HLHB Trend-Catcher System Update (July 25 – 29, 2016)

Fakeout alert! Thanks to a ranging environment and tons of fakeouts, the HLHB clocked in losses on both EUR/USD and GBP/USD. Here are the details!

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD: 1-hour Forex Chart

EUR/USD: 1-hour Forex Chart

After the previous week’s action, both EUR/USD and GBP/USD traded in uber tight ranges that were no good for this trend-catcher. EUR/USD had 13 signals throughout the week with only 4 valid ones and ONE profitable signal. By the end of the week the system lost 22 pips on the pair. BOO!!!

EU

GBP/USD

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

Much like in EUR/USD’s price action, Cable also saw tight ranges throughout the week. The only possible action was found in signals #13 and #17. Unfortunately, only the latter actually contributed pips. With 6 out of 7 valid signals turning out to be losers, the HLHB lost a net of 78 pips from the pair.

GU

*Sigh*

A pretty bad week for the HLHB overall, but still within expectations of an intraweek trend-catcher system. Crossing my fingers for a more trend-y week next week though!

XOXO,

Huck

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!

See also:

2014 HLHB Trend-Catcher Performance

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