HLHB Trend-Catcher System Update (March 21 – 25, 2016)

You win some, you lose some. The HLHB System might have hit its profit target on GBP/USD but it also saw lots of forex fakeouts from EUR/USD. Here are the deets!

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

A lack of catalyst kept EUR/USD in a tight range for most of the week, which resulted to tons of fakeouts for the HLHB System. The system even invalidated signal #6, which popped up when areas in Brussels were bombed. By the end of the week the little losses piled up and resulted to a 98-pip loss for the HLHB. Boo!

EU

GBP/USD

GBP/USD: 1-hour Forex Chart

GBP/USD: 1-hour Forex Chart

GBP/USD also started the week on an ultra-tight range, but soon caught a downtrend after the bombings in Brussels was followed up with bearish oil reports. Unlike in EUR/USD though, the system caught the risk aversion train and even pushed signal #3 to its 200-pip profit target. By the end of the week Cable had contributed a net of 184 pips to the HLHB’s coffers. Phew!

GU

Let’s see if this week’s signals yield more pips for this trend-catcher system. Fingers crossed for a trend-friendly NFP week!

XOXO,

Huck

P.S.: 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!

See also:

2014 HLHB Trend-Catcher Performance

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