It’s another win for the HLHB System! Though EUR/USD and GBP/USD yielded fewer forex signals than the usual, they were still enough to yield positive pips for the week. Woot!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD traded on a 200-pip range for most of the week, but didn’t see any good action until the second half of the week. In fact, only signal #4 turned out to be valid and it was also around the time when the BOE had printed its monetary policy decision. Luckily, signal #4 yielded a 57-pip gain for the HLHB’s coffers. Not bad for a relatively tight trading condition!
Unlike EUR/USD, Cable had a total of 7 signal and only 2 of them turned out to be invalid. Not only that, but 3 out of 5 signals contributed decent gains for the HLHB system. Signal #7, in particular, locked in a cool 154 pips. If you remember, this was also after the BOE released its policy decision, one where Carney was surprisingly less critical of a Brexit than he was in the previous month. By the end of the week the five valid signals yielded a net of 214 pips for the HLHB. Woot! Woot!
Can’t wait to see another week of trend-catching! Let’s see how next week’s numbers turn out…
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!