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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 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart

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 HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

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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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.