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Not surprisingly, the system gained tons of pips from EUR/USD last week. Here are results for both EUR/USD an GBP/USD last week.

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 ranged tightly for most of the week, probably due to anticipation of the ECB’s monetary policy decision. And boy did Mario Draghi sure deliver! With the ECB launching a more-generous-than-expected (60 billion EUR vs. 50 billion EUR expected) monthly QE program, forex traders were in a hurry to sell the common currency. Signal #12 caught the move perfectly, as it hit the system’s 200-pip profit target. Woohoo!

# Signal Open Close Pips Notes
1 Sell 1.1556 1.1556 0 RSI was already below 50
2 Sell 1.1559 1.1559 0 There was no crossover
3 Buy 1.1584 1.1595 11 New crossover
4 Sell 1.1595 1.1605 -10 New crossover
5 Buy 1.1605 1.1605 0 RSI was already above 50
6 Sell 1.1574 1.1574 0 RSI was already below 50
7 Buy 1.1569 1.1569 0 There was no crossover
8 Sell 1.1573 1.1573 0 RSI was already below 50
9 Buy 1.1610 1.1610 0 RSI was already above 50
10 Sell 1.1591 1.1624 -33 New crossover
11 Buy 1.1624 1.1624 0 RSI was already above 50
12 Sell 1.1562 1.1262 200 Profit target hit
TOTAL 168

GBP/USD

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

Like in EUR/USD, GBP/USD’s price action was also choppy for most of the week. Unlike the former currency pair though, the system caught the big move a bit too late. Signal #10 was invalidated, which is probably why the system ended the week down by 34 pips on Cable.

# Signal Open Close Pips Notes
1 Buy 1.5155 1.5134 -21 New crossover
2 Sell 1.5134 1.5124 10 New crossover
3 Buy 1.5124 1.5145 21 New crossover
4 Sell 1.5145 1.5145 0 There was no crossover
5 Buy 1.5168 1.5168 0 RSI was already above 50
6 Sell 1.5114 1.5143 -29 New crossover
7 Buy 1.5143 1.5143 0 RSI was already above 50
8 Sell 1.5128 1.5128 0 RSI was already below 50
9 Buy 1.5150 1.5162 12 Adjusted stop loss hit
10 Sell 1.5086 1.5086 0 RSI was already below 50
11 Buy 1.5026 1.4999 -27 End-of-week trade
TOTAL -34

I’m not expecting any big moves from EUR/USD or GBP/USD this week, but I’m crossing my fingers for more valid (and profitable!) signals this time.

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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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.