Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Another win from EUR/USD! As usual, the HLHB system dealt with more than a few fakeouts early in the week. Luckily, the system showed a sell signal just before an ECB official hinted at possible negative rates from the ECB. Price fell well below 1.3450 and gave the system 85 pips before Draghi dispelled the rumors and boosted the euro. Phew!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.3500 | 1.3519 | -19 | New crossover |
| 2 | Buy | 1.3519 | 1.3519 | 0 | RSI was already above 50 |
| 3 | Buy | 1.3518 | 1.3518 | 0 | RSI was already above 50 |
| 4 | Sell | 1.3495 | 1.3524 | -29 | New crossover |
| 5 | Buy | 1.3524 | 1.3534 | 10 | New crossover |
| 6 | Sell | 1.3534 | 1.3449 | 85 | Trailing stop hit |
| TOTAL | 47 |
GBP/USD
Cable was in a wide range for most of the week, but that didn’t stop the HLHB system from sneaking in a total of 38 pips. Like in EUR/USD, it was the last signal for the week that brought home the bacon. Hmm, how can I filter these fakeouts?
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6110 | 1.6116 | -6 | New crossover |
| 2 | Buy | 1.6116 | 1.6102 | -14 | New crossover |
| 3 | Sell | 1.6102 | 1.6103 | -1 | New crossover |
| 4 | Buy | 1.6103 | 1.6108 | 5 | New crossover |
| 5 | Sell | 1.6108 | 1.6131 | -23 | New crossover |
| 6 | Buy | 1.6131 | 1.6129 | -2 | Trailing stop hit |
| 7 | Sell | 1.6129 | 1.6129 | 0 | RSI was already below 50 |
| 8 | Buy | 1.6129 | 1.6208 | 79 | End-of-week trade |
| TOTAL | 38 |
Let me know if you have any questions!
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.