Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Unlike the previous week, the system threw a lot of signals for EUR/USD. Unfortunately, those signals were from consolidation and tight ranges. By the end of the week the small losses added up to a total of -83 pips. Boo!
TOTAL36
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3611 | 1.3641 | 30 | New crossover |
| 2 | Buy | 1.3641 | 1.3606 | -35 | New crossover |
| 3 | Sell | 1.3606 | 1.3606 | 0 | RSI was already below 50 |
| 4 | Buy | 1.3628 | 1.3628 | 0 | RSI was already above 50 |
| 5 | Sell | 1.3608 | 1.3608 | 0 | RSI was already below 50 |
| 6 | Buy | 1.3588 | 1.3567 | -21 | New crossover |
| 7 | Sell | 1.3567 | 1.3605 | -38 | New crossover |
| 8 | Buy | 1.3605 | 1.3605 | 0 | RSI was already above 50 |
| 9 | Sell | 1.3598 | 1.3639 | -41 | New crossover |
| 10 | Buy | 1.3639 | 1.3661 | 22 | End-of-week trade |
| TOTAL | -83 |
GBP/USD
The system’s losses were marginally higher with GBP/USD than with EUR/USD. We only saw 8 signals throughout the week but there were more losers than winners. They all added up to a 91-pip loss by the end of Friday!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6398 | 1.6420 | -22 | New crossover |
| 2 | Buy | 1.6420 | 1.6399 | -21 | New crossover |
| 3 | Sell | 1.6399 | 1.6399 | 0 | RSI was already below 50 |
| 4 | Buy | 1.6420 | 1.6402 | -18 | New crossover |
| 5 | Sell | 1.6402 | 1.6416 | -14 | New crossover |
| 6 | Buy | 1.6416 | 1.6463 | 47 | New crossover |
| 7 | Sell | 1.6463 | 1.6500 | -37 | New crossover |
| 8 | Buy | 1.6500 | 1.6474 | -26 | End-of-week trade |
| TOTAL | -91 |
Ranging environment is the HLHB Trend-Catcher System’s enemy! Crossing my fingers for a better week next 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.