gains back up to a net of +90 pips. Phew!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.5664 | 1.5663 | 0 | There was no crossover |
| 2 | Sell | 1.5641 | 1.5641 | 0 | RSI was already below 50 |
| 3 | Buy | 1.5688 | 1.5680 | -8 | New crossover |
| 4 | Sell | 1.5680 | 1.5680 | -23 | New crossover |
| 5 | Buy | 1.5703 | 1.5697 | -6 | New crossover |
| 6 | Sell | 1.5697 | 1.5697 | 0 | RSI was already below 50 |
| 7 | Buy | 1.5711 | 1.5711 | 0 | RSI was already above 50 |
| 8 | Sell | 1.5704 | 1.5704 | 0 | There was no crossover |
| 9 | Buy | 1.5729 | 1.5729 | 0 | RSI was already above 50 |
| 10 | Sell | 1.5756 | 1.5629 | 127 | End-of-week trade |
| TOTAL | 90 |
Will the NFP week produce trend-friendly signals for the HLHB System? I sure hope so. Fingers crossed!
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.
