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A pretty good week for the HLHB Trend-Catcher System, as it gained pips from both EUR/USD and GBP/USD. Here’s my forex update!

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

EUR/USD popped up its most profitable signal near the start of the week before it dropped (and ranged) around the 1.1800 area. Luckily for the HLHB System, the 96-pip gain on signal #2 was enough to offset losses from fakeouts from the latter part of the week. Phew!

# Signal Open Close Pips Notes
1 Sell 1.1907 1.1907 0 There was no crossover
2 Sell 1.1913 1.1817 96 New crossover
3 Buy 1.1817 1.1817 0 RSI was already above 50
4 Sell 1.1784 1.1784 0 RSI was already below 50
5 Buy 1.1801 1.1793 -8 New crossover
6 Sell 1.1793 1.1793 0 RSI was already below 50
7 Buy 1.1805 1.1788 -17 New crossover
8 Sell 1.1788 1.1832 -44 New crossover
9 Sell 1.1832 1.1843 11 End-of-week trade
TOTAL 38

GBP/USD

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

Like in EUR/USD, GBP/USD also dropped significantly before ranging. Unlike in EUR/USD though, the HLHB System invalidated a potentially profitable signal. Instead, the system got its profits from signal #5. Not as good as signal #1’s potential profits, but a gain’s a gain, right?

# Signal Open Close Pips Notes
1 Sell 1.5232 1.5232 0 RSI as already below 50
2 Sell 1.5105 1.5105 0 RSI was already below 50
3 Buy 1.5090 1.5081 -9 New crossover
4 Sell 1.5081 1.5081 0 There was no crossover
5 Buy 1.5095 1.5165 70 End-of-week trade
TOTAL 61

A pretty good start for the year, I think. Hopefully we see more trends this year. Who knows? Maybe the system’s performance could surpass its 2014 results!

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.