Forex price action was tight for both EUR/USD and GBP/USD but a couple of lucky signals put this trading system firmly in the green. Hooray!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The Greek debt drama was the biggest story for EUR/USD throughout the week. With Greek officials still not getting any deals from its creditors and the ECB tightening the noose on Greek banks, it was easy for both euro bulls and bears to stay away from trading the euro altogether.
Luckily, signal #3 caught the only wave of risk aversion early on. It contributed a whopping 158 pips to the pip purse, which resulted to a net of 69 pips for the pair by the end of the week. Woohoo!
Like in EUR/USD, Cable also caught a wave of risk aversion before ranging tightly for most of the week. Also like in EUR/USD, the HLHB System was able to catch a strong move when it happened. In fact, signal #1, the only valid signal, was able to pump 112 pips to the system’s overall gains. Thank goodness for strong moves!