Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The system only had 3 signals on EUR/USD throughout the week but, thankfully, they’re all I need to make pips.
Signal #2 got invalidated by the RSI filter, but signal #3 caught a monster move and hit the system’s maximum profit target of 200 pips. Woot! Woot!
|1||Buy||1.0984||1.0984||0||RSI was already above 50|
|2||Sell||1.0977||1.0977||0||RSI was already below 50|
|3||Sell||1.0791||1.0591||200||Profit target hit|
Like in EUR/USD, there were only a handful of signals on GBP/USD last week. Two of them, to be exact. Signal #2 was in a perfect place to catch a strong downward move but, this time, its gains were limited by the 50-pip moving stop loss. Imagine if it had caught the full move!
|1||Sell||1.4921||1.4921||0||RSI was already below 50|
|2||Sell||1.4882||1.4815||67||Adjusted stop loss hit|
Feeling optimistic about last week’s performance. Hoping for another trend-y week again this week! 🙂
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.