Now that’s trend catching! Though the HLHB System lost a few pips on EUR/USD, it had some pretty fantastic forex signals on GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
It was NFP week, so volatility was understandably subdued for most of the major pairs. In EUR/USD’s case, the pair only got some action after Janet Yellen conducted a surprisingly dovish speech. In fact, the HLHB threw us a signal at the start of the intraweek uptrend, but was invalidated by the RSI filter. With not a lot of other strong trends throughout the week, losses from the mini fakeouts won out and yielded a net loss of 33 pips by the end of the week.
Now this is how to catch trends! Though GBP/USD had less signals than EUR/USD, the ones that were valid churned out pretty big wins for the HLHB’s coffers. Signal #4 popped up around Yellen’s speech and yielded a nice 158-pip win while signal #7 wasn’t half bad with its 142-pip contribution. By the end of the week the wins added up to a net of 279 pips. Woohoo!
Overall I’m pretty happy with the HLHB System’s performance. So far it’s working pretty well as a trend-catcher despite the fakeouts that we see in times of tight volatility. Fingers crossed for another trend-y week for both EUR/USD and GBP/USD!
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!