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
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.
