A pretty mixed week for the HLHB System, as fakeouts during the last forex trading week of the month rained on the system’s parade. Here are the deets on EUR/USD and GBP/USD!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD had a pretty tight week considering that it was the last one for the month and the quarter. Unfortunately, the topsy-turvy moves didn’t do the HLHB System any favors. Fakeouts peppered the chart and though the system did a pretty good job at invalidating a lot of them, there were still a couple that managed to evade the filter. By the end of the week only one signal churned out profits and contributed to a net loss of 69 pips. Not bad for 18 signals!
GBP/USD didn’t have as many signals as EUR/USD but it did have more winning trades than the former. Signal #3, in particular, almost hit the system’s maximum profits per trade at +192 pips and helped cushion the losses from the other fakeouts. By the end of the week the system was up by 125 pips from Cable. Woot!
That’s it for my update today. Looking for better trading numbers for the first week of July. Fingers crossed!
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!