Now that’s some forex trend-catching! Though the HLHB System lost pips on EUR/USD, it managed to catch all the good moves from GBP/USD. Here are the deets!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The HLHB System caught a lot of fakeouts throughout the NFP week, which isn’t surprising since EUR/USD traded on an ultra-tight range until the release of the monster report. There were a total of four valid signals with only the buy signal at the NFP shocker candle turning out to be the winner. Still not bad though, as this only reflects how the system can be effective in high volatility times. By the end of the week the HLHB was down by a net of 37 pips.
Now here’s some pretty good trend-catching! Cable had a livelier start of the week than EUR/USD, which is why there were 6 signals against EUR/USD’s 4. More importantly though, GBP/USD’s signals yielded a lot more winners and only minimal losses for the fakeouts. Signal #4, in particular, brought a nice 134 pips to the table and boosted the net wins by the same amount. How cool is that?!
Overall still a pretty good week for the HLHB System. Will the first full trading week of June bring better numbers for this trend-catcher? I can’t wait to see the numbers!
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!