Now that’s forex trend-catching! Though there were tons of fakeouts from both EUR/USD and GBP/USD, the HLHB System managed to catch 106 pips from both pairs throughout the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
A pretty tight trading week for EUR/USD, as forex traders paid more attention to risk sentiment-related currencies like the comdolls, yen, or franc. Unfortunately, it also yielded tons of fakeouts for the HLHB. In fact, only signals #1, #6, and #10 were able to make some pips and enabled the system to end the week with only a 65-pip loss. Phew!
GBP/USD also saw tons of fakeouts, but not before showing some strong moves early in the week. The real winner was the last signal though, where a breakdown in risk appetite brought Cable to its new lows by Friday. The HLHB ended up gaining a net of 58 pips thanks to signal #10’s 144-pip move.
Not a bad week for a mechanical system, I think. How about you? Did you have any trades on EUR/USD or GBP/USD last week? How well did those trades fare?
See ya and XOXO,
Note: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!