HLHB Trend-Catcher System Update (August 3 – 7, 2015)

A mixed forex trading week for the HLHB System, as it lost pips from EUR/USD and gained a couple from GBP/USD. Read the deets inside!

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD 1-Hour Forex Chart

EUR/USD 1-Hour Forex Chart

As you can see from the chart above, EUR/USD threw out tons of fakeouts throughout the week. There also wasn’t enough directional trade for the pair, probably because there weren’t enough tier 1 reports from both the euro zone and the U.S. The fakeouts piled up and contributed to the system’s 89-pip loss by the end of the week.

EU Forex Chart: August 3-7, 2015

GBP/USD

GBP/USD 1-Hour Forex Chart

GBP/USD 1-Hour Forex Chart

Now this is how the system is supposed to work! Two signals caught strong intraweek moves and contributed a total of +218 pips while the rest of the signals were (luckily) invalidated by the RSI filter. If only all of the system’s signals worked this way!

GU Forex Chart: August 3-7, 2015

How about you? Did you catch any of the moves from this week?

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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