Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD ranged tightly early in the week and caused a lot of fakeouts for the HLHB system. Things turned around after signal #7 though, as it yielded 121 pips in just over a day. Awesome, right?
TOTAL36
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3547 | 1.3546 | -1 | New crossover |
| 2 | Sell | 1.3546 | 1.3546 | 0 | RSI was already below 50 |
| 3 | Buy | 1.3560 | 1.3555 | -5 | New crossover |
| 4 | Sell | 1.3555 | 1.3555 | 0 | RSI was already below 50 |
| 5 | Buy | 1.3570 | 1.3546 | -24 | New crossover |
| 6 | Sell | 1.3546 | 1.3550 | -4 | New crossover |
| 7 | Buy | 1.3550 | 1.3671 | 121 | New crossover |
| 8 | Sell | 1.3671 | 1.3671 | 0 | There was no RSI cross |
| 9 | Buy | 1.3719 | 1.3719 | 0 | RSI was already above 50 |
| 10 | Sell | 1.3680 | 1.3678 | 2 | End-of-week trade |
| TOTAL | 89 |
GBP/USD
The HLHB system experienced a double whammy from Cable this week as it not only ranged tightly for most of the week but it also inspired a lot of RSI crosses. As a result, we saw a LOT of signals that turned out to be fakeouts. My system gave up a ridiculous 102 pips by the end of the week! Ouch.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6400 | 1.6427 | -27 | New crossover |
| 2 | Buy | 1.6427 | 1.6427 | 0 | RSI was already above 50 |
| 3 | Sell | 1.6421 | 1.6434 | -13 | New crossover |
| 4 | Buy | 1.6434 | 1.6434 | 0 | RSI was already above 50 |
| 5 | Sell | 1.6426 | 1.6435 | -9 | New crossover |
| 6 | Buy | 1.6435 | 1.6435 | 0 | There was no RSI cross |
| 7 | Sell | 1.6421 | 1.6441 | -20 | New crossover |
| 8 | Buy | 1.6441 | 1.6416 | -25 | New crossover |
| 9 | Sell | 1.6416 | 1.6474 | -58 | New crossover |
| 10 | Buy | 1.6474 | 1.6474 | 0 | RSI was already above 50 |
| 11 | Sell | 1.6466 | 1.6549 | -83 | New crossover |
| 12 | Buy | 1.6549 | 1.6568 | 19 | New crossover |
| 13 | Buy | 1.6568 | 1.6568 | 0 | New crossover |
| 14 | Sell | 1.6621 | 1.6507 | 114 | End-of-week trade |
| TOTAL | -102 |
Looking forward to a better 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.