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EUR/USD

EUR/USD 1-hour Chart

Awwwwwwww yeah! I must say I’m pretty happy with the performance of the HLHB Trend-Catcher on EUR/USD. Although there were a couple of losses, the system was able to jump in on the overall downtrend and bag a whopping 200 pips!

Below is a summary of all the crossovers that took place:

1. Long at 1.3338. Closed at 1.3345 due to a new crossover. -7 pips.
2. Short at 1.3345. Closed at 1.3353 due to a new crossover. -8 pips.
3. Invalid long signal since RSI was already above 50.0 prior the crossover.
4. Short at 1.3337. Closed at 1.3365 due to a new crossover. -28 pips.
5. Long at 1.3365. Closed at 1.3384 when 50-pip trailing stop was hit. +19 pips.
6. Short at 1.3378. Profit target hit at 1.3178. +200 pips.
7. Invalid crossover. RSI did not go above the 50.0 level.
8. Short at 1.3170. Trailing stop hit at 1.3195. -25 pips.

Total Gain/Loss in pips: +151 pips

GBP/USD

GBP/USD 1-hour Chart

The Trend-Catcher also did well on GBP/USD. It caught the drop towards the end of the week, enough to offset all the losses it incurred.

1. Short at 1.5506. Trailing stop hit at 1.5487. +19 pips.
2. Long at 1.5476. Trailing stop hit at 1.5456. -20 pips.
3. Short at 1.5458. Closed at 1.5445 due to a new crossover. +13 pips.
4. Invalid long signal. RSI did not go above the 50.0 level.
5. Invalid short signal since RSI was already below 50.0 prior the crossover.
6. Invalid long signal. RSI did not go above the 50.0 level.
7. Invalid short signal since RSI was already below 50.0 prior the crossover.
8. Long at 1.5253. Trailing stop hit at 1.5272. +19 pips.
9. Short at 1.5259. Closed at 1.5300 due to a new crossover. -41 pips.
10. Long at 1.5300. Closed at 1.5255 due to a new crossover. -45 pips.
11. Short at 1.5255. Closed at 1.5132 due to a new crossover. +123 pips.

Total Gain/Loss in pips: +68 pips

For the most part, my system did well last week because both pairs trended last week. Whew! I hope we see big trends materialize on EUR/USD and GBP/USD in the coming days too. If they do, I bet my system will be able to rake in more pips!

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.