Fakeout galore! A ranging forex environment is definitely NOT for this trend-catcher mechanical system. Here’s what happened in mid-November!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
There were two valid signals throughout the week but, unfortunately for the HLHB System, both turned out to be fakeouts. Signals #4 and #7 would have caught pips enough to cover the losses if only they didn’t get invalidated. By the end of the week the system lost 43 pips from EUR/USD. Boo!
The HLHB System didn’t have any luck on Cable either, as the pair merely bobbed along and produced tons of fakeouts. Good thing signal #10 contributed a few pips and brought the net loss down to 96 pips by the end of the week. Phew!
I’m seeing more fakeouts ahead. Let’s see if we actually get a few pips in from the last week of November!