HLHB Trend-Catcher System Update (November 7-11, 2016)

Where there’s trend, there’s profit! At least that’s what last week’s trading has proven for this trend-catcher. Here are the numbers from last week’s forex trading!

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

As you can see on the chart above, EUR/USD was on a VERY tight range before and after the U.S. elections took place. Luckily, the HLHB caught some of the euro rally right until Trump was declared the winner. Then, much like signal #6, signal #7 also caught a huge chunk of the dollar’s rally until Friday’s new signal. The gains from signals 6 and 7 helped push the HLHB’s net weekly gains to 218 pips by the end of the week. Woohoo!

EU

GBP/USD

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

GBP/USD wasn’t as action-packed as EUR/USD during the elections. Though the pair traded on tight ranges, it lacked the big moves that we saw in EUR/USD while the elections were ongoing. In fact, only signal #4 managed to catch serious pips. Unfortunately, Cable also sported tons of fakeouts throughout the week. By the end of the week, the small little losses added together and put a 33-pip dent on the HLHB’s coffers. Oh well, till next week, I suppose.

GU

That’s it for my HLHB update today! Let me know if you have any questions on the system and on the signals above!

Huck's Signature

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