A pretty good forex trading week for the HLHB Trend-Catcher System, as it gained pips from both EUR/USD and GBP/USD. Woohoo!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was in a choppy mood all week so I would not have been surprised if the system had lost pips on EUR/USD. Luckily, signal #7 caught the pair’s FOMC statement spike. In fact, the signal hit its profit target and yielded 200 pips. Woot! The gains were enough to offset EUR/USD’s fakeouts, enough to end the week with a net of 193 pips. Yay!
|1||Sell||1.0560||1.0560||0||There was no crossover|
|2||Buy||1.0583||1.0583||0||There was no crossover|
|3||Buy||1.0606||1.0606||0||There was no crossover|
|6||Sell||1.0593||1.0593||0||RSI was already below 50|
|7||Buy||1.0612||1.0812||200||Profit target hit|
|8||Sell||1.0710||1.0664||46||Adjusted stop loss hit|
Much like in EUR/USD, GBP/USD also popped up a lot of fakeouts. Also like in GBP/USD, the system was able to catch the spike from the Fed’s statement. It even caught a cool move near the end of the week, which is probably why the system caught a net total of 446 from Cable. Virtual high five to the pip gods!
|1||Sell||1.4752||1.4752||0||RSI was already below 50|
|3||Sell||1.4756||1.4756||0||RSI was already below 50|
|4||Buy||1.4726||1.4926||200||Profit target hit|
|6||Buy||1.4895||1.4895||0||RSI was already above 50|
|8||Sell||1.4761||1.4761||0||RSI was already below 50|
Hoping for a week as good as this one for next week! 🙂