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Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart
EUR/USD HLHB System Forex Chart

Another good week for EUR/USD as the RSI filtered a lot of fakeouts. Signal #3 was particularly helpful as it offset the losses from signal #5.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3727 1.3727 0 RSI was already below 50
2 Buy 1.3736 1.3736 0 RSI was already above 50
3 Sell 1.3741 1.3682 59 New crossover
4 Buy 1.3682 1.3682 0 RSI was already above 50
5 Sell 1.3699 1.3715 -16 New crossover
6 Buy 1.3715 1.3715 0 RSI was already above 50
TOTAL 43

GBP/USD

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

The RSI filter wasn’t as helpful to GBP/USD as in EUR/USD. Although it filtered a lot of bad signals, it also invalidated a couple of good ones. For example, signals #5 and #13 would have significantly minimized the pair’s losses had they been valid.

# Signal Open Close Pips Notes
1 Buy 1.6647 1.6629 -18 New crossover
2 Sell 1.6629 1.6629 0 RSI was already below 50
3 Buy 1.6649 1.6621 -28 New crossover
4 Sell 1.6621 1.6621 0 RSI was already below 50
5 Buy 1.6650 1.6650 0 RSI was already above 50
6 Sell 1.6667 1.6667 0 RSI was already below 50
7 Buy 1.6685 1.6685 0 RSI was already below 50
8 Sell 1.6672 1.6694 -22 New crossover
9 Buy 1.6694 1.6678 -16 New crossover
10 Sell 1.6678 1.6678 0 RSI was already below 50
11 Buy 1.6672 1.6672 0 RSI was already above 50
12 Sell 1.6644 1.6673 -29 New crossover
13 Buy 1.6673 1.6758 0 End-of-week trade
TOTAL -113

I hope this system sees a better week next week!

XOXO,

Huck

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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.