It was a hit-and-miss forex week for the HLHB trend-Catcher System thanks to the RSI filter invalidating a decent move on EUR/USD. Here are the details!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD only popped up 2 signals throughout the whole week. This would’ve been fine if the RSI filter didn’t invalidate signal #1. It was a decent signal that would’ve earned the system tons of pips! Oh well, at least it didn’t lose any pips either by the end of the week.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.0847 | 1.0847 | 0 | RSI was already above 50 |
| 2 | Sell | 1.0635 | 1.0635 | 0 | RSI was already below 50 |
| TOTAL | 0 |
GBP/USD
GBP/USD printed a couple more signals than in EUR/USD. Even more fortunately, it also validated signal #6, which was half of the pair’s biggest weekly move. Too bad signal #8 wasn’t valid though! By the end of the week the system gained a net of 98 pips from GBP/USD. Not bad!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.5104 | 1.5102 | -2 | New crossover |
| 2 | Sell | 1.5102 | 1.5102 | 0 | RSI was already below 50 |
| 3 | Buy | 1.5086 | 1.5086 | 0 | There was no crossover |
| 4 | Sell | 1.5065 | 1.5065 | 0 | RSI was already below 50 |
| 5 | Buy | 1.5084 | 1.5084 | 0 | There was no crossover |
| 6 | Sell | 1.5064 | 1.4944 | 120 | Trailing stop loss hit |
| 7 | Buy | 1.4963 | 1.4943 | -20 | New crossover |
| 8 | Sell | 1.4943 | 1.4943 | 0 | RSI was already below 50 |
| TOTAL | 98 |
Crossing my fingers for more valid, start-of-trend signals from the HLHB this week! 🙂
XOXO,
Huck
See also:
2014 HLHB Trend-Catcher Performance
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