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EUR/USD

EUR/USD 1-hour Chart

It wasn’t a good week for the HLHB Trend-Catcher as we saw a lot of fakeouts. EUR/USD, in particular, traded tightly for most of the week, which resulted in losses for the system.

# Signal Open Close Pips Notes
1
Buy
1.3266 1.3266
0
RSI was already above 50
2
Sell
1.3257 1.3274
-17
New crossover
3
Buy
1.3274 1.3256
-18
New crossover
4
Sell
1.3256 1.3263
-7
New crossover
5
Buy
1.3263 1.3300
37
New crossover
6
Sell
1.3300 1.3307
-7
Trailing stop hit
7
Buy
1.3315 1.3315
0
RSI was already above 50
8
Sell
1.3300 1.3281
19
New crossover
9
Sell
1.3281 1.3311
-30
New crossover
10
Buy
1.3311 1.3274
-37
New crossover
11
Sell
1.3274 1.3303
-29
New crossover
12
Buy
1.3303 1.3303
0
End-of-week trade
TOTAL
-89

GBP/USD

GBP/USD 1-hour Chart

We saw a similar story of fakeout galore on GBP/USD. Fortunately, the pair had one good signal at the end of the week, which limited the system’s losses to only 39 pips. Phew!

# Signal Open Close Pips Notes
1
Buy
1.5710 1.5710
0
RSI was already above 50
2
Sell
1.5693 1.5704
-11
New crossover
3
Buy
1.5704 1.5722
18
New crossover
4
Sell
1.5722 1.5787
-65
New crossover
5
Buy
1.5787 1.5787
0
RSI was already above 50
6
Sell
1.5806 1.5826
-20
New crossover
7
Buy
1.5826 1.5805
-21
New crossover
8
Sell
1.5805 1.5810
-5
New crossover
9
Buy
1.5810 1.5875
65
End-of-week trade
TOTAL
-39

Hmm, I guess I really should just use the HLHB Trend Catcher on trending price action. Here’s to hoping that the next week is a better one!

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.