Another mixed forex trading week for the HLHB System, as it gained pips on EUR/USD but lost a couple on GBP/USD. Here are the details on their signals!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD started the week with a tight trading range, as forex traders paid more attention to the volatility in the yen and comdoll pairs. A couple of mid-tier releases from the euro zone around the middle of the week inspired volatility, however, and yielded a couple of good trade for the HLHB System. By the end of the week the small gains added up to a net gain of 102 pips. Not a bad week!
Unlike in EUR/USD, the HLHB System had no opportunity to make its moves on GBP/USD. Heck, the pair was in a tight trading range for most of the week! In fact, not even the BOE’s Super Thursday was enough to inspire intraweek trends on the pair. By the end of the week the system was down by a net of 48 pips from Cable. Boo!
Not a bad week, I think, considering that the HLHB System could’ve seen a lot more fakeouts. Hopefully we can see better numbers from the previous week’s performance.
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!