Last week’s forex trading yielded mixed results for the HLHB System, as it lost pips on EUR/USD but gained pips on GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD failed to get momentum after it rose to the 1.1300 area at the beginning of the week. The ranging environment yielded a lot of fakeouts for the HLHB System, which eventually added up to a 72-pip loss for the week. Boo!
|2||Sell||1.1237||1.1237||0||RSI was already below 50|
|3||Buy||1.1337||1.1337||0||RSI was already above 50|
|5||Buy||1.1371||1.1371||0||RSI was already above 50|
|6||Sell||1.1336||1.1336||0||RSI was already below 50|
GBP/USD’s price action was more trend-y than EUR/USD’s. The pair rose to the 1.5200 area where it found intraweek resistance. Its move back to the 1.5000 support was also a good opportunity for intraday trends. In fact, signal #8 could have yielded pips for the system, if only it wasn’t invalidated by the RSI filter. Still, the system gained a cute 13 pips from GBP/USD by the end of the week.
|1||Sell||1.4994||1.4994||0||RSI was already below 50|
|2||Buy||1.5022||1.5022||0||RSI was already above 50|
|4||Buy||1.5120||1.5173||53||Adjusted stop loss hit|
|5||Buy||1.5184||1.5184||0||RSI was already above 50|
|6||Sell||1.5160||1.5160||0||There was no crossover|
|7||Buy||1.5186||1.5186||0||There was no crossover|
|8||Sell||1.5164||1.5164||0||RSI was already below 50|
|9||Buy||1.5048||1.5040||9||Adjusted stop loss hit|
Looking forward to seeing more trends! If only there was a catalyst for big moves…
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.