A pretty surprising week for the HLHB! This trend-catcher gained pips on EUR/USD despite its tight range while it lost pips on GBP/USD even though it showed more volatility throughout the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD’s range was understandably tight at the beginning of the week as forex traders prepared for central bank decisions scheduled in the coming days. It shot higher after the Fed refrained from raising its rates, but soon gave up some of its gains as the week wound down. By the end of the week the HLHB gained a net of 85 pips from the pair. Woohoo!
Much like EUR/USD, Cable also had pretty tight ranges amidst the uncertainty of major central bank decisions. Unlike in EUR/USD though, the HLHB invalidated signals 9 and 10, which could have yielded tons of pips for the trend-catcher. By the end of the week the fakeouts outnumbered the valid trades and gave a net of 76 pips. 🙁
That’s it for my update this week! Don’t hesitate to ask if you have any questions! 🙂
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!
2014 HLHB Trend-Catcher Performance