Now that’s forex trend-catching! Thanks to a volatile week for GBP/USD, this trend-catcher system pocketed +459 pips for the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
With barely any catalyst for both the euro and the dollar, EUR/USD traded in a tight range. That didn’t sit well with this trend-catcher, which caught at least three fakeouts that slipped through the RSI filter. Thankfully, the last signal yielded 44 pips and helped bring down the weekly losses to 6 pips. Phew!
One of the best things about trend-catching systems like this one is that it tends to lose small and win big. Thanks to speculations about the BOE’s decision and the MPC’s curveball, the HLHB hit its 200-pip profit parameter not once, but TWICE this week. Oh and the 152-pip trade near at the end of the week didn’t hurt either. Thank you, BOE!
That’s it for my HLHB update this week. As always, I’m crossing my fingers for another trend-y week next week. Got any questions for me? Feel free to share them!
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!