A pretty good trading week for this trend-catcher system, as it was able to gain pips from both EUR/USD and GBP/USD. Phew!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was on a choppy downtrend for most of the week! Luckily, the HLHB system caught some of the action with 2 out of the 4 signals yielding positive pips. Signal #8, in particular, popped up right before the euro dropped below the 1.0600 handle. Not bad, right?
Unlike EUR/USD, Cable traded sideways for most of the week. Fortunately, signals #2 and #8 pocketed enough pips to keep the system above water. And, because there was only one fakeout, GBP/USD’s gains were more than EUR/USD’s. By the end of the week, the HLHB caught a net of 48 pips from Cable. Woot! Woot!
That’s it for my HLHB update today! Let me know if you have any questions on the system and on the signals above!
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