Another good week of trend-catching! The HLHB System managed to catch more than a few pips despite the ranging nature of both EUR/USD and GBP/USD. Check out the winning signals that saved my account!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was on a tight range for most of the week despite the overall risk aversion that dominated the markets. In fact, the pair didn’t see any action until the second half of the week when the risk aversion was fueled further by profit-taking ahead of the Fed and BOJ’s monetary policy decisions the following week. Luckily, signal #9 turned out to be a valid one and yielded a 128 pips, enough to push my net gains back to +96 pips. Woohoo!
The pound got a boost from an anti-Brexit poll released some time in the middle of the week. From then on it traded on a tight range before finally succumbing to overall risk aversion in the markets. Unlike in EUR/USD, the HLHB System got its loot from the earlier signals. By the end of the week though, Cable still contributed a nice 132 pips from the system’s coffers. Yay!
Can’t wait to see this week’s numbers on the next update! Something tells me the big moves are good for this trend-catcher…
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!