Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
What a week for EUR/USD! The HLHB system only yielded 3 signals during this week but one of those signals was a ridiculous 146-pip winner. Apparently, traders really loved the Greenback at the start of the week. Long live SMAs!
The HLHB System was much busier with Cable than with EUR/USD. The real moneymaker was signal #6, which yielded 83 pips as it caught the start-of-year buying by the dollar bulls. By the end of the week the system saw a decent 32-pip gain.
|3||Buy||1.6492||1.6492||0||RSI was already above 50|
|4||Sell||1.6493||1.6493||0||RSI was already above 50|
|5||Buy||1.6528||1.6553||25||Trailing stop hit|
|6||Sell||1.6546||1.6463||83||Trailing stop hit|
Not bad for the first week of the year, I think. I hope we continue to see gains over the next few weeks. Fingers crossed!