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A pretty mixed week for this trend-catcher system, as it got burned by fakeouts on EUR/USD but hit its 200-pip profit target on 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 HLHB System Forex Chart
EUR/USD HLHB System Forex Chart

The HLHB System had trouble with EUR/USD, as the pair ranged for most of the week. The fakeouts and losing signals trumped profitable ones, which resulted to a net loss of 94 pips for the week. Boo!

# Signal Open Close Pips Notes
1 Sell 1.2443 1.2439 4 New crossover
2 Sell 1.2439 1.2476 -37 New crossover
3 Buy 1.2476 1.2455 -21 New crossover
4 Sell 1.2455 1.2447 8 New crossover
5 Buy 1.2447 1.2447 0 There was no crossover
6 Sell 1.2462 1.2463 -1 New crossover
7 Buy 1.2463 1.2463 0 RSI was already above 50
8 Sell 1.2446 1.2493 -47 New crossover
9 Buy 1.2493 1.2493 0 RSI was already above 50
TOTAL -94

GBP/USD

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

Profit target hit, baby! Unlike in EUR/USD, Cable saw a huge move around the middle of the week. Luckily for the system, a buy signal popped up and hit the system’s profit target of 200 pips. Woot! Woot!

# Signal Open Close Pips Notes
1 Sell 1.5873 1.5866 7 New crossover
2 Buy 1.5866 1.5885 19 New crossover
3 Sell 1.5885 1.5685 200 Profit-target hit
4 Buy 1.5685 1.5672 -13 End-of-week trade
TOTAL 213

Let’s hope we see another good week for the system next week!

XOXO,

Huck

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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.