Another good trend-catching week for the HLHB System, as it caught strong moves from EUR/USD and GBP/USD. Woohoo!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was trading on a tight range at the start of the week but soon fell hard after Uncle Sam printed dismal reports and inspired risk aversion across the board. Luckily, the HLHB System threw out a sell signal right before the intraweek downtrend and yielded enough pips to cancel out the fakeouts. By the end of the week the system was up by 69 pips from the pair. Woot! Woot!
Here’s another trend-catching in action! GBP/USD might not have the monster moves that EUR/USD saw last week, but there were less fakeouts from the pair to offset signal #3’s gains. The trade yielded 104 pips, which translated to a net gain of 102 pips by the end of the week. Not bad!
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 a 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!