Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD threw out A LOT of fakeouts early in the week thanks to a tight ranging environment. Luckily for the system, it caught the start of a downtrend that lasted until the end of the week. The positive signal was enough to offset all the losses and the week ended with a 62-pip gain.
|1||Buy||1.3687||1.3687||0||RSI was already above 50|
|3||Buy||1.3689||1.3672||0||RSI was already below 50|
|4||Sell||1.3672||1.3672||0||RSI was already below 50|
|7||Sell||1.3655||1.3655||0||RSI was already below 50|
|10||Buy||1.3662||1.3662||0||RSI was already above 50|
|12||Buy||1.3663||1.3663||0||RSI was already above 50|
Just like in EUR/USD, Cable had a hard time finding direction early in the week. Also like in EUR/USD, the HLHB System was able to catch a start of a downtrend that yielded more than 100 pips. By the end of the week the system had 87 pips on Cable. Cool!
|1||Buy||1.6528||1.6576||48||Trailing stop hit|
|3||Buy||1.6599||1.6599||0||RSI was already above 50|
|6||Sell||1.6559||1.6559||0||RSI was already below 50|
Fingers crossed for even more gains next 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.