Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Talk about fakeouts! EUR/USD popped up A LOT of fakeouts throughout the week when it consolidated around the 1.3500 area. We only saw a breakout when Draghi was optimistic in his ECB press conference and even then the HLHB system signal was too late. It’s all part of the backtesting, I guess. *sigh*
TOTAL
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3498 | 1.3488 | -10 | New crossover |
| 2 | Sell | 1.3488 | 1.3488 | 0 | RSI was already below 50 |
| 3 | Buy | 1.3517 | 1.3508 | -9 | New crossover |
| 4 | Sell | 1.3508 | 1.3508 | 0 | RSI was already below 50 |
| 5 | Buy | 1.3530 | 1.3510 | -20 | New crossover |
| 6 | Sell | 1.3510 | 1.3520 | -10 | New crossover |
| 7 | Buy | 1.3520 | 1.3520 | 0 | RSI was already above 50 |
| 8 | Sell | 1.3511 | 1.3516 | -5 | New crossover |
| 9 | Buy | 1.3516 | 1.3516 | 0 | RSI was already above 50 |
| 10 | Sell | 1.3511 | 1.3517 | -6 | New crossover |
| 11 | Buy | 1.3517 | 1.3522 | 5 | New crossover |
| 12 | Sell | 1.3522 | 1.3529 | -7 | New crossover |
| 13 | Buy | 1.3529 | 1.3529 | 0 | RSI was already above 50 |
| 14 | Sell | 1.3518 | 1.3568 | -50 | Stop loss hit |
| 15 | Buy | 1.3594 | 1.3570 | -24 | Trailing stop hit |
| 16 | Sell | 1.3564 | 1.3588 | -24 | New crossover |
| 17 | Buy | 1.3588 | 1.3588 | 0 | RSI was already above 50 |
| TOTAL | -160 |
GBP/USD
GBP/USD also ranged tightly for most of the week but like the other profitable weeks, the system popped up a signal that erased all of the earlier losses. Thanks to signal #9, we got a 30-pip gain on Cable. Not bad!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.6331 | 1.6295 | -36 | New crossover |
| 2 | Sell | 1.6295 | 1.6295 | 0 | RSI was already below 50 |
| 3 | Buy | 1.6321 | 1.6317 | -4 | New crossover |
| 4 | Sell | 1.6317 | 1.6317 | 0 | RSI was already below 50 |
| 5 | Buy | 1.6319 | 1.6319 | 0 | RSI was already above 50 |
| 6 | Sell | 1.6301 | 1.6301 | 0 | RSI was already below 50 |
| 7 | Buy | 1.6314 | 1.6314 | 0 | RSI was already above 50 |
| 8 | Sell | 1.6292 | 1.6316 | -24 | New crossover |
| 9 | Buy | 1.6316 | 1.6410 | 94 | End-of-week trade |
| TOTAL | 30 |
Fingers crossed for even more gains 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.