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EUR/USD
The HLHB Trend-Catcher saw a choppy trading early in the week as EUR/USD ranged tightly. Good thing that the 8th signal was valid though, because it offset not only the losses from early in the week but also GBP/USD’s losses!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.3576 | 1.3568 | -8 | New crossover |
| 2 | Sell | 1.3568 | 1.35568 | 0 | RSI was already below 50 |
| 3 | Buy | 1.3578 | 1.3578 | 0 | RSI was already above 50 |
| 4 | Sell | 1.3569 | 1.3576 | -7 | New crossover |
| 5 | Buy | 1.3576 | 1.3566 | -10 | New crossover |
| 6 | Sell | 1.3566 | 1.3566 | 0 | RSI was already below 50 |
| 7 | Buy | 1.3591 | 1.3570 | -21 | New crossover |
| 8 | Sell | 1.3570 | 1.3486 | 84 | New crossover |
| 9 | Buy | 1.3528 | 1.3539 | 11 | New crossover |
| 10 | Sell | 1.3539 | 1.3550 | -11 | End-of-week trade |
| TOTAL | 38 |
GBP/USD
The system wasn’t as lucky with GBP/USD as with EUR/USD. It also saw choppy trading early in the week. Unlike in EUR/USD though, the money-maker signal (the 5th in this case), turned out to be invalid. Better luck next week!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.6080 | 1.6070 | 10 | Trailing stop hit |
| 2 | Buy | 1.6108 | 1.6108 | 0 | RSI was already above 50 |
| 3 | Sell | 1.6080 | 1.6080 | 0 | RSI was already below 50 |
| 4 | Buy | 1.6096 | 1.6066 | -30 | New crossover |
| 5 | Sell | 1.6066 | 1.6066 | 0 | RSI was already below 50 |
| 6 | Sell | 1.5971 | 1.5957 | -14 | End-of-week trade |
| TOTAL | -34 |
That’s it for the system update today! Got any questions?
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.